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Free PDF 2025 PMI PMI-RMP: PMI Risk Management Professional Customizable Exam Mode

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PMI Risk Management Professional Sample Questions (Q263-Q268):

NEW QUESTION # 263
The project manager leading a company's digital signature initiative for engineering drawingshas identified threats and opportunities using a strengths, weaknesses, opportunities, and threats (SWOT) analysis.
What are two potential threats or opportunities under the SWOT analysis? (Choose two.)

A. The organization's professional engineers having reservations about possible information tampering.
B. The management team agreeing to include more resource for the digital signature initiative.
C. The growing adoption of mobile communications in the industry.
D. A growing number of competitors with digital signatures.
E. An elimination of manual steps associated with recording wet signatures

Answer: A,D

Explanation:
Explanation
SWOT analysis identifies strengths, weaknesses, opportunities, and threats. In this case, B and C are potential threats or opportunities. B is a threat as engineers' reservations may hinder the initiative, and C is an opportunity as growing competition may drive the company to improve its digital signature capabilities.

NEW QUESTION # 264
A company has a project whose objective is to extract gold reserves from Field 1. However, another field closest to the company. Field 2, which has a higher probability of having twice as much gold reserves than Field 1. The risk manager requests the board of Directors to include Field 2 under the scope of the current project by management of change because the project's profitability will increase by 80%.
What type of request is the risk manager describing?

A. A challenge to the project investment
B. A challenge to stakeholder thresholds
C. A request to increase project earnings
D. A request to increase project resources

Answer: C

Explanation:
The risk manager's request to include Field 2 in the scope of the current project is a clear attempt to increase the project's profitability by expanding its scope to a more lucrative area. This type of request is aimed at increasing project earnings, as it involves altering the project's objectives to capture a more significant financial opportunity.
According to PMI, requests that seek to modify project scope for financial gain are typically categorized as efforts to increase project earnings or revenue.

NEW QUESTION # 265
Risks with low ratings of probability and impact are included on a ____ for future monitoring.

A. Observation list
B. Risk alarm
C. Watchlist
D. Risk register

Answer: C

NEW QUESTION # 266
A risk management professional is in the process of categorizing risks when a subject matter expert (SME) suggests categorizing the risks by their impact to the project objectives. Why should the risk management professional use this approach?

A. To ensure that project priorities are being appropriately factored into risk response plans.
B. To determine there more attentive project leadership and organizational involvement is needed.
C. To assign risks and risk severities to functional discipline and departments effectively.
D. To enable the team in identifying the specific causes of risks associated with project objectives.

Answer: A

Explanation:
Explanation
Categorizing risks by their impact on project objectives ensures that risk response plans are aligned with project priorities. This helps in focusing on the most critical risks and their potential impact on the project's success.
Categorizing risks by their impact to the project objectives is a way of aligning the risk management process with the project goals and stakeholder expectations. By doing so, the risk management professional can ensure that the risk response plans are focused on the most critical aspects of the project and that the project priorities are being considered in the decision making. This approach can also help to communicate the value of risk management to the project team and the stakeholders, as they can see how the risk management activities are contributing to the project success. Categorizing risks by their impact to the project objectives does not necessarily help to identify the specific causes of risks, determine the level of project leadership and organizational involvement, or assign risks and risk severities to functional disciplines and departments. These are other possible ways of categorizing risks, but they are not the main purpose of using the impact to the project objectives approach. References: PMI-RMP Certification Handbook1, page 9; PMBOK Guide, page 415.

NEW QUESTION # 267
A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?

A. Avoidance
B. Mitigation
C. Transference
D. Exploit

Answer: C

NEW QUESTION # 268
......

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Frederick Martin Frederick Martin

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