PMI-RMP Practice Test 2 — 10 Questions

Question 1

Which section of the 'Risk Register' is most important for monitoring the status of a specific risk?

Accepted Answer

Risk Status. The status field explicitly states whether a risk is active, closed, or deferred.

Answer

Risk ID

Answer

Risk Description

Answer

Owner

Question 2

Which THREE items should be included in a 'Risk Audit' report to project governance?

Accepted Answer

Summary of audit findings. Audit findings, recommendations, and process status are essential for governance review.

Answer

The cost of the audit consultant

Answer

The internal team's lunch schedule

Question 3

During planning, you identify that your project relies on a 'Single Point of Failure' (SPOF) in the supply chain. What is the best strategy to integrate into your plan?

Accepted Answer

Add the SPOF to the risk register with a mitigation strategy to develop secondary suppliers.. Risk strategy for critical dependencies must include proactive mitigation and contingency planning.

Answer

Reduce the project scope immediately.

Answer

Accept the risk and hope it does not materialize.

Answer

Ignore the risk because it is external.

Question 4

When interpreting the results of a cost simulation, what does the 'Distribution' (histogram) tell you that a 'Mean' value does not?

Accepted Answer

The frequency and probability of different cost outcomes.. The distribution provides the range and shape of potential outcomes, including the likelihood of extreme events, whereas the mean is just a single point of average performance.

Answer

The total project budget.

Answer

The accuracy of the initial estimation team.

Answer

The specific task that causes the budget overrun.

Question 5

Which TWO of the following are essential components of a formal 'Risk Report' provided to project stakeholders?

Accepted Answer

Summary of top risks by impact. A, B are standard reporting components; C, D, E are either too granular, confidential, or irrelevant.

Answer

Personal performance reviews of risk owners

Answer

Full list of all individual risk task assignments

Answer

Detailed log of every risk register edit

Question 6

You are presenting a risk report. The sponsor points out that a specific risk was closed, but the cost impact was never updated. What is the correct way to handle this during reporting?

Accepted Answer

Update the record with actuals and apologize for the reporting gap. Acknowledge the oversight, update the register with the actual cost impact, and report the revised total at the next cycle.

Answer

Suggest the sponsor look at the Issues Log instead

Answer

Blame the Risk Owner for the missing data

Answer

Argue that cost updates are not required for closed risks

Question 7

When a 'Risk Trigger' occurs, what must be updated in the PMIS immediately?

Accepted Answer

The Risk Status and the Issue Log. Updating the status from 'Risk' to 'Issue' ensures the problem is managed with appropriate urgency.

Answer

The Project Scope Statement

Answer

The Stakeholder Register

Answer

The Resource Plan

Question 8

Which THREE elements are essential when documenting a 'Risk Trigger' in the register?

Accepted Answer

The data source used to verify the trigger. The trigger condition, the indicator source, and the required action are necessary for a complete trigger definition.

Answer

The phone number of the sponsor

Answer

The font style of the register entry

Question 9

Which THREE factors are primary triggers for conducting an unscheduled 'Risk Reassessment'?

Accepted Answer

Completion of a major project milestone. Significant project changes, major milestones, and failure of mitigation plans trigger reassessments.

Answer

Change in the administrative assistant of the team

Answer

Daily routine status meetings

Question 10

When monitoring risk triggers, what is the primary purpose of a 'Risk Trigger' threshold field in your project management software?

Accepted Answer

To provide an objective indicator that a risk is about to occur. Thresholds provide objective criteria for when a risk response plan should be activated.

Answer

To automate the closure of the risk entry

Answer

To define the escalation path for the project manager

Answer

To notify the finance department of budget changes