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PMI-RMP PMI Risk Management Professional (PMI-RMP) Exam is now Stable and With Pass Result | Test Your Knowledge for Free

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PMI-RMP Practice Questions

PMI Risk Management Professional (PMI-RMP) Exam

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Total Questions : 278

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Question # 51

A project has suffered a big schedule delay and there are still some risks that are close to materializing. The project manager is concerned about communicating this risk level, because the stakeholders might suspend project funding and cancel the project.

How should the risk manager manage the risk level?

Options:

A.  

Communicate risk levels only to the supportive stakeholders.

B.  

Advise the sponsor to meet with the stakeholders to discuss the risk levels.

C.  

Collaborate with the project manager to communicate risk levels to stakeholders.

D.  

Coach the project manager on communicating risk levels to stakeholders.

Discussion 0
Question # 52

There is a debate within the organization on whether projects need to be agile or waterfall. Some agile terms and principles are understood differently by the key stakeholders, and this delays the decision-making process.

Options:

A.  

Organize training sessions to create awareness around the agile values for stakeholders.

B.  

Facilitate a face-to-face discussion and have stakeholders agree to shift to agile for future projects.

C.  

Recommend an external facilitator as no one in the organization is able to eliminate this roadblock.

D.  

Allow stakeholders to discuss without the scrum master ' s intervention.

Discussion 0
Question # 53

A risk manager is preparing the risk strategy for a strategic project, which involves stakeholders based in multiple locations. What should the risk manager do at this stage?

Options:

A.  

Update the risk communications plan to include all stakeholders.

B.  

Define the risk processes and tools to be adopted.

C.  

Update the risk register to include this stakeholder-related risk.

D.  

Refine the risk assumptions and criteria to be used.

Discussion 0
Question # 54

A risk manager has been assigned to a project in a company that is undergoing a significant cultural and organizational change. The risk manager will start planning risk management. activities with stakeholders but is unsure with whom to engage.

What should the risk manager do?

Options:

A.  

Assign a subset of stakeholders to work on the risk management process.

B.  

Leverage the project manager ' s project stakeholder analysis.

C.  

Agree with the project manager not to start risk activities.

D.  

Send a communication inviting volunteers to join risk activities.

Discussion 0
Question # 55

A project manager is working on a complex construction project. During the risk identification process, hundreds of risks were identified. The team seems to be confused regarding on which risks to focus. The project manager advises the team to go ahead and start assessing the likelihood and impact of each risk.

What process is this part of?

Options:

A.  

Plan Risk Management

B.  

Perform Qualitative Risk Analysis

C.  

Perform Quantitative Risk Analysis

D.  

Monitor and Control Risk

Discussion 0
Question # 56

A risk manager for a cross-functional project is initiating the risk identification process. The risk manager conducted some meetings for stakeholders to express their concerns, but some stakeholders are complaining that their opinions were not considered.

How should the risk manager address these concerns?

Options:

A.  

Refer to the requirements documentation to confirm stakeholder requirements as they relate to risks.

B.  

Refer to the project charter to find guidelines and stakeholder communication channels.

C.  

Review the stakeholder register and stakeholder engagement plan to communicate and solicit stakeholder input.

D.  

Rewrite the risk register to include the additional possible risks and inform the stakeholders.

Discussion 0
Question # 57

During project planning, a risk is identified for which the risk manager has defined a mitigation strategy. Later during project execution, this risk still leaves substantial residual risk.

What should the risk manager do to handle this situation?

Options:

A.  

Revisit this risk in the risk register and redefine the mitigation strategy.

B.  

Activate the contingency plan to handle this risk during execution.

C.  

Mark this new risk as an extremely high priority and inform all stakeholders.

D.  

Ask the project sponsor for more budget to deal with this risk.

Discussion 0
Question # 58

A risk manager has a well-structured risk management process in place for a complex project with a tight schedule. Despite implementing preventive actions, one of the risks identified in the early stages of the project has still occurred and is now an issue.

What should the risk manager do next?

Options:

A.  

Meet with the project team to brainstorm potential solutions to the problem.

B.  

Implement the risk response plan to remedy the problem as soon as possible.

C.  

Initiate discussions with the project manager to decide how to manage the problem.

D.  

Escalate the problem to the project sponsor to agree on the best course of action. 

Discussion 0
Question # 59

Multiple new risks have come up on a project that were not included on the risk register. The project manager met with the team to explain that risk management is critical for the success of the project, and risk identification is key.

What should the project manager do next?

Options:

A.  

Review assumptions and constraints around risks.

B.  

Develop the risk response plans for identified risks.

C.  

Determine the likelihood and impact of the risks.

D.  

Apply an iterative approach to risk identification.

Discussion 0
Question # 60

A project is In the initiation phase. The project stakeholders are Invited to a meeting to share their thoughts that may impact the project In a positive or negative way.

What will be the main output of this meeting?

Options:

A.  

Evaluating the project ' s probability of success

B.  

Identifying threats and opportunities

C.  

Evaluating the project ' s impact

D.  

Performing a qualitative analysis

Discussion 0
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