Exam PMI-RMP Lab Questions - PMI-RMP Free Exam Questions

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PMI Risk Management Professional Sample Questions (Q26-Q31):

NEW QUESTION # 26
Members of a project team are not taking their risk management responsibilities seriously. They do not consider risk management as primary to the project's success and do not believe that the benefits are significant.
What should the risk manager do?

A. Ensure that risk management responsibilities are clearly identified in the risk management plan.
B. Ensure that the risk language used by all stakeholders is consistent with the risk management plan.
C. Schedule a meeting to review and develop realistic risk thresholds with the project team.
D. Motivate and influence the project team with risk engagement activities like workshops.

Answer: D

Explanation:
Explanation
To address the lack of risk management buy-in from the project team, the risk manager should organize risk engagement activities, such as workshops. These activities can help create awareness of the importance of risk management and motivate the team to take their risk management responsibilities seriously.

NEW QUESTION # 27
A risk manager of a major project facilitates a meeting to develop the risk management plan. What two factors does the risk manager need to consider to ensure an effective risk management plan is developed? (Choose two.)

A. Ensuring risk response strategies mitigate all risks.
B. Aligning to project constraints and priorities.
C. Minimizing implementation costs.
D. Obtaining stakeholder acceptance
E. Applying modern risk management techniques.

Answer: B,D

Explanation:
Explanation
To ensure an effective risk management plan, the risk manager needs to consider aligning the plan to project constraints and priorities and obtaining stakeholder acceptance, as these factors will help ensure that the plan is relevant and supported by the project team and stakeholders.

NEW QUESTION # 28
In a complex project, individual risks have been identified with the stakeholders. The project sponsor asks the risk manager about the likelihood of project success. Which risk analysis tool(s) should the risk manager use as a basis for their response?

A. Probabilistic and quantitative risk analyses to get the overall risk score
B. Probabilistic risk analysis to get the overall risk score
C. Qualitative risk analysis to get the overall risk score
D. Quantitative risk analysis to get the overall risk score

Answer: A

Explanation:
To assess the likelihood of project success, the risk manager should use both probabilistic and quantitative risk analyses. Probabilistic analysis helps in understanding the range of possible outcomes and their probabilities, while quantitative risk analysis provides a numerical estimate of the overall risk impact on project objectives. Combining these methods gives a more comprehensive understanding of the project's risk profile and allows the risk manager to provide an informed response regarding the likelihood of project success. PMI's risk management standards support the use of these tools for a thorough and accurate risk assessment.

NEW QUESTION # 29
A risk facilitator is creating an outline for the risk management plan. To ensure alignment with the project's objectives, and to develop and recommend the project's risk strategy, what should be referenced to create this?

A. Project management plan, project charter, stakeholder register, and organizational process assets
B. Strengths, weaknesses, opportunities, and threats (SWOT) analysis, project charter, stakeholder register, and organizational process assets
C. Project management plan, risk register, stakeholder register, and organizational process assets
D. Risk register, project charter, stakeholder register, and organizational process assets

Answer: A

NEW QUESTION # 30
Which of the following is an effective channel for risk mitigation assistance, project risk visibility and risk escalation support?

A. Change control board (CCB)
B. Board of directors
C. Project steering committee
D. Project management office (PMO)

Answer: A

NEW QUESTION # 31
......

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