PMI PMI-RMP Study Reference & PMI-RMP Valid Exam Sims

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TorrentExam PMI Risk Management Professional (PMI-RMP) questions in three formats are the go-to source for successful and quick preparation. Three formats of our study material are PMI PMI-RMP exam PDF questions, desktop practice test software, and web-based PMI-RMP practice test. The philosophy behind offering these formats is simple: to create a world-class learning material that can help candidates achieve their PMI Risk Management Professional (PMI-RMP) preparation objectives. With the help of PMI-RMP exam questions in three formats, you can prepare successfully for the test according to your style.

PMI-RMP exam is intended for individuals with a minimum of 3 years of hands-on experience in risk management, and also require 30 hours of formal risk management education. PMI Risk Management Professional certification is ideal for risk management professionals, project managers, business analysts, and anyone who is involved in identifying, analyzing, and mitigating risks in their organization.

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PMI-RMP Valid Exam Sims, PMI-RMP Exam Cram Pdf

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PMI Risk Management Professional Sample Questions (Q87-Q92):

NEW QUESTION # 87
Some issues and unexpected results were found after completing the first phase of a project. The project team is planning the next phase and team members want to avoid the previous issues.
What should the risk manager do to avoid the previous issues?

Answer: A

Explanation:
According to the PMI Risk Management Professional (PMI-RMP)Examination Content Outline1, one of the tasks in the domain of Risk Identification is to use the information from project documents, lessons learned, and other sources to facilitate the risk identification process1. A risk workshop is a tool and technique for risk identification that involves bringing together the project team, stakeholders, subject matter experts, and risk management experts to identify and analyze the project risks in a structured and collaborative manner2. In this scenario, the risk manager should use the information from the issues and unexpected results found in the first phase of the project for a risk workshop, to avoid the previous issues in the next phase. The risk workshop will help the risk manager and the project team to identify the root causes of the issues, assess their probability and impact, and develop appropriate risk responses. The risk workshop will also enable the risk manager to update the risk register and the risk report with the new information and communicate the risk status to the relevant stakeholders. The risk manager should not improve monitoring and controlling of activities, because that is not a specific action to avoid the previous issues, but rather a general practice that should be done throughout the project life cycle3. The risk manager should not document the issues in the lessons learned, because that is not enough to avoid the previous issues, but rather a way to capture and share the knowledge gained from the project for future reference4. The risk manager should not create an issue log to share with the team, because that is not a proactive risk management technique, but rather a reactive way to track and resolve the issues that have already occurred5. Reference: 1: PMI Risk Management Professional (PMI-RMP)Examination Content Outline, page 82: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 4003: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 4564: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 1005: What Is an Issue Log? Templates & Tips6.


NEW QUESTION # 88
A new risk manager is assigned to an ongoing project, what should the new risk manager do first to assess the project environment?

Answer: B

Explanation:
When a new risk manager is assigned to an ongoing project, their first step should be to review the existing risk management plan to understand the current policies, practices, and strategies in place.
The new risk manager should first review the policies and practices that are outlined in the risk management plan, as this is the document that describes how risk management will be performed on the project. The risk management plan defines the roles and responsibilities, risk categories, risk appetite and thresholds, risk identification and analysis methods, risk response strategies, risk monitoring and reporting mechanisms, and risk governance structure for the project. The new risk manager should familiarize themselves with the risk management plan to understand the project environment and the expectations and requirements for risk management. The other options are not the first actions that the new risk manager should take. Reviewing potential next steps with the project team is a good practice, but it should be done after reviewing the risk management plan to ensure alignment and consistency. Reviewing the scope of work to determine the prescribed project methodology is not directly related to risk management, and it may not provide sufficient information about the project environment and the risk management approach. Reviewing the contract and determining the resources and project funding is part of the project initiation process, and it may not reflect the current status and issues of the project. Reference: 2, 3, 4


NEW QUESTION # 89
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?

Answer: A


NEW QUESTION # 90
The risk manager also serves as a facilitator for a project and realizes the project team members have biases impacting how they perceive risks. What analysis is currently being used?

Answer: B

Explanation:
Explanation
The analysis currently being used is qualitative risk analysis. Qualitative risk analysis involves assessing risks based on their likelihood of occurrence and their potential impact on the project. This type of analysis can help identify biases that may be impacting how team members perceive risks.


NEW QUESTION # 91
A risk management professional is currently facilitating the risk planning process with the project team. To increase the breadth of considered risks, the team wants to include high-level and strategic project risks.
What should the risk management professional do next?

Answer: C

Explanation:
A SWOT analysis is a risk identification technique that helps to identify high-level and strategic project risks by examining the internal and external factors that may affect the project objectives. A SWOT analysis involves listing the strengths, weaknesses, opportunities, and threats of the project, and then analyzing how they may impact the project positively or negatively. A SWOT analysis can help to uncover potential risks that may not be obvious from other techniques, such as prompt lists, interviews, or brainstorming12 References: 1: PMI Risk Management Professional (PMI-RMP)® Handbook, page 10 2: AGuide to the Project Management Body of Knowledge (PMBOK® Guide) - Seventh Edition, page 11.2.2.1


NEW QUESTION # 92
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