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PMI PMI-RMP Exam Paper Pdf - PMI-RMP Latest Practice Materials

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Earning the PMI-RMP certification demonstrates an individual's commitment to the field of risk management and their ability to manage risk effectively. PMI Risk Management Professional certification is recognized globally and can lead to career advancement and increased earning potential. The PMI-RMP Certification is a valuable asset for individuals who want to differentiate themselves in the competitive field of project management and risk management.

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PMI PMI-RMP Latest Practice Materials & PMI-RMP Real Testing Environment

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PMI-RMP certification is recognized globally and is highly valued by organizations as it demonstrates the candidate's ability to manage risks effectively, which is critical for project success. PMI-RMP Exam covers five domains, including risk strategy and planning, stakeholder engagement, risk process facilitation, risk monitoring and reporting, and performing specialized risk analysis.

PMI Risk Management Professional Sample Questions (Q175-Q180):

NEW QUESTION # 175
A software development project team was preparing for a phased release when an unknown and unexpected risk occurred with potential for delaying one of the features for the planned release. The project team decided to go ahead with the release and address this missing feature at a later date. One of the end users learned about this and strongly opposed the planned release.
What should the risk manager have done to prevent this situation?

A. Engaged the sponsor and informed them of the decision to remove the planned feature.
B. Engaged the stakeholders more in risk management activities and decisions to get their buy-in and support.
C. Performed proper risk identification at the project outset to ensure this risk was identified and mitigated.
D. Created a schedule buffer in the plan to deal with unknown risks if and when they occurred.

Answer: B

NEW QUESTION # 176
While developing a risk management plan for a complex program in a metricized environment, a program management team is itemizing a response plan for each identified risk that appears in the risk register. What should the risk manager do to effectively monitor the risks?

A. Present the complicated nature of the program risk responses to the sponsor for proper advice.
B. Encourage the program team to assume risk ownership prior to delegation.
C. Determine the workarounds for the program risks and allocate responsibilities to the team.
D. Allow the most experienced program manager to handle the most critical program risks.

Answer: B

NEW QUESTION # 177
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 probability and impact of risk event should determine the level of reassessment throughout the project lifecycle.
B. Each risk reassessment should go into the same depth as the original risk assessment activity.
C. The amount of detail of repetition that is appropriate depends on how the project progresses relative to its objectives.
D. The level of detail and reassessment should reflect the priority of the project.

Answer: C

NEW QUESTION # 178
You work as a project manager for TechSoft Inc. You, the project team, and the key project stakeholders have completed a round of quantitative risk analysis. You now need to update the risk register with your findings so that you can communicate the risk results to the project stakeholders - including management. You will need to update all of the following information except for which one?

A. Risk distributions within the project schedule
B. Probability of achieving cost and time objectives
C. Trends in quantitative risk analysis
D. Probabilistic analysis of the project

Answer: A

NEW QUESTION # 179
The risk manager notices that in their workshops, most of the risks identified are threats. What should the risk manager do to increase the number of opportunities identified?

A. Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis
B. Conduct a political, economic, sociological, technological, legal, and environmental (PESTLE) analysis
C. Use the Delphi technique involving experts who have identified opportunities in the past
D. Interview more stakeholders who have a positive mindset

Answer: D

Explanation:
The risk management plan is a document that describes how risk management activities will be structured and performed on a project. It defines the roles and responsibilities, risk categories, risk appetite and thresholds, risk identification and analysis methods, risk response strategies, risk monitoring and reporting mechanisms, and risk governance mechanisms1. The risk management plan should be aligned with the project management plan, which defines the project scope, schedule, cost, quality, and other aspects2. When an organization decides to accelerate a key project, it means that the project objectives, assumptions, constraints, and environment have changed. This will affect the risk exposure and profile of the project, as well as the risk management approach and resources. Therefore, the first action for the project risk manager to take is to revise the risk management plan to reflect the new situation and ensure that the risk management process is still effective and efficient. Revising the risk management plan may involve updating the risk categories, risk appetite and thresholds, risk identification and analysis methods, risk response strategies, risk monitoring and reporting mechanisms, and risk governance mechanisms to suit the accelerated project. The project risk manager should also communicate the revised risk management plan to the relevant stakeholders and obtain their approval and support1. Ensuring sufficient resources are available, updating the risk register, and meeting with the project's stakeholders are all important actions to take when accelerating a project, but they are not the first action. These actions should be done after revising the risk management plan, as they depend on the updated risk management approach and process. For example, the project risk manager may need to allocate more resources to risk management activities, identify and analyze new or changed risks, implement new or modified risk responses, and report the risk status and performance to the stakeholders based on the revised risk management plan1. Reference: 2, 1.

NEW QUESTION # 180
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