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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

Last Update 3 days ago
Total Questions : 284

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Question # 61

The customer expresses concern about the increasing likelihood of delays from one of the subcontractors on the project. This risk was previously identified and planned for during the project planning phase. The project sponsor reassured the customer that this is a known risk and will be handled accordingly by the risk manager.

What should the risk manager do?

Options:

A.  

Call an emergency meeting.

B.  

Reinforce the customer relationship.

C.  

Implement the risk response plan.

D.  

Escalate risk to the owner.

Discussion 0
Question # 62

An organization with a portfolio of unique business functions kicks-off a performance improvement project across the entire organization. There are a large number of stakeholders the project team will need to consider during risk identification.

What three actions should the risk manager ensure the project team performs during risk identification? (Choose 3)

Options:

A.  

Develop checklists based on historical information

B.  

Conduct interviews, meetings, and focus groups

C.  

Assign a different risk manager for each portfolio unit

D.  

Employ brainstorming to generate spontaneous ideas

E.  

Perform qualitative and quantitative risk analyses 

Discussion 0
Question # 63

A project team has completed the risk identification steps in a project and compiled a list of 25 risks. The team wants to create response plans for all the risks to avoid any future issues, but the resources and constraints limit the options.

What should the risk manager do?

Options:

A.  

Perform a sensitivity analysis.

B.  

Perform a qualitative risk analysis.

C.  

Perform a constraint analysis.

D.  

Perform a root-cause analysis. 

Discussion 0
Question # 64

A risk management team has completed a quantitative analysis, and the individual score in terms of schedule and cost has been identified. The team is consolidating inputs for contingency planning and notices that the available time and funds are not sufficient for all the risks.

What should the risk manager advise the project team?

Options:

A.  

Ask the project sponsor for more time and funds if needed.

B.  

Create a change request if there are additional needs based on the risk responses.

C.  

Accept some risks might not be materialized so no extra time and funds will be needed.

D.  

Focus on the high-impact risk for contingency planning purposes.

Discussion 0
Question # 65

The risk manager conducted an updated Monte Carlo simul-ation for the project at the end of a phase. The simul-ation reveals a key activity is now on the critical path.

What recommendation should the risk manager make to the project manager?

Options:

A.  

Add more float to the key activity

B.  

Add more contingency to the project

C.  

Review the plans for the key activity

D.  

Increase the budget for the key activity

Discussion 0
Question # 66

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 # 67

A risk manager schedules workshops for identifying risks about an initiative involving multiple business units, recruitments for different roles, procurements, technological uplift, training, and changes in the ways of working. Who should participate in the risk management activity?

Options:

A.  

Core project team

B.  

Internal and external stakeholders

C.  

Key business stakeholders

D.  

Internal stakeholders only

Discussion 0
Question # 68

.

A project manager is identifying risks on a project and decides to use a risk checklist to gather historical data accumulated from similar projects. With several different historical project files to choose from, which two pieces of information should the project manager include in their risk checklist? (Choose two.)

Options:

A.  

Budget variance data from previously completed projects.

B.  

Project scope and cost management plans from previous projects.

C.  

Lessons learned from similar completed projects.

D.  

Previous project risks that may be relevant to this project.

E.  

Stakeholder analysis metrics from projects with similar risk profiles.

Discussion 0
Question # 69

Project stakeholders can often be risk averse with little to no knowledge of the risk process. How should a risk manager increase stakeholder risk appetite?

Options:

A.  

Exclude risk averse stakeholders from future risk discussions

B.  

Explain risk handling and mitigation strategies

C.  

Increase the impact of all risks in the risk breakdown structure (RBS)

D.  

Develop a generous probabilistic cash flow model

Discussion 0
Question # 70

During a virtual workshop presenting a product to potential clients, a facilitator emails the product brochure and asks attendees to check their spam folder if the email does not appear in their inbox. What kind of threat strategy is the facilitator applying?

Options:

A.  

Accept actively

B.  

Mitigate

C.  

Accept passively

D.  

Share

Discussion 0
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