PMI PMI-RMP DESKTOP-BASED PRACTICE PROGRAM

PMI PMI-RMP Desktop-Based Practice Program

PMI PMI-RMP Desktop-Based Practice Program

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PMI-RMP certification exam is a globally recognized credential that demonstrates an individual's expertise in risk management. PMI-RMP exam is designed to test the candidate's knowledge and skills in identifying, assessing, and mitigating risks in various project management scenarios. PMI-RMP exam covers a range of topics, including risk identification, risk analysis, risk response planning, and risk monitoring and control.

To be eligible for the PMI-RMP certification exam, candidates must have a secondary degree (high school diploma, associate's degree, or global equivalent) and at least 4,500 hours of project risk management experience. Alternatively, candidates can also have a four-year degree (bachelor's degree or global equivalent) and at least 3,000 hours of project risk management experience. PMI-RMP Exam consists of 170 multiple-choice questions that must be completed within 3.5 hours. The questions are based on the PMI-RMP Exam Content Outline, which covers five domains of risk management.

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PMI Risk Management Professional Sample Questions (Q60-Q65):

NEW QUESTION # 60
A project manager works on a long-term and high visibility project at an organization that has a low risk appetite towards this project due to its impact on the company's business. The project sponsors follow up weekly with the project manager, who was just informed by one of the risk owners that the exposure from two high-impact risks are hitting the risk thresholds.
What should the project manager do next?

  • A. Complete an assessment and confirm the response with the sponsors.
  • B. Perform an assumptions and constraints analysis.
  • C. Update the project management plan to add contingency.
  • D. Implement mitigation measures for those risks.

Answer: A

Explanation:
According to the PMBOK Guide, 6th edition, Section 11.4.3.1, Risk Thresholds, risk thresholds are the level of risk exposure above which risks are addressed and below which risks may be accepted. Risk thresholds are determined by the organization's risk appetite, which is the degree of uncertainty that an organization is willing to accept in pursuit of its goals. Therefore, when the project manager is informed by the risk owner that the exposure from two high-impact risks are hitting the risk thresholds, the project manager should complete an assessment and confirm the response with the sponsors, who are the key stakeholders for the project and have a low risk appetite. The project manager should not update the project management plan, perform an assumptions and constraints analysis, or implement mitigation measures without first consulting with the sponsors and obtaining their approval. Reference: PMBOK Guide, 6th edition, Section 11.4.3.1, Risk Thresholds


NEW QUESTION # 61
The risk manager also serves as a facilitator for a project and realizes the project team members have biases impacting how they perceive risks. What analysis is currently being used?

  • A. Qualitative risk analysis
  • B. Force field analysis
  • C. Quantitative risk analysis
  • D. Stakeholder analysis

Answer: A

Explanation:
Explanation
The analysis currently being used is qualitative risk analysis. Qualitative risk analysis involves assessing risks based on their likelihood of occurrence and their potential impact on the project. This type of analysis can help identify biases that may be impacting how team members perceive risks.


NEW QUESTION # 62
The project manager requests a method to analyze risk data in a simple format. Which of the following formats should the risk manager suggest for preliminary review of the data?

  • A. Data tables
  • B. Fishbone diagram
  • C. Latin Hypercube analysis
  • D. Monte Carlo analysis

Answer: B


NEW QUESTION # 63
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 uncertainty and risk are increasing.
  • C. The project schedule is lagging behind.
  • D. The project is over budget.

Answer: B

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 PMBOKGuide - 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. Reference: PMBOKGuide - Sixth Edition, pages 262-263.


NEW QUESTION # 64
You are the project manager of the NHH project for your company. You have completed the first round of risk management planning and have created four outputs of the risk response planning process. Which one of the following is NOT an output of the risk response planning?

  • A. Project document updates
  • B. Organizational process assets updates
  • C. Risk register updates
  • D. Risk-related contract decisions

Answer: B


NEW QUESTION # 65
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