PMI-RMP Free Practice Test

You are the project manager for your organization. You are working with your key stakeholders in the qualitative risk analysis process. You understand that there is certain bias towards the risk events in the project that you need to address, manage, and ideally reduce. What solution does the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?

1. A. Establish the definitions of the levels of probability and impact
2. B. Provide iterations of risk analysis for true reflection of a risk probability and impact
3. C. Isolate the stakeholders by project phases to determine their risk bias
4. D. Involve all stakeholders to vote on the probability and impact of the risk events

Correct Answer: A

Which of the following components ensures that risks are examined for all new proposed change requests in the change control system?

1. A. Risk monitoring and control
2. B. Scope change control
3. C. Integrated change control
4. D. Configuration management

Correct Answer: C

Which one of the following is the only output for the qualitative risk analysis process?

1. A. Enterprise environmental factors
2. B. Project management plan
3. C. Risk register updates
4. D. Organizational process assets

Correct Answer: C

You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated. Which project management process is responsible for these actions?

1. A. Risk planning
2. B. Risk identification
3. C. Risk monitoring and controlling
4. D. Risk analysis

Correct Answer: C

You work as a project manager for BlueWell Inc. You are working on a project and the management wants a rapid and cost-effective means for establishing priorities for planning risk responses in your project. Which risk management process can satisfy management's objective for your project?

1. A. Historical information
2. B. Qualitative risk analysis
3. C. Quantitative analysis
4. D. Rolling wave planning

Correct Answer: B