PMI-RMP Practice Test 9 — 10 Questions

Question 1

You are performing a risk-adjusted schedule analysis using a 'Correlation Coefficient' between two tasks. What does a value of -0.8 indicate?

Accepted Answer

As one task duration increases, the other tends to decrease.. A strong negative correlation (-0.8) means that as the duration of one task increases, the duration of the other tends to decrease significantly.

Answer

The two tasks are perfectly independent.

Answer

The correlation is too weak to be significant.

Answer

The tasks will always finish at the same time.

Question 2

Which THREE factors should be considered when assessing the impact of a risk?

Accepted Answer

Technical performance degradation. Impact can be measured across cost, schedule, and technical/quality performance.

Answer

Personnel vacation schedule

Answer

Office supply availability

Question 3

In a risk-adjusted schedule simulation, you want to see the impact of resource unavailability. Which feature should you enable?

Accepted Answer

Enable 'Resource Calendars' in the simulation settings.. Resource-driven duration allows the simulation to reflect how resource availability constraints directly affect task duration during each iteration.

Answer

Set all task priorities to 'High'.

Answer

Disable the 'Critical Path Method' (CPM) engine.

Answer

Increase the 'Buffer' duration.

Question 4

Which TWO inputs are required to properly tailor a risk management methodology?

Accepted Answer

Organizational Process Assets (OPAs).. Tailoring requires understanding both the environment (enterprise) and the specific project needs (context).

Answer

The project team's lunch schedule.

Answer

The project's social media account.

Answer

The office location.

Question 5

You are analyzing a decision tree in a project management software. A node shows a probability of 0.3 for a failure costing $100k, and 0.7 for success costing $20k. If the decision to proceed costs $10k, what is the correct Expected Monetary Value (EMV)?

Accepted Answer

$54,000. EMV = (Probability * Cost) + Decision Cost. (0.3 * 100,000) + (0.7 * 20,000) + 10,000 = 30,000 + 14,000 + 10,000 = 54,000.

Answer

$44,000

Answer

$60,000

Answer

$34,000

Question 6

Which THREE elements are necessary for a high-quality quantitative risk analysis?

Accepted Answer

High-quality, verified data inputs. Reliable data, appropriate models, and expert input are the cornerstones of quantitative analysis.

Answer

Participation of all company employees

Answer

Unlimited project budget

Question 7

In a decision tree analysis, what occurs if you 'fold back' the decision tree?

Accepted Answer

You determine the optimal path by selecting the branch with the best EMV at each decision node.. Folding back involves calculating the EMV for each chance node and choosing the alternative at each decision node that maximizes the expected value (or minimizes cost).

Answer

You reset the probabilities of all chance nodes to zero.

Answer

You assign risk scores to each decision alternative.

Answer

You calculate the probability of each branch ending in failure.

Question 8

Which TWO of the following are essential components of a robust Risk Management Plan?

Accepted Answer

Roles and responsibilities for risk management.. A complete plan must define both the methodology (how we do it) and the roles (who does it).

Answer

The current project budget.

Answer

A list of all project vendors.

Answer

Detailed project schedule.

Question 9

You are auditing a project and find that the Risk Management Plan was never socialized with the project team. What is the most significant risk of this situation?

Accepted Answer

Risks will not be identified or reported consistently throughout the project.. Without team awareness of the methodology, risk identification and reporting will be inconsistent or non-existent.

Answer

The team will be confused about their project roles.

Answer

The project sponsor will be unhappy.

Answer

The project will be over budget immediately.

Question 10

You are selecting a risk management methodology for a high-security government project. Which factor is most important to consider?

Accepted Answer

The level of formal governance, documentation, and compliance required.. High-security environments require strict documentation, audit trails, and formal approval processes for all risk activities.

Answer

The cost of the software tools used.

Answer

The speed of risk identification.

Answer

The flexibility to change the process daily.