PMI - Pass-Sure PMI-RMP Study Plan

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This PMI Risk Management Professional (PMI-RMP) certification is a valuable credential that is designed to validate your expertise all over the world. After successfully competition of PMI-RMP exam you can gain several personal and professional benefits. All these PMI Risk Management Professional (PMI-RMP) certification exam benefits will not only prove your skills but also assist you to put your career on the right track and achieve your career objectives in a short time period.
| Section | Objectives |
|---|
| Topic 1: Risk Analysis | - Quantitative Risk Analysis - Qualitative Risk Analysis
|
| Topic 2: Risk Strategy and Planning | - Stakeholder Engagement in Risk - Risk Management Planning
|
| Topic 3: Risk Response Planning | - Opportunity Response Strategies - Threat Response Strategies
|
| Topic 4: Risk Identification | - Overall Project Risk Identification - Identifying Individual Risks
|
| Topic 5: Risk Monitoring and Control | - Risk Reporting and Communication - Risk Audits and Reviews
|
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PMI Risk Management Professional Sample Questions (Q80-Q85):
NEW QUESTION # 80
A project team has just completed a project plan, which includes extra days for most of the critical activities to cover any possible issues. Stakeholders want to remove these additional days, because the end date is longer than expected.
What should the risk manager do first?
- A. Review the risk response plan.
- B. Update the risk contingency plan.
- C. Remove the activity padding.
- D. Update the schedule constraints.
Answer: A
Explanation:
When stakeholders propose removing the extra days allocated to critical activities (often referred to as padding or contingency), it is crucial first to review the risk response plan. The risk response plan is designed to address how the project will handle uncertainties that might affect the project schedule. Removing these extra days without reviewing the risk response plan could expose the project to significant risks, especially if those days were added to mitigate specific identified risks.
According to PMI's Risk Management guidelines and best practices outlined in the project risk management procedures, the risk response plan should be reviewed first to understand the implications of removing the additional time. This step ensures that the decision is informed and that the project does not inadvertently increase its risk exposure by removing contingency that was strategically placed to address potential issues.
This approach aligns with the proactive management of risks, ensuring that any changes to the project schedule are made with a full understanding of their impact on the project's risk profile.
NEW QUESTION # 81
A project manager wants to represent the distribution of uncertainty around a risk model element.
However, good data on the variability, of the risk model element has not been collected, and only contains minimum and maximum values.
What curve should the project manager use to represent the distribution?
- A. Normal
- B. Lognormal
- C. Beta
- D. Uniform
Answer: C
NEW QUESTION # 82
What steps would be used during the qualitative risk analysis process to provide input to the risk register?
- A. Select risks characteristic, collect and analyze data, prioritize risks, categorize risks causes, document results
- B. Interviews, expert opinions, sponsor inputs, risk manager review, prioritize risks, and document results
- C. Interviews, export opinions, risk manager review, prioritize risks, and document results
- D. Select risks characteristics, collect and analyze data, prioritize risks, discuss action plans for major risks, document results
Answer: B
NEW QUESTION # 83
Mary is a project manager in her organization. On her current project she is working with her project team and other key stakeholders to identify the risks within the project. She is currently aiming to create a comprehensive list of project risks so she is using a facilitator to help generate ideas about project risks. What risk identification method is Mary likely using?
- A. Expert judgment
- B. Checklist analysis
- C. Delphi Techniques
- D. Brainstorming
Answer: D
NEW QUESTION # 84
How can the project manager rank competing stakeholder priorities for all the identified risks?
- A. Perform a review of organizational process assets.
- B. Engage the project sponsor to decide.
- C. Perform qualitative and quantitative risk analysis.
- D. Refer to stakeholder analysis prioritization tree.
Answer: C
NEW QUESTION # 85
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