HIGH PASS-RATE FREE PMI-RMP UPDATES AND RELIABLE HOT PMI-RMP SPOT QUESTIONS & EXCELLENT PMI RISK MANAGEMENT PROFESSIONAL EXAM MATERIAL

High Pass-Rate Free PMI-RMP Updates and Reliable Hot PMI-RMP Spot Questions & Excellent PMI Risk Management Professional Exam Material

High Pass-Rate Free PMI-RMP Updates and Reliable Hot PMI-RMP Spot Questions & Excellent PMI Risk Management Professional Exam Material

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Eliminates confusion while taking the PMI PMI-RMP certification exam. Prepares you for the format of your PMI PMI-RMP exam dumps, including multiple-choice questions and fill-in-the-blank answers. Comprehensive, up-to-date coverage of the entire PMI PMI-RMP Certification curriculum.

If you want to highlight your skills in identifying and assessing project risks, mitigating threats, and capitalizing on opportunities, the PMI Risk Management Professional certification is ideal for you. Obtaining this certificate places you aside from other specialists and brings honor to your organization. All you have to do is pass the associated exam, which is PMI-RMP. Thus, if you’re waiting for greater recognition, this test will evaluate your expertise and help you stand out to the stakeholders, peers, and employers.

To prepare for the PMI-RMP certification exam, candidates can use a variety of resources, including study guides, online training courses, and practice exams. PMI also offers an official PMI-RMP Exam Prep course that covers all the domains of risk management and provides practice questions and quizzes. Candidates can also join study groups or participate in online forums to discuss concepts and share experiences. With thorough preparation and dedication, candidates can pass the PMI-RMP Certification Exam and achieve a valuable certification that will benefit their careers in risk management.

PMI-RMP certification is highly regarded in the project management industry as it demonstrates an individual's commitment to enhancing their risk management skills. PMI Risk Management Professional certification program covers topics such as project risk management processes, risk identification, risk analysis, risk response planning, and risk monitoring and control. By obtaining this certification, professionals can showcase their expertise in risk management and demonstrate their ability to enhance the overall success of a project.

PMI Risk Management Professional Sample Questions (Q82-Q87):

NEW QUESTION # 82
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. Draft threat and opportunity risks that come to mind.
  • B. Review published operational experience reports.
  • C. Import a risk register from other industry chemical laboratories.
  • D. Define chemical laboratory safety risk thresholds.

Answer: B

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, assumptionslog, 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 identifyrisks, but rather toevaluate 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; RiskManagement Professional (PMI-RMP)® Cert Guide, pages 63-642; Risk Management Professional Exam Outline, page 73.


NEW QUESTION # 83
During the execution of a multi-million dollar project, the project manager learns of the theft of important installation materials at one of the most time-critical sites. The project manager contacts the risk manager to discuss further steps, based on the risk register and the defined risk strategy for the risk of theft. However, the risk manager clarifies that the risk of theft was not identified in the risk management process.
What should the project manager do next?

  • A. Instruct the risk manager to transfer the risk of theft to an insurance company and capture the experience in the lessons learned.
  • B. Update the project schedule and inform the stakeholders about the project schedule delay.
  • C. Deal with the issue and instruct the risk manager to include the risk of theft in the issue log.
  • D. Make the risk manager responsible for the damage caused by the missing risk strategy for theft and update the project schedule.

Answer: C


NEW QUESTION # 84
You work as a project manager for BlueWell Inc. You want to create a visual diagram, which can depict the resources that will be used within the project. Which of the following diagrams will you create to accomplish the task?

  • A. Roles and responsibility matrix
  • B. RACI chart
  • C. Resource breakdown structure
  • D. Work breakdown structure

Answer: C


NEW QUESTION # 85
The project manager performed' a variance analysis on the project during the execution phase. The variances were shown as increasing What does this result imply?

  • A. There is no potential for future deviation.
  • B. The project schedule is lagging behind.
  • C. The project is over budget.
  • D. The uncertainty and risk are increasing.

Answer: D

Explanation:
Explanation
Increasing variances during the execution phase imply that the uncertainty and risk are increasing, as the project performance is deviating from the planned values.
According to the PMBOK Guide - Sixth Edition1, variance analysis is a technique used to compare the actual performance of the project against the planned or expected performance. It can be applied to various aspects of the project, such as scope, schedule, cost, quality, and risk. Variance analysis can help identify deviations from the baseline and determine the causes and impacts of those deviations. If the variances are shown as increasing, it means that the actual performance is deviating more and more from the planned performance, which implies that the uncertainty and risk are increasing. This could affect the project objectives and deliverables, and require corrective or preventive actions to bring the project back on track. The other options are not correct, as they are either too specific (B and D) or contradictory to the result of the variance analysis. References: PMBOK Guide - Sixth Edition, pages 262-263.


NEW QUESTION # 86
After a number of risk workshops, risks have been identified. Which is the first element the risk owner should look for in the response plan to help mitigate the risks?

  • A. How the response will affect the quality of the components
  • B. If the risk response is tied to an activity on the critical path
  • C. Probability of a response triggering a secondary risk
  • D. Verify due dates for the actions have been identified

Answer: D

Explanation:
The first element the risk owner should look for in the response plan is to verify that due dates for the actions have been identified. This ensures that risk mitigation actions are timely and can be effectively monitored.
After identifying the risks and assigning risk owners, the next step is to develop risk response plans that describe how to address each risk. The first element that the risk owner should look for in the response plan is the due date for the actions that are required to implement the response. The due date is important because it helps to prioritize the risk response activities, monitor the progress of the risk response, and ensure that the response is executed in a timely manner. The due date also helps to align the risk response with the project schedule and avoid any delays or conflicts. The other elements, such as the probability of a secondary risk, the impact on the quality of the components, and the relationship with the critical path, are also relevant for the risk response plan, but they are not the first element that the risk owner should look for. References: PMI,
2017. A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition. Newtown Square, PA: Project Management Institute, Inc., pp. 407-4081


NEW QUESTION # 87
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