PMI-RMP REAL QUESTIONS - TESTKING REAL EXAM - PMI RISK MANAGEMENT PROFESSIONAL VCE

PMI-RMP real questions - Testking real exam - PMI Risk Management Professional VCE

PMI-RMP real questions - Testking real exam - PMI Risk Management Professional VCE

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PMI-RMP certification exam is designed to assess the knowledge and skills of professionals in the field of risk management. PMI-RMP Exam is administered by the Project Management Institute (PMI) and is intended for individuals who are responsible for identifying, assessing, and mitigating project risks. The PMI-RMP certification is recognized worldwide as a mark of excellence in risk management.

To be eligible for the PMI-RMP Certification Exam, candidates must meet specific education and experience requirements. They must have a minimum of a high school diploma or equivalent, at least 4,500 hours of project risk management experience, and 40 hours of project risk management education. Alternatively, candidates with a bachelor's degree or higher require only 3,000 hours of project risk management experience and 30 hours of project risk management education.

PMI Risk Management Professional Sample Questions (Q101-Q106):

NEW QUESTION # 101
The team has just completed a risk response planning session and identified responses for all the high and medium priority risks. What should the team do with the remaining low priority risks?

  • A. Create risk responses later, as time allows.
  • B. Add the risks to a watchlist for periodic monitoring.
  • C. Remove the risks from the risk register.
  • D. Conduct a low priority risk response planning workshop with key stakeholders.

Answer: D


NEW QUESTION # 102
The feasibility of the risk management planning is dependent upon which of the following aspects of the organization?

  • A. Culture, people and infrastructure capabilities
  • B. Alignment with industry standard requirements
  • C. Level of risk management maturity
  • D. Competitive market share

Answer: A


NEW QUESTION # 103
The project manager asks the risk manager to determine the initial risk assessment for a six month initiative that is about to kick-off. Which two artifacts will help the risk manager conduct the related analysis? (Choose two.)

  • A. Monte Carlo analysis
  • B. Project organizational chart
  • C. Work breakdown structure (W&S)
  • D. Configuration management plan
  • E. Brainstorming

Answer: A,C

Explanation:
Explanation
The work breakdown structure (WBS) will help the risk manager in understanding the project's scope and identifying potential risks at different levels of the project. Monte Carlo analysis is a quantitative risk analysis technique that can be used to assess the impact of identified risks on the project's schedule and cost.


NEW QUESTION # 104
A subcontractor working on a project may cause delays in the construction schedule. The project manager records this risk in the risk register and issues a change request sponsor rejects the change request.
What should the project manager have done differently?

  • A. Executed the risk strategy response and recorded it in the risk register.
  • B. Informed the client and the project sponsor that the request is being submitted.
  • C. Contacted the other stakeholders so they know the request is in process.
  • D. Performed an analysis to affirm the request is valid before submitting.

Answer: D

Explanation:
The project manager should have performed an analysis to ensure that the change request was valid and well-supported before submitting it to the sponsor. This would help in making a strong case for the change request and increase the chances of its approval.
The project manager should have performed an analysis to affirm the request is valid before submitting, as this would help to justify the need for the change and to demonstrate its impact on the project objectives, scope, schedule, cost, quality, and risk. The project manager should also have consulted with the project team, the subcontractor, and the risk owner to determine the best risk response strategy and to estimate the resources and time required for the change. By performing an analysis, the project manager could have increased the chances of getting the change request approved by the sponsor and avoided wasting time and effort on an invalid request. Reference: The Standard for Risk Management in Portfolios, Programs, and Projects, page 79; PMBOK Guide, 6th edition, page 115.


NEW QUESTION # 105
A risk manager has been assigned to a project constructing a chemical laboratory. Unfamiliar with chemical laboratories, the risk manager is unsure of where to start objectively identifying risks.
What should the risk manager do?

  • A. Review published operational experience reports.
  • B. Draft threat and opportunity risks that come to mind.
  • C. Import a risk register from other industry chemical laboratories.
  • D. Define chemical laboratory safety risk thresholds.

Answer: A

Explanation:
Explanation
Reviewing published operational experience reports from similar projects or industries can help the risk manager objectively identify risks for the chemical laboratory project. These reports provide valuable insights into potential risks and lessons learned from other projects.
According to the PMBOK Guide, one of the tools and techniques for the identify risks process is data gathering. Data gathering is the process of collecting information from various sources to identify potential risks that may affect the project objectives. One of the data gathering techniques is document analysis, which involves reviewing and analyzing available project documents and other information sources to identify potential risks. Some of the documents that can be analyzed are project charter, project management plan, stakeholder register, assumptions log, agreements, and lessons learned1.
One of the information sources that can be useful for identifying risks in a project constructing a chemical laboratory is published operational experience reports. These are reports that document the experiences, lessons learned, best practices, and recommendations from other organizations or projects that have constructed or operated chemical laboratories. These reports can provide valuable insights into the common risks, challenges, and opportunities that are associated with chemical laboratory projects, such as safety hazards, environmental regulations, equipment failures, design specifications, quality standards, and stakeholder expectations. By reviewing published operational experience reports, the risk manager can objectively identify risks that are relevant and applicable to their project, as well as learn from the successes and failures of others23.
Some of the other options are not relevant or appropriate for the question scenario:
Importing a risk register from other industry chemical laboratories is not a valid option, as it would not allow the risk manager to objectively identify risks that are specific and unique to their project. A risk register is a document that records the identified risks, their causes, impacts, responses, owners, and other information related to the risk management process. A risk register is a project-specific document that reflects the characteristics, objectives, and context of a particular project. Importing a risk register from other industry chemical laboratories would not ensure that the risks are relevant, accurate, or comprehensive for the risk manager's project. Moreover, it would violate the intellectual property rights and confidentiality agreements of the other projects1.
Defining chemical laboratory safety risk thresholds is not a tool or technique for identifying risks, but rather for performing qualitative risk analysis. Risk thresholds are the measures of the level of uncertainty or the level of impact at which a stakeholder may have a specific interest. Risk thresholds are used to determine the significance of each risk and to prioritize them for further analysis or action. Defining chemical laboratory safety risk thresholds would not help the risk manager to objectively identify risks, but rather to evaluate them1.
Drafting threat and opportunity risks that come to mind is not an objective or systematic way of identifying risks, but rather a subjective and intuitive one. This option would rely on the risk manager's personal judgment, experience, or creativity, which may not be sufficient or reliable for identifying risks in a project constructing a chemical laboratory. This option would also not ensure that the risks are based on factual and verifiable information sources, such as project documents or published reports. Drafting threat and opportunity risks that come to mind would not help the risk manager to objectively identify risks, but rather to generate them1.
References: PMBOK Guide, 6th edition, pages 397-399, 414-415, 431-432, 441-4421; Risk Management Professional (PMI-RMP) Cert Guide, pages 63-642; Risk Management Professional Exam Outline, page 73.


NEW QUESTION # 106
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