[Nov-2023] PMI-RMP Dumps Full Questions - Project Management Professional Exam Study Guide
Exam Questions and Answers for PMI-RMP Study Guide
Achieving PMI-RMP certification can provide numerous benefits to individuals and organizations. For individuals, it can increase job opportunities, career advancement, and earning potential. For organizations, it can improve project outcomes, reduce project risk, and increase stakeholder confidence. Overall, the PMI-RMP certification demonstrates a commitment to excellence in risk management and a dedication to delivering successful projects.
NEW QUESTION # 14
Della works as a project manager for SoftTech Inc. She is working with the project stakeholders to begin the quantitative risk analysis process. Which of the following inputs will be needed for the quantitative risk analysis process in her project? Each correct answer represents a complete solution. Choose all that apply.
- A. Project scope statement
- B. Cost management plan
- C. Risk register
- D. Risk management plan
Answer: B,C,D
NEW QUESTION # 15
Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology. Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?
- A. Project scope statement
- B. Risk low-level watch list
- C. Risk register
- D. Project charter
Answer: C
NEW QUESTION # 16
You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. You will need all of the following as inputs to the qualitative risk analysis process except for which one?
- A. Project scope statement
- B. Risk management plan
- C. Risk register
- D. Stakeholder register
Answer: D
NEW QUESTION # 17
You work as a project manager for BlueWell Inc. You are involved with the project team on the different risk issues in your project. You are using the applications of IRGC model to facilitate the understanding and managing the rising of the overall risks that have impacts on the economy and society. One of your team member wants to know that what is the need to use the IRGC. What will be your reply?
- A. IRGC addresses the development of resilience and the capacity of organizations and people to face unavoidable risks.
- B. IRGC addresses questions such as the understanding of the secondary impacts of a risk.
- C. IRGC models aim at building robust, integrative inter-disciplinary governance models for emerging and existing risks.
- D. IRGC is both a concept and a tool.
Answer: C
NEW QUESTION # 18
Which of the following techniques for planning risk response can provide a means of identifying symptoms for use as trigger conditions for contingency responses?
- A. Root cause analysis
- B. Quantitative risk analysis
- C. Involving selected exons in the process
- D. Ensuring that actions are available to address significant events before their occurrence
Answer: B
NEW QUESTION # 19
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. $23,750
- C. $232,000
- D. $41,750
Answer: B
NEW QUESTION # 20
You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?
- A. Risk identification is an iterative process so any changes to the low probability and low impact risks will be reassessed throughout the project life cycle.
- B. Risks with low probability and low impact are recorded in a watchlist for future monitoring.
- C. All risks are recorded in the risk management plan.
- D. All risks, regardless of their assessed impact and probability, are recorded in the risk log.
Answer: B
Explanation:
Explanation/Reference:
NEW QUESTION # 21
Frank is the project manager of the NHL Project for his company and he is starting the risk identification process for the project. Frank needs to ensure that the correct stakeholders are interviewed as part of risk identification. What document will help Frank to communicate and solicit inputs of the project stakeholders during risk identification?
- A. Requirements management plan
- B. Project charter
- C. Risk register
- D. Stakeholder register
Answer: D
Explanation:
Explanation
NEW QUESTION # 22
Harold is the project manager of a large project in his organization. He has been actively communicating and working with the project stakeholders. One of the outputs of the manage stakeholder expectations process can actually create new risk events for Harold's project. Which output of the manage stakeholder expectations process can create risks?
- A. Project document updates
- B. Change requests
- C. Project management plan updates
- D. Organizational process assets updates
Answer: B
NEW QUESTION # 23
The Project Risk Management knowledge area focuses on which of the following processes? Each correct answer represents a complete solution. Choose all that apply.
- A. Potential Risk Monitoring
- B. Quantitative Risk Analysis
- C. Risk Monitoring and Control
- D. Risk Management Planning
Answer: B,C,D
NEW QUESTION # 24
Which of the following statements describe the purpose of an Issue Log? Each correct answer represents a complete solution. Choose all that apply.
- A. It tracks the actions taken to resolve the issue.
- B. It analyzes the impact that the issue is having on the project.
- C. It tracks the outcome of the actions taken.
- D. It addresses the risks that could affect the project.
Answer: A,B,C
NEW QUESTION # 25
You work as the project manager for Bluewell Inc. Your project has several risks that will affect several stakeholder requirements. Which project management plan will define who will be available to share information on the project risks?
- A. Resource Management Plan
- B. Risk Management Plan
- C. Stakeholder management strategy
- D. Communications Management Plan
Answer: D
NEW QUESTION # 26
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. Scope statement
- C. Technical documentation
- D. Lessons learned
Answer: C
NEW QUESTION # 27
Tom is the project manager for his organization. In his project he has recently finished the risk response planning. He tells his manager that he will now need to update the cost and schedule baselines. Why would the risk response planning cause Tom the need to update the cost and schedule baselines?
- A. Risk responses protect the time and investment of the project.
- B. New or omitted work as part of a risk response can cause changes to the cost and/or schedule baseline.
- C. Risk responses may take time and money to implement.
- D. Baselines should not be updated, but refined through versions.
Answer: B
NEW QUESTION # 28
Kelly is the project manager of the NNQ Project for her company. This project will last for one year and has a budget of $350,000. Kelly is working with her project team and subject matter experts to begin the risk response planning process. When the project manager begins the plan risk response process, what two inputs will she need?
- A. Risk register and the risk management plan
- B. Risk register and the results of risk analysis
- C. Risk register and the risk response plan
- D. Risk register and power to assign risk responses
Answer: A
NEW QUESTION # 29
You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure:
If Risk D happens in this project, how much will be left in the contingency reserve?
- A. $440,000
- B. $243,500
- C. $233,500
- D. $258,500
Answer: C
NEW QUESTION # 30
A budget change request was initiated by a functional manager in an organization due to a shortage in the functional manager's department budget. The functional manager asks the CEO to approve utilization of a contingency budget reserved for one of the projects in its closing phase.
What should the risk manager of the related project have done to prevent this situation from happening?
- A. Educated the project team on budget change requests.
- B. Reformed the risk monitoring and closing process properly.
- C. Created the project work plan and budget more accurately.
- D. Communicated better with the organization's CEO.
Answer: C
Explanation:
Explanation
The risk manager should have ensured a more accurate project work plan and budget to prevent the functional manager from requesting to use the project's contingency budget. A well-planned budget would have avoided the shortage in the functional manager's department budget.
NEW QUESTION # 31
Frank is the project manager of the NHH Project. He is working with the project team to create a plan to document the procedures to manage risks throughout the project. This document will define how risks will be identified and quantified. It will also define how contingency plans will be implemented by the project team.
What document is Frank and the NHH Project team creating in this scenario?
- A. Resource management plan
- B. Project plan
- C. Project management plan
- D. Risk management plan
Answer: D
NEW QUESTION # 32
An organization faces immense competition in the market and decides 10 accelerate a key project. What is the first action for the project risk manager to take?
- A. Ensure sufficient resources are available
- B. Revise the risk management plan
- C. Update the risk register
- D. Meet with the project's stakeholders
Answer: B
Explanation:
Explanation
When a project is accelerated, the risk landscape changes. The project risk manager should first revise the risk management plan to address the new timeline and its potential impacts on the project. This will help in identifying new risks, reassessing existing risks, and updating risk responses.
NEW QUESTION # 33
There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?
- A. Cost management plan
- B. Risk management plan
- C. Enterprise environmental factors
- D. Risk register
Answer: C
NEW QUESTION # 34
You are the project manager of a large construction project. Part of the project involves the wiring of the electricity in the building your project is creating. You and the project team determine the electrical work is too dangerous to perform yourself so you hire an electrician to perform the work for the project. This is an example of what type of risk response?
- A. Avoidance
- B. Acceptance
- C. Transference
- D. Mitigation
Answer: C
NEW QUESTION # 35
......
PMI-RMP Certification Exam is a rigorous test consisting of 170 multiple-choice questions that must be completed within 3.5 hours. PMI-RMP exam covers five domains of risk management, including risk strategy and planning, stakeholder engagement, risk process facilitation, risk monitoring and reporting, and performing specialized risk analysis. Candidates who successfully pass the exam can earn the PMI-RMP certification, which is valid for three years and requires ongoing professional development to maintain.
PMI PMI-RMP Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
PMI Risk Management Professional Free Update With 100% Exam Passing Guarantee: https://www.dumptorrent.com/PMI-RMP-braindumps-torrent.html
Real Exam Questions and Answers - PMI PMI-RMP Dump is Ready: https://drive.google.com/open?id=1VOEZ4g9dER6OB5enTgxTgYlN4a2i8Whx