PMI-RMP Free Practice Test

Which positive risk response best describes a teaming agreement?

1. A. Share
2. B. Exploit
3. C. Enhance
4. D. Venture

Correct Answer: A

Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

1. A. Risk response
2. B. Quantitative analysis
3. C. Contingency reserve
4. D. Risk response plan

Correct Answer: C

The Identify Risk process determines the risks that affect the project and document their characteristics. Why should the project team members be involved in the Identify Risk process?

1. A. They are the individuals that will need a sense of ownership and responsibility for the risk events.
2. B. They are the individuals that will have the best responses for identified risks events within the project.
3. C. They are the individuals that are most affected by the risk events.
4. D. They are the individuals that will most likely cause and respond to the risk events.

Correct Answer: A

You work as a project manager for BlueWell Inc. You are involved with the project team on the different risk issues in your project. You are using the applications of IRGC model to facilitate the understanding and managing the rising of the overall risks that have impacts on the economy and society. One of your team member wants to know that what is the need to use the IRGC. What will be your reply?

1. A. IRGC addresses questions such as the understanding of the secondary impacts of a risk.
2. B. IRGC models aim at building robust, integrative inter-disciplinary governance models for emerging and existing risks.
3. C. IRGC addresses the development of resilience and the capacity of organizations and people to face unavoidable risks.
4. D. IRGC is both a concept and a tool.

Correct Answer: B

Holly is the project manager of the NSS Project for her company. She is discussing some of the project risks and the issues that have happened in the project. Holly has faxed the status report to her project client for their review. Based on the standard communication model, which component in this scenario is the decoder?

1. A. Project customer
2. B. Telephone wire
3. C. Holly
4. D. Project customer's fax machine

Correct Answer: D