100% Updated PMI PMI-RMP Enterprise PDF Dumps

Use Valid Exam PMI-RMP by DumpTorrent Books For Free Website

NEW QUESTION 154
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. Avoidance
• B. Acceptance
• C. Sharing
• D. Transference

Answer: B

 

NEW QUESTION 155
You work as a project manager for BlueWell Inc. You are currently working with the project stakeholders to identify risks in your project. You understand that the qualitative risk assessment and analysis can reflect the attitude of the project team and other stakeholders to risk. Effective assessment of risk requires management of the risk attitudes of the participants. What should you, the project manager, do with assessment of identified risks in consideration of the attitude and bias of the participants towards the project risk?

• A. Evaluate and document the bias towards the risk events
• B. Evaluate the bias through SWOT for true analysis of the risk events
• C. Evaluate the bias towards the risk events and correct the assessment accordingly
• D. Document the bias for the risk events and communicate the bias with management

Answer: C

 

NEW QUESTION 156
You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital should the project set aside for the risk contingency reserve?

• A. $142,000
• B. $41,750
• C. $232,000
• D. $23,750

Answer: D

 

NEW QUESTION 157
You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to use the new materials can also be known as what term?

• A. Cost-benefits analysis
• B. Benchmarking
• C. Cost of conformance to quality
• D. Team development

Answer: C

Explanation:
Explanation/Reference:

 

NEW QUESTION 158
You are the project manager of the BlueStar project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the qualitative risk analysis process. What will you need as inputs for the qualitative risk analysis of the project in this scenario?

• A. Qualitative risk analysis does not happen through the project manager in a functional structure.
• B. You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
• C. You will need the risk register, risk management plan, project scope statement, and any relevant organizational process assets.
• D. You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.

Answer: C

 

NEW QUESTION 159
You are the project manager of the GHG project for your company. You have identified the project risks, completed qualitative and quantitative analysis, and created risk responses. You also need to document how and when risk audits will be performed in the project. Where will you define the frequency of risk audits?

• A. Schedule management plan
• B. Quality management plan
• C. Risk response plan
• D. Risk management plan

Answer: D

Explanation:
Explanation

 

NEW QUESTION 160
Courtney is the project manager for her organization. She is working with the project team to complete the qualitative risk analysis for her project. During the analysis Courtney encourages the project team to begin the grouping of identified risks by common causes. What is the primary advantage to group risks by common causes during qualitative risk analysis?

• A. It can lead to the creation of risk categories unique to each project.
• B. It saves time by collecting the related resources, such as project team members, to analyze the risk events.
• C. It helps the project team realize the areas of the project most laden with risks.
• D. It can lead to developing effective risk responses.

Answer: D

 

NEW QUESTION 161
Holly is the project manager of the GHH Project. During risk identification and the subsequent risk analysis process she has identified a risk with a high probability and high impact for her project. She and the stakeholder agree that the project management plan should be changed to eliminate the risk threat entirely. What risk response has Holly used in this instance?

• A. This is the transference risk response.
• B. This is the avoidance risk response.
• C. This is a scope change and not a risk response.
• D. This is the risk mitigation response.

Answer: B

 

NEW QUESTION 162
Ted is the project manager of the HRR project for his company. Management has asked that Ted periodically reviews the contingency reserve as risk events happen, pass, or are still pending. What is the purpose of reviewing the contingency reserve?

• A. It helps to evaluate if the remaining reserve is adequate for the risk exposure.
• B. It helps to determine how much more funds will need to be invested in the project.
• C. It helps to determine the probability and impact of project risks.
• D. It helps to evaluate secondary and residual risks related to the risk responses and their costs.

Answer: A

 

NEW QUESTION 163
You are interviewing members of a project team to test their understanding of the assigned risk responses as risk owners. You and the project manager are working together to evaluate the risk responses to determine their effectiveness in the project. What project management technique are you performing with the project manager in this scenario?

• A. Risk identification with the project team
• B. Risk analysis
• C. Risk audits
• D. Stakeholder analysis as the project team is a stakeholder

Answer: C

 

NEW QUESTION 164
Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project.
Which of the following inputs of the identify risks process is useful in identifying risks, and provides a quantitative assessment of the likely cost to complete the scheduled activities?

• A. Activity cost estimates
• B. Risk management plan
• C. Cost management plan
• D. Activity duration estimates

Answer: A

 

NEW QUESTION 165
You are the project manager for a construction project. The project involves casting of a column in a very narrow space. Because of lack of space, casting it is highly dangerous. High technical skill will be required for casting that column. You decide to hire a local expert team for casting that column. Which of the following types of risk response are you following?

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

Answer: B

 

NEW QUESTION 166
You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated.
Which project management process is responsible for these actions?

• A. Risk analysis
• B. Risk identification
• C. Risk planning
• D. Risk monitoring and controlling

Answer: D

 

NEW QUESTION 167
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. Risk Breakdown Structure
• B. Technical documentation
• C. Lessons learned
• D. Scope statement

Answer: B

 

NEW QUESTION 168
Diana is the project manager of the QPS project for her company. In this project Diana and the project team have identified a pure risk. Diana and the project team decided, along with the key stakeholders, to remove the pure risk from the project by changing the project plan altogether. What is a pure risk?

• A. It is a risk event that only has a negative side, such as loss of life or limb.
• B. It is a risk event that is generated due to errors or omission in the project work.
• C. It is a risk event that cannot be avoided because of the order of the work.
• D. It is a risk event that is created by a risk response.

Answer: A

 

NEW QUESTION 169
You are the project manager for the TTR project. You are in the process of gathering information for risk identification. You ask experts to participate in the process through their emails for maintaining anonymity. You collect the responses, summarize them, and are then re-circulated to the experts for further comment. Which of the following techniques are you using for risk identification?

• A. SWOT analysis
• B. Expert judgment
• C. Brainstorming
• D. Delphi

Answer: D

 

NEW QUESTION 170
Jenny is the project manager of the NHJ Project for her company. She has identified several positive risk events within the project and she thinks these events can save the project time and money. You, a new team member wants to know that how many risk responses are available for a positive risk event. What will Jenny reply to you?

• A. Acceptance is the only risk response for positive risk events.
• B. Seven
• C. Four
• D. Three

Answer: C

Explanation:
Explanation/Reference:

 

NEW QUESTION 171
Your organization, as part of its enterprise environmental factors, has established risk governance to be implemented in each project. Part of this governance is the reassessment of risks within each project. How much detail and repetition in approach for risks to be reassessed for probability and impact?

• A. The amount of detail of repetition that is appropriate depends on how the project progresses relative to its objectives.
• B. The probability and impact of risk event should determine the level of reassessment throughout the project lifecycle.
• C. Each risk reassessment should go into the same depth as the original risk assessment activity.
• D. The level of detail and reassessment should reflect the priority of the project.

Answer: A

 

NEW QUESTION 172
Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks, and provides a quantitative assessment of the likely cost to complete the scheduled activities?

• A. Activity cost estimates
• B. Risk management plan
• C. Cost management plan
• D. Activity duration estimates

Answer: A

 

NEW QUESTION 173
Wendy is the project manager of the NNJ project for her company. As part of the variance and trend analysis tool and technique for risk governance she is using earned value management. In this approach, Wendy wants to track and compare the cost and schedule variances. What is the point of this tool and technique in regard to risk?

• A. Wendy can forecast deviation of the project cost and schedule for completion targets.
• B. Wendy can review quality performance on baselines.
• C. Wendy can determine a true project completion date.
• D. Wendy can track the cost and schedule variances.

Answer: A

 

NEW QUESTION 174
You are the project manager for BlueWell Inc. You are reviewing the risk register for your project. The risk register provides much information to you, the project manager and to the project team during the risk response planning. All of the following are included in the risk register except for which item?

• A. Symptoms and warning signs of risks
• B. Network diagram analysis of critical path activities
• C. List of potential risk responses
• D. Trends in qualitative risk analysis results

Answer: B

 

NEW QUESTION 175
The project manager wants risk metrics established for the new project. Which of the following metrics listed is best suited for this purpose?

• A. Effectiveness of response plans
• B. Number of approved project change requests
• C. Effectiveness of the work breakdown structure
• D. Number of detects identified

Answer: A

Explanation:
Explanation

 

NEW QUESTION 176
You are the project manager for your organization. You are working with your project team to complete the qualitative risk analysis process. The first tool and technique you are using requires that you assess the probability and what other characteristic of each identified risk in the project?

• A. Cost
• B. Risk category
• C. Risk owner
• D. Impact

Answer: D

 

NEW QUESTION 177
......

PMI PMI-RMP Official Cert Guide PDF: https://www.dumptorrent.com/PMI-RMP-braindumps-torrent.html

Free PMI Certification PMI-RMP Official Cert Guide PDF Download: https://drive.google.com/open?id=1-jAGV2paE0B_Q8QH-BzpwLrly3SZ90e5