PMI Risk Management Professional

Here you have the best PMI PMI-RMP practice exam questions

You have 447 total questions to study from
Each page has 5 questions, making a total of 90 pages
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This questions were last updated on December 9, 2025
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Question 1 of 447

What are common examples used to communicate risk probability and impact?

Risk checklist, risk assessment, regression analysis, and assumption and constraint analysis

Monitor Risks process, multi-dimensional risk assessment, control chart, and Monte Carlo simulation

Probability distributions, sensitivity analysis, modeling and simulation, and probability and impact matrix

Monitor Risks process, assumption and constraint analysis, modeling and simulation, and risk register

Correct Answer: C

Common examples used to communicate risk probability and impact include probability distributions, sensitivity analysis, modeling and simulation, and probability and impact matrix. These methods provide quantifiable and visual means to assess and convey the likelihood and potential consequences of risks, making them essential tools in risk management.

Question 2 of 447

When using the risk register to manage the cost risk analysis, which of the following models the way correlation arises, and avoids the need to estimate the correlation coefficients?

Risk Monte Carlo analysis

Risk driver method

Risk scatter diagram

Risk RACI matrix

Correct Answer: B

The Risk driver method models the way correlation arises without the need to estimate correlation coefficients by focusing on key drivers that influence multiple risks or cost elements. It directly addresses the underpinning factors that cause correlation, making it more effective for managing cost risk analysis in a structured manner.

Question 3 of 447

Which of the following characteristics would a risk tolerant person or group demonstrate?

Adaptable and resourceful; not afraid to take action; thrill seeking

Discomfort with uncertainty; low tolerance for ambiguity; seeks security and resolution in the face of risk

Risk taking is a price worth paying for future payoffs; seeks strategies and tactics that have high future payoffs; thinks abstractly and creatively envisioning possibilities, and not afraid of change or unknowns

Reasonable comfort with most uncertainty; accepts risk as a normal feature of projects and business, and takes uncertainty in stride with no apparent or significant influence on their behavior

Correct Answer: C

A risk tolerant person or group would demonstrate a characteristic where taking risks is seen as being worth the potential future payoffs. They seek strategies and tactics with high future rewards, think abstractly and creatively about possibilities, and are not afraid of change or the unknowns. This aligns well with option C, which describes a willingness to pursue high-reward strategies despite the inherent risks, indicating a high tolerance for risk.

Question 4 of 447

The risk manager organizes a stakeholder meeting to obtain agreement on project risk response strategies. At the conclusion of this meeting, the risk response strategies should be which of the following?

Scheduled, budgeted, and easy for project stakeholders to understand

Cost-effective, validated by Monte Carlo analysis, and assigned

Iterative, scaled to the project, and addressing threats and opportunities

Timely, cost-effective, agreed-upon, and accepted

Correct Answer: D

When organizing a stakeholder meeting to obtain agreement on project risk response strategies, the strategies developed should be timely to address risks as they arise, cost-effective to ensure that the responses are within the project's budget, agreed-upon by all stakeholders to ensure buy-in and commitment, and accepted to confirm that they are feasible and suitable for implementation. These criteria ensure that the risk responses are practical, achievable, and supported by everyone involved in the project.

Question 5 of 447

A new resource is added to the project team from a matrix organization. How should the project's risk manager familiarize the new team member with the project's risk management process?

The functional manager is responsible for providing the training.

Provide project specific risk training and mentor through the risk process.

Send the new team member the risk management plan to read.

Provide the new team member with a copy of the risk register and latest status report.

Correct Answer: B

To effectively familiarize the new team member with the project's risk management process, it is essential to provide project-specific risk training and mentor them through the risk process. This hands-on approach ensures that the new member understands both the theoretical aspects and practical application of risk management within the specific context of the project.