PMP-RMP Practice Exam Questions
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|It is uncertain and based on assumptions and constraints.|
|It uses unstructured and disciplined techniques to clear uncertainty.|
|It provides an approach by which uncertainties can be understood, assessed, and managed within projects.|
|It provides inputs to project management processes.|
|Project Risk Management is an integral part all the project management processes.|
|In Risk management Practice, the project managers are the key actors in all the processes.|
|Goals and values of the organization should be the basis on which risk management is implemented.|
|Risk Management ensures a positive return on investment to all parties related to the project.|
The project management plan specifies that a predictive development approach has been selected to produce the project deliverables.
Where in the project life cycle will the overall project risk be the lowest?
(Please note that on the real PMP exam you may be asked to provide your answer by clicking the correct area in the image. But here in the simulator, we are asking you to select the answer below.)
A company is considering two projects, Alpha and Beta. Project Alpha is expected to result in a $50 million net profit, while project Beta and is expected to net $45 million. Both projects could be very lucrative and rewarding. However, the financial controller has stated that the company can only invest in one of these projects.
If project Alpha is selected, what will be the opportunity cost?
You are managing a project to build five bridges. The project consists of five sequential phases with each phase delivering one bridge.
After the first phase of the project is complete, which process group of the second phase should follow?
|Some positive or negative impact that will occur on a project|
|Something negative that will occur on a project|
|Something that may have a positive or negative impact on a project|
|An evaluation of threats on a project|
|Overestimated material costs|
|Lack of stakeholder support|
|An incomplete milestone list|
You have just taken over a project in execution. During your first week, you determine that the project team members spend a lot of time responding to unexpected requests for information from different project stakeholders. Because of these interruptions, the team cannot focus on their project activities, and as a result, the project is behind schedule.
What should you do first?
|Tell the team members to stop responding to unexpected requests since it is not the responsibility of the team|
|Push the team to respond to all the requests faster so that they can perform their assigned project activities on time|
|Ask the team to forward all stakeholder inquiries to you so that the team members can focus on their assigned tasks|
|Review the communications management plan to understand how stakeholder requests should be handled|