PMI PMI-RMP Test Engine Dumps Training With 117 Questions

PMI-RMP Questions Pass on Your First Attempt Dumps for Project Management Professional Certified

PMI-RMP certification is a valuable certification for professionals who work in the field of risk management. PMI Risk Management Professional certification demonstrates that the candidate has the knowledge and skills necessary to identify, assess, and manage risks in a project or business environment. The PMI-RMP certification is also a valuable asset for professionals who work in project management, business analysis, or other related fields, as it demonstrates a high level of expertise in risk management.

 

NEW QUESTION # 47
You are working as a project manager in your organization. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control?

• A. Qualitative risk analysis
• B. Quantitative risk analysis
• C. Requested changes
• D. Risk audits

Answer: C

NEW QUESTION # 48
Which of the following is a risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold?

• A. Avoidance
• B. Transference
• C. Exploit
• D. Mitigation

Answer: D

NEW QUESTION # 49
Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes. What is the primary advantage to group risks by common causes during qualitative risk analysis?

• A. It can lead to developing effective risk responses.
• B. It can lead to the creation of risk categories unique to each project.
• C. It helps the project team realize the areas of the project most laden with risks.
• D. It saves time by collecting the related resources, such as project team members, to analyze the risk events.

Answer: A

NEW QUESTION # 50
You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project.
Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?

• A. Risk utility function
• B. Mitigation-ready project management
• C. Risk-reward mentality
• D. Risk avoidance

Answer: A

NEW QUESTION # 51
Jeff, a key stakeholder in your project, wants to know how the risk exposure for the risk events is calculated during quantitative risk analysis. He is worried about the risk exposure which is too low for the events surrounding his project requirements. How is the risk exposure calculated?

• A. The risk exposure of a risk event is determined by historical information.
• B. The probability of a risk event times the impact of a risk event determines the true risk exposure.
• C. The probability of a risk event plus the impact of a risk event determines the true risk exposure.
• D. The probability and impact of a risk event are gauged based on research and in-depth analysis.

Answer: B

NEW QUESTION # 52
You are the project manager of QSL project for your organization. You are working with your project team and several key stakeholders to create a diagram that shows how various elements of a system interrelate and the mechanism of causation within the system. What diagramming technique are you using as a part of the risk identification process?

• A. Cause and effect diagrams
• B. Predecessor and successor diagramming
• C. System or process flowcharts
• D. Influence diagrams

Answer: C

NEW QUESTION # 53
You are the project manager of the NNH Project. In this project you have created a contingency response that the schedule performance index should be less than 0.93. The NHH Project has a budget at completion of $945,000 and is 45 percent complete though the project should be 49 percent complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is the project's schedule performance index?

• A. 0.93
• B. 0.92
• C. -$37,800
• D. 1.06

Answer: A

NEW QUESTION # 54
A risk manager on an infrastructure project gathers and analyzes performance data. The risk manager wants to identify which variables will impact the schedule and determine how these factors interact.
Which data analysis tool should the risk manager use to forecast future performance?

• A. Regression analysis
• B. Decision tree analysis
• C. What-if scenario analysis
• D. Sensitivity analysis

Answer: A

Explanation:
Explanation
Regression analysis is a data analysis tool that helps identify variables that impact the schedule and determine how these factors interact. It is used to forecast future performance based on historical data and the relationship between variables. (Reference: PMBOK Guide, 6th Edition, p. 248)

NEW QUESTION # 55
A project manager identified a risk of communication issues with the client which may impact the project schedule. A member of (he sales team advises that this client prefers face-to- face conversations.
What should the project manager do to avoid this risk?

• A. Meet the client and plan tor critical milestone meetings.
• B. Call the client and advise that online communication is easier and faster.
• C. Record this risk and the clients preference in the risk register.
• D. Ask the sales person to lead the communication with the client

Answer: A

Explanation:
Explanation
The project manager should address the communication risk by meeting the client's preference for face-to-face conversations. This can be achieved by planning face-to-face meetings for critical milestones.

NEW QUESTION # 56
A risk manager wants to determine which risks are going to have the highest impact on a project. Which of the following techniques should the risk manager use?

• A. Sensitivity analysis
• B. Prioritization matrices
• C. Root cause analysis
• D. Assumptions analysis

Answer: B

NEW QUESTION # 57
The engineering department offers the project manager some highly-skilled resources for the same cost as those currently on board. What should the project manager do next to handle this situation?

• A. Analyze the impact of replacing the resources and exploit the opportunity.
• B. Accept the resources, to ensure project efficiency improvement is gained from the new resources.
• C. Decline, to avoid changes in project team setup and stakeholder disruption.
• D. Create a change request to prevent a delay in getting the resources hired.

Answer: A

NEW QUESTION # 58
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. Update the project schedule and inform the stakeholders about the project schedule delay.
• B. Make the risk manager responsible for the damage caused by the missing risk strategy for theft and update the project schedule.
• C. Instruct the risk manager to transfer the risk of theft to an insurance company and capture the experience in the lessons learned.
• D. Deal with the issue and instruct the risk manager to include the risk of theft in the issue log.

Answer: D

Explanation:
Explanation

NEW QUESTION # 59
Eric is the project manager of the MTC project for his company. In this project a vendor has offered Eric a sizeable discount on all hardware if his order total for the project is more than $125,000. Right now, Eric is likely to spend $118,000 with vendor. If Eric spends $7,000 his cost savings for the project will be $12,500, but he cannot purchase hardware if he cannot implement the hardware immediately due to organizational policies.
Eric consults with Amy and Allen, other project managers in the organization, and asks if she needs any hardware for their projects. Both Amy and Allen need hardware and they agree to purchase the hardware through Eric's relationship with the vendor. What positive risk response has happened in this instance?

• A. Enhancing
• B. Exploiting
• C. Transference
• D. Sharing

Answer: D

NEW QUESTION # 60
Which types of project tends to have more well-understood risks?

• A. Operational work projects
• B. First-of-its kind technology projects
• C. State-of-art technology projects
• D. Recurrent projects

Answer: D

NEW QUESTION # 61
You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project in this scenario?

• A. You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
• B. You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.
• C. Quantitative risk analysis does not happen through the project manager in a functional structure.
• D. You will need the risk register, risk management plan, cost management plan, schedule management plan, and any relevant organizational process assets.

Answer: D

NEW QUESTION # 62
Two companies merge. The executive leadership team for the newly formed company hires a project risk manager to integrate both companies' technology platforms into a single global platform. Since success of this integration project is critical for the new company, the project risk manager determines that risk management is vital.
What factors does risk response planning include?

• A. People, planning, and analysis
• B. People, planning, and avoidance
• C. People, avoidance, and analysis
• D. Planning, avoidance, and analysis

Answer: A

NEW QUESTION # 63
You are the project manager of the HJK project for your organization. You and the project team have created risk responses for many of the risk events in the project. A teaming agreement is an example of what risk response?

• A. Acceptance
• B. Transference
• C. Mitigation
• D. Sharing

Answer: D

NEW QUESTION # 64
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