About Me

Full Name

Sean Miller Sean Miller

Bio

PMI-RMP Braindumps - Valid Dumps PMI-RMP Free

DOWNLOAD the newest TestValid PMI-RMP PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1ihCmFLxnQaOO5F0s9g4QzOkWJcaZibe7

The PMI PMI-RMP certification provides is beneficial to accelerate your career in the tech sector. Today, the PMI PMI-RMP certification is a fantastic choice to get high-paying jobs and promotions, and to achieve it, you must crack the challenging PMI-RMP Exam. It is critical to prepare with actual PMI Risk Management Professional (PMI-RMP) exam questions if you have less time and want to clear the test in a short time. You will fail and waste time and money if you do not prepare with real and updated PMI-RMP Questions.

Individuals who successfully pass the PMI PMI-RMP Certification Exam will receive a certificate that is valid for three years. To maintain their certification, individuals must earn at least 30 professional development units (PDUs) in risk management every three years.

>> PMI-RMP Braindumps <<

Valid Dumps PMI-RMP Free | Interactive PMI-RMP Questions

Our qualified team of PMI PMI Risk Management Professional study material to improve the quality and to match the changes in the syllabus and pattern shared by PMI-RMP. Our desktop PMI PMI-RMP Practice Exam software is designed for all those candidates who want to learn and practice in the actual PMI PMI-RMP exam environment.

PMI Risk Management Professional Sample Questions (Q158-Q163):

NEW QUESTION # 158
You are the project manager of the BJA Project for your company. Management is worried about one of the identified risks in your project. The risk event has a probability of 90 percent and a cost impact of
$85,000. Management and you discuss possible solutions to address the risk. You share with them that for
$75,000 you can reduce the probability of the risk event to 15 percent and the impact to $25,000. This solution will add three weeks to the project schedule. Management thinks this is a good idea and they would like you to add the time and cost additions to your project plan. What type of risk response is used?

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

Answer: B

 

NEW QUESTION # 159
A project manager wants to work on understanding the project risks. The project manager works with the integrated project team to develop the risk handling strategies for the identified risks.
How should the project manager work with these risk handling strategies?

  • A. Implement the strategies immediately.
  • B. Implement the strategies after completing the risk analysis.
  • C. Review and revise the strategies periodically.
  • D. Ensure the strategies are approved by the stakeholders.

Answer: C

Explanation:
Risk handling strategies should be reviewed and revised periodically to ensure they remain effective and relevant as the project progresses. This allows the project manager to adapt to changing circumstances and minimize the impact of risks on the project.
According to the PMBOK® Guide, risk handling strategies are the specific actions that are taken to implement the risk response plan. The risk response plan is the output of the Plan Risk Responses process, which describes how the project team intends to address the identified risks. The risk handling strategies should be aligned with the risk response strategies, which are the general approaches to deal with the risks, such as avoid, transfer, mitigate, accept, exploit, share, enhance, or accept.
The project manager should work with the risk handling strategies by reviewing and revising them periodically. This is because the project risks are not static, but dynamic and uncertain. They may change over time due to various factors, such as changes in the project scope, schedule, cost, quality, resources, stakeholder expectations, assumptions, constraints, etc. Therefore, the project manager should monitor and control the risk handling strategies to ensure that they are still effective and appropriate for the current risk situation. The project manager should also update the risk register and the risk report with the results of the risk handling strategies, such as the residual risks, secondary risks, and risk triggers.
The other options are not valid for how the project manager should work with the risk handling strategies:
* Implement the strategies after completing the risk analysis: This is not a valid option because the risk analysis is not the final step in the risk management process. The risk analysis is part of the Perform Qualitative Risk Analysis and Perform Quantitative Risk Analysis processes, which come after the Identify Risks process and before the Plan Risk Responses process. The risk analysis helps the project manager to prioritize and evaluate the risks, but it does not provide the specific actions to address them. The risk handling strategies are developed in the Plan Risk Responses process, which comes after the risk analysis.
* Implement the strategies immediately: This is not a valid option because the risk handling strategies should not be implemented without proper planning and approval. The risk handling strategies should be documented in the risk response plan, which should be communicated and approved by the project sponsor, customer, and other relevant stakeholders. The risk handling strategies should also be integrated with the other project management plans, such as the scope, schedule, cost, quality, resource, communication, procurement, and stakeholder management plans. The risk handling strategies should be implemented only when the risk triggers or conditions occur, or when the project manager decides to do so based on the risk analysis and evaluation.
* Ensure the strategies are approved by the stakeholders: This is not a valid option because the approval of the risk handling strategies is not the only thing that the project manager should do with them. The approval of the risk handling strategies is part of the Plan Risk Responses process, which comes before the Implement Risk Responses and Monitor Risks processes. The project manager should also implement, monitor, and control the risk handling strategies to ensure that they are effective and appropriate for the current risk situation.
References: PMBOK® Guide1, Risk Management Professional (PMI-RMP)® Cert Guide1

 

NEW QUESTION # 160
The risk manager of a major project needs to ensure the organizational process assets (OPAsj are updated as a result of risk management activities. How will the risk manager accomplish this?

  • A. Ensuring that the project sponsor is kept well-informed
  • B. Communicating the status of risks regularly to stakeholders
  • C. Arranging periodic risk: management process audits
  • D. Monitoring costs with intervention when necessary

Answer: C

 

NEW QUESTION # 161
Sammy is the project manager for her organization. She would like to rate each risk based on its probability and affect on time, cost, and scope. Harry, a project team member, has never done this before and thinks Sammy is wrong to attempt this approach. Harry says that an accumulative risk score should be created, not three separate risk scores. Who is correct in this scenario?

  • A. Sammy is correct, because organizations can create risk scores for each objective of the project.
  • B. Harry is correct, the risk probability and impact matrix is the only approach to risk assessment.
  • C. Harry is correct, because the risk probability and impact considers all objectives of the project.
  • D. Sammy is correct, because she is the project manager.

Answer: A

 

NEW QUESTION # 162
You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?

  • A. Monte Carlo Technique
  • B. Pareto modeling
  • C. Analogous modeling
  • D. Expected Monetary Value

Answer: A

 

NEW QUESTION # 163
......

If you can own the certification means that you can do the job well in the area so you can get easy and quick promotion. The latest PMI-RMP quiz torrent can directly lead you to the success of your career. Our materials can simulate real operation exam atmosphere and simulate exams. The download and install set no limits for the amount of the computers and the persons who use PMI-RMP Test Prep. So we provide the best service for you as you can choose the most suitable learning methods to master the PMI-RMP exam torrent. Believe us and if you purchase our product it is very worthy.

Valid Dumps PMI-RMP Free: https://www.testvalid.com/PMI-RMP-exam-collection.html

DOWNLOAD the newest TestValid PMI-RMP PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1ihCmFLxnQaOO5F0s9g4QzOkWJcaZibe7

0 Enrolled Courses
0 Active Courses
0 Completed Courses
0 Total Students
0 Total Courses
0 Total Reviews
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Additional information
Click outside to hide the comparison bar
Compare