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[General] Valid PMI-RMP Vce Dumps | Reliable PMI-RMP Exam Registration

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【General】 Valid PMI-RMP Vce Dumps | Reliable PMI-RMP Exam Registration

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PMI Risk Management Professional Sample Questions (Q111-Q116):NEW QUESTION # 111
Consider the risk probability-impact matrix in the figure given below:

If Risk B happens in this project, how much will be left in the contingency reserve?
  • A. It depends on the total budget of the project.
  • B. $193,500
  • C. $148,300
  • D. -$334,500
Answer: B

NEW QUESTION # 112
An undocumented risk is realized during the rollout of a new product line important to the company. The product owner escalates this matter to the company president, who expects all risks to be documented in the project risk plan.
How should the risk manager address this concern?
  • A. Impact of the risk was assessed to be insignificant, so the risk was not documented.
  • B. Probability of the risk was very low. so the risk was not documented.
  • C. A similar risk never occurred in the past, so it was not considered.
  • D. Risks are documented to the practicable extent possible.
Answer: D

NEW QUESTION # 113
Consider the risk probability-impact matrix in the figure given below:

If Risk B happens in this project, how much will be left in the contingency reserve?
  • A. It depends on the total budget of the project.
  • B. $193,500
  • C. $148,300
  • D. -$334,500
Answer: B

NEW QUESTION # 114
You are the project manager of the NJJ project. Your enterprise environmental factors require that you establish certain risk management rules regarding low risks within your project. What is the best policy for risks with low probability and low impact in the project management?
  • A. These risks should be placed in the risk register.
  • B. These risks should be placed on a watchlist for future monitoring.
  • C. These risks should be accepted.
  • D. These risks should be identified, but dismissed.
Answer: B
Explanation:
Explanation/Reference:

NEW QUESTION # 115
A risk manager and relevant stakeholders have completed a risk response plan for a project. They have identified and planned responses to the known risks; however, a risk owner has identified and reported some residual risks not previously addressed.
What should the risk manager do first?
  • A. Develop a residual risk management plan to manage the residual risks.
  • B. Record the residual risks in the watch list for future reference.
  • C. Implement the contingency plan when the residual risks occur.
  • D. Analyze, document, and communicate the residual risks to stakeholders.
Answer: D
Explanation:
Explanation
Residual risks are the risks that remain after the risk response plan has been implemented. They are the risks that are accepted by the project team and stakeholders as part of the project. Residual risks may have low probability or impact, but they still need to be monitored and controlled throughout the project. The first thing that the risk manager should do when a risk owner identifies and reports some residual risks is to analyze, document, and communicate them to the relevant stakeholders. The risk manager should assess the probability and impact of the residual risks, and determine if they require any further response or contingency plan. The risk manager should also update the risk register and the risk report with the information about the residual risks, and share them with the stakeholders who need to be aware of them. This will help the project team and stakeholders to be prepared for any potential occurrence of the residual risks, and to take appropriate actions if needed. References: PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, 2019, p.
94-95, 101.

NEW QUESTION # 116
......
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