PMI PMI-RMP Examcollection Dumps Torrent - PMI-RMP Study Center
PMI PMI-RMP Examcollection Dumps Torrent - PMI-RMP Study Center
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Only to find a way to success, not to make excuses for failure. Pass4cram's PMI-RMP exam certification training materials include PMI-RMP exam dumps and answers. The data is worked out by our experienced team of IT professionals with their own exploration and continuous practice. Pass4cram's PMI-RMP Exam Certification training materials have high accuracy and wide coverage. It will be a grand helper that will accompany you to prepare for PMI-RMP certification exam.
PMI-RMP certification is an excellent opportunity for individuals who want to enhance their knowledge and skills in risk management. PMI Risk Management Professional certification is highly valued by employers and can open up new career opportunities for professionals in this field. With the right preparation and dedication, passing the PMI-RMP Exam can be a game-changer for your career.
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PMI-RMP Study Center | PMI-RMP Latest Braindumps Questions
In comparison to others, PMI Risk Management Professional (PMI-RMP) exam dumps are priced at a reasonable price. It is possible to prepare using PMI-RMP exam using a pdf file anytime according to the hectic routines. If you are confused regarding its quality PMI-RMP exam dumps, download the free trial to assist you make a final decision prior to purchasing. All exam dumps and patterns are made to follow the style of actual exam dumps. Therefore, it increases your chances of success in the Real PMI-RMP Exam.
To be eligible for the PMI-RMP certification exam, candidates need to have a minimum of three years of experience in project management, with at least 2,000 hours of experience in risk management. In addition, candidates need to have completed 30 hours of risk management education or have a secondary degree (high school diploma, associate's degree or equivalent) and 40 hours of risk management education.
PMI-RMP (PMI Risk Management Professional) Exam is a globally recognized certification that validates a candidate's expertise in identifying, assessing, and mitigating project risks. PMI Risk Management Professional certification is offered by the Project Management Institute (PMI), a renowned organization that sets standards and guidelines for project management professionals. PMI-RMP Certification demonstrates a candidate's ability to manage risks effectively, which is a crucial aspect of project management.
PMI Risk Management Professional Sample Questions (Q183-Q188):
NEW QUESTION # 183
David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of the following is the best explanation for completing qualitative risk analysis?
- A. It is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis.
- B. All risks must pass through quantitative risk analysis before qualitative risk analysis.
- C. It is a cost-effective means of establishing probability and impact for the project risks.
- D. Qualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast and accurate risk responses.
Answer: A
NEW QUESTION # 184
Frank is the project manager of the NHQ project for his company. Frank is working with the project team, key stakeholders, and several subject matter experts on risks dealing with the new materials in the project. Frank wants to utilize a risk analysis method that will help the team to make decisions in the presence of the current uncertainty surrounding the new materials. Which risk analysis approach can Frank use to create an approach to make decisions in the presence of uncertainty?
- A. Delphi Technique
- B. Quantitative risk analysis process
- C. Qualitative risk analysis process
- D. Monte Carlo Technique
Answer: B
NEW QUESTION # 185
Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.
- A. Increased understanding or quantification of the system
- B. Decision making or the development of recommendations for decision makers
- C. Model development
- D. Estimating the average outcome
Answer: A,B,C
NEW QUESTION # 186
A project manager for a large product development project assigned a risk manager to perform the risk management. The project sponsor questions why this project requires a risk manager as it is similar to a previous project with a developed risk strategy.
How should the risk manager explain the need for a risk strategy specific to this project?
- A. A risk strategy aligns individual project risk thresholds with organizational risk appetite.
- B. A risk strategy is a best practice and ensures quality in the project planning.
- C. A risk strategy ensures alignment of the organizational structure to the specific project.
- D. A project specific risk strategy includes enough information to respond to audits and compliance requirements.
Answer: A
Explanation:
Each project is unique, even when similar to previous projects, and therefore, it requires a tailored risk strategy. A specific risk strategy for a project ensures that the risks are managed in alignment with the organization's risk appetite while considering the unique aspects of the project. The risk strategy will identify the specific risk thresholds for the project, which may differ from other projects due to variations in scope, stakeholders, or external conditions.
PMI emphasizes the importance of aligning the risk management strategy with the organizational risk appetite. This alignment ensures that the project's approach to risk is consistent with the organization's broader risk management framework and that it reflects the unique risk profile of the project.
NEW QUESTION # 187
While implementing the risk response plan for a previously identified risk, some secondary risks were identified but not captured on the risk register. The project manager decided to review the risk management plan to ensure this does not happen for future, similar situations.
What should the project manager do next?
- A. Monitor and control secondary and residual risks in the risk register.
- B. Identify secondary or residual risks for associated risk plans.
- C. Develop risk response plans for all identified risks.
- D. Update the communications management plan to avoid future issues
Answer: B
Explanation:
The project manager should monitor and control secondary and residual risks in the risk register. This will ensure that any new risks identified during the implementation of the risk response plan are captured and managed effectively. Monitoring and controlling risks is a continuous process that helps in identifying, analyzing, and planning for new risks as well as updating the risk register as needed.
According to the PMI Risk Management Professional (PMI-RMP)Examination Content Outline, one of the tasks under the domain of Risk Response Planning is to "identify and assess the effectiveness of alternative strategies to reduce threats or enhance opportunities, such as mitigation, transference, avoidance, and acceptance" 1. This implies that the project manager should also consider the potential secondary or residual risks that may arise from implementing the chosen risk response strategy. Secondary risks are new risks that are created as a direct result of implementing a risk response, while residual risks are those that remain after the risk response has been executed 2. Both types of risks should be identified and assessed for their impact and probability, and added to the risk register for further monitoring and control. Therefore, the correct answer is A.
NEW QUESTION # 188
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