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PMI-RMP Valid Exam Duration - Quiz PMI-RMP PMI Risk Management Professional First-grade Valuable Feedback

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The PMI Risk Management Professional PMI-RMP certification is a unique way to level up your knowledge and skills. With the PMI Risk Management Professional PMI-RMP credential, you become eligible to get high-paying jobs in the constantly advancing tech sector. Success in the PMI PMI-RMP examination also boosts your skills to land promotions within your current organization. Are you looking for a simple and quick way to crack the PMI PMI-RMP examination? If you are, then rely on PMI-RMP Exam Dumps.

PMI-RMP (PMI Risk Management Professional) certification exam is a specialized certification offered by the Project Management Institute (PMI). PMI Risk Management Professional certification is designed for professionals who specialize in identifying, assessing, and managing risks within a project or organization. PMI-RMP exam covers a range of topics related to risk management, including risk identification, risk analysis, risk response planning, and risk monitoring and control.

PMI-RMP certification exam is based on the PMI Risk Management Framework, which encompasses the entire risk management process from risk identification to risk response. PMI-RMP Exam Tests the candidate's ability to identify, assess, and prioritize risks, as well as develop and implement risk response strategies. PMI Risk Management Professional certification also covers risk monitoring and control, which involves tracking and reporting on the effectiveness of risk response strategies.

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PMI Risk Management Professional Sample Questions (Q103-Q108):

NEW QUESTION # 103
A project has suffered a big schedule delay and there are still some risks that are close to materializing. The project manager is concerned about communicating this risk level, because the stakeholders might suspend project funding and cancel the project.
How should the risk manager manage the risk level?

A. Communicate risk levels only to the supportive stakeholders.
B. Collaborate with the project manager to communicate risk levels to stakeholders.
C. Coach the project manager on communicating risk levels to stakeholders.
D. Advise the sponsor to meet with the stakeholders to discuss the risk levels.

Answer: B

Explanation:
The most effective and transparent approach is for the risk manager to collaborate with the project manager to communicate risk levels to stakeholders. According to PMI's PMBOK Guide and Practice Standard for Project Risk Management, communication of risk should be timely, consistent, and include all relevant stakeholders-not only those who are supportive. Risk information must not be withheld or selectively communicated as this could damage trust and the integrity of the risk process.
"Effective risk communication involves collaborating with the project manager and stakeholders to ensure risks are reported honestly and objectively... Failure to communicate risks in a timely and complete manner can lead to stakeholder dissatisfaction and jeopardize project objectives."
- PMBOK Guide, 6th Edition, Section 11.5.2.6 (Project Document Updates: Risk Report, Communications Management) Also, the Practice Standard for Project Risk Management states that risk communication should be performed collaboratively to ensure the right message, context, and tone are used.
References:
PMI PMBOK Guide, 6th Edition, Section 11.5
Practice Standard for Project Risk Management, PMI, Section 6.2

NEW QUESTION # 104
You are working with your project stakeholders to identify risks within the JKP Project. You want to use an approach to engage the stakeholders to increase the breadth of the identified risks by including internally generated risk. Which risk identification approach is most suited for this goal?

A. Delphi Technique
B. SWOT analysis
C. Brainstorming
D. Assumptions analysis

Answer: B

NEW QUESTION # 105
Some issues and unexpected results were found after completing the first phase of a project. The project team is planning the next phase and team members want to avoid the previous issues.
What should the risk manager do to avoid the previous issues?

A. Improve monitoring and controlling of activities.
B. Use the information for a risk workshop.
C. Document the issues in the lessons learned.
D. Create an issue log to share with the team.

Answer: B

Explanation:
Explanation
According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline1, one of the tasks in the domain of Risk Identification is to use the information from project documents, lessons learned, and other sources to facilitate the risk identification process1. A risk workshop is a tool and technique for risk identification that involves bringing together the project team, stakeholders, subject matter experts, and risk management experts to identify and analyze the project risks in a structured and collaborative manner2. In this scenario, the risk manager should use the information from the issues and unexpected results found in the first phase of the project for a risk workshop, to avoid the previous issues in the next phase. The risk workshop will help the risk manager and the project team to identify the root causes of the issues, assess their probability and impact, and develop appropriate risk responses. The risk workshop will also enable the risk manager to update the risk register and the risk report with the new information and communicate the risk status to the relevant stakeholders. The risk manager should not improve monitoring and controlling of activities, because that is not a specific action to avoid the previous issues, but rather a general practice that should be done throughout the project life cycle3. The risk manager should not document the issues in the lessons learned, because that is not enough to avoid the previous issues, but rather a way to capture and share the knowledge gained from the project for future reference4. The risk manager should not create an issue log to share with the team, because that is not a proactive risk management technique, but rather a reactive way to track and resolve the issues that have already occurred5. References: 1: PMI Risk Management Professional (PMI-RMP) Examination Content Outline, page 82: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4003: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4564: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 1005: What Is an Issue Log? Templates & Tips6.

NEW QUESTION # 106
Mike is the project manager of the NNP Project for his organization. He is working with his project team to plan the risk responses for the NNP Project. Mike would like the project team to work together on establishing risk thresholds in the project. What is the purpose of a risk threshold?

A. It is a study of the organization's risk tolerance.
B. It is a warning sign that a risk event is going to happen.
C. It is a limit of the funds that can be assigned to risk events.
D. It helps to identify those risks for which specific responses are needed.

Answer: D

NEW QUESTION # 107
One way to make it more likely practice project risk management on projects is to______________

A. Assign each team member a risk to own, which is documented in the risk register
B. Have the team take an orientation class on risk management early in the project
C. Give one team member the responsibility for risk management working in conjunction with the PMO
D. Hold meetings

Answer: D

Explanation:
Meetings are a tool and technique in the control risks process. Risk management should be an agenda item at periodic status meetings. While the amount of time needed for risk management will vary depending on the identified risks, their priority, and the difficulty of the response, the more often risk management is practiced, the easier it becomes. Frequent discussions about risk make it more likely that risks and opportunities will be identified. [Monitoring and Controlling] PMI®, PMBOK® Guide, 2013, 352

NEW QUESTION # 108
......

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