Blog

Ray Martin Ray Martin

0 Course Enrolled • 0 Course Completed

Biography

Unparalleled Dump PMI-RMP Collection & Guaranteed PMI PMI-RMP Exam Success with Efficient PMI-RMP Study Dumps

What's more, part of that RealVCE PMI-RMP dumps now are free: https://drive.google.com/open?id=1Z5BfUnN_S2uMEPUOWGXpiOLxMMPodtdV

The candidates taking the PMI Risk Management Professional exam can try a free demo and test features of PMI PMI-RMP exam questions before purchasing it. RealVCE also provides three months of free updates on PMI exam questions if the exam content changes after you have bought the product. The RealVCE gets feedback from learned professionals and makes improvements in the PMI-RMP valid questions so that it can serve the purpose well.So, are you ready to earn a PMI Risk Management Professional, and join a group of certified and skilled professionals? If yes, getting the PMI PMI-RMP exam questions by RealVCE is a perfect start to your PMI Risk Management Professional exam preparation.

PMI-RMP (PMI Risk Management Professional) certification exam is designed to test the candidate's knowledge and skills in risk management. PMI Risk Management Professional certification is offered by the Project Management Institute (PMI), which is a globally recognized organization for project management professionals. The PMI-RMP Certification is one of the most sought-after certifications for professionals who are involved in risk management.

>> Dump PMI-RMP Collection <<

PMI-RMP Study Dumps & Reliable PMI-RMP Exam Labs

Do you want to pass PMI-RMP exam in a short time? PMI-RMP dumps and answers from our RealVCE site are all created by the IT talents with more than 10-year experience in IT certification. The RealVCE site offers the most comprehensive certification standards and PMI-RMP Study Guide. According to our end users of PMI-RMP dumps, it indicates that the passing rate of PMI-RMP exam is as high as 100%. If you have any questions about PMI-RMP exam dump, we will answer you in first time.

PMI Risk Management Professional Sample Questions (Q231-Q236):

NEW QUESTION # 231
Diana is the project manager of the QPS project for her company. In this project Diana and the project team have identified a pure risk. Diana and the project team decided, along with the key stakeholders, to remove the pure risk from the project by changing the project plan altogether.
What is a pure risk?

A. It is a risk event that is generated due to errors or omission in the project work.
B. It is a risk event that cannot be avoided because of the order of the work.
C. It is a risk event that is created by a risk response.
D. It is a risk event that only has a negative side, such as loss of life or limb.

Answer: D

NEW QUESTION # 232
A project manager is working on a complex construction project. During the risk identification process, hundreds of risks were identified. The team seems to be confused regarding on which risks to focus. The project manager advises the team to go ahead and start assessing the likelihood and impact of each risk.
What process is this part of?

A. Perform Qualitative Risk Analysis
B. Perform Quantitative Risk Analysis
C. Monitor and Control Risk
D. Plan Risk Management

Answer: A

Explanation:
The process of assessing the likelihood and impact of each identified risk is part of the Perform Qualitative Risk Analysis process. This process helps prioritize risks based on their probability and impact, allowing the project team to focus on the most significant risks. By doing so, the project manager and team can allocate resources and effort to address the risks that pose the greatest threat or opportunity to the project.
The process of assessing the likelihood and impact of each risk is part of the Perform Qualitative Risk Analysis process, which is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics. This process helps the project manager and the team to focus on the high-priority risks that have the most influence on achieving the project objectives. The other processes are not relevant to the question scenario. Plan Risk Management is the process of defining how to conduct risk management activities for a project. Perform Quantitative Risk Analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. Monitor and Control Risk is the process of implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness throughout the project. References: PMI Risk Management Professional (PMI-RMP) Examination Content Outline and Specifications, page 71. A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, pages 397-3982.

NEW QUESTION # 233
Rex is the project manager of the BDF Project. This project will last for two years and has a budget of
$2,345,000. Management has instructed Rex that the project must not go over budget as funds are very tight in the organization. During the project planning Rex and the project team discover a positive risk event to save $75,000. Rex wants to make certain that this risk event happens so which risk response method is most appropriate?

A. Exploit
B. Share
C. Mitigation
D. Enhance

Answer: A

NEW QUESTION # 234
A certain risk is identified for a major project, and the risk response is planned. However, the analysis reveals a high probability for a secondary risk which will be tolerated based on the organization's risk thresholds. The secondary risk is subsequently registered. During project execution, the primary risk occurs, the planned action is taken, and the secondary risk emerges What two actions should the risk owner take? (Choose two.)

A. Conduct meeting with all stakeholder to agree on post impact solutions.
B. Update and communicate assessments of the secondary risk's impact.
C. Implement the secondary risk response and update the project documents.
D. Engage the project manager to authorize the secondary risk's response.
E. Set the corresponding trigger conditions to the secondary risk.

Answer: B,C

Explanation:
Explanation
The risk owner should implement the secondary risk response, as it is now being tolerated, and update the project documents accordingly. They should also update and communicate the assessments of the secondary risk's impact to ensure everyone is aware of the situation.
According to the PMI-RMP Handbook1, the risk owner is responsible for implementing the risk response plan and monitoring the risk and its secondary risks. Therefore, the risk owner should take the following two actions when the secondary risk emerges:
Implement the secondary risk response and update the project documents. This action is consistent with the risk response strategy of tolerance, which means accepting the risk and its consequences. The risk owner should execute the planned response for the secondary risk, such as contingency plans or fallback plans, and update the relevant project documents, such as the risk register, the risk report, and the lessons learned register, to reflect the current status and impact of the risk.
Update and communicate assessments of the secondary risk's impact. This action is consistent with the risk monitoring and control process, which involves tracking the identified risks, evaluating their impact and probability, and reporting the risk information to the appropriate stakeholders. The risk owner should reassess the secondary risk's impact on the project objectives, such as scope, schedule, cost, and quality, and communicate the results to the project manager and other relevant stakeholders, such as the sponsor, the customer, and the team members.
References:
PMI-RMP Handbook1
PMBOK Guide, 6th edition, Chapter 11: Project Risk Management2

NEW QUESTION # 235
A six-month, US$1,2 million project is two months completed. The project has 3 high, 6 medium, and 2 low risks, with a 10% reserve for known risks, and a 5% reserve for unknown risks. Most of the project's reserves have not been spent. The risk manager, who is also the project schedule manager, establishes monthly risk management reviews to evaluate performance. So far, the project has missed 50% of the planned risk mitigation milestones.
Based on this project data, what technique should the risk manager recommend to improve the risk management process?

A. Increase the frequency of risk status meetings and update the risk management plan.
B. Perform a variance analysis and potentially allocate more reserves to improve risk mitigation.
C. Increase the risk manager's position to a full-time position and acquire a dedicated project schedule lead.
D. Adjust project risk thresholds to increase the number of residual risks on the project.

Answer: C

NEW QUESTION # 236
......

If you want to pass an exam just one time, then choose. Our PMI-RMP exam dumps will provide you such chance like this. PMI-RMP exam braindumps are verified by experienced experts in the field, and they are quite familiar with the questions and answers of the exam center, therefore the quality of the PMI-RMP Exam Dumps are guaranteed. Besides we offer free update for 365 days after purchasing.

PMI-RMP Study Dumps: https://www.realvce.com/PMI-RMP_free-dumps.html

BTW, DOWNLOAD part of RealVCE PMI-RMP dumps from Cloud Storage: https://drive.google.com/open?id=1Z5BfUnN_S2uMEPUOWGXpiOLxMMPodtdV

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Ray Martin Ray Martin

Biography

COOKIE NOTICE