Latest PMI-RMP Actual Free Exam Questions Updated 273 Questions
Free PMI-RMP Exam Braindumps certification guide Q&A
Risk Monitoring and Reporting (19-20%)
- Utilizing the risk-related metrics as defined in the risk management plan to create the periodical standard and custom reports for communicating the risk management status and activities;
- Updating the project risk management plan utilizing the relevant external and internal inputs for keeping the plan current;
- Monitoring the risk response metrics by examining risk response display information and presenting to key stakeholders for ensuring analysis of risk as well as developing extra risk response strategies to remove secondary & residual risks;
- Capturing the risk lessons discovered through a thorough review of the project risk process performance reports, risk management plan, risk audits, risk register, and other reports for incorporating into later risk planning.
Who should take the PMI-RMP exam
The PMI Risk Management Professional certification is an internationally-recognized validation that identifies persons who earn it as possessing skilled as an PMI Risk Management Professional. If a candidate wants significant improvement in career growth needs enhanced knowledge, skills, and talents. The PMI Risk Management Professional certification provides proof of this advanced knowledge and skill. If a candidate has knowledge and skills that are required to pass PMI PMI-RMP Exam then he should take this exam.
NEW QUESTION 80
Mark works as a project manager for TechSoft Inc. Mark, the project team, and the key project stakeholders have completed a round of qualitative risk analysis. He needs to update the risk register with his findings so that he can communicate the risk results to the project stakeholders - including management. Mark will need to update all of the following information except for which one?
- A. Prioritized list of quantified risks
- B. Risks grouped by categories
- C. Trends in qualitative risk analysis
- D. Watchlist of low-priority risks
Answer: A
NEW QUESTION 81
A project team's risk facilitator identifies a number of risks and must prioritize them based on the organization's risk appetite levels. Which technique should be used?
- A. PERT
- B. Project scope statement analysis
- C. Monte Carlo technique
- D. Stakeholder risk profile analysis
Answer: D
NEW QUESTION 82
You are the project manager of a large, high-profile project in your organization. You have realized that politics within your company may affect the true identification of risk events within the project. You decide that you'd like to use a method to identify risk events through an anonymous process. Which one of the following risk events will allow you to collect and distribute risk information without the stakeholders knowing what other stakeholders are communicating about the project risk events?
- A. Delphi Technique
- B. Checklist analysis
- C. Surveys
- D. Monte Carlo Technique
Answer: A
NEW QUESTION 83
You are the project manager of the GHY Project for your company. You need to complete a project management process that will be on the lookout for new risks, changing risks, and risks that are now outdated.
Which project management process is responsible for these actions?
- A. Risk planning
- B. Risk monitoring and controlling
- C. Risk analysis
- D. Risk identification
Answer: B
NEW QUESTION 84
You are project manager for ABD project. You, with your team, are working on the following activities:
Probabilistic analysis of a project.
Probability of achieving cost and time objectives.
Trends in Qualitative Risk Analysis results.
On which of the following processes are you working on?
- A. Identify Risks
- B. Plan Risk Management
- C. Perform Quantitative Risk Analysis
- D. Perform Qualitative Risk Analysis
Answer: C
NEW QUESTION 85
You work as a project manager for BlueWell Inc. You are working on a project and the management wants a rapid and cost-effective means for establishing priorities for planning risk responses in your project. Which risk management process can satisfy management's objective for your project?
- A. Quantitative analysis
- B. Qualitative risk analysis
- C. Historical information
- D. Rolling wave planning
Answer: B
NEW QUESTION 86
You are the project manager of the GYH project for your organization. Management has asked you to begin identifying risks and to use an information gathering technique. Which one of the following risk identification approaches is an information gathering technique?
- A. SWOT analysis
- B. Documentation reviews
- C. Assumptions analysis
- D. Root cause analysis
Answer: D
NEW QUESTION 87
The project manager requests a method to analyze risk data in a simple format. Which of the following formats should the risk manager suggest for preliminary review of the data?
- A. Monte Carlo analysis
- B. Data tables
- C. Fishbone diagram
- D. Latin Hypercube analysis
Answer: C
NEW QUESTION 88
Wendy is the project manager of the NNJ project for her company. As part of the variance and trend analysis tool and technique for risk governance she is using earned value management. In this approach, Wendy wants to track and compare the cost and schedule variances. What is the point of this tool and technique in regard to risk?
- A. Wendy can review quality performance on baselines.
- B. Wendy can forecast deviation of the project cost and schedule for completion targets.
- C. Wendy can track the cost and schedule variances.
- D. Wendy can determine a true project completion date.
Answer: B
NEW QUESTION 89
You are the project manager of the GHG project. You are preparing for the quantitative risk analysis process. You are using organizational process assets to help you complete the quantitative risk analysis process. Which one of the following is NOT a valid reason to utilize organizational process assets as a part of the quantitative risk analysis process?
- A. You will use organizational process assets to determine costs of all risks events within the current project.
- B. You will use organizational process assets for risk databases that may be available from industry sources.
- C. You will use organizational process assets for studies of similar projects by risk specialists.
- D. You will use organizational process assets for information from prior similar projects.
Answer: A
NEW QUESTION 90
Neil works as a project manager for SoftTech Inc. He is working with Tom, the COO of his company, on several risks within the project. Tom understands that through qualitative analysis Neil has identified many risks in the project. Tom's concern, however, is that the priority list of these risk events are sorted in "high-risk,"
"moderate-risk," and "low-risk" as conditions apply within the project. Tom wants to know that is there any other objective on which Neil can make the priority list for project risks. What will be Neil's reply to Tom?
- A. Risks may be listed by the additional analysis and response
- B. Risks may be listed by categories
- C. Risks may be listed by priority separately for schedule, cost, and performance
- D. Risk may be listed by the responses in the near-term
Answer: C
NEW QUESTION 91
You are the project manager of the GHG project for your company. You have identified the project risks, completed qualitative and quantitative analysis, and created risk responses. You also need to document how and when risk audits will be performed in the project. Where will you define the frequency of risk audits?
- A. Risk management plan
- B. Schedule management plan
- C. Quality management plan
- D. Risk response plan
Answer: A
NEW QUESTION 92
After a risk review meeting, three key risks are identified as likely to be realized. The project manager requests a risk scenario be calculated to establish the impact on the budget.
What is the forecasting methodology that should be utilized to calculate the impact?
- A. Estimate to complete (ETC)
- B. Budget at completion (BAC)
- C. Estimate at completion (EAC)
- D. Estimate risk completion (ERC)
Answer: A
NEW QUESTION 93
The project manager generates a monthly risk report for key stakeholders which documents high and medium risk items only. Where would the project manager find the list of recipients for the report?
- A. Risk management plan
- B. Project charter
- C. Communications management plan
- D. Risk register
Answer: C
NEW QUESTION 94
There are five outputs of the risk monitoring and controlling process. Which one of the following is NOT an output of the process?
- A. Risk register updates
- B. Organizational process assetsupdates
- C. Change requests
- D. Vendor contracts
Answer: D
NEW QUESTION 95
You are working with Anna on your project to determine and map the probability distributions of risk within the project. You have indicated that you will use the uniform distribution method for a portion of the project. Which part of your project is most likely to have a uniform risk distribution?
- A. Project initiating
- B. Late completion stages of a project
- C. Project phases that deal with "cutover" technologies
- D. Early concept stage of design
Answer: D
NEW QUESTION 96
Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States.
Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window units in time for the project's deadline. Management asked Harry to find a supplier who can fulfill the completion of the windows by the needed date in the schedule. What risk response has management asked Harry to implement?
- A. Acceptance
- B. Transference
- C. Avoidance
- D. Mitigation
Answer: D
NEW QUESTION 97
You work as a project manager for BlueWell Inc. Management has asked you to work with the key project stakeholder to analyze the risk events you have identified in the project. They would like you to analyze the project risks with a goal of improving the project's performance as a whole. What approach can you use to achieve the goal of improving the project's performance through risk analysis with your project stakeholders?
- A. Involve the stakeholders for risk identification only in the phases where the project directly affects them
- B. Involve subject matter experts in the risk analysis activities
- C. Use qualitative risk analysis to quickly assess the probability and impact of risk events
- D. Focus on the high-priority risks through qualitative risk analysis
Answer: D
NEW QUESTION 98
Which risk response is acceptable for both positive and negative risk events?
- A. Sharing
- B. Transferring
- C. Enhancing
- D. Acceptance
Answer: D
Explanation:
Explanation/Reference:
NEW QUESTION 99
Your organization has a project that is expected to last 20 months but the customer would really like the project completed in 18 months. You have worked on similar projects in the past and believe that you could fast track the project and reach the 18 month deadline. What increases when you fast track a project?
- A. Resources
- B. Communication
- C. Risks
- D. Costs
Answer: C
NEW QUESTION 100
What is the best source of project information which could result in the reduction of risk?
- A. Review organizational process assets, lessons learned from previous projects similar in nature.
- B. Sensitivity analysis.
- C. Determine the risks by using brainstorming techniques.
- D. Make observations/conversations on the current projects.
Answer: A
NEW QUESTION 101
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. Transference
- B. Enhance
- C. Avoidance
- D. Mitigation
Answer: D
NEW QUESTION 102
The project manager of a project in trouble actively participates in a project risk assessment. After the assessment is complete, the project manager receives the final results.
What is the best recommended action to be taken from this point onward?
- A. Schedule a meeting and present the assessment results.
- B. Use the assessment results in the day-to-day management of project risks.
- C. Schedule a meeting with the project sponsor and discuss the assessment results.
- D. Use the assessment results to review the project hand over plan to operations.
Answer: A
Explanation:
Explanation
NEW QUESTION 103
You work as a project manager for BlueWell Inc. You with your team are using a method or a (technical) process that conceives the risks even if all theoretically possible safety measures would be applied. One of your team member wants to know that what is a residual risk. What will you reply to your team member?
- A. It is a risk that will remain no matter what type of risk response is offered.
- B. It is a risk that can not be addressed by a risk response.
- C. It is a risk that remains after planned risk responses are taken.
- D. It is a risk that remains because no risk response is taken.
Answer: C
NEW QUESTION 104
Which of the following processes involves choosing the alternative strategies, executing a contingency or fallback plan, taking corrective action, and modifying the project management plan?
- A. Configuration Management
- B. Scope Change control
- C. Integrated Change control
- D. Monitor and Control risk
Answer: D
NEW QUESTION 105
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If you want to highlight your skills in identifying and assessing project risks, mitigating threats, and capitalizing on opportunities, the PMI Risk Management Professional certification is ideal for you. Obtaining this certificate places you aside from other specialists and brings honor to your organization. All you have to do is pass the associated exam, which is PMI-RMP. Thus, if you’re waiting for greater recognition, this test will evaluate your expertise and help you stand out to the stakeholders, peers, and employers.
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