OVERCOME EXAM CHALLENGES WITH PREPAWAYEXAM PMI PMI-RMP EXAM QUESTIONS

Overcome Exam Challenges with PrepAwayExam PMI PMI-RMP Exam Questions

Overcome Exam Challenges with PrepAwayExam PMI PMI-RMP Exam Questions

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If you want to ace the PMI Risk Management Professional (PMI-RMP) test, the main problem you may face is not finding updated PMI-RMP practice questions to crack this test quickly. After examining the situation, the PrepAwayExam has come with the idea to provide you with updated and actual Sitecore PMI-RMP Exam Dumps so you can pass PMI-RMP test on the first attempt.

PMI-RMP (PMI Risk Management Professional) certification exam is an important credential for professionals who are involved in managing risks in their projects. The PMI-RMP certification is offered by the Project Management Institute (PMI) and is globally recognized as a mark of excellence in risk management. PMI Risk Management Professional certification is designed to help professionals demonstrate their knowledge and skills in identifying, assessing, and mitigating project risks.

PMI-RMP certification is highly valued in the industry and can help professionals advance their careers in project management. It is recognized by leading organizations around the world and can open up new opportunities for individuals looking to pursue a career in risk management. With the PMI-RMP Certification, professionals can demonstrate their expertise in managing risks and increase their value to their organizations.

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Latest Test PMI-RMP Experience - PMI-RMP Exam Materials

Our PMI-RMP practice materials comprise of a number of academic questions for your practice, which are interlinked and helpful for your exam. So their perfection is unquestionable. As a result, PMI-RMP real exam win worldwide praise and acceptance. Our PMI-RMP practice materials are determinant factors giving you assurance of smooth exam. The sooner you make up your mind, the more efficient you will win.

What is the duration of the PMI-RMP Exam

  • Length of Examination: 3.5 hours
  • Number of Questions: 170
  • Format: Multiple choices, multiple answers

PMI Risk Management Professional Sample Questions (Q78-Q83):

NEW QUESTION # 78
A risk manager is confident that they have identified and quantified the risks and opportunities for a project.
When presenting their work to management, on what areas should the risk manager focus? (Choose two.)

  • A. Huge opportunities that possibly bring an additional 30% return for 10 projects in the next year
  • B. Risks related to cost that will impact the major projects that are currently in the execution phase
  • C. Risks that are tied to the success of the organization
  • D. Risks as they apply to the organization's overall risk management philosophy and strategic ambition
  • E. Risk mitigation actions that will require work from stakeholders

Answer: C,D

Explanation:
Explanation
According to the PMBOK Guide, 6th edition, Section 11.1.3.1, Enterprise Environmental Factors, one of the factors that can influence the Plan Risk Management process is the organization's risk attitude, appetite, tolerance, and thresholds. These terms describe the degree of uncertainty that an organization is willing to accept in pursuit of its goals, and how it approaches, operates, and responds to risk. Therefore, when presenting their work to management, the risk manager should focus on the risks that are tied to the success of the organization, and the risks as they apply to the organization's overall risk management philosophy and strategic ambition. These aspects can help the management to understand the alignment of the project risks with the organizational objectives and values, and to make informed decisions about risk responses. The other options are less relevant or too specific for a management presentation, and may not reflect the organization's risk attitude or priorities. References: PMBOK Guide, 6th edition, Section 11.1.3.1, Enterprise Environmental Factors1 The risk manager should focus on risks that are directly tied to the success of the organization and those that align with the organization's risk management philosophy and strategic ambition. This will ensure that management is informed about the most relevant risks and opportunities for the project.


NEW QUESTION # 79
An organization that spans across different countries undergoes a digital transformation project. The project manager has assigned a risk management team leader who is a risk management certified candidate in their domain.
What should the risk management team leader do in the early stages of the project?

  • A. Plan a solid risk response plan and secure the necessary funding.
  • B. Benchmark to an organization which has executed a similar project,
  • C. Conduct qualitative risk analysis to prioritize potential risks.
  • D. Educate stakeholders on best practices to perform risk management.

Answer: D

Explanation:
In the early stages of a project, the risk management team leader should conduct qualitative risk analysis to prioritize potential risks. This will help the team to focus on the most significant risks and develop appropriate risk response strategies.
According to the PMI-RMP Handbook, the early stages of the project are the best time to establish the risk management plan, which is a document that describes how risk management activities will be structured and performed on the project. It is one of the main outputs of the Plan Risk Management process. The risk management plan should be developed with the involvement and input of key stakeholders, such as the project sponsor, customer, team members, subject matter experts, and other relevant parties. The risk management plan should also define the roles and responsibilities of the stakeholders in risk management, as well as the reporting and escalation mechanisms.
The risk management team leader, who is a risk management certified candidate in their domain, should educate stakeholders on best practices to perform risk management in the early stages of the project. This is because the stakeholders may have different levels of knowledge, experience, and expectations regarding risk management, especially in an organization that spans across different countries. The risk management team leader should provide training, coaching, and guidance to the stakeholders on how to apply the risk management processes, tools, and techniques, as well as how to use the risk management plan. The risk management team leader should also promote a positive risk culture and encourage stakeholder participation and collaboration in risk management activities.
The other options are not valid for what the risk management team leader should do in the early stages of the project:
Conduct qualitative risk analysis to prioritize potential risks: This is not a valid option because the qualitative risk analysis is part of the Perform Qualitative Risk Analysis process, which comes after the Identify Risks process and before the Perform Quantitative Risk Analysis process. The risk management team leader should not conduct the qualitative risk analysis before developing the risk management plan and identifying the risks.
Plan a solid risk response plan and secure the necessary funding: This is not a valid option because the risk response plan is part of the Plan Risk Responses process, which comes after the Perform Qualitative Risk Analysis and Perform Quantitative Risk Analysis processes. The risk management team leader should not plan the risk response plan and secure the necessary funding before developing the risk management plan, identifying, and analyzing the risks.
Benchmark to an organization which has executed a similar project: This is not a valid option because benchmarking is a technique for risk identification, but it is not the only one. The risk management team leader should use a combination of techniques to identify risks, not just focus on one aspect. Also, benchmarking is not the same as educating stakeholders, which implies providing training, coaching, and guidance on risk management best practices.


NEW QUESTION # 80
An organization faces immense competition in the market and decides 10 accelerate a key project. What is the first action for the project risk manager to take?

  • A. Meet with the project's stakeholders
  • B. Ensure sufficient resources are available
  • C. Update the risk register
  • D. Revise the risk management plan

Answer: D

Explanation:
Explanation
When a project is accelerated, the risk landscape changes. The project risk manager should first revise the risk management plan to address the new timeline and its potential impacts on the project. This will help in identifying new risks, reassessing existing risks, and updating risk responses.


NEW QUESTION # 81
Which of the following represents levels of risk attitude?

  • A. Risk-mitigating, risk-avoiding, risk-transferring, risk-accepting
  • B. High, medium, and low
  • C. Risk-averse, risk-neutral, risk-tolerant, risk-seeking
  • D. Conservative, moderate, and liberal

Answer: C


NEW QUESTION # 82
You are the project manager of the NHJ project for your company. This project has a budget at completion of $1,650,000 and you are 60 percent complete. According to the project plan, however, the project should be 65 percent complete. In this project you have spent $995,000 to reach this point of completion. There is a risk that this project may be late so you have taken some measures to recover the project schedule. Management would like to know, based on current performance, what the estimate at completion for this project will be. What is the estimate at completion?

  • A. $1,650,000
  • B. $663,333
  • C. -$8,333
  • D. $1,666,667

Answer: D


NEW QUESTION # 83
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