Tuesday, January 09, 2024

20 NEW PMI-RMP Multi-Response Free Questions and Answers (Part - 1)

The Risk Management Professional (RMP®) exam from PMI® has various types of questions, including the multi-response questions. Indeed, if you are appearing for the latest RMP exam in 2024 and beyond, then you will face both multi-choice and multi-response questions. There is a subtle difference between the two.

Multi-choice questions: There will be four radio-button choices. ONLY one of the choices will be correct. I call it single-response, multi-choice question. These questions are relatively not that difficult. But considering PMI, the standard will be high. 

Multi-response questions: There will be usually five choices with check-boxes on the left, where you can select the right answers. In this case, there will be more than one correct answer. I call these multi-response, multi-choice questions. These are also called mutli-answer questions. These questions, compared to multi-choice questions, will be relatively difficult. 

These questions are taken from the following courses and book:

To answer these questions, you need to have:

  • Understanding of the Standard for Risk Management in Portfolios, Programs and Project. This is the main reference for the RMP exam.
  • Understanding on the concepts of uncertainties, complexties, ambiguities and risks from both PMBOK Guide 7th edition and PMBOK 6th edition. Yes, PMBOK 7th edition is an explicit reference for the latest RMP exam!
  • Ability to apply your understanding in the real-world in a varieties of situations and scenarios.
  • Good understanding of the PMI-RMP exam content outline (ECO), the latest one released in March/April 2022.

In this part, we will have 10 such multi-answer/response (or multi-response, multi-choice) questions. 

You will be seeing such questions for the first time. As noted earlier, RMP exam takers are already facing such questions. 

I hope you enjoy doing the questions and it helps in your PMI-RMP exam.

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Question – 1: One of the principles of risk management is to foster a culture to embrace risk management. Such a culture: (choose two)

A. Identifies threats rather than ignoring them.
B. Identifies opportunities rather than ignoring them.
C. Identifies opportunities by cultivating a positive mindset within an organization.
D. Identifies both threats and opportunities by allocating the right resources.
E. Focuses on most impactful risks first.

Question – 2: Which of the following are not correct about risk attitude (choose two)?

A. Driven by perception and evidenced by observable behavior.
B. Must range from risk seeking to risk averse.
C. Individuals will have inconsistent attitudes towards risks.
D. Not always stable or homogenous.
E. It's the degree to which an individual accepts risks in anticipation of reward.

Question – 3: A risk manager and team members are identifying various sources of uncertainties at the individual project task level and also overall project level. While doing so, they are currently focusing on the quantitative assessment of various project constraints such as cost, schedule, scope, quality among others. Which of the following cannot be inputs for this purpose (choose two)?

A. Cost estimates.
B. Duration estimates.
C. Requirement estimates.
D. Resource estimates.
E. Resource requirements.

Question – 4: Risk management planning process is not only important from the process perspective, but also strategy perspectives. Which of the following are not the purposes of this process (choose two)?

A. Gain a better understanding of individual risks. 
B. Have a numerical estimate of the overall effect of risk on the objectives.
C. Develop the overall risk management strategy.
D. Decide how the risk management processes will be executed. 
E. Integrate risk management with all other activities.

Question – 5: Considering team members are new to the project and risk management is quite new, which of the following are the key success factors for risk identification (choose two)?

A. Risks linked to objectives.
B. Agreed upon definition of risk terms.
C. Complete risk statement.
D. Appropriate risk data model. 
E. Available resources, budget and schedule for responses.

Question – 6: Considering risk owner and risk action owner, which are not correct? (choose two)

A. Risk owner is responsible for monitoring the risk.
B. Risk owner is responsible for selecting and implementing an appropriate risk response strategy.
C. Risk action owner reports the risk owner about the status of the risk response actions.
D. Risk action owner is responsible for finding out the effectiveness of a response.
E. Risk action owner owns the response actions, whereas risk response owner owns the response.

Question – 7: A project has been following the project management body of knowledge (PMBOK) guide's process group model of initiating to closing to manage a project, of which risk management is an integral part. Considering the planning process group of the five process groups, which of the following are considered?

A. Understanding of high-level risks that might impact project objectives.
B. Selection of overall risk management approach for the project.
C. Risk management integration with quality management and execution of stakeholder engagement strategies.
D. Risk management being part of every process in the planning process group.
E. Handing over the remaining known risks prior to closure of the project.

Question – 8: A risk manager is evaluating the effectiveness of risk management processes as documented in the risk management plan. The purposes of the audit can be (choose two):

A. Risk management rules are being carried out as specified.
B. Residual risks response planning is properly taken. 
C. Risk management strategy is iterative and integrative.
D. Risk management related lessons are documented properly. 
E. Risk management rules are adequate for monitoring and controlling the work.

Question – 9: The risk breakdown structure (RBS) is a hierarchical framework of potential sources of risk and used in risk identification. RBS can be used for all of the following situations, except (choose two):

A. Can be used in association with brainstorming.
B. Ensures coverage of all types of risk. 
C. Lowest level of RBS is known as the risk package.
D. Tests for blind spots or emissions.
E. Used for evaluating current risks as well as identifying new risks.

Question – 10: In a meeting for risk identification, the risk manager wants to allow all participants to speak their mind and contribute to the discussion. This is to identify as many risks as possible and to stimulate creativity. Which of the following tools and/techniques will help the risk manager the most (choose two)?

A. Brainstorming.
B. Checklist.
C. Prompt list.
D. Document analysis.
E. Delphi technique.

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The question set is available in the embedded document below. The answers are also part of this document. You can scroll to see the content. 

For all answers, subscribe to this site and send a mail (from your GMail id) to managementyogi@gmail.com.

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