PMI PMI-RMP DESKTOP PRACTICE EXAM DUMPS

PMI PMI-RMP Desktop Practice Exam Dumps

PMI PMI-RMP Desktop Practice Exam Dumps

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Free PDF Quiz PMI PMI-RMP - First-grade Vce PMI Risk Management Professional File

Lead2PassExam has created reliable and up-to-date PMI-RMP Questions that help to pass the exam on the first attempt. The product is easy to use and very simple to understand ensuring it is student-oriented. The PMI Risk Management Professional dumps consist of three easy formats; The 3 formats are Desktop-based practice test software, Web-based practice exam, and PDF.

PMI-RMP (PMI Risk Management Professional) exam is a certification exam offered by the Project Management Institute (PMI) for professionals seeking to enhance their skills in risk management. PMI-RMP Exam is designed to validate the candidate's knowledge and expertise in identifying, assessing, and mitigating risks in project management. PMI Risk Management Professional certification is intended for professionals who are responsible for managing risks in various project environments, such as finance, healthcare, construction, and information technology.

PMI Risk Management Professional Sample Questions (Q45-Q50):

NEW QUESTION # 45
Which of the following processes looks at the complex web of actors, rules, conventions, processes, and mechanisms concerned with how relevant risk information is collected, analyzed and communicated, and how management decisions are taken?

  • A. Risk Response Planning
  • B. IRGC
  • C. Risk Governance
  • D. Risk Communication

Answer: C


NEW QUESTION # 46
A risk manager is assigned to a new system deployment project with a strict contractually agreed-on schedule.
One of the key risks identified is the availability of experts because many are shared on other strategic projects in the organization.
What should the risk manager do to address this situation?

  • A. Revisit the project charter for scope adjustments and sign them off with the customer.
  • B. Implement a disciplined tracking method and report to stakeholders accordingly.
  • C. Escalate the staffing topic to the sponsor and request more budget for contingencies.
  • D. Call for a project team meeting to review risk strategies and make required adjustments.

Answer: B

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 call for a project team meeting to review risk strategies and make required adjustments, as needed, based on risk monitoring and reporting1. In this scenario, the risk manager should do this to address the situation of the availability of experts, which is a key risk for the project. The project team meeting will help the risk manager and the project team to evaluate the effectiveness of the current risk response plan, identify any new risks or changes in existing risks, and develop alternative risk strategies and actions to deal with the staffing issue. The project team meeting will also facilitate the communication and collaboration among the project team members and other stakeholders, and ensure that the project objectives and expectations are aligned. The risk manager should not implement a disciplined tracking method and report to stakeholders accordingly, because that is not a proactive risk response strategy, but rather a passive risk monitoring and reporting technique2. The risk manager should not escalate the staffing topic to the sponsor and request more budget for contingencies, because that is not a feasible or appropriate risk response strategy, as it does not address the root cause of the risk or provide a solution to the problem3. The risk manager should not revisit the project charter for scope adjustments and sign them off with the customer, because that is not a risk response strategy, but rather a scope management process that may have negative impacts on the project quality, cost, and schedule, and may violate the contractual agreement with the customer4. 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 4563: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4364: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 133.


NEW QUESTION # 47
During the execution of a multi-million dollar project, the project manager learns of the theft of important installation materials at one of the most time-critical sites. The project manager contacts the risk manager to discuss further steps, based on the risk register and the defined risk strategy for the risk of theft. However, the risk manager clarifies that the risk of theft was not identified in the risk management process.
What should the project manager do next?

  • A. Deal with the issue and instruct the risk manager to include the risk of theft in the issue log.
  • B. Make the risk manager responsible for the damage caused by the missing risk strategy for theft and update the project schedule.
  • C. Update the project schedule and inform the stakeholders about the project schedule delay.
  • D. Instruct the risk manager to transfer the risk of theft to an insurance company and capture the experience in the lessons learned.

Answer: A


NEW QUESTION # 48
You are the project manager of a large construction project. You are evaluating the strengths, weaknesses, opportunities, and threats involved in a project. In which of the following processes are you on?

  • A. Identify Risks
  • B. Plan Risk Responses
  • C. Plan Risk Management
  • D. Define Scope

Answer: A

Explanation:
Explanation


NEW QUESTION # 49
A project manager is educating the project team on risk management regarding the role of threats and opportunities. The team decides to log the opportunities in the current project's risk register to try to maximize their chances of occurrence.
What should the project team do next?

  • A. Update the project management plan to ensure the results of the opportunities are captured.
  • B. Log the threats in the risk register to try to maximize the probability of occurrence.
  • C. Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis.
  • D. Log the threats in the risk register to try to minimize the probability of occurrence.

Answer: D

Explanation:
Explanation
After logging the opportunities in the risk register, the project team should also log the threats to minimize their probability of occurrence. This will help in managing both the positive (opportunities) and negative (threats) aspects of risk and ensure a comprehensive risk management approach.


NEW QUESTION # 50
......

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