[2023] Pass PMI PMI-RMP Premium Files Test Engine pdf - Free Dumps Collection
New 2023 Realistic PMI-RMP Dumps Test Engine Exam Questions in here
Preparation Process
Unfortunately, the PMI does not provide the applicants with any training courses, but we ensure that you can find useful tips, which help you prepare for the PMI-RMP exam. All in all, it is recommended to do the following:
- Study the Practice Standard for Project Risk Management;
- Take up a formal study course offered by the accredited Authorized Training Partners or PMI chapters;
- Observe the latest edition of ‘A Guide to the Project Management Body of Knowledge’.
- Download and review the PMI-RMP Handbook;
- Look through the Exam Content Outline;
All the links for these materials can be found on the official website.
Besides that, the potential candidates can use the other prep resources, such as practice tests, tutorials, videos, and books, which give them all the required knowledge and skills for the PMI-RMP exam.
NEW QUESTION # 20
A certain risk is identified for a major project, and the risk response is planned. However, the analysis reveals a high probability for a secondary risk which will be tolerated based on the organization's risk thresholds. The secondary risk is subsequently registered. During project execution, the primary risk occurs, the planned action is taken, and the secondary risk emerges What two actions should the risk owner take? (Choose two.)
- A. Set the corresponding trigger conditions to the secondary risk.
- B. Update and communicate assessments of the secondary risk's impact.
- C. Implement the secondary risk response and update the project documents.
- D. Conduct meeting with all stakeholder to agree on post impact solutions.
- E. Engage the project manager to authorize the secondary risk's response.
Answer: B,C
Explanation:
Explanation
The risk owner should implement the secondary risk response, as it is now being tolerated, and update the project documents accordingly. They should also update and communicate the assessments of the secondary risk's impact to ensure everyone is aware of the situation.
NEW QUESTION # 21
Amy is the project manager for her company. In her current project the organization has a very low tolerance for risk events that will affect the project schedule. Management has asked Amy to consider the affect of all the risks on the project schedule. What approach can Amy take to create a bias against risks that will affect the schedule of the project?
- A. She can create an overall project rating scheme to reflect the bias towards risks that affect the project schedule.
- B. She can have the project team pad their time estimates to alleviate delays in the project schedule.
- C. She can shift risk-laden activities that affect the project schedule from the critical path as much as possible.
- D. She can filter all risks based on their affect on schedule versus other project objectives.
Answer: A
NEW QUESTION # 22
There are seven risk responses, a project manager can use to address risk events. Which one of the following is a risk response that is appropriate for positive or negative risk events depending on the scenario in the project?
- A. Avoidance
- B. Acceptance
- C. Transference
- D. Sharing
Answer: B
NEW QUESTION # 23
You are the project manager of the NHQ Project for your company. You have completed qualitative and quantitative analysis of your identified project risks and you would now like to find an approach to increase project opportunities and to reduce threats within the project. What project management process would best help you?
- A. Create a risk governance approach
- B. Monitor and control project risks
- C. Plan risk responses
- D. Create the project risk register
Answer: C
NEW QUESTION # 24
When conducting a risk identification exercise, what two actions should the risk manager take? (Choose two.)
- A. Request a contingency reserve from management
- B. Ensure participants review relevant documents before attending the meeting
- C. Ensure that all the relevant stakeholders participate
- D. Arrange a team meeting, review the project's scope, and discuss dependency mapping
- E. Update the risk register during the team meeting.
Answer: B,C
Explanation:
Explanation
When conducting a risk identification exercise, the risk manager should ensure participants review relevant documents before attending the meeting and ensure that all relevant stakeholders participate. This helps ensure a comprehensive understanding of the project and its risks, and promotes effective risk identification.
NEW QUESTION # 25
The project risk manager on a large firm fixed priced (FFP) contract has an up-to-date risk register with accurate and detailed information. What should the project risk manager do next?
- A. Quantify the risk exposure that exceeds project contingency.
- B. Generate reports to assess and communicate the project risk level.
- C. Advise the client that the project has exhausted contingency.
- D. Recommend the removal of risks to the project manager to reduce project risk exposure.
Answer: B
Explanation:
Explanation
The project risk manager should generate reports to assess and communicate the project risk level to stakeholders. This helps in making informed decisions and taking appropriate actions to manage risks effectively.
NEW QUESTION # 26
A risk manager on an infrastructure project gathers and analyzes performance data. The risk manager wants to identify which variables will impact the schedule and determine how these factors interact.
Which data analysis tool should the risk manager use to forecast future performance?
- A. Sensitivity analysis
- B. Regression analysis
- C. Decision tree analysis
- D. What-if scenario analysis
Answer: B
Explanation:
Explanation
Regression analysis is a data analysis tool that helps identify variables that impact the schedule and determine how these factors interact. It is used to forecast future performance based on historical data and the relationship between variables. (Reference: PMBOK Guide, 6th Edition, p. 248)
NEW QUESTION # 27
What project management plan is most likely to direct the quantitative risk analysis process for a project in a matrix environment?
- A. Staffing management plan
- B. Risk analysis plan
- C. Human resource management plan
- D. Risk management plan
Answer: D
NEW QUESTION # 28
Sam is the project manager of a construction project in south Florida. This area of the United States is prone to hurricanes during certain parts of the year. As part of the project plan Sam and the project team acknowledge the possibility of hurricanes and the damage the hurricane could have on the project's deliverables, the schedule of the project, and the overall cost of the project. Once Sam and the project stakeholders acknowledge the risk of the hurricane they go on planning the project as if the risk is not likely to happen. What type of risk response is Sam using?
- A. Avoidance
- B. Mitigation
- C. Active acceptance
- D. Passive acceptance
Answer: D
NEW QUESTION # 29
Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.
- A. Model development
- B. Estimating the average outcome
- C. Decision making or the development of recommendations for decision makers
- D. Increased understanding or quantification of the system
Answer: A,C,D
NEW QUESTION # 30
A project manager identified a risk of communication issues with the client which may impact the project schedule. A member of (he sales team advises that this client prefers face-to- face conversations.
What should the project manager do to avoid this risk?
- A. Record this risk and the clients preference in the risk register.
- B. Ask the sales person to lead the communication with the client
- C. Meet the client and plan tor critical milestone meetings.
- D. Call the client and advise that online communication is easier and faster.
Answer: C
Explanation:
Explanation
The project manager should address the communication risk by meeting the client's preference for face-to-face conversations. This can be achieved by planning face-to-face meetings for critical milestones.
NEW QUESTION # 31
When selecting strategies as an activity of Plan Risk Response, what is the overall goal?
- A. Select the strategies with the greatest overall positive influence.
- B. Select the strategies with the greatest benefit to stakeholders.
- C. Select the strategies with the least overall impact to resources.
- D. Select the strategies with the least financial impact.
Answer: A
Explanation:
Explanation
The overall goal of selecting strategies during the Plan Risk Response activity is to choose those strategies that have the greatest overall positive influence on the project, considering factors such as cost, schedule, and resources.
NEW QUESTION # 32
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. Stakeholder register
- B. Low-level risks watchlist
- C. Issue log
- D. Change log
Answer: D
NEW QUESTION # 33
Nancy is the project manager of a project with 78 stakeholders. This is a high-profile project and she needs to express to her project team and to the management the importance of communication in this project. She would like to show the number of stakeholder communication channels in the project. Based on this information how many communication channels exist within this project?
- A. 6,084
- B. 3,003
- C. 0
- D. 1
Answer: B
NEW QUESTION # 34
You are the project manager of a large construction project. This project will last for 18 months and will cost $750,000 to complete. You are working with your project team, experts, and stakeholders to identify risks within the project before the project work begins. Management wants to know why you have scheduled so many risk identification meetings throughout the project rather than just initially during the project planning. What is the best reason for the duplicate risk identification sessions?
- A. The iterative meetings allow the project manager to discuss the risk events which have passed the project and which did not happen.
- B. The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.
- C. The iterative meetings allow all stakeholders to participate in the risk identification processes throughout the project phases.
- D. The iterative meetings allow the project manager to communicate pending risks events during project execution.
Answer: B
NEW QUESTION # 35
An organization performs an annual strategies and initiatives workshop during which a strengths, weaknesses, opportunities, and threats (SWOT) analysis is being conducted. As part of this process the functional managers identify the opportunities and threats.
What should the risk manager do next?
- A. Update the risk register with the identified risks
- B. Add only the threats to the risk register
- C. Plan risk responses to the threats
- D. Utilize different tools to identify the risks
Answer: A
Explanation:
Explanation
The risk manager should update the risk register with both the opportunities and threats identified during the SWOT analysis. This will help in tracking and managing all potential risks throughout the project lifecycle.
NEW QUESTION # 36
The project enters a testing phase to validate a project requirement. The testing is occurring in a common company testing area maintained by operations. The project team accepts the external customer's additional testing requirements, which may cause a slip in the schedule. A risk is identified, added to the risk register, and a response is developed.
What is the next step to be completed?
- A. Resist the customer's scope increase to maintain the original testing requirements.
- B. Communicate and monitor the risk response with testing and operations.
- C. Inform the external customer that the project manager has added the schedule risk to the register.
- D. Hire more resources to ensure the original schedule is maintained.
Answer: B
NEW QUESTION # 37
Which tool can the project risk manager utilize to help identify and assess project risks?
- A. Risk sensitivity surveys
- B. Risk surveys
- C. Risk manager interviews
- D. Risk audit
Answer: B
NEW QUESTION # 38
Critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks. How could the situation be improved for the future?
- A. Replace the SME with resources, who are responsible for receiving output from the SME on their deliverables.
- B. Introduce scope reductions to limit the reliance on SMEs.
- C. Cross train others to reduce the SME workload.
- D. Extend the project schedule timeline to accommodate availability of the SME.
Answer: B
NEW QUESTION # 39
Melody is the project manager for her organization. She has created a risk response to conduct more tests on the software her project is creating. The identified risk that prompted this response was that the software is mission-critical and must be flawless before it can be put into product. What type of a risk response has Melody used in this scenario?
- A. Avoidance
- B. Enhance
- C. Mitigation
- D. Transference
Answer: C
NEW QUESTION # 40
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