PMI-RMP ACTUAL TEST & PMI-RMP EXAM QUIZ & PMI-RMP TRAINING MATERIALS

PMI-RMP Actual Test & PMI-RMP Exam Quiz & PMI-RMP Training Materials

PMI-RMP Actual Test & PMI-RMP Exam Quiz & PMI-RMP Training Materials

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Tags: PMI-RMP Unlimited Exam Practice, PMI-RMP Questions Pdf, PMI-RMP Exam Registration, PMI-RMP Questions Exam, PMI-RMP Exam Syllabus

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PMI Risk Management Professional Sample Questions (Q61-Q66):

NEW QUESTION # 61
Joan is the project manager of the BTT project for her company. She has worked with her project to create risk responses for both positive and negative risk events within the project. As a result of this process Joan needs to update the project document updates. She has updated the assumptions log as a result of the findings and risk responses, but what other documentation will need to be updated as an output of risk response planning?

  • A. Technical documentation
  • B. Risk Breakdown Structure
  • C. Lessons learned
  • D. Scope statement

Answer: A


NEW QUESTION # 62
An organization that spans across different countries undergoes a digital transformation project. The project manager has assigned a risk management team leader who is a risk management certified candidate in their domain.
What should the risk management team leader do in the early stages of the project?

  • A. Plan a solid risk response plan and secure the necessary funding.
  • B. Educate stakeholders on best practices to perform risk management.
  • C. Conduct qualitative risk analysis to prioritize potential risks.
  • D. Benchmark to an organization which has executed a similar project,

Answer: B

Explanation:
Explanation
In the early stages of a project, the risk management team leader should conduct qualitative risk analysis to prioritize potential risks. This will help the team to focus on the most significant risks and develop appropriate risk response strategies.
According to the PMI-RMP Handbook, the early stages of the project are the best time to establish the risk management plan, which is a document that describes how risk management activities will be structured and performed on the project. It is one of the main outputs of the Plan Risk Management process. The risk management plan should be developed with the involvement and input of key stakeholders, such as the project sponsor, customer, team members, subject matter experts, and other relevant parties. The risk management plan should also define the roles and responsibilities of the stakeholders in risk management, as well as the reporting and escalation mechanisms.
The risk management team leader, who is a risk management certified candidate in their domain, should educate stakeholders on best practices to perform risk management in the early stages of the project. This is because the stakeholders may have different levels of knowledge, experience, and expectations regarding risk management, especially in an organization that spans across different countries. The risk management team leader should provide training, coaching, and guidance to the stakeholders on how to apply the risk management processes, tools, and techniques, as well as how to use the risk management plan. The risk management team leader should also promote a positive risk culture and encourage stakeholder participation and collaboration in risk management activities.
The other options are not valid for what the risk management team leader should do in the early stages of the project:
Conduct qualitative risk analysis to prioritize potential risks: This is not a valid option because the qualitative risk analysis is part of the Perform Qualitative Risk Analysis process, which comes after the Identify Risks process and before the Perform Quantitative Risk Analysis process. The risk management team leader should not conduct the qualitative risk analysis before developing the risk management plan and identifying the risks.
Plan a solid risk response plan and secure the necessary funding: This is not a valid option because the risk response plan is part of the Plan Risk Responses process, which comes after the Perform Qualitative Risk Analysis and Perform Quantitative Risk Analysis processes. The risk management team leader should not plan the risk response plan and secure the necessary funding before developing the risk management plan, identifying, and analyzing the risks.
Benchmark to an organization which has executed a similar project: This is not a valid option because benchmarking is a technique for risk identification, but it is not the only one. The risk management team leader should use a combination of techniques to identify risks, not just focus on one aspect. Also, benchmarking is not the same as educating stakeholders, which implies providing training, coaching, and guidance on risk management best practices.
References: PMI-RMP Handbook1, PMBOK Guide2, Practice Standard for Project Risk Management2


NEW QUESTION # 63
The project team is updating the risk register with the minimum acceptable level of exposure and impact for each risk. The team also wants to determine if they have reached the maximum level of exposure before they escalate the risk.
What should the team perform in this scenario?

  • A. Quantitative risk analysis
  • B. Risk urgency assessment
  • C. Monitor and control risks
  • D. Risk response planning

Answer: A

Explanation:
Explanation
Quantitative risk analysis helps determine the minimum acceptable level of exposure and impact for each risk.
It also helps to understand if the maximum level of exposure has been reached before escalating the risk.
(Reference: PMBOK Guide, 6th Edition, p. 423)


NEW QUESTION # 64
A project manager wants to represent the distribution of uncertainty around a risk model element. However, good data on the variability, of the risk model element has not been collected, and only contains minimum and maximum values.
What curve should the project manager use to represent the distribution?

  • A. Uniform
  • B. Lognormal
  • C. Normal
  • D. Beta

Answer: D


NEW QUESTION # 65
Ruth is the project manager of ISFH project for her company. This project is forty percent complete and it appears that some risk events are going to happen in the project that will have an adverse affect on the project. Ruth creates a change request regarding the risks. Is this a valid response?

  • A. No, change requests should not address risks, only risk response strategies should be issued.
  • B. No, change requests should not address pending risks, but only scope changes.
  • C. Yes, change requests can be recommended for corrective actions for contingency plans.
  • D. Yes, change requests can ask for additional funds to pay for the risk impact.

Answer: C


NEW QUESTION # 66
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