CERTIFICATION PMI-RMP EXAM & PMI-RMP UPDATED DEMO

Certification PMI-RMP Exam & PMI-RMP Updated Demo

Certification PMI-RMP Exam & PMI-RMP Updated Demo

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Tags: Certification PMI-RMP Exam, PMI-RMP Updated Demo, Valid PMI-RMP Exam Objectives, Mock PMI-RMP Exams, Online PMI-RMP Training Materials

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It is universally acknowledged that PMI certification can help present you as a good master of some knowledge in certain areas, and it also serves as an embodiment in showcasing one’s personal skills. However, it is easier to say so than to actually get the PMI certification. We have to understand that not everyone is good at self-learning and self-discipline, and thus many people need outside help to cultivate good study habits, especially those who have trouble in following a timetable. To handle this, our PMI-RMP test training will provide you with a well-rounded service so that you will not lag behind and finish your daily task step by step. At the same time, our PMI-RMP study torrent will also save your time and energy in well-targeted learning as we are going to make everything done in order that you can stay focused in learning our PMI-RMP study materials without worries behind. We are so honored and pleased to be able to read our detailed introduction and we will try our best to enable you a better understanding of our PMI-RMP test training better.

PMI-RMP certification exam is an advanced-level exam that requires candidates to have a strong understanding of risk management concepts and techniques. PMI-RMP Exam consists of 170 multiple-choice questions, which must be completed within four hours. The questions are designed to test a candidate's knowledge in areas such as risk identification, risk assessment, risk response planning, and risk monitoring and control.

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PMI-RMP Updated Demo | Valid PMI-RMP Exam Objectives

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PMI Risk Management Professional Sample Questions (Q123-Q128):

NEW QUESTION # 123
At an oil and gas company, a major unified management information system is to be implemented. The project manager noted that risks gathered from the organization's business functions are not properly identified and categorized, making it difficult to develop an effective risk response.
How should the project manager handle this situation?

  • A. Outsource conducting the risk response plan to risk consultants.
  • B. Ask functional managers to improve their risk register and process.
  • C. Adjust the risk response plans to effectively handle the identified risks.
  • D. Coach the functional groups on how to properly conduct the process.

Answer: D

Explanation:
Explanation
The project manager should provide guidance and coaching to the functional groups on how to properly identify and categorize risks. This will help improve the quality of the risk register and ensure an effective risk response plan can be developed.


NEW QUESTION # 124
A project has a significant impact on an organization. Multiple stakeholders expressed concerns regarding the overall project risk during construction of the risk management plan, and they agreed that the risk appetite is low.
What should the project risk manager monitor closely?

  • A. Risk breakdown structure (RBS)
  • B. Risk response strategies
  • C. Risk thresholds
  • D. Risk management reports

Answer: C

Explanation:
Explanation
The project risk manager should monitor risk thresholds closely, as they represent the organization's risk appetite. In a project with a low risk appetite, it is essential to ensure that risks are managed within the defined thresholds to address stakeholders' concerns and maintain their confidence in the project's success.
According to the PMI Risk Management Professional (PMI-RMP) Reference Materials, risk thresholds are the measure of acceptable variation around an objective that reflects the risk appetite of the organization1. Risk appetite is the degree of uncertainty an entity is willing to take on in anticipation of a reward2. In this case, the project has a significant impact on the organization and the stakeholders have a low risk appetite, meaning they are not willing to accept much deviation from the project objectives. Therefore, the project risk manager should monitor the risk thresholds closely to ensure that the project risks do not exceed the acceptable level of variation and impact the project performance negatively. By monitoring the risk thresholds, the project risk manager can also identify when risk responses are needed and evaluate their effectiveness.
References: 1: PMI, Practice Standard for Project Risk Management, 2009, p. 20 2: PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, 2017, p. 720


NEW QUESTION # 125
A risk manager manages risks in a construction project. A stakeholder mentions that if there is less than a 50% chance of rain, construction should continue. Another stakeholder says that if there is less than a 60% chance of rain, construction should continue.
What should the risk manager do next to find out the correct limit?

  • A. Find out the stakeholders' risk appetite
  • B. Review the agreed-upon risk tolerance
  • C. Perform a sensitivity analysis of the risk
  • D. Use industry standard risk thresholds

Answer: B

Explanation:
Explanation
The risk manager should review the agreed-upon risk tolerance to determine the correct limit for continuing construction based on the chance of rain. Risk tolerance is the level of risk an organization is willing to accept and should be established during the risk management planning process.


NEW QUESTION # 126
You are the project manager for the ABC organization. Your current project has 75 internal stakeholders and 245 external stakeholders. Many of the risks within your project will only affect the internal stakeholders, but several of the identified risk events will affect the external stakeholders. Management would like to know the total number of communication channels in the project. How many communication channels exist in this project?

  • A. 0
  • B. 102,080
  • C. 1
  • D. 51,040

Answer: D


NEW QUESTION # 127
A project manager managing a high-risk rating project was just informed that one of the key project resources has decided to leave the organization. The project manager asks the risk manager for their recommendations.
The risk manager previously identified this as a risk and had created a transition plan to enable another resource to carry out the same duties. The risk manager was informed that by transitioning the responsibilities to the new resource, new risks to the completion dates of other project-related tasks appear.
What should the risk manager advise the project manager?

  • A. Escalate the new risks immediately to the project stakeholders to ensure proper risk communication is in place.
  • B. Apply a risk acceptance strategy to the new risks as there is no risk response plan.
  • C. Update the risk management plan with the new probabily/impact and change the response.
  • D. Address these secondary risks as per the risk management plan

Answer: D

Explanation:
In this situation, the departure of a key project resource was an anticipated risk, and a transition plan was established as a response. However, implementing this plan has introduced new risks, known as secondary risks, which may impact the completion dates of other project-related tasks. According to PMI's risk management framework, it's essential to address these secondary risks in alignment with the predefined risk management plan. This involves assessing the new risks' probabilities and impacts, determining appropriate response strategies, and updating the risk register accordingly. By systematically managing secondary risks as outlined in the risk management plan, the project manager can mitigate potential adverse effects on the project's schedule and objectives.
PMI Risk Management Study Guide References:
The PMI-RMP Exam Preparation Study Guide highlights the necessity of managing secondary risks, stating that "secondary risks should be identified, analyzed, and planned for in the same manner as primary risks, ensuring that all potential threats to project objectives are adequately addressed."


NEW QUESTION # 128
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