BTW, DOWNLOAD part of itPass4sure PMI-RMP dumps from Cloud Storage: https://drive.google.com/open?id=1_J8qAfZpTUTheVtBkGEQ4QwuhskznZPt
PMI-RMP Exam is just a piece of cake if you have prepared for the exam with the helpful of itPass4sure's exceptional study material. If you are a novice, begin from PMI-RMP study guide and revise your learning with the help of testing engine. PMI-RMP Exam brain dumps are another superb offer of itPass4sure that is particularly helpful for those who want to the point and the most relevant content to Pass PMI-RMP Exam. With all these products, your success is assured with 100% money back guarantee.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Risk Identification | 23% | - Document risks and characteristics - Apply identification techniques - Capture opportunities as well as threats - Update risk register - Identify internal and external risks |
| Topic 2: Risk Analysis | 23% | - Perform quantitative risk analysis - Assess probability and impact - Use simulation and modeling techniques - Perform qualitative risk analysis - Prioritize risks |
| Topic 3: Risk Response Planning | 13% | - Integrate responses into project plan - Select appropriate response actions - Develop response strategies for threats and opportunities - Assign owners and responsibilities |
| Topic 4: Risk Strategy and Planning | 22% | - Create risk management plan - Align risk management with organizational and project objectives - Develop risk management strategy - Define risk appetite, threshold, and tolerance - Integrate risk management into project lifecycle |
| Topic 5: Risk Monitoring and Reporting | 19% | - Identify new and emerging risks - Track effectiveness of responses - Communicate risk status to stakeholders - Update risk register and documents - Monitor identified risks and triggers - Capture lessons learned |
itPass4sure is a professional IT certification sites, the certification success rate is 100%. This number is proved by candidates through practice. Because itPass4sure has a strong IT team of experts, they are committed to study exam questions and answers, and serve the vital interests of the majority of candidates. They use their own professional mind and experience to meet the needs of the candidates. According to the needs of the candidate, they consider the issue from all angles, and manufacturing applicability exam training materials. This material is PMI PMI-RMP Exam Training materials, which including questions and answers.
NEW QUESTION # 260
When conducting a risk identification exercise, what two actions should the risk manager take? (Choose two.)
Answer: B,C
Explanation:
Explanation
According to the PMBOK Guide, one of the tools and techniques for the identify risks process is data gathering. Data gathering is the process of collecting information from various sources to identify potential risks that may affect the project objectives. Some of the data gathering techniques are brainstorming, interviews, checklists, assumption and constraint analysis, and document analysis1. To conduct a risk identification exercise using data gathering techniques, the risk manager should take the following actions:
Arrange a team meeting, review the project's scope, and discuss dependency mapping. This action can help the risk manager to facilitate a brainstorming session with the project team and other subject matter experts, where they can generate a list of potential risks based on the project scope and the dependencies among the project activities. Dependency mapping is a technique that helps to identify the relationships and interdependencies among the project components, such as tasks, resources, deliverables, and stakeholders2. By reviewing the project scope and discussing the dependency mapping, the risk manager can ensure that the risk identification exercise covers all the relevant aspects of the project and does not miss any important risk sources.
Ensure that all the relevant stakeholders participate. This action can help the risk manager to obtain different perspectives and insights from the stakeholders who have different roles, interests, and expectations in the project. Stakeholders are individuals or groups who can affect or be affected by the project outcomes. They may have valuable information, experience, or expertise that can help to identify potential risks that may not be obvious to the project team. By ensuring that all the relevant stakeholders participate in the risk identification exercise, the risk manager can increase the comprehensiveness and accuracy of the risk identification process and foster stakeholder engagement and buy-in1. References:
PMBOK Guide, 6th edition, pages 397-399, 414-4151; Mastering the PMI Risk Management Professional (PMI-RMP) Exam, page 70
NEW QUESTION # 261
After completing the sprint on an agile project, a team updates the risk burndown chart and notices that risk exposure has increased to levels that could negatively affect project completion. What should the risk manager do to return the project's risk exposure to an acceptable level?
Answer: A
Explanation:
In agile projects, the risk burndown chart is used to monitor the reduction of project risk over time. If risk exposure is found to be increasing, it is essential to act immediately by selecting and implementing risk mitigation actions that can reduce exposure in upcoming iterations. The PMI "Agile Practice Guide" and the PMBOK Guide state:
"In agile projects, risks are identified and managed continuously. When risk exposure is high, mitigation actions (often called 'risk mitigation stories') should be prioritized in the next iteration or sprint to bring exposure back to acceptable levels."
- Agile Practice Guide, PMI, Section 5.7 (Responding to Risks in Agile Projects)
"Project teams may develop risk response actions as work items and prioritize these for execution in the backlog, particularly in iterative and incremental environments."
- PMBOK Guide, 6th Edition, Section 11.6.2.3
Therefore, prioritizing risk mitigation stories for the next sprint (Option C) is the most effective and officially recommended response.
References:
PMI Agile Practice Guide, Section 5.7
PMBOK Guide, 6th Edition, Section 11.6.2.3
NEW QUESTION # 262
A project lihat was in the execution phase for the last six months was put on hold and was eventually cancelled after numerous scope related challenges. It was decided to re-plan the scope and divide the project into multiple projects to have better insight into end objectives. As part of the project start up. the project manager is developing the risk planning for the project.
What three artifacts should the project manager consult or review during this process? (Choose three.)
Answer: B,C,E
Explanation:
The project manager should consult or review project contracts, lessons learned registers from analogous projects, and the risk management plan to develop an effective risk planning for the project.
According to the PMBOKGuide, the risk management plan is one of the key inputs for the plan risk management process, which is the first process in the project risk management knowledge area. The risk management plan describes how risk management activities will be structured and performed throughout the project. It includes information such as the methodology, roles and responsibilities, budget, timing, risk categories, definitions of risk probability and impact, probability and impact matrix, revised stakeholders' risk tolerances, reporting formats, and tracking (page 409). Therefore, option D is the correct answer.
The project contracts are also an important input for the plan risk management process, as they may contain terms and conditions that can create or affect various project risks. For example, contracts may include clauses related to penalties, incentives, warranties, intellectual property rights, termination, force majeure, arbitration, indemnification, etc. The project manager should review the project contracts to identify any potential sources of risk and plan appropriate responses (page 410). Therefore, option A is the correct answer.
The lessons learned registers from analogous projects are another valuable input for the plan risk management process, as they provide historical information and knowledge that can help the project manager identify and analyze risks, as well as plan risk responses. The lessons learned registers may contain information such as the risks that occurred, the root causes of the risks, the risk triggers, the effectiveness of the risk responses, the residual and secondary risks, the risk owners, the risk ratings, the risk trends, etc. The project manager should consult the lessons learned registers from similar or comparable projects to learn from past experiences and avoid repeating mistakes (page 411). Therefore, option B is the correct answer.
The risk register is not an input for the plan risk management process, but an output. The risk register is a document that contains the list of identified risks, their causes, potential responses, and other relevant information. The risk register is created during the identify risks process, which is the second process in the project risk management knowledge area. The risk register is then updated and refined throughout the project as more information becomes available and new risks emerge (page 414). Therefore, option C is incorrect.
The code of regulations is not an input for the plan risk management process, but a type of enterprise environmental factor. Enterprise environmental factors are the conditions, not under the control of the project team, that influence, constrain, or direct the project. The code of regulations refers to the rules and standards that govern the project's industry, domain, or sector. The code of regulations may affect the project's scope, schedule, cost, quality, resources, communications, procurement, and risk management. The project manager should consider the code of regulations when planning risk management activities, but it is not an artifact that needs to be reviewed or consulted (page 38). Therefore, option E is incorrect.
NEW QUESTION # 263
The scope of a large mobile network deployment project includes equipment to be furnished by the customer. The risk manager is concerned that the equipment delivery might be delayed, causing additional delays in the project.
What should the risk manager do?
Answer: D
NEW QUESTION # 264
The risk manager of a major project needs to ensure the organizational process assets (OPAsj are updated as a result of risk management activities. How will the risk manager accomplish this?
Answer: B
Explanation:
Explanation
The risk manager can ensure the organizational process assets (OPAs) are updated as a result of risk management activities by arranging periodic risk management process audits. These audits help evaluate the effectiveness of risk management processes and identify areas of improvement, leading to updates in the OPAs.
According to the PMBOK Guide, one of the tools and techniques for the monitor risks process is audits.
Audits are examinations of the risk management processes to ensure that they are aligned with the project objectives and are following the organizational policies and procedures. Audits can also identify any gaps, inconsistencies, or areas of improvement in the risk management activities. By conducting periodic audits, the risk manager can ensure that the organizational process assets are updated and reflect the current state of the project risk management. Some of the organizational process assets that can be updated as a result of audits are risk management templates, risk categories, risk databases, and lessons learned1 . References: PMBOK Guide, 6th edition, pages 456-457, 481-4821; PMI-RMP Exam Content Outline, 2015, page 9
NEW QUESTION # 265
......
Our PMI PMI-RMP latest exam preparation is valid. If you are interested in taking part in exams, you purchase our products now. Do not worry about the period of validity of our products. We provide one year updated free download for every user. Once the real exam changes, we will release new version of PMI-RMP Latest Exam Preparation and will send email to notify you to download the latest version. We also provide one year service warranty.
Frenquent PMI-RMP Update: https://www.itpass4sure.com/PMI-RMP-practice-exam.html
P.S. Free & New PMI-RMP dumps are available on Google Drive shared by itPass4sure: https://drive.google.com/open?id=1_J8qAfZpTUTheVtBkGEQ4QwuhskznZPt