EXAM PMI-RMP COLLECTION - PMI-RMP EXAM DUMPS PDF

Exam PMI-RMP Collection - PMI-RMP Exam Dumps Pdf

Exam PMI-RMP Collection - PMI-RMP Exam Dumps Pdf

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Tags: Exam PMI-RMP Collection, PMI-RMP Exam Dumps Pdf, High PMI-RMP Quality, PMI-RMP Reliable Real Test, Test PMI-RMP Question

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A full PMI PMI-RMP package is required to take each Success in Life. If you want to be successful, you need to prepare well for the PMI Risk Management Professional PMI-RMP exam. Buying the right PMI PMI-RMP Exam Preparation Materials is one way to prepare for it. With the right study tools, you can easily prepare for the PMI Risk Management Professional. Whether you want to study PMI PMI-RMP Exam or pass other PMI Risk Management Professional exam, if you want to prepare for PMI PMI-RMP exam, you can choose PMI PMI-RMP Valid Exam Questions exam.

PMI-RMP certification exam is an advanced-level exam that requires candidates to have a strong understanding of risk management concepts and techniques. PMI-RMP exam consists of 170 multiple-choice questions, which must be completed within four hours. The questions are designed to test a candidate's knowledge in areas such as risk identification, risk assessment, risk response planning, and risk monitoring and control.

PMI-RMP certification exam is designed for individuals who have a background in project management and risk management, and who want to demonstrate their expertise and knowledge in this area. PMI Risk Management Professional certification exam covers a range of topics related to risk management, including risk identification, risk analysis, risk response planning, risk monitoring and control, and risk communication. It also covers industry standards, best practices, and regulations related to risk management.

PMI-RMP certification exam is an essential certification for professionals who want to enhance their risk management skills and improve their career prospects. PMI Risk Management Professional certification is offered by the globally recognized organization for project management professionals, PMI. PMI-RMP Exam Tests the candidate's ability to identify, assess, prioritize, develop and implement risk response strategies, as well as monitoring and reporting on the effectiveness of risk response strategies. To be eligible for the certification, candidates need a minimum of three years of experience in risk management and 30 hours of risk management education.

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PMI PMI-RMP Exam Dumps Pdf & High PMI-RMP Quality

Tech firms award high-paying job contracts to PMI Risk Management Professional (PMI-RMP) certification holders. Every year many aspirants appear in the PMI-RMP test of the certification, but few of them cannot crack it because of not finding reliable PMI Risk Management Professional prep materials. So, you must prepare with real exam questions to pass the certification exam. If you don't rely on actual exam questions, you will fail and loss time and money.

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

NEW QUESTION # 103
Beth is the project manager of the BFG Project for her company. In this project Beth has decided to create a contingency response based on the performance of the project schedule. If the project schedule variance is greater than $10,000 the contingency plan will be implemented. What is the
formula for the schedule variance?

  • A. SV=EV/PV
  • B. SV=EV-PV
  • C. SV=EV/AC
  • D. SV=PV-EV

Answer: B


NEW QUESTION # 104
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. Verify due dates for the actions have been identified
  • B. How the response will affect the quality of the components
  • C. If the risk response is tied to an activity on the critical path
  • D. Probability of a response triggering a secondary risk

Answer: A

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. Reference: PMI, 2017. A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition. Newtown Square, PA: Project Management Institute, Inc., pp. 407-4081


NEW QUESTION # 105
A risk manager manages risks in a construction project. A stakeholder mentions that if there is less than a
50% chance of rain, construction should continue. Another stakeholder says that if there is less than a 60% chance of rain, construction should continue.
What should the risk manager do next to find out the correct limit?

  • A. Find out the stakeholders' risk appetite
  • B. Review the agreed-upon risk tolerance
  • C. Perform a sensitivity analysis of the risk
  • D. Use industry standard risk thresholds

Answer: B

Explanation:
The risk manager should review the agreed-upon risk tolerance to determine the correct limit for continuing construction based on the chance of rain. Risk tolerance is the level of risk an organization is willing to accept and should be established during the risk management planning process.
Risk tolerance is the degree of uncertainty that a stakeholder is willing to accept in respect to a negative outcome on a project objective. Risk tolerance can be expressed as a percentage, a range, a value, or a qualitative statement. Risk tolerance should be agreed upon by the project team and the stakeholders at the beginning of the project, and documented in the risk management plan. The risk manager should review the agreed-upon risk tolerance to find out the correct limit for the rain probability that would affect the construction activity. This would help to resolve the conflicting opinions of the stakeholders and ensure that the risk management decisions are aligned with the project objectives and expectations. Reviewing the agreed- upon risk tolerance is the best option among the choices given, as it is the most relevant and reliable source of information for the risk manager. Performing a sensitivity analysis, finding out the stakeholders' risk appetite, or using industry standard risk thresholds are not as effective or appropriate ways of finding out the correct limit, as they do not reflect the specific agreement and context of the project. References: PMI-RMP® Certification Handbook1, page 9; PMBOKGuide, pages 414-415.


NEW QUESTION # 106
Yolanda is the project manager of a high-profile project for her organization. This project has 124 stakeholders from across the organization and many of the stakeholders have high demands and expectations for the project. Yolanda will need several pieces of project information as she begins to communicate and manage the stakeholder expectations. Which of the following inputs of the manage stakeholder expectations process directly addresses the risks that could affect the project and which must be communicated to the project stakeholders?

  • A. Change log
  • B. Low-level risks watchlist
  • C. Stakeholder register
  • D. Issue log

Answer: A


NEW QUESTION # 107
Examine the figure given below.

What will be the expected monetary value of Risk C?

  • A. -$27,000
  • B. -$175,000
  • C. -$113,750
  • D. $175,000 if the risk event actually happens

Answer: A


NEW QUESTION # 108
......

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