PMI-RMP PRACTICE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2026 Q&A | INSTANT DOWNLOAD PDF
Core Domains
Risk Strategy and Planning
Stakeholder Engagement
Risk Process Facilitation
Risk Monitoring and Reporting
Perform Specialized Risk Analyses
Risk Identification and Assessment
Risk Response Development and Implementation
Ethics and Professional Standards in Risk Management
Introduction
This practice assessment is designed to prepare candidates for the PMI Risk Management Professional (PMI-
RMP) certification exam. The exam evaluates your ability to apply risk management principles across the
project lifecycle, including strategic planning, stakeholder engagement, risk analysis, response planning, and
monitoring. The assessment consists of multiple-choice and scenario-based questions that emphasize real-
world application, critical thinking, and professional decision-making. Candidates will demonstrate
competency in identifying threats and opportunities, conducting qualitative and quantitative analysis,
developing appropriate response strategies, and maintaining effective risk communication with stakeholders.
,Section One: Questions 1–100
Question 1
A project manager is developing the risk management plan for a new construction project. Which of the
following should be established FIRST during the risk strategy and planning phase?
A. The risk breakdown structure (RBS)
B. The risk appetite and thresholds for the project
C. The list of identified risks
D. The risk response strategies
🟢 Correct answer: B
🔴 RATIONALE: Risk appetite and thresholds must be established first because they define the organization's
tolerance for risk and guide all subsequent risk management activities, including identification, analysis, and
response planning.
Question 2
During a stakeholder meeting, a key stakeholder expresses concern about a potential delay in vendor delivery.
What should the project manager do FIRST to engage this stakeholder effectively?
A. Update the risk register with the vendor delay risk
B. Ask the stakeholder to describe their concerns and position regarding the potential delay
C. Develop a contingency plan for the vendor delay
D. Notify the project sponsor about the stakeholder's concern
,🟢 Correct answer: B
🔴 RATIONALE: According to PMI-RMP stakeholder engagement tasks, the project manager should first
engage stakeholders by communicating to understand their positions and opinions regarding project output,
ensuring their interests are considered in the risk management process.
Question 3
Which risk analysis technique is MOST appropriate for ranking risks based on their probability and impact
without using numerical values?
A. Monte Carlo simulation
B. Sensitivity analysis
C. Probability and impact matrix
D. Decision tree analysis
🟢 Correct answer: C
🔴 RATIONALE: A probability and impact matrix is used for qualitative risk analysis to rank risks based on
probability and impact without requiring numerical values, making it suitable for initial risk prioritization.
Question 4
A project team identifies a risk that could result in a $50,000 cost overrun with a 30% probability. What is the
expected monetary value (EMV) of this risk?
, A. $15,000
B. $35,000
C. $50,000
D. $65,000
🟢 Correct answer: A
🔴 RATIONALE: EMV is calculated as probability × impact: 0.30 × $50,000 = $15,000. This quantitative
analysis technique helps determine the average outcome when the future includes scenarios that may or may
not happen.
Question 5
Which of the following is a CORRECT example of a risk statement using the three-part format?
A. "The vendor might deliver late, causing project delays."
B. "Due to inexperienced vendors, the deliverable may be late, resulting in schedule delays."
C. "Late vendor delivery is a problem that needs to be addressed."
D. "We are worried about vendor delays affecting the project."
🟢 Correct answer: B
🔴 RATIONALE: A proper three-part risk statement includes: (1) cause (inexperienced vendors), (2)
uncertainty/risk event (deliverable may be late), and (3) effect (resulting in schedule delays).
Question 6
When performing a Monte Carlo simulation for project schedule risk analysis, what is the primary output?
RATIONALES 2026 Q&A | INSTANT DOWNLOAD PDF
Core Domains
Risk Strategy and Planning
Stakeholder Engagement
Risk Process Facilitation
Risk Monitoring and Reporting
Perform Specialized Risk Analyses
Risk Identification and Assessment
Risk Response Development and Implementation
Ethics and Professional Standards in Risk Management
Introduction
This practice assessment is designed to prepare candidates for the PMI Risk Management Professional (PMI-
RMP) certification exam. The exam evaluates your ability to apply risk management principles across the
project lifecycle, including strategic planning, stakeholder engagement, risk analysis, response planning, and
monitoring. The assessment consists of multiple-choice and scenario-based questions that emphasize real-
world application, critical thinking, and professional decision-making. Candidates will demonstrate
competency in identifying threats and opportunities, conducting qualitative and quantitative analysis,
developing appropriate response strategies, and maintaining effective risk communication with stakeholders.
,Section One: Questions 1–100
Question 1
A project manager is developing the risk management plan for a new construction project. Which of the
following should be established FIRST during the risk strategy and planning phase?
A. The risk breakdown structure (RBS)
B. The risk appetite and thresholds for the project
C. The list of identified risks
D. The risk response strategies
🟢 Correct answer: B
🔴 RATIONALE: Risk appetite and thresholds must be established first because they define the organization's
tolerance for risk and guide all subsequent risk management activities, including identification, analysis, and
response planning.
Question 2
During a stakeholder meeting, a key stakeholder expresses concern about a potential delay in vendor delivery.
What should the project manager do FIRST to engage this stakeholder effectively?
A. Update the risk register with the vendor delay risk
B. Ask the stakeholder to describe their concerns and position regarding the potential delay
C. Develop a contingency plan for the vendor delay
D. Notify the project sponsor about the stakeholder's concern
,🟢 Correct answer: B
🔴 RATIONALE: According to PMI-RMP stakeholder engagement tasks, the project manager should first
engage stakeholders by communicating to understand their positions and opinions regarding project output,
ensuring their interests are considered in the risk management process.
Question 3
Which risk analysis technique is MOST appropriate for ranking risks based on their probability and impact
without using numerical values?
A. Monte Carlo simulation
B. Sensitivity analysis
C. Probability and impact matrix
D. Decision tree analysis
🟢 Correct answer: C
🔴 RATIONALE: A probability and impact matrix is used for qualitative risk analysis to rank risks based on
probability and impact without requiring numerical values, making it suitable for initial risk prioritization.
Question 4
A project team identifies a risk that could result in a $50,000 cost overrun with a 30% probability. What is the
expected monetary value (EMV) of this risk?
, A. $15,000
B. $35,000
C. $50,000
D. $65,000
🟢 Correct answer: A
🔴 RATIONALE: EMV is calculated as probability × impact: 0.30 × $50,000 = $15,000. This quantitative
analysis technique helps determine the average outcome when the future includes scenarios that may or may
not happen.
Question 5
Which of the following is a CORRECT example of a risk statement using the three-part format?
A. "The vendor might deliver late, causing project delays."
B. "Due to inexperienced vendors, the deliverable may be late, resulting in schedule delays."
C. "Late vendor delivery is a problem that needs to be addressed."
D. "We are worried about vendor delays affecting the project."
🟢 Correct answer: B
🔴 RATIONALE: A proper three-part risk statement includes: (1) cause (inexperienced vendors), (2)
uncertainty/risk event (deliverable may be late), and (3) effect (resulting in schedule delays).
Question 6
When performing a Monte Carlo simulation for project schedule risk analysis, what is the primary output?
