HOW TESTKINGPDF WILL HELP YOU IN PASSING THE PMI-RMP?

How TestkingPDF will Help You in Passing the PMI-RMP?

How TestkingPDF will Help You in Passing the PMI-RMP?

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PMI-RMP certification is recognized globally and is highly valued in the industry. It demonstrates a professional’s ability to identify and manage risks in a project or organization, which is crucial for the success of any project. PMI Risk Management Professional certification also showcases a professional’s commitment to excellence and continuous learning in the field of risk management.

To be eligible for the PMI-RMP certification exam, candidates must have a high school degree, associate's degree, or global equivalent, with at least 4,500 hours of project risk management experience and 40 hours of formal project risk management education. Alternatively, candidates can have a bachelor's degree, global equivalent, or higher degree, with at least 3,000 hours of project risk management experience and 30 hours of formal project risk management education. The PMI-RMP Certification Exam consists of 170 multiple-choice questions, and candidates have four hours to complete it.

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

NEW QUESTION # 87
During a meeting to develop the risk management plan, the risk manager recognizes that risks may be identified that could also impact other projects that the company is pursuing. What should the risk manager do?

  • A. Contact the risk managers of the other projects and inform them
  • B. Take note of the extensive impact of these risks in the risk register
  • C. Include an escalation process in the risk management plan
  • D. Address the unique characteristics of these risks on a case-by-case basis

Answer: C

Explanation:
Explanation
The risk manager should include an escalation process in the risk management plan to address risks that may impact other projects. This ensures that any identified risks that could affect multiple projects are communicated and managed appropriately across the organization.


NEW QUESTION # 88
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. Risk avoidance
  • C. Mitigation-ready project management
  • D. Risk-reward mentality

Answer: A


NEW QUESTION # 89
Sam is the project manager of a construction project in south Florida. This area of the United States is prone to hurricanes during certain parts of the year. As part of the project plan Sam and the project team acknowledge the possibility of hurricanes and the damage the hurricane could have on the project's deliverables, the schedule of the project, and the overall cost of the project. Once Sam and the project stakeholders acknowledge the risk of the hurricane they go on planning the project as if the risk is not likely to happen. What type of risk response is Sam using?

  • A. Passive acceptance
  • B. Avoidance
  • C. Active acceptance
  • D. Mitigation

Answer: A


NEW QUESTION # 90
A risk manager is managing risks of a mission critical application. A subject matter expert (SME) asks the risk manager to treat every single risk identified as an extremely high priority.
What should the risk manager do?

  • A. Ask the project sponsor if every risk in the risk register can have the same priority.
  • B. Perform a sensitivity analysis and determine the correct priority of every identified risk.
  • C. Mark every identified risk as an extremely high priority and any future risks as a lower priority.
  • D. Agree with the SME, treat every risk with equal priority, and inform all stakeholders.

Answer: B

Explanation:
According to the PMBOK Guide, 6th edition, Section 11.6.2.1, Sensitivity Analysis, a sensitivity analysis is a technique that helps to determine which individual project risks or other sources of uncertainty have the most potential impact on project outcomes. A sensitivity analysis can be used to prioritize risks based on their relative effect on the project objectives, such as cost, schedule, quality, or scope. A sensitivity analysis can also help to identify areas where risk response efforts may be most effective. Therefore, the risk manager should perform a sensitivity analysis and determine the correct priority of every identified risk, rather than agreeing with the SME or the project sponsor, or marking every risk with the same or different priority without proper analysis. Reference: PMBOK Guide, 6th edition, Section 11.6.2.1, Sensitivity Analysis1 The risk manager should perform a sensitivity analysis to assess the impact of each risk on the project objectives. This will help in determining the correct priority of every identified risk, ensuring that resources are allocated effectively and that the most critical risks are addressed first.


NEW QUESTION # 91
A project manager is trying to realize benefits from new material on an adaptive project. This is the first time the project team is using the material so the team does not have information to identify and analyze risks. A team member informs the project manager that a local university has recently published a research journal on the same material.
Where should the project manager find this information?

  • A. Enterprise environmental factors (EEFs)
  • B. Commercial risk databases
  • C. Organizational process assets (OPAs)
  • D. Industrial studies

Answer: A

Explanation:
Explanation
Enterprise environmental factors (EEFs) are conditions or circumstances that are not under the control of the project team, but may influence, constrain, or direct the project. EEFs include internal and external factors, such as organizational culture, market conditions, industry standards, government regulations, and academic research. In this case, the project manager should find the information about the new material from the research journal published by the local university, which is an example of an external EEF. This information may help the project manager to identify and analyze the risks associated with the new material and plan appropriate risk responses. Industrial studies, commercial risk databases, and organizational process assets (OPAs) are not the correct choices, as they are not relevant to the question. Industrial studies are systematic investigations of a specific industry or sector, which may provide general information about the market trends, opportunities, and challenges, but not specific information about the new material. Commercial risk databases are sources of information about historical or potential risks that may affect projects in different domains or regions, which may help the project manager to identify common or emerging risks, but not the risks related to the new material. OPAs are the plans, processes, policies, procedures, and knowledge bases specific to and used by the performing organization, which may help the project manager to follow the established guidelines and practices for risk management, but not to obtain new information about the new material. References:
PMI. (2017). A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition.
Chapter 2: The Environment in Which Projects Operate, pp. 38-39. 5
Enterprise environmental factors (EEFs) include information from external sources, such as academic research, industry studies, and market conditions. this case, the project manager should refer to the research journal published by the local university as an EEF to gather information about the new material and its associated risks.


NEW QUESTION # 92
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