PMI-RMP Practice Test 6 — 10 Questions

Question 1

You are using a Risk Register template. Which field is most useful for tracking the 'Risk Reassessment' frequency?

Accepted Answer

Next Review Date. A 'Next Review Date' field allows for automated tracking and scheduling of reassessments.

Answer

Risk Owner

Answer

Risk ID

Answer

Contingency Budget

Question 2

When reporting risk data to a global team, what is the biggest challenge for the project manager regarding risk data quality?

Accepted Answer

Subjectivity in risk assessment across different regions. Different cultural and professional interpretations of 'probability' and 'impact' can lead to inconsistent risk data.

Answer

Software language compatibility

Answer

Email communication delays

Answer

Time zone differences for reporting meetings

Question 3

What is the primary function of a 'Risk Dashboard' compared to a 'Risk Register'?

Accepted Answer

Dashboards offer visual summaries and trends for executive review. Dashboards provide visual summaries for decision-making, while the register holds the detailed data.

Answer

Dashboards provide full historical logs of all changes

Answer

Dashboards replace the need for the Risk Register

Answer

Dashboards store raw data for quantitative analysis

Question 4

You are configuring a risk dashboard in a PMIS. Stakeholders need to see the 'Risk Burn-down' trend. Which data point must be tracked consistently to enable this report?

Accepted Answer

Aggregate risk exposure value. A burn-down requires consistent tracking of the sum of risk exposure over time.

Answer

Owner assignment frequency

Answer

Total number of risks identified

Answer

Number of risk responses completed

Question 5

Which TWO items should you check to verify if a risk is being monitored appropriately?

Accepted Answer

The 'Last Updated' date in the Risk Register. The Risk Management Plan and the Risk Register indicate the monitoring frequency and current status.

Answer

The weather forecast at the office location

Answer

The number of hours the team works

Answer

The color of the project binder

Question 6

You notice that the 'Residual Risk' is higher than the 'Inherent Risk' after mitigation. What does this suggest?

Accepted Answer

The mitigation strategy may have introduced secondary risks. If residual risk is higher, the mitigation strategy may be introducing new threats or failing to address the primary risk.

Answer

The risk is now fully accepted

Answer

The mitigation was highly successful

Answer

The project is complete

Question 7

In a project, you are facilitating a risk workshop. You discover that a risk has been mitigated, but the residual risk remains high. What is the next logical step?

Accepted Answer

Document the residual risk in the risk register. If the residual risk is still above the threshold, further mitigation or acceptance is required.

Answer

Assign a new risk owner

Answer

Remove the risk from the risk register

Answer

Close the risk

Question 8

Which document is the primary output of the risk identification process?

Accepted Answer

Risk Register. The risk register is the central document where identified risks are recorded.

Answer

Lessons Learned Register

Answer

Risk Management Plan

Answer

Risk Report

Question 9

Which THREE criteria are used to perform a 'Risk Data Quality Assessment'?

Accepted Answer

Reliability of the data. Data quality is assessed based on understanding, accuracy, and reliability.

Answer

Total volume of data

Answer

Color of the spreadsheet cells

Question 10

When configuring a simulation in Oracle Primavera Risk Analysis, what is the impact of checking the 'Correlate Task Durations' option?

Accepted Answer

It enables the model to reflect that specific tasks may fluctuate together.. Correlating task durations allows the user to link the uncertainty of one task to another, reflecting real-world dependencies where a delay in one area often leads to delays in related areas.

Answer

It reduces the number of iterations required for convergence.

Answer

It forces all tasks to have the same duration.

Answer

It automatically removes all risk events from the schedule.