Pmi Rmp Pmi Risk Management Professional Practice Test - Set 1

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PMI-RMP: PMI Risk Management Professional - Exam Information

Exam Information

Exam Code

Pmi Rmp Pmi Risk Management Professional

Exam Title

PMI-RMP: PMI Risk Management Professional

Vendor

PMI

Difficulty

Advanced

Duration

3.5 Hours

Question Format

Multiple Choice

Last Updated

February 24, 2025

The PMI-RMP exam assesses expertise in risk management and mitigation strategies.

Practice Test

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1. What is the primary objective of risk management?

Identify and mitigate risks
Eliminate all project risks
Reduce project costs
Increase project complexity

2. Which document is used to record identified risks?

Risk Register
Project Charter
Work Breakdown Structure
Stakeholder Register

3. What is the purpose of a Risk Management Plan?

Define how risks will be identified, analyzed, and managed
Track project costs
Assign project resources
Define project scope

4. Which technique is used to assess the probability and impact of risks?

Risk Assessment Matrix
Gantt Chart
Stakeholder Analysis
Work Breakdown Structure

5. What is the purpose of a Risk Breakdown Structure (RBS)?

Categorize and organize risks
Track project costs
Assign project resources
Define project scope

6. Which risk response strategy involves taking steps to reduce the likelihood or impact of a risk?

Mitigation
Avoidance
Transfer
Acceptance

7. What is the purpose of a Risk Audit?

Evaluate the effectiveness of risk responses
Identify new risks
Assign project resources
Define project scope

8. Which risk response strategy involves shifting the risk to a third party?

Transfer
Mitigation
Avoidance
Acceptance

9. What is the purpose of a Risk Owner?

Take responsibility for managing a specific risk
Track project costs
Assign project resources
Define project scope

10. Which technique is used to identify risks by analyzing project assumptions?

Assumptions Analysis
Brainstorming
SWOT Analysis
Delphi Technique

11. What is the purpose of a Risk Threshold?

Define the level of risk tolerance
Track project costs
Assign project resources
Define project scope

12. Which risk response strategy involves eliminating the risk entirely?

Avoidance
Mitigation
Transfer
Acceptance

13. What is the purpose of a Risk Register Update?

Document changes to identified risks
Track project costs
Assign project resources
Define project scope

14. Which technique is used to prioritize risks based on their impact and probability?

Risk Prioritization Matrix
Gantt Chart
Stakeholder Analysis
Work Breakdown Structure

15. What is the purpose of a Risk Reserve?

Allocate resources to address potential risks
Track project costs
Assign project resources
Define project scope

16. Which risk response strategy involves accepting the risk without taking any action?

Acceptance
Mitigation
Transfer
Avoidance

17. What is the purpose of a Risk Review?

Evaluate the effectiveness of risk management processes
Identify new risks
Assign project resources
Define project scope

18. Which technique is used to identify risks by analyzing project strengths, weaknesses, opportunities, and threats?

SWOT Analysis
Brainstorming
Assumptions Analysis
Delphi Technique

19. What is the purpose of a Risk Communication Plan?

Define how risk information will be shared
Track project costs
Assign project resources
Define project scope

20. Which risk response strategy involves developing contingency plans?

Contingency Planning
Mitigation
Transfer
Acceptance

21. What is the primary purpose of qualitative risk analysis?

Prioritize risks based on probability and impact
Calculate exact financial impact of risks
Eliminate all low-priority risks
Delegate risk responses to team members

22. Which of the following is NOT a common risk category in a Risk Breakdown Structure?

Project Budget
Technical
External
Organizational

23. What does EMV stand for in risk analysis?

Expected Monetary Value
Estimated Measure of Variance
Emergency Management Valuation
Enterprise Management Verification

24. Which technique uses anonymous expert input for risk identification?

Delphi Technique
Brainstorming
Interviewing
Checklist Analysis

25. What is the key benefit of performing quantitative risk analysis?

Numerical evaluation of overall project risk exposure
Faster risk identification process
Eliminates need for qualitative analysis
Reduces number of risks to consider

26. Which document defines risk thresholds for the project?

Risk Management Plan
Project Charter
Stakeholder Register
Communication Plan

27. What is the purpose of a tornado diagram in risk analysis?

Compare relative importance of variables
Show project schedule risks
Track risk response implementation
Identify new risks

28. Which risk response is appropriate for positive risks?

Exploit
Mitigate
Transfer
Avoid

29. What is the main output of Identify Risks process?

Risk Register
Risk Management Plan
Project Charter
Stakeholder Register

30. Which technique helps visualize how risks might interact?

Influence Diagram
Gantt Chart
Pareto Chart
Control Chart

31. What is the primary purpose of reserve analysis?

Determine amount of contingency reserves needed
Identify new risks
Evaluate team performance
Calculate project ROI

32. Which of these is NOT a valid risk attribute in qualitative analysis?

Risk color
Risk probability
Risk impact
Risk urgency

33. What does PERT stand for in risk analysis?

Program Evaluation and Review Technique
Project Estimation and Risk Technique
Probability Evaluation of Risk Thresholds
Performance Evaluation and Review Testing

34. Which process involves implementing agreed-upon risk responses?

Implement Risk Responses
Monitor Risks
Plan Risk Management
Identify Risks

35. What is the main purpose of a risk reassessment?

Identify new risks and re-evaluate existing ones
Assign new risk owners
Update the project charter
Reallocate project budget

36. Which technique uses a 3-point estimate for quantitative analysis?

Monte Carlo Simulation
SWOT Analysis
Delphi Technique
Root Cause Analysis

37. What is the primary output of Perform Quantitative Risk Analysis?

Updated risk register with probabilistic analysis
Risk Management Plan
Project documents updates
Change requests

38. Which risk response strategy for opportunities seeks to ensure it happens?

Exploit
Share
Enhance
Accept

39. What is the purpose of sensitivity analysis?

Determine which risks have most potential impact
Measure team sensitivity to risks
Evaluate stakeholder risk tolerance
Assess project complexity

40. Which document contains the risk appetite of the organization?

Organizational process assets
Project charter
Stakeholder register
Communication plan

41. What is the key benefit of the Plan Risk Management process?

Ensures risk management aligns with project context
Identifies all project risks
Creates risk responses
Allocates contingency reserves

42. Which technique is used to model potential combinations of risks?

Scenario analysis
Checklist analysis
Assumptions analysis
SWOT analysis

43. What is the purpose of a risk data quality assessment?

Evaluate usefulness of risk data
Measure quality of risk responses
Assess team risk management skills
Grade risk documentation

44. Which process involves tracking identified risks and identifying new ones?

Monitor Risks
Control Risks
Implement Risk Responses
Perform Qualitative Analysis

45. What is the primary purpose of a risk reassessment?

Identify new risks and reassess current ones
Change risk owners
Update the risk management plan
Reallocate contingency reserves

46. Which technique is used to analyze the root causes of risks?

Fishbone diagram
Pareto chart
Control chart
Run chart

47. What is the purpose of a risk urgency assessment?

Determine which risks need immediate response
Measure how quickly risks can be transferred
Assess stakeholder response times
Evaluate team reaction speed

48. Which process establishes the risk management methodology?

Plan Risk Management
Identify Risks
Perform Qualitative Analysis
Monitor Risks

49. What is the primary output of the Plan Risk Responses process?

Updated risk register with responses
Risk management plan
Change requests
Project management plan updates

50. Which risk response strategy for threats shifts responsibility to third party?

Transfer
Mitigate
Avoid
Accept

51. What is the purpose of a risk audit?

Evaluate effectiveness of risk responses
Identify new risks
Assign risk owners
Update risk categories

52. Which document defines roles and responsibilities for risk management?

Risk Management Plan
Project Charter
Stakeholder Register
Communication Plan

53. What is the primary purpose of the Monitor Risks process?

Track identified risks and identify new ones
Create risk responses
Assign risk owners
Develop risk management plan

54. Which technique is used to display risk probability and impact?

Probability and Impact Matrix
Pareto Chart
Control Chart
Run Chart

55. What is the purpose of a fallback plan?

Implement if primary response fails
Reduce risk probability
Transfer risk to third party
Avoid risk entirely

56. Which process applies contingency plans when risks occur?

Implement Risk Responses
Monitor Risks
Plan Risk Responses
Perform Qualitative Analysis

57. What is the primary purpose of a risk review meeting?

Assess risk management effectiveness
Identify new risks
Assign risk owners
Update risk categories

58. Which technique is used to analyze trends in risk occurrence?

Trend analysis
Root cause analysis
SWOT analysis
Assumptions analysis

59. What is the purpose of a workaround?

Respond to unanticipated risks
Reduce known risks
Transfer risks
Avoid risks

60. Which process involves determining which risks may affect the project?

Identify Risks
Plan Risk Management
Perform Qualitative Analysis
Monitor Risks

61. What is the primary purpose of the Perform Qualitative Risk Analysis process?

Prioritize risks for further analysis
Calculate exact financial impacts
Develop risk responses
Assign risk owners

62. Which technique uses expert judgment to assess risks?

Delphi technique
Monte Carlo simulation
Sensitivity analysis
Decision tree analysis

63. What is the purpose of a risk categorization?

Group risks by common causes
Assign risk owners
Calculate risk impacts
Develop risk responses

64. Which document contains historical risk information?

Organizational process assets
Project charter
Stakeholder register
Communication plan

65. What is the primary purpose of the Perform Quantitative Risk Analysis process?

Numerically analyze effect on objectives
Identify new risks
Assign risk owners
Develop risk management plan

66. Which technique models project outcomes under different scenarios?

Monte Carlo simulation
SWOT analysis
Root cause analysis
Assumptions analysis

67. What is the purpose of a decision tree in risk analysis?

Evaluate options under uncertainty
Identify new risks
Assign risk owners
Categorize risks

68. Which process involves developing options to enhance opportunities?

Plan Risk Responses
Identify Risks
Perform Qualitative Analysis
Monitor Risks

69. What is the primary purpose of a contingency reserve?

Address known risks
Cover unknown risks
Increase project budget
Reduce project scope

70. Which risk response strategy seeks to increase probability of opportunity?

Enhance
Exploit
Share
Accept

71. What is the purpose of a risk trigger?

Indicate risk is about to occur
Assign risk owners
Calculate risk impact
Develop risk responses

72. Which process involves implementing contingency plans?

Implement Risk Responses
Monitor Risks
Plan Risk Responses
Perform Qualitative Analysis

73. What is the primary purpose of the Monitor Risks process?

Track identified risks and identify new ones
Develop risk responses
Assign risk owners
Create risk management plan

74. Which technique is used to analyze project vulnerabilities?

SWOT analysis
Monte Carlo simulation
Decision tree analysis
Sensitivity analysis

75. What is the purpose of a risk reassessment?

Identify new risks and reassess current ones
Change risk owners
Update risk management plan
Reallocate contingency reserves

76. Which document contains risk-related contractual agreements?

Project documents updates
Project charter
Stakeholder register
Communication plan

77. What is the primary purpose of a risk audit?

Evaluate effectiveness of risk responses
Identify new risks
Assign risk owners
Update risk categories

78. Which technique is used to analyze causes of risks?

Root cause analysis
Trend analysis
SWOT analysis
Assumptions analysis

79. What is the purpose of a workaround?

Respond to unanticipated risks
Reduce known risks
Transfer risks
Avoid risks

80. Which process involves determining risk management approach?

Plan Risk Management
Identify Risks
Perform Qualitative Analysis
Monitor Risks

81. What is the primary purpose of the Identify Risks process?

Document potential risks
Analyze risk probability
Develop risk responses
Assign risk owners

82. Which technique uses anonymous expert input?

Delphi technique
Brainstorming
Interviewing
Checklist analysis

83. What is the purpose of a risk breakdown structure?

Categorize risks
Assign risk owners
Calculate risk impacts
Develop risk responses

84. Which document contains risk thresholds?

Risk Management Plan
Project Charter
Stakeholder Register
Communication Plan

85. What is the primary purpose of the Perform Qualitative Risk Analysis process?

Prioritize risks for further analysis
Calculate exact financial impacts
Develop risk responses
Assign risk owners

86. Which technique uses probability distributions?

Monte Carlo simulation
SWOT analysis
Root cause analysis
Assumptions analysis

87. What is the purpose of a sensitivity analysis?

Determine most influential risks
Measure team sensitivity
Evaluate stakeholder tolerance
Assess project complexity

88. Which process involves developing risk responses?

Plan Risk Responses
Identify Risks
Perform Qualitative Analysis
Monitor Risks

89. What is the primary purpose of a contingency reserve?

Address known risks
Cover unknown risks
Increase project budget
Reduce project scope

90. Which risk response strategy involves insurance?

Transfer
Mitigate
Avoid
Accept

91. What is the purpose of a risk trigger?

Indicate risk is about to occur
Assign risk owners
Calculate risk impact
Develop risk responses

92. Which process involves implementing risk responses?

Implement Risk Responses
Monitor Risks
Plan Risk Responses
Perform Qualitative Analysis

93. What is the primary purpose of the Monitor Risks process?

Track identified risks and identify new ones
Develop risk responses
Assign risk owners
Create risk management plan

94. Which technique is used to analyze project weaknesses?

SWOT analysis
Monte Carlo simulation
Decision tree analysis
Sensitivity analysis

95. What is the purpose of a risk reassessment?

Identify new risks and reassess current ones
Change risk owners
Update risk management plan
Reallocate contingency reserves

96. Which document contains risk-related contracts?

Project documents updates
Project charter
Stakeholder register
Communication plan

97. What is the primary purpose of a risk audit?

Evaluate effectiveness of risk responses
Identify new risks
Assign risk owners
Update risk categories

98. Which technique is used to analyze fundamental causes?

Root cause analysis
Trend analysis
SWOT analysis
Assumptions analysis

99. What is the purpose of a workaround?

Respond to unanticipated risks
Reduce known risks
Transfer risks
Avoid risks

100. Which process involves defining risk management approach?

Plan Risk Management
Identify Risks
Perform Qualitative Analysis
Monitor Risks

101. What is the primary purpose of the Identify Risks process?

Document potential risks
Analyze risk probability
Develop risk responses
Assign risk owners

102. Which technique uses expert judgment anonymously?

Delphi technique
Brainstorming
Interviewing
Checklist analysis

103. What is the purpose of a risk breakdown structure?

Categorize risks
Assign risk owners
Calculate risk impacts
Develop risk responses

104. Which document contains risk appetite levels?

Risk Management Plan
Project Charter
Stakeholder Register
Communication Plan

105. What is the primary purpose of the Perform Qualitative Risk Analysis process?

Prioritize risks for further analysis
Calculate exact financial impacts
Develop risk responses
Assign risk owners

106. Which technique uses statistical sampling?

Monte Carlo simulation
SWOT analysis
Root cause analysis
Assumptions analysis

107. What is the purpose of a sensitivity analysis?

Determine most influential risks
Measure team sensitivity
Evaluate stakeholder tolerance
Assess project complexity

108. Which process involves creating risk response plans?

Plan Risk Responses
Identify Risks
Perform Qualitative Analysis
Monitor Risks

109. What is the primary purpose of a contingency reserve?

Address known risks
Cover unknown risks
Increase project budget
Reduce project scope

110. Which risk response strategy involves contractual transfer?

Transfer
Mitigate
Avoid
Accept

111. What is the purpose of a risk trigger?

Indicate risk is about to occur
Assign risk owners
Calculate risk impact
Develop risk responses

112. Which process involves executing risk response plans?

Implement Risk Responses
Monitor Risks
Plan Risk Responses
Perform Qualitative Analysis

113. What is the primary purpose of the Monitor Risks process?

Track identified risks and identify new ones
Develop risk responses
Assign risk owners
Create risk management plan

114. Which technique is used to analyze organizational weaknesses?

SWOT analysis
Monte Carlo simulation
Decision tree analysis
Sensitivity analysis

115. What is the purpose of a risk reassessment?

Identify new risks and reassess current ones
Change risk owners
Update risk management plan
Reallocate contingency reserves

116. Which document contains risk-related agreements?

Project documents updates
Project charter
Stakeholder register
Communication plan

117. What is the primary purpose of a risk audit?

Evaluate effectiveness of risk responses
Identify new risks
Assign risk owners
Update risk categories

118. Which technique is used to analyze underlying causes?

Root cause analysis
Trend analysis
SWOT analysis
Assumptions analysis

119. What is the purpose of a workaround?

Respond to unanticipated risks
Reduce known risks
Transfer risks
Avoid risks

120. Which process involves establishing risk management methodology?

Plan Risk Management
Identify Risks
Perform Qualitative Analysis
Monitor Risks

121. What is the primary purpose of the Identify Risks process?

Document potential risks
Analyze risk probability
Develop risk responses
Assign risk owners

122. Which technique uses anonymous expert consensus?

Delphi technique
Brainstorming
Interviewing
Checklist analysis

123. What is the purpose of a risk breakdown structure?

Categorize risks
Assign risk owners
Calculate risk impacts
Develop risk responses

124. Which document contains risk tolerance levels?

Risk Management Plan
Project Charter
Stakeholder Register
Communication Plan

125. What is the primary purpose of the Perform Qualitative Risk Analysis process?

Prioritize risks for further analysis
Calculate exact financial impacts
Develop risk responses
Assign risk owners

126. Which technique uses random sampling?

Monte Carlo simulation
SWOT analysis
Root cause analysis
Assumptions analysis

127. What is the purpose of a sensitivity analysis?

Determine most influential risks
Measure team sensitivity
Evaluate stakeholder tolerance
Assess project complexity

128. Which process involves developing risk response strategies?

Plan Risk Responses
Identify Risks
Perform Qualitative Analysis
Monitor Risks

129. What is the primary purpose of a contingency reserve?

Address known risks
Cover unknown risks
Increase project budget
Reduce project scope

130. Which risk response strategy involves outsourcing?

Transfer
Mitigate
Avoid
Accept

131. What is the purpose of a risk trigger?

Indicate risk is about to occur
Assign risk owners
Calculate risk impact
Develop risk responses

132. Which process involves carrying out risk response plans?

Implement Risk Responses
Monitor Risks
Plan Risk Responses
Perform Qualitative Analysis

133. What is the primary purpose of the Monitor Risks process?

Track identified risks and identify new ones
Develop risk responses
Assign risk owners
Create risk management plan

134. Which technique is used to analyze internal weaknesses?

SWOT analysis
Monte Carlo simulation
Decision tree analysis
Sensitivity analysis

135. What is the purpose of a risk reassessment?

Identify new risks and reassess current ones
Change risk owners
Update risk management plan
Reallocate contingency reserves

136. Which document contains risk-related contracts?

Project documents updates
Project charter
Stakeholder register
Communication plan

137. What is the primary purpose of a risk audit?

Evaluate effectiveness of risk responses
Identify new risks
Assign risk owners
Update risk categories

138. Which technique is used to analyze fundamental reasons?

Root cause analysis
Trend analysis
SWOT analysis
Assumptions analysis

139. What is the purpose of a workaround?

Respond to unanticipated risks
Reduce known risks
Transfer risks
Avoid risks

140. Which process involves defining how to conduct risk management?

Plan Risk Management
Identify Risks
Perform Qualitative Analysis
Monitor Risks

141. What is the primary purpose of the Identify Risks process?

Document potential risks
Analyze risk probability
Develop risk responses
Assign risk owners

142. Which technique uses expert judgment without attribution?

Delphi technique
Brainstorming
Interviewing
Checklist analysis

143. What is the purpose of a risk breakdown structure?

Categorize risks
Assign risk owners
Calculate risk impacts
Develop risk responses

144. Which document contains risk thresholds?

Risk Management Plan
Project Charter
Stakeholder Register
Communication Plan

145. What is the primary purpose of the Perform Qualitative Risk Analysis process?

Prioritize risks for further analysis
Calculate exact financial impacts
Develop risk responses
Assign risk owners

146. Which technique uses probability distributions?

Monte Carlo simulation
SWOT analysis
Root cause analysis
Assumptions analysis

147. What is the purpose of a sensitivity analysis?

Determine most influential risks
Measure team sensitivity
Evaluate stakeholder tolerance
Assess project complexity

148. Which process involves creating risk response strategies?

Plan Risk Responses
Identify Risks
Perform Qualitative Analysis
Monitor Risks

149. What is the primary purpose of a contingency reserve?

Address known risks
Cover unknown risks
Increase project budget
Reduce project scope

150. Which risk response strategy involves insurance policies?

Transfer
Mitigate
Avoid
Accept

The Pmi Rmp Pmi Risk Management Professional certification is a globally recognized credential for IT professionals. This practice test helps you prepare by covering key topics like hardware, networking, troubleshooting, and security.

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