PMI-RMP EXAM FORMAT, PMI-RMP VALUABLE FEEDBACK

PMI-RMP Exam Format, PMI-RMP Valuable Feedback

PMI-RMP Exam Format, PMI-RMP Valuable Feedback

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PMI-RMP certification is an excellent investment for professionals who want to advance their careers in project management. It demonstrates to employers that individuals have a deep understanding of risk management and can help organizations mitigate risks and achieve project success. PMI Risk Management Professional certification also provides networking opportunities with other certified professionals, which can lead to new job opportunities and career growth.

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PMI Risk Management Professional Sample Questions (Q59-Q64):

NEW QUESTION # 59
A risk manager documents the causes in the risk register and needs to ensure the risk is adequately described.
What is critical for the risk manager to consider when describing the causes?

  • A. Each cause has a degree of uncertainty
  • B. The causes represent actual conditions
  • C. The causes must be validated by the risk owner
  • D. Each cause has well defined owner

Answer: B

Explanation:
When describing the causes of a risk, it is critical for the risk manager to ensure that the causes represent actual conditions, as this will help in the accurate identification and assessment of the.
According to the PMBOK® Guide, a risk is defined as "an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives" (page 720). A risk can be described by its causes, effects, and probability of occurrence. The causes are the factors or circumstances that give rise to the risk, and they should represent the actual conditions that exist or may exist in the project environment. The causes should not be based on assumptions, opinions, or speculations, but on facts, evidence, or data.
Therefore, option C is the correct answer.
Option A is incorrect because not every cause has a degree of uncertainty. Some causes may be certain or deterministic, such as contractual obligations, regulatory requirements, or physical laws. Uncertainty is a characteristic of the risk itself, not the cause.
Option B is incorrect because not every cause has a well-defined owner. The owner is the person or entity who is assigned the responsibility and authority to manage the risk, not the cause. The owner should be identified after the risk is analyzed and prioritized, not before.
Option D is incorrect because the causes do not need to be validated by the risk owner. The risk owner is the person or entity who is accountable for the risk response, not the risk identification. The causes should be validated by the risk manager or the risk identification team, who are responsible for collecting and documenting the risk information.


NEW 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?

  • A. Evaluating the project's probability of success
  • B. Performing a qualitative analysis
  • C. Identifying threats and opportunities
  • D. Evaluating the project's impact

Answer: C

Explanation:
Explanation
The main output of the stakeholder meeting in the initiation phase is to identify threats and opportunities that may impact the project in a positive or negative way. This information will be used to develop the risk management plan.


NEW QUESTION # 61
A company is preparing a formal response to bid for an infrastructure engineering, procurement, and construction project. When should a risk register be developed to identify risks?

  • A. After a project budget is set up with a purchase order to charge hours for a risk workshop.
  • B. During the project execution phase to allow the project manager to understand the risk attitudes of stakeholders.
  • C. Before a formal bid response is provided to the client to gain a greater understanding of the project's risk profile.
  • D. When a client project kick-off meeting is held to introduce risk assessment process to the client.

Answer: C

Explanation:
Explanation
A risk register should be developed before submitting a formal bid response to help the company understand the project's risk profile and account for potential risks in their proposal. This allows the company to make informed decisions about cost, schedule, and resources. (Reference: Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, Section 11.2)


NEW QUESTION # 62
There are seven risk responses, a project manager can use to address risk events. Which one of the following is a risk response that is appropriate for positive or negative risk events depending on the scenario in the project?

  • A. Sharing
  • B. Transference
  • C. Avoidance
  • D. Acceptance

Answer: D


NEW QUESTION # 63
The company is a risk seeking organization, and has experienced measurable success based on their current strategy for growth. A new project has an overall project risk that exceeds the risk levels documented in the risk management plan.
What would be the best course of action for the company to take with the project based on its current scope?

  • A. Perform a Monte Carlo simulation to understand possible risk outcomes.
  • B. Conduct a stakeholder meeting to validate stakeholder risk appetite.
  • C. Monitor ongoing risks closely for any major changes.
  • D. Cancel the project, as the overall level of risk remains unacceptable.

Answer: A


NEW QUESTION # 64
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