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Free PMI-RMP Practice Questions

10 free, exam-style PMI Risk Management Professional (PMI-RMP) practice questions with answers and explanations. No signup required. Work through them below, then take the full free PMI-RMP practice test to study every exam domain.

Question 1

A project team decides to use two vendors instead of one for a critical component, so if one vendor fails, the other can deliver. This strategy BEST represents:

  1. Acceptance with a contingency plan
  2. Mitigation through redundancy
  3. Avoidance of vendor dependency
  4. Transfer of risk to vendors
Show answer & explanation

Correct answer: B - Mitigation through redundancy

Question 2

The CRITICAL difference between secondary risk and residual risk is:

  1. Secondary risk is a NEW risk from implementing a response; residual risk is REMAINING exposure after response
  2. Secondary risk occurs before response implementation; residual risk occurs during implementation
  3. Secondary risk affects project scope; residual risk affects project timeline
  4. Secondary risk requires immediate escalation; residual risk can be monitored
Show answer & explanation

Correct answer: A - Secondary risk is a NEW risk from implementing a response; residual risk is REMAINING exposure after response

Question 3

A project has three identified risks: Threat A (40% × $150K = -$60K), Threat B (20% × $300K = -$60K), and Opportunity C (50% × $80K = +$40K). The total project EMV is:

  1. -$60,000
  2. -$80,000
  3. -$120,000
  4. -$160,000
Show answer & explanation

Correct answer: B - -$80,000

Question 4

A project assumes that: (1) the API specification will be finalized by March 1, (2) development can start immediately after specification, and (3) testing requires the completed development. If assumption #1 fails and the specification is delayed 6 weeks, the cascade effect is:

  1. A 6-week delay that can be mitigated through parallel development activities
  2. No significant impact since testing phases can begin with preliminary specifications
  3. A cascade delay affecting specification, development, and testing sequentially
  4. Only a 6-week delay contained within the specification and early development phases
Show answer & explanation

Correct answer: C - A cascade delay affecting specification, development, and testing sequentially

Question 5

A project's SPI has declined over 4 consecutive periods: 1.02, 0.98, 0.93, 0.87. The risk manager should:

  1. Flag the accelerating schedule deterioration as a critical risk and recommend corrective action
  2. Implement fast-tracking techniques to compress the remaining project schedule activities
  3. Escalate to the project sponsor for additional resources and budget allocation
  4. Document the variance trend and continue monitoring without immediate intervention
Show answer & explanation

Correct answer: A - Flag the accelerating schedule deterioration as a critical risk and recommend corrective action

Question 6

Which of the following is a correctly formed risk statement using the condition-cause-effect format?

  1. The vendor might cause problems
  2. Testing risks exist on this project
  3. Because of inexperienced team, integration testing may reveal defects, delaying the project
  4. The project will be late
Show answer & explanation

Correct answer: C - Because of inexperienced team, integration testing may reveal defects, delaying the project

Question 7

Three key stakeholders have different risk appetites: the sponsor wants aggressive innovation (high appetite), the compliance officer requires conservative approaches (low appetite), and the customer wants on-time delivery above all (moderate appetite). The risk manager should:

  1. Calculate a weighted average of the three appetites based on each stakeholder's organizational influence and decision-making authority
  2. Facilitate a discussion to align on agreed thresholds per dimension, documenting trade-offs and gaining formal agreement
  3. Implement the most restrictive appetite across all risk categories to ensure comprehensive stakeholder satisfaction and regulatory compliance
  4. Prioritize the sponsor's risk preferences given their project ownership and ultimate accountability for business outcomes and resource allocation
Show answer & explanation

Correct answer: B - Facilitate a discussion to align on agreed thresholds per dimension, documenting trade-offs and gaining formal agreement

Question 8

A risk manager evaluates three possible response strategies for a high-priority threat. Strategy A costs $40K and reduces risk exposure by $200K. Strategy B costs $80K and reduces exposure by $250K. Strategy C costs $150K and reduces exposure by $260K. Which offers the BEST value?

  1. All three strategies are equally valuable
  2. Strategy A because it has the most efficient cost-to-benefit ratio
  3. Strategy B as a balance between cost and reduction
  4. Strategy C because it reduces the most risk overall
Show answer & explanation

Correct answer: B - Strategy A because it has the most efficient cost-to-benefit ratio

Question 9

A risk manager monitors the ratio of actual contingency used versus the proportion of project completed. At 50% project completion, 70% of contingency has been consumed. This ratio indicates:

  1. Efficient contingency management
  2. Contingency is being consumed faster than project progress
  3. Normal consumption pattern for this project phase
  4. The contingency was oversized for project needs
Show answer & explanation

Correct answer: B - Contingency is being consumed faster than project progress

Question 10

During qualitative analysis, a risk is assessed as having very low probability (1) but catastrophic impact (5), giving a score of 5 - placing it in the Green zone. The risk manager should:

  1. Accept the Green classification and place it on the watchlist
  2. Remove the risk since its score is low
  3. Override the matrix using professional judgment for catastrophic risks
  4. Increase the probability to move it to the Red zone
Show answer & explanation

Correct answer: C - Override the matrix using professional judgment for catastrophic risks

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