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[General] Practice PMI-RMP Exam - Valid Braindumps PMI-RMP Ppt

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【General】 Practice PMI-RMP Exam - Valid Braindumps PMI-RMP Ppt

Posted at yesterday 10:23      View：3 | Replies：1        Print      Only Author   [Copy Link] 1#
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PMI Risk Management Professional Sample Questions (Q93-Q98):NEW QUESTION # 93
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. Analyze, document, and communicate the residual risks to stakeholders.
  • B. Record the residual risks in the watch list for future reference.
  • C. Develop a residual risk management plan to manage the residual risks.
  • D. Implement the contingency plan when the residual risks occur.
Answer: A
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. Reference: PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, 2019, p. 94-95, 101.

NEW QUESTION # 94
A new vice president in one of its divisions observed that the portfolio of projects within their division experienced significant variations beyond the ±10% established threshold with the potential of not achieving its overall business goals. Hence, they directed all project leaders and sponsors to ensure that they set and work toward more stringent thresholds of ±5% and reports on the basis of any variance outside that range.
How should the risk manager respond?
  • A. Assess the impacts of this change but do nothing as the project is still within the enterprise-wide threshold.
  • B. Accept project risks since it is already within the enterprise-wide threshold.
  • C. Advise that the decision could increase the risk of their portfolio exponentially.
  • D. Assess and modify the project risk management plan in response to the new directive.
Answer: D
Explanation:
Whenever new organizational directives or changes in risk thresholds are communicated, the risk manager is required to assess the impact and update the risk management plan to reflect these changes. The PMBOK Guide states:
"When organizational risk thresholds or tolerances are changed, the risk management plan and associated processes must be updated to ensure alignment with current requirements."
- PMBOK Guide, 6th Edition, Section 11.1.3.1 (Risk Management Plan: Updates) This ensures that risk responses, monitoring, and reporting are in accordance with the most current strategic direction and tolerances.
References:
PMBOK Guide, 6th Edition, Section 11.1.3.1
Practice Standard for Project Risk Management, PMI, Section 3.3

NEW QUESTION # 95
Your project team has identified a project risk that must be responded to. The risk has been recorded in the risk register and the project team has been discussing potential risk responses for the risk event. The event is not likely to happen for several months but the probability of the event is high. Which one of the following is a valid response to the identified risk event?
  • A. Technical performance measurement
  • B. Risk audit
  • C. Earned value management
  • D. Corrective action
Answer: D

NEW QUESTION # 96
You are the project manager of the GGK project for your company. The GGK project has a budget of
$1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent $575,000 to reach this point in the project. Management would like to know what your cost performance index and the schedule performance index is for this project.
What are these values?
  • A. The CPI is .88 and the SPI is 1.14.
  • B. The CPI is -$68,960 and the SPI is $63,255.
  • C. The CPI is 1.14 and the SPI is .88.
  • D. The CPI is .88 and the SPI is zero.
Answer: A
Explanation:
Explanation

NEW QUESTION # 97
You work as a project manager for BlueWell Inc. Management has asked you to work with the key project stakeholder to analyze the risk events you have identified in the project. They would like you to analyze the project risks with a goal of improving the project's performance as a whole. What approach can you use to achieve the goal of improving the project's performance through risk analysis with your project stakeholders?
  • A. Focus on the high-priority risks through qualitative risk analysis
  • B. Involve the stakeholders for risk identification only in the phases where the project directly affects them
  • C. Use qualitative risk analysis to quickly assess the probability and impact of risk events
  • D. Involve subject matter experts in the risk analysis activities
Answer: A

NEW QUESTION # 98
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Posted at yesterday 16:59        Only Author  2#
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