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PRMP Project Risk Management Professional

  • AACE International
  • 68 practice questions
  • Updated Oct 2026
  • 5 free sample questions

About this exam

PRMP is the AACE International exam Project Risk Management Professional. Practice material is available as a PDF, an interactive practice test or a bundle of both.

Exam code
PRMP
Vendor
AACE International
Practice questions
68
Questions with an explanation
68 of 68
Free sample questions
5
Question bank last updated
10 Oct 2026

Try 2 sample questions

Taken from the free sample set for PRMP.

Question 1

A project manager wants to rank risks quickly using probability and impact before selecting risks for detailed quantitative analysis. Which process should be performed?


  1. Option A:
    Contract closeout
  2. Option B:
    Monte Carlo simulation only
  3. Option C:
    Qualitative risk analysis 
  4. Option D:
    Final account reconciliation
Show answer and explanation

Correct answer: C

Qualitative risk analysis prioritizes risks using probability, impact, urgency, and other ranking factors. It is
normally performed before quantitative analysis because it helps determine which risks deserve more
detailed modeling. The result may include risk rankings, risk owners, and risks requiring immediate
response planning.

Question 2

A project has an Earned Value of $360,000 and an Actual Cost of $450,000. What is the Cost
Performance Index?

  1. Option A:
    0.80 
  2. Option B:
    1.25 
  3. Option C:
    0.20 
  4. Option D:
    1.80
Show answer and explanation

Correct answer: A

Cost Performance Index is calculated as CPI = EV ÷ AC. Here, CPI = $360,000 ÷ $450,000 = 0.80. A CPI below 1.0 means the project is over budget because the value earned is less than the cost spent. CPI is commonly used to identify cost performance risk.

See all 5 free sample questions