PMI PMI-RMP Online Lab Simulation, Latest Braindumps PMI-RMP Ppt

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PMI PMI-RMP Exam Syllabus Topics:

SectionWeightObjectives
Risk Strategy and Planning19-20%- Establish risk management policies and procedures
- Define risk thresholds and metrics
- Plan risk management activities
- Integrate risk management into project lifecycle
- Develop risk management strategy
Stakeholder Engagement19-20%- Identify stakeholders and their risk tolerance
- Communicate risk information effectively
- Manage stakeholder expectations regarding risks
- Facilitate risk workshops and meetings
- Collaborate with cross-functional teams
- Promote risk awareness and understanding
- Build consensus on risk response strategies
- Involve stakeholders in risk management process
- Negotiate risk ownership and accountability
Risk Process Facilitation25-28%- Evaluate risk response effectiveness
- Identify risks using various techniques
- Implement risk responses
- Plan risk responses
- Manage contingency reserves
- Perform qualitative risk analysis
- Perform quantitative risk analysis
Risk Monitoring and Reporting19-20%- Monitor identified and emerging risks
- Track risk metrics and triggers
- Update risk register and documentation
- Report risk management performance
- Review risk audit results
- Evaluate risk response execution
- Capture lessons learned regarding risks
Perform Specialized Risk Analyses14-16%- Conduct specialized risk assessments (e.g., regulatory, compliance)
- Perform advanced quantitative analysis (e.g., Monte Carlo, decision trees)
- Analyze complex risk scenarios and dependencies

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PMI Risk Management Professional Sample Questions (Q96-Q101):

NEW QUESTION # 96
Eric is the project manager of the MTC project for his company. In this project a vendor has offered Eric a sizeable discount on all hardware if his order total for the project is more than
$125,000. Right now, Eric is likely to spend $118,000 with vendor. If Eric spends $7,000 his cost savings for the project will be $12,500, but he cannot purchase hardware if he cannot implement the hardware immediately due to organizational policies. Eric consults with Amy and Allen, other project managers in the organization, and asks if she needs any hardware for their projects. Both Amy and Allen need hardware and they agree to purchase the hardware through Eric's relationship with the vendor. What positive risk response has happened in this instance?

Answer: B


NEW QUESTION # 97
When monitoring the execution quality of risk-related plans and processes, which of the following would be a useful metric to track and record?

Answer: A


NEW QUESTION # 98
Shawn is the project manager of the WHT Project for his company. In this project Shawn's team reports that they have found a way to complete the project work for less cost than what was originally planned. The project team presents a new software that will help to automate the project work. While the software and the associated training costs $25,000 it will save the project nearly $65,000 in total costs. Shawn agrees to the software and changes to the project management plan accordingly. What type of risk response has been used in this instance?

Answer: B


NEW QUESTION # 99
During the risk management planning, key stakeholders recommend adding more factors other than probability and the impact to refine the score of prioritized threats in subsequent iterations of the qualitative risk analysis. The stakeholders ask the risk manager to prepare a list to discuss this further.
Which three valid factors should the risk manager prepare on the list for discussion? (Choose 3)

Answer: C,D,E


NEW QUESTION # 100
A project is at the final development stage. The test lead informs the risk manager that a key feature may not be testable due to changes in the environment What should the risk manager do?

Answer: C

Explanation:
The risk manager should review the feature with the project team to determine the cause and impact of the untestability, and to identify possible solutions or alternatives. The risk manager should also update the risk register and the risk response plan accordingly. This is the best option among the given choices, as it involves the relevant stakeholders and follows the risk management process. Confirming the risk triggers are still valid is not sufficient, as it does not address the problem or its consequences. Asking the architect to develop acceptance criteria is not appropriate, as it may not be feasible or effective to test the feature with new criteria.
Escalating the issue to the project board is premature, as it may not be necessary or desirable to involve the senior management without first analyzing the situation and proposing a course of action. References: PMI.
(2017). A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition. Chapter
11: Project Risk Management, pp. 414-415. 5
When a key feature may not be testable due to changes in the environment, the risk manager should review the feature with the project team to understand the issue, assess its impact, and determine the appropriate risk response. This collaborative approach ensures that the team has a clear understanding of the situation and can work together to address the risk.


NEW QUESTION # 101
......

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