NEW PMI-RMP TEST GUIDE | PMI-RMP ACTUAL TESTS

New PMI-RMP Test Guide | PMI-RMP Actual Tests

New PMI-RMP Test Guide | PMI-RMP Actual Tests

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Tags: New PMI-RMP Test Guide, PMI-RMP Actual Tests, Exam PMI-RMP Fee, PMI-RMP Reliable Exam Camp, Hot PMI-RMP Questions

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To be eligible for the PMI-RMP certification exam, candidates must have a minimum of 3,000 hours of experience in project risk management and 30 hours of formal risk management education. Alternatively, candidates can have a bachelor's degree or higher and 2,000 hours of experience in project risk management and 30 hours of formal risk management education. Once eligible, candidates must pass a rigorous exam that tests their knowledge of risk management concepts, tools, and techniques. Successful candidates earn the PMI-RMP Certification, which is recognized globally as a mark of excellence in risk management.

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PMI-RMP Actual Tests | Exam PMI-RMP Fee

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PMI Risk Management Professional Sample Questions (Q88-Q93):

NEW QUESTION # 88
Consider the risk probability-impact matrix in the figure given below:

If Risk B happens in this project, how much will be left in the contingency reserve?

  • A. -$334,500
  • B. $148,300
  • C. It depends on the total budget of the project.
  • D. $193,500

Answer: D


NEW QUESTION # 89
A project team has completed the risk identification steps in a project and compiled a list of 25 risks. The team wants to create response plans for all the risks to avoid any future issues, but the resources and constraints limit the options.
What should the risk manager do?

  • A. Perform a constraint analysis.
  • B. Perform a root-cause analysis.
  • C. Perform a qualitative risk analysis.
  • D. Perform a sensitivity analysis.

Answer: C

Explanation:
With 25 identified risks, and considering the constraints and resources available, the appropriate next step is to perform a qualitative risk analysis. This process helps prioritize the risks based on their probability and impact, as well as other relevant factors like urgency, proximity, and detectability. By doing so, the team can focus on the most significant risks that require immediate attention and develop response plans accordingly, optimizing the use of available resources. PMI recommends this approach to ensure that risk management efforts are both efficient and effective in addressing the most critical risks first.


NEW QUESTION # 90
Joan is the project manager of the BTT project for her company. She has worked with her project to create risk responses for both positive and negative risk events within the project. As a result of this process Joan needs to update the project document updates. She has updated the assumptions log as a result of the findings and risk responses, but what other documentation will need to be updated as an output of risk response planning?

  • A. Risk Breakdown Structure
  • B. Lessons learned
  • C. Technical documentation
  • D. Scope statement

Answer: C


NEW QUESTION # 91
A risk manager is reviewing documentation for a project following a risk planning workshop with project stakeholders and team members. Several items have been identified on the risk log that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur.
Which response should the risk manager recommend for these risk items?

  • A. Accept
  • B. Mitigate
  • C. Enhance
  • D. Exploit

Answer: A

Explanation:
According to the PMI Risk Management Professional (PMI-RMP)® Examination Content Outline1, one of the tasks in the domain of Risk Response is to recommend risk response strategies based on the risk appetite and tolerance of the organization and stakeholders1. One of the strategies for negative risks or threats is risk acceptance, which involves acknowledging the existence of a threat and making a conscious decision to accept it without taking any action2. In this scenario, the risk manager should recommend risk acceptance for the risk items that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur. Risk acceptance is appropriate when the risk exposure is low, the cost of other responses is high, or the risk response is outside the scope or influence of the project3. The risk manager should not recommend risk mitigation, which involves reducing the probability and/or impact of a threat2. The risk manager should not recommend risk enhancement, which is a strategy for positive risks or opportunities, not negative risks or threats2. The risk manager should not recommend risk exploitation, which is also a strategy for positive risks or opportunities, not negative risks or threats2. References: 1: PMI Risk Management Professional (PMI-RMP)® Examination Content Outline, page 102: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, page 4363: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, page 437.


NEW QUESTION # 92
During a project meeting, the project sponsor asks to close a project risk. The team does not recommend closing the risk because it is expected to be present in the next phase of the project work.
How should the risk manager address this concern?

  • A. Compare the actual data with the historical data.
  • B. Compare the actual data with the risk baseline.
  • C. Compare the actual data with the project sponsor's expectation.
  • D. Compare the actual data with the subject matter expert (SME) criteria.

Answer: B


NEW QUESTION # 93
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