PMI-RMP BEST PRACTICE - PASS GUARANTEED QUIZ 2025 PMI-RMP: FIRST-GRADE PMI RISK MANAGEMENT PROFESSIONAL RELIABLE BRAINDUMPS BOOK

PMI-RMP Best Practice - Pass Guaranteed Quiz 2025 PMI-RMP: First-grade PMI Risk Management Professional Reliable Braindumps Book

PMI-RMP Best Practice - Pass Guaranteed Quiz 2025 PMI-RMP: First-grade PMI Risk Management Professional Reliable Braindumps Book

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PMI Risk Management Professional Sample Questions (Q47-Q52):

NEW QUESTION # 47
Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks, and provides a quantitative assessment of the likely cost to complete the scheduled activities?

  • A. Cost management plan
  • B. Activity duration estimates
  • C. Activity cost estimates
  • D. Risk management plan

Answer: C


NEW QUESTION # 48
Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk event could save the project and the organization with a significant amount of capital. Ben assigns Laura to the risk event and instructs her to research the time, cost, and method to improve the probability of the positive risk event.
Ben then communicates the risk event and response to management. What risk response has been used here?

  • A. Exploit
  • B. Transference
  • C. Sharing
  • D. Enhance

Answer: D


NEW QUESTION # 49
Your organization, as part of its enterprise environmental factors, has established risk governance to be implemented in each project. Part of this governance is the reassessment of risks within each project. How much detail and repetition in approach for risks to be reassessed for probability and impact?

  • A. The amount of detail of repetition that is appropriate depends on how the project progresses relative to its objectives.
  • B. The probability and impact of risk event should determine the level of reassessment throughout the project lifecycle.
  • C. The level of detail and reassessment should reflect the priority of the project.
  • D. Each risk reassessment should go into the same depth as the original risk assessment activity.

Answer: A


NEW QUESTION # 50
During the monthly executive review meeting, the project sponsor would like to understand how the project team has planned to manage risks that were identified in the last meeting. What should the project manager do?

  • A. Include secondary and residual risks as part of the response.
  • B. React to the secondary and residual risks only if they occur.
  • C. Utilize a Monte Carlo assessment to provide risk related impacts.
  • D. Transfer secondary and residual risks to the project sponsor.

Answer: A

Explanation:
The The project manager should include secondary and residual risks as part of the risk response plan.
Secondary risks are those risks that arise as a direct result of implementing a risk response to a specific risk.
Residual risks are those risks that are expected to remain after the planned responses of risks have been taken, as well as those that have been deliberately accepted. Both secondary and residual risks should be identified, analyzed, and monitored throughout the project life cycle. The project manager should communicate the risk response plan to the project sponsor and other stakeholders, and explain how the project team has planned to manage the secondary and residual risks12 References: 1: PMI Risk Management Professional (PMI-RMP) Handbook, page 10 2: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Seventh Edition, page 11.2.2.1 project manager should include secondary and residual risks in the risk response plan, as they may still impact the project. Proactively addressing these risks will help the project team to be prepared and manage them effectively if they occur.


NEW QUESTION # 51
Fred is the project manager of a large project in his organization. Fred needs to begin planning the risk management plan with the project team and key stakeholders. Which plan risk management process tool and technique should Fred use to plan risk management?

  • A. Planning meetings and analysis
  • B. Information gathering techniques
  • C. Data gathering and representation techniques
  • D. Variance and trend analysis

Answer: A


NEW QUESTION # 52
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