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Free PDF Quiz Trustable PMI-RMP - PMI Risk Management Professional Valid Exam Vce

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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.

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PMI Risk Management Professional Sample Questions (Q16-Q21):

NEW QUESTION # 16
Linda is the project manager of the NAB Project. One of the risks her project team has identified is too dangerous for the project team to manage internally so she has hired a vendor to complete this portion of the project and to manage the identified risk. What risk response has Linda used in this instance?

A. Avoidance
B. Transference
C. Mitigation
D. Contractual

Answer: B

NEW QUESTION # 17
A risk manager for a cross-functional project is initiating the risk identification process. The risk manager conducted some meetings for stakeholders to express their concerns, but some stakeholders are complaining that their opinions were not considered.
How should the risk manager address these concerns?

A. Review the stakeholder register and stakeholder engagement plan to communicate and solicit stakeholder input.
B. Rewrite the risk register to include the additional possible risks and inform the stakeholders.
C. Refer to the project charter to find guidelines and stakeholder communication channels.
D. Refer to the requirements documentation to confirm stakeholder requirements as they relate to risks.

Answer: A

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 review the stakeholder register and stakeholder engagement plan to communicate and solicit stakeholder input on risks throughout the project life cycle1. The stakeholder register is a project document that identifies the project stakeholders, their roles, interests, expectations, influence, and communication requirements2. The stakeholder engagement plan is a component of the project management plan that describes the strategies and actions to promote productive involvement of stakeholders in project decision making and execution3. In this scenario, the risk manager should review these documents to address the concerns of some stakeholders who are complaining that their opinions were not considered in the risk identification process. The risk manager should communicate with the stakeholders according to their preferences and needs, and solicit their input on the project risks using various tools and techniques, such as interviews, surveys, brainstorming, etc. The risk manager should also update the stakeholder register and stakeholder engagement plan as needed to reflect any changes in the stakeholder community or their expectations. The risk manager should not refer to the requirements documentation to confirm stakeholder requirements as they relate to risks, because that is not a direct way to address the stakeholders' concerns, and it may not capture all the potential risks that the stakeholders may identify4. The risk manager should not refer to the project charter to find guidelines and stakeholder communication channels, because the project charter is a high-level document that does not provide detailed information on how to communicate and engage with the stakeholders5. The risk manager should not rewrite the risk register to include the additional possible risks and inform the stakeholders, because that is a premature and presumptuous action that may not reflect the actual views and inputs of the stakeholders, and it may create more confusion and dissatisfaction among them6. References: 1: PMI Risk Management Professional (PMI-RMP)®Examination Content Outline, page 82: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 5133: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 5184: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 1525: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 776: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 414.

NEW QUESTION # 18
The risk manager wants to determine what is to be measured, how it is to be measured, and what project outcomes are to be measured. In which of the following processes should this be established?

A. Planning Process
B. Initiating Process
C. Monitoring and Controlling Process
D. Executing Process

Answer: A

NEW QUESTION # 19
A risk manager is assigned to a new system deployment project with a strict contractually agreed-on schedule.
One of the key risks identified is the availability of experts because many are shared on other strategic projects in the organization.
What should the risk manager do to address this situation?

A. Escalate the staffing topic to the sponsor and request more budget for contingencies.
B. Revisit the project charter for scope adjustments and sign them off with the customer.
C. Implement a disciplined tracking method and report to stakeholders accordingly.
D. Call for a project team meeting to review risk strategies and make required adjustments.

Answer: C

Explanation:
According to the PMI Risk Management Professional (PMI-RMP)Examination Content Outline1, one of the tasks in the domain of Risk Response is to call for a project team meeting to review risk strategies and make required adjustments, as needed, based on risk monitoring and reporting1. In this scenario, the risk manager should do this to address the situation of the availability of experts, which is a key risk for the project. The project team meeting will help the risk manager and the project team to evaluate the effectiveness of the current risk response plan, identify any new risks or changes in existing risks, and develop alternative risk strategies and actions to deal with the staffing issue. The project team meeting will also facilitate the communication and collaboration among the project team members and other stakeholders, and ensure that the project objectives and expectations are aligned. The risk manager should not implement a disciplined tracking method and report to stakeholders accordingly, because that is not a proactive risk response strategy, but rather a passive risk monitoring and reporting technique2. The risk manager should not escalate the staffing topic to the sponsor and request more budget for contingencies, because that is not a feasible or appropriate risk response strategy, as it does not address the root cause of the risk or provide a solution to the problem3. The risk manager should not revisit the project charter for scope adjustments and sign them off with the customer, because that is not a risk response strategy, but rather a scope management process that may have negative impacts on the project quality, cost, and schedule, and may violate the contractual agreement with the customer4. References: 1: PMI Risk Management Professional (PMI-RMP) Examination Content Outline, page 102: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4563: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4364: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 133.

NEW QUESTION # 20
A large, land-based infrastructure project has begun. The project makes assumptions about the site conditions and has economic, technical, and environmental constraints What should the project manager do next to determine risk impact of assumptions and constraints?

A. Add the risk impact of the assumptions in the risk register.
B. Add the assumptions and constraints to the assumption log.
C. Add the assumptions and constraints in the project charter.
D. Add all assumptions and constraints to the risk register.

Answer: B

Explanation:
The project manager should add the assumptions and constraints to the assumption log to track and analyze their impact on the project. The assumption log is a project document that records all project assumptions and constraints throughout the project life cycle. (Reference: PMBOK Guide, 6th Edition, p. 89) The project manager should add the assumptions and constraints to the assumption log, which is a project document that records the assumptions and constraints that affect the project scope, schedule, cost, and quality. The assumption log can help the project manager to identify and analyze the risks that may arise from the validity of the assumptions and the impact of the constraints. The assumption log can also be used as an input for the Identify Risks process, where the project manager can determine the risk impact of the assumptions and constraints and add them to the risk register accordingly. References: PMI, A Guide to the Project Management Body of Knowledge (PMBOKGuide), Sixth Edition, 2017, p. 38, 397.

NEW QUESTION # 21
......

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