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PMI PMI-RMP certification exam is designed for individuals who have experience in the field of project management and are interested in obtaining a professional certification that will validate their risk management expertise. PMI-RMP Exam covers a broad range of topics related to risk management, including risk identification, analysis, response planning, and risk monitoring and control.

PMI Risk Management Professional Sample Questions (Q129-Q134):

NEW QUESTION # 129
You are the project manager of the NJJ project. Your enterprise environmental factors require that you establish certain risk management rules regarding low risks within your project. What is the best policy for risks with low probability and low impact in the project management?

A. These risks should be placed in the risk register.
B. These risks should be accepted.
C. These risks should be identified, but dismissed.
D. These risks should be placed on a watchlist for future monitoring.

Answer: D

Explanation:
Explanation/Reference:

NEW QUESTION # 130
You are the project manager of the GGK project for your company. The GGK project has a budget of
$1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent $575,000 to reach this point in the project. Management would like to know what your cost performance index and the schedule performance index is for this project.
What are these values?

A. The CPI is -$68,960 and the SPI is $63,255.
B. The CPI is .88 and the SPI is 1.14.
C. The CPI is 1.14 and the SPI is .88.
D. The CPI is .88 and the SPI is zero.

Answer: B

Explanation:
Explanation

NEW QUESTION # 131
You are the project manager of the CUL project in your organization. You and the project team are assessing the risk events and creating a probability and impact matrix for the identified risks. Which one of the following statements best describes the requirements for the data type used in qualitative risk analysis?

A. A qualitative risk analysis requires fast and simple data to complete the analysis.
B. A qualitative risk analysis required unbiased stakeholders with biased risk tolerances.
C. A qualitative risk analysis encourages biased data to reveal risk tolerances.
D. A qualitative risk analysis requires accurate and unbiased data if it is to be credible.

Answer: D

NEW QUESTION # 132
it typically takes 5 hours to perform a complete home inspection. If there are unforeseen risk factors, it can take up to 7 hours to finish the inspection. The earliest the project team has ever finished an inspection is in 3 hours.
Using the project evaluation and review technique (PERT) to estimate duration how many hours should the project manager plan to schedule the task taking into account all the positive and negative risk factors?

A. 4 hours
B. 12 hours
C. 5 hours
D. 6 hours

Answer: C

Explanation:
The Project Evaluation and Review Technique (PERT) is a statistical tool used in project management to estimate the duration of tasks by considering uncertainty and variability. PERT employs a weighted average of three time estimates:
Optimistic (O): The shortest time in which the task can be completed (3 hours).
Most Likely (M): The best estimate of the time required under normal conditions (5 hours).
Pessimistic (P): The longest time the task might take, assuming potential issues (7 hours).
PMI Risk Management Study Guide References:
The PMI-RMP Exam Preparation Study Guide outlines the PERT formula and its application in estimating task durations, highlighting its effectiveness in incorporating uncertainty into project schedules.

NEW QUESTION # 133
You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. You will need all of the following as inputs to the qualitative risk analysis process except for which one?

A. Risk management plan
B. Risk register
C. Stakeholder register
D. Project scope statement

Answer: C

NEW QUESTION # 134
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