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[Hardware] Valid Test PMI-RMP Tips & Exam PMI-RMP Labs

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【Hardware】 Valid Test PMI-RMP Tips & Exam PMI-RMP Labs

Posted at yesterday 09:31      View：10 | Replies：0        Print      Only Author   [Copy Link] 1#
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PMI-RMP (PMI Risk Management Professional) Exam is a certification exam administered by the Project Management Institute (PMI) that assesses an individual’s knowledge and skills in the area of risk management in project management. PMI-RMP Exam is designed for professionals who are interested in advancing their career in project management and want to demonstrate their expertise in risk management.
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PMI Risk Management Professional Sample Questions (Q205-Q210):NEW QUESTION # 205
A list of risks was identified that could occur during the design phase. Now, the team finished the design phase and those risks did not materialize.
What should the project manager do next?
  • A. Remove the risk from the list as they are no longer applicable.
  • B. Reevaluate those risks' severity, and update the risk register.
  • C. Close the risks and update their status in the risk register.
  • D. Use their contingency with other risks that are still open.
Answer: C
Explanation:
Since the design phase is complete and the identified risks did not materialize, the project manager should close the risks and update their status in the risk register.
The project manager should close the risks that did not materialize during the design phase and update their status in the risk register. Closing risks is part of the monitor and close risks process, which involves tracking the implementation of risk responses, monitoring the residual and secondary risks, and evaluating the effectiveness of risk management throughout the project. Closing risks also involves updating the risk register with the current status of the risks, the outcomes of the risk responses, and any lessons learned from the risk management process. Updating the risk register helps to maintain an accurate and updated record of the project risks and their impacts. References: PMI, Project Risk Management, 2nd edition, 2019, p. 97-981

NEW QUESTION # 206
A risk is identified and documented by the risk manager, but it is unclear how this risk can be proactively managed. In this situation, what type of reserve should be allocated for the risk?
  • A. Residual
  • B. Contingency
  • C. Budget
  • D. Management
Answer: B

NEW QUESTION # 207
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-reward mentality
  • B. Mitigation-ready project management
  • C. Risk utility function
  • D. Risk avoidance
Answer: C

NEW QUESTION # 208
A risk manager manages risks in a construction project. A stakeholder mentions that if there is less than a 50% chance of rain, construction should continue. Another stakeholder says that if there is less than a 60% chance of rain, construction should continue.
What should the risk manager do next to find out the correct limit?
  • A. Perform a sensitivity analysis of the risk
  • B. Find out the stakeholders' risk appetite
  • C. Review the agreed-upon risk tolerance
  • D. Use industry standard risk thresholds
Answer: C
Explanation:
Explanation
The risk manager should review the agreed-upon risk tolerance to determine the correct limit for continuing construction based on the chance of rain. Risk tolerance is the level of risk an organization is willing to accept and should be established during the risk management planning process.

NEW QUESTION # 209
The risk transference is referred to the transfer of risks to a third party, usually for a fee, it creates a contractual-relationship for the third party to manage the risk on behalf of the performing organization. Which one of the following is NOT an example of the transference risk response?
  • A. Life cycle costing
  • B. Use of insurance
  • C. Warranties
  • D. Performance bonds
Answer: A

NEW QUESTION # 210
......
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