PMI Risk Management Professional - PMI-RMP Exam Practice Test
A financial services company has implemented a risk response plan to mitigate potential cybersecurity threats.
The project team has conducted a series of tests to ensure the new security measures are effective. However, some executives have expressed concerns about the impact of these measures on daily operations.
What should the risk manager do?
The project team has conducted a series of tests to ensure the new security measures are effective. However, some executives have expressed concerns about the impact of these measures on daily operations.
What should the risk manager do?
Correct Answer: A
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The risk manager notices that in their workshops, most of the risks identified are threats. What should the risk manager do to increase the number of opportunities identified?
Correct Answer: A
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A risk management professional is in the process of categorizing risks when a subject matter expert (SME) suggests categorizing the risks by their impact to the project objectives. Why should the risk management professional use this approach?
Correct Answer: A
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A risk manager completed risk response planning for a project that is currently in the execution phase. During a periodic review of the risk register, the project manager recognizes that some key secondary risks have not been considered.
Who should the project manager hold accountable for missing the risks?
Who should the project manager hold accountable for missing the risks?
Correct Answer: B
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While developing a risk management plan for a complex program in a metricized environment, a program management team is itemizing a response plan for each identified risk that appears in the risk register. What should the risk manager do to effectively monitor the risks?
Correct Answer: B
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A project is in progress when the product team requests a change to the scope. The team indicates that this is a minimal change and should not create any problems.
What should the risk manager do next?
What should the risk manager do next?
Correct Answer: D
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A project team is concerned about a risk which, if occurs, might add additional complexity to their work. The team will need help from an external vendor, but the contracting process is long.
What should the risk manager do in this case?
What should the risk manager do in this case?
Correct Answer: A
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When should the benefits of quantitative risk analysis be weighed against the effort required to ensure that the additional insights and value justify the extra effort?
Correct Answer: A
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Many customers using the global positioning system (GPS) of several automobile companies are complaining about errors due to a recent update. This update included a major technological change to mitigate emerging risks with software deployment. Upon investigation, the risk manager realized that this issue was identified as a high-risk item during risk analysis, which required secondary risk identification that was never completed.
What was missed in the risk management process that led to this incident?
What was missed in the risk management process that led to this incident?
Correct Answer: A
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