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PMI-RMP® · PMI · Risk Analysis · Bank updated 2026-07-03

PMI-RMP® practice questions: Risk Analysis

5 free questions from 33 on this area · answer and explanation for each · no sign-up

These 5 questions come from the Risk Analysis section of our PMI-RMP® bank (33 questions on this area, which carries 23% of the real exam). Every question is original, with the correct answer explained and linked to the source it is drawn from.

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1/5 · Risk Analysis · easy
During qualitative risk analysis, the risk management team notes that Risk A could occur within the next two weeks with a short response window, while Risk B has identical probability and impact ratings but will not occur for another 18 months. Considering urgency in addition to the P-I score is important because it:
AConverts the qualitative ranking into a quantitative expected monetary value
BReplaces the need to calculate probability and impact ratings altogether
CDetermines which risks should be transferred to a third party rather than mitigated
DHelps prioritize risks that require a near-term response even when probability and impact scores are equal
Show answer & explanation
D is correct. Urgency assessment is one of the additional qualitative risk analysis parameters (alongside data quality and categorization) that helps distinguish among risks with similar P-I scores by factoring in how soon a response is needed. It does not replace probability and impact assessment or determine response strategy selection.
↗ the PMI-RMP Examination Content Outline (January 2023) + PMI's Standard for Risk Management in Portfolios, Programs, and Projects + PMBOK Guide risk content - Risk Analysis
2/5 · Risk Analysis
A Monte Carlo simulation of the project schedule produces an S-curve showing that there is an 80% probability of completing the project by day 210. This result is best interpreted as:
AThere is an 80% likelihood, based on the simulated iterations, that the project will finish on or before day 210
BThe project will finish exactly on day 210 in 80% of the simulation runs
C80% of the identified risks will occur before day 210
DDay 210 represents the single most likely (mode) finish date for the project
Show answer & explanation
A is correct. Monte Carlo simulation results are commonly displayed as a cumulative S-curve; a stated 80% value at day 210 means 80% of the simulated iterations completed on or before that date, giving an 80% confidence level in that finish date, not a statement about the mode or about individual risk occurrences.
↗ the PMI-RMP Examination Content Outline (January 2023) + PMI's Standard for Risk Management in Portfolios, Programs, and Projects + PMBOK Guide risk content - Risk Analysis
3/5 · Risk Analysis
A risk analysis reveals that accepting a proposed design change to avoid a technical threat would keep the schedule and cost baseline intact, but would reduce the durability of the final product below the specification requirement. Which project constraint would be most directly impacted?
ASchedule
BCost
CQuality
DScope
Show answer & explanation
C is correct. When a risk response causes a deliverable to fall below its specified performance standard, such as durability, the impact is on the quality objective, distinct from scope (deliverable content), schedule, and cost, both of which are explicitly stated as unaffected in this scenario.
↗ the PMI-RMP Examination Content Outline (January 2023) + PMI's Standard for Risk Management in Portfolios, Programs, and Projects + PMBOK Guide risk content - Risk Analysis
4/5 · Risk Analysis
A tornado diagram built from a project cost model shows the bar for 'labor rate escalation' extending much farther across the chart than the bars for 'material cost' and 'permit fee,' which are comparatively short. What does the length of the labor rate bar indicate to the risk manager?
ALabor rate escalation must represent the single largest line item in the project's baseline budget
BLabor rate escalation is inversely correlated with the project's schedule performance
CLabor rate escalation has a greater influence on the variability of the total project cost outcome than the other variables tested
DLabor rate escalation is the risk with the highest probability of actually occurring
Show answer & explanation
C is correct. Sensitivity analysis, typically displayed as a tornado diagram, holds all other variables constant while varying one at a time to see its effect on the output (e.g., total cost or duration). Bars are ranked from longest to shortest, so the longest bar identifies the variable with the greatest influence on outcome variability, guiding where response planning and further data-gathering effort should focus.
↗ the PMI-RMP Examination Content Outline (January 2023) + PMI's Standard for Risk Management in Portfolios, Programs, and Projects + PMBOK Guide risk content — Risk Analysis
5/5 · Risk Analysis
Before assigning probability and impact ratings, a risk practitioner reviews how complete, precise, reliable, and free from bias the underlying information about each risk is. Which qualitative technique is being applied?
ARisk urgency assessment
BRisk categorization
CRisk probability and impact assessment
DRisk data quality assessment
Show answer & explanation
D is correct. Risk data quality assessment is a distinct qualitative technique that examines completeness, precision, reliability, and integrity of risk-related information before ratings are trusted for prioritization. Low-quality data may prompt the team to gather more information rather than rely on the initial probability and impact scores.
↗ the PMI-RMP Examination Content Outline — Risk Analysis
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Other PMI-RMP® areas

The same kind of free sample for every other section of the PMI-RMP® bank:

Risk Strategy and Planning32 qRisk Identification33 qRisk Response23 qMonitor and Close Risks29 q

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