Relevant PMI-RMP Questions, Latest PMI-RMP Dumps Ebook

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Three formats of our study material are PMI PMI-RMP PDF Questions, Desktop Practice Test Software, and a Web-Based Practice Exam. We understand that the learning style of every PMI Risk Management Professional (PMI-RMP) exam applicant is different. Therefore, we offer three formats of PMI-RMP Practice Test material. Now every PMI Risk Management Professional (PMI-RMP) exam candidate can prepare as per his style by selecting the suitable format.

PMI-RMP Certification Exam is a prestigious certification offered by the Project Management Institute (PMI) for professionals who specialize in risk management. It is designed to evaluate the candidate's knowledge, skills, and abilities in identifying and assessing project risks, developing and implementing risk response plans, monitoring and controlling risks, and communicating the risk management process to stakeholders.

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PMI Risk Management Professional Sample Questions (Q94-Q99):

NEW QUESTION # 94
A new risk manager has been assigned to a delayed strategic project. The risk manager presented a new plan to get the project back on track using lessons learned and applying risk response strategies. Senior management wants to remove contingency reserves because they want to finish the project earlier.
What should the risk manager do in this scenario?

A. Conduct a risk planning workshop.
B. Change the response strategies.
C. Review project schedule estimates.
D. Reduce the contingency reserves.

Answer: A

Explanation:
The risk manager should conduct a risk planning workshop with senior management and other key stakeholders to review the risk management plan, the risk register, and the contingency reserves. The risk manager should explain the purpose and benefits of contingency reserves, and how they are calculated and allocated based on the risk exposure of the project. The risk manager should also discuss the potential impact of removing or reducing the contingency reserves on the project objectives, scope, schedule, cost, and quality. The risk manager should facilitate a collaborative decision-making process to reach a consensus on the best course of action for the project. Reference: PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, 2019, p. 77-78, 92-93.

NEW QUESTION # 95
Joan is the project manager of the BTT project for her company. She has worked with her project to create risk responses for both positive and negative risk events within the project. As a result of this process Joan needs to update the project document updates. She has updated the assumptions log as a result of the findings and risk responses, but what other documentation will need to be updated as an output of risk response planning?

A. Lessons learned
B. Scope statement
C. Risk Breakdown Structure
D. Technical documentation

Answer: D

NEW QUESTION # 96
In reviewing the team's identified project risks, a project manager identified an opportunity to assign more resources to ensure the company receives the project's incentive payment for early completion.
In implementing this plan, which response should the risk manager use?

A. Accept
B. Share
C. Exploit
D. Enhance

Answer: C

NEW QUESTION # 97
Members of a project team are not taking their risk management responsibilities seriously. They do not consider risk management as primary to the project's success and do not believe that the benefits are significant.
What should the risk manager do?

A. Motivate and influence the project team with risk engagement activities like workshops.
B. Ensure that the risk language used by all stakeholders is consistent with the risk management plan.
C. Ensure that risk management responsibilities are clearly identified in the risk management plan.
D. Schedule a meeting to review and develop realistic risk thresholds with the project team.

Answer: A

Explanation:
Explanation
To address the lack of risk management buy-in from the project team, the risk manager should organize risk engagement activities, such as workshops. These activities can help create awareness of the importance of risk management and motivate the team to take their risk management responsibilities seriously.

NEW QUESTION # 98
You are the project manager of the NHQ Project for your company. You are discussing some of the project issues that need to be resolved in the project. You and the project stakeholders come to an agreement about the risk issues and how they will be resolved. Where should you document this information for issue resolution?

A. Issue log
B. Project management plan for execution
C. Lessons learned documentation
D. Risk response plan

Answer: A

NEW QUESTION # 99
......

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Relevant PMI-RMP Questions, Latest PMI-RMP Dumps Ebook

Latest PMI-RMP Dumps Ebook & Test PMI-RMP Online

PMI Risk Management Professional Sample Questions (Q94-Q99):

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