I'd strongly suggest that you take both the parts together when you try to attempt the questions. That way you will get a feel of questions and how to answer them. Do note that these are not verbatim questions from PMI-RMP exam, however, these questions covers the areas needed for the exam. These questions are taken from the following courses and book:
- RMP Live Lessons – Guaranteed Pass or Your Money Back
- RMP 30/40 Contact Hours – Full Moneyback Guarantee
- I Want To Be A RMP, 2nd Edition, 2022 updated with latest exam pattern
Again do note that the PMBOK 7th edition is a reference for the new RMP exam. It's explicitly listed in the exam content outline (RMP-ECO).
In this part, we will have final 10 multi-answer/response questions. I hope you are able to do most of the questions on your own! If not, do send a mail as noted below.
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Question – 11: For a project, the risk manager has all the planning related work, implementing the risk responses and currently monitoring the risks. For certain risks, while monitoring, the plan is to trigger a response based on analysis. Which of the following can be used (choose two)?
A. Affinity diagrams.
B. Contingency planning.
C. Variance analysis.
D. Residual impact analysis.
E. Trend analysis.
Question – 12: Which of the following are not correct about reserve analysis (choose two)?
A. Informs the amount of reserves remaining to the amount of risk remaining at any time in the project.
B. Use in both Perform Quantitative Risk Analysis and Monitor Risks process.
C. Can be plotted with a cause-and-effect diagram.
D. Burndown charts can be used to represent the reserve remaining.
E. Tells if the remaining reserve is adequate.
Question – 13: For a project, a number of risk related activities, but conditions ones, are added with changes to the project schedule. These have been approved and integrated, which in result in updates to (choose two):
A. Project schedule.
B. Project schedule management plan.
C. Project management plan.
D. Project schedule baseline.
E. Project resource management.
Question – 14: A planning session is ongoing in order to build a common understanding of the risk approach between stakeholders and to gain agreement for managing risks in a project, which will be part of the portfolio. The output of this meeting can have which of the following (choose two):
A. Introduction, Portfolio description, Stakeholder risk appetites.
B. Identified risks, Risk owners, Risk Response Owners.
C. Project description, Criteria for success, Thresholds and corresponding definitions.
D. Communications management plan, Risk breakdown structure, Contingency plans.
E. Risk management organization, Roles, responsibilities, and authority, Risk management techniques and guidelines for use.
Question – 15: Risk identification is about all of the following, except (choose two):
A. Develop a comprehensive list of all known uncertainties that could project objectives.
B. Use various tools and techniques such as variance analysis and trend analysis to identify new risks.
C. Write the risk statements in a three-part statement for clarity.
D. Use matrix method-based techniques such as analytical hierarchical process (AHP) to identify risks.
E. Remove biases and an array of human behavior patterns stand in the way of identifying unknown risks.
Question – 16: An example of unknown-known can be all of the followings, but (choose two):
A. A known fact.
B. A hidden assumption.
C. A hidden fact.
D. An unknowable.
E. An ignored assumption.
Question – 17: Delphi technique is one of the core techniques used to identify various uncertainties in a project and hence, associated risks. However, one of the key stakeholders opposes and outlines a number of reasons about its drawbacks. Why can this stakeholder be right (choose two)?
A. Limited to technical risks.
B. Iterative and hence gets unnecessarily refined.
C. Removes sources of bias.
D. Dependent on actual expertise of experts.
E. Can't be used for reserve estimation.
Question – 18: A project is getting closed. The risk manager and team members have tried to manage the risks to a large extent possible, but still some of the risks remained. As the project draws to a closure, what should be done with these risks, except (choose two)?
A. Include a summary of any risks or issues encountered on the project and how they were addressed.
B. Check the risk register and close all the risk before closing the phase.
C. Move the content of the risk register into the lessons learned register.
D. Hand-over the remaining risks into the next phase of the project.
E. Check the risk report in order to see the status of high-priority risks.
Question – 19: For a multi-geographical project under a satellite program, a project manager is currently collecting the performance information. In addition to it, which of the following can be done, except (choose two)?
A. Checking the status of the risks that have already been identified.
B. Evaluating whether or not the impact can be contained within the limits of the project budget.
C. Verifying whether any known risk has not occurred or is not about to occur.
D. Monitoring the status of all actions implemented to respond to the detection or occurrence of a risk.
E. Adding additional activities or work packages to update the project’s baselines or product backlog.
Question – 20: For a project, the risk owner has been monitoring the actions to determine the effectiveness and to identify if any secondary risks have arisen. The risk action owners while informing the status of response actions say that the undertaken actions are closed. What should the risk owner do next (choose two)?
A. Check if the risk has been effectively dealt with.
B. Inform the project manager about it and close the risk.
C. Determine if any additional actions need to be planned and implemented.
D. Keep the risk in the register and manage the risk through subsequent risk management processes.
E. Immediately perform an audit of this risk to determine the effectiveness of response.
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The question set is available in the embedded document below. The answers are also part of this document. You can scroll to see the content.
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