RELIABLE PMI PMI-RMP TEST BLUEPRINT - TEST PMI-RMP CRAM REVIEW

Reliable PMI PMI-RMP Test Blueprint - Test PMI-RMP Cram Review

Reliable PMI PMI-RMP Test Blueprint - Test PMI-RMP Cram Review

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ActualTestsQuiz is within your reach to obtain the top-rated PMI PMI-RMP Exam Questions. And it guarantees that you will pass the PMI-RMP certification exam on the maiden attempt. Several aspiring candidates have already heard about the prestigious PMI Risk Management Professional PMI-RMP Certification. But the real problem they face is their inability to find trustworthy, updated, and relevant PMI Risk Management Professional PMI-RMP exam practice tests that can assist them.

PMI Risk Management Professional Sample Questions (Q70-Q75):

NEW QUESTION # 70
Project stakeholders can often be risk averse with little to no knowledge of the risk process. How should a risk manager increase stakeholder risk appetite?

  • A. Exclude risk averse stakeholders from future risk discussions
  • B. Increase the impact of all risks in the risk breakdown structure (RBS)
  • C. Explain risk handling and mitigation strategies
  • D. Develop a generous probabilistic cash flow model

Answer: C

Explanation:
The risk manager should increase stakeholder risk appetite by explaining risk handling and mitigation strategies, which will help stakeholders understand how risks can be managed and reduced, making them more comfortable with the risk process.
The best way to increase stakeholder risk appetite is to explain risk handling and mitigation strategies, which are the actions taken to reduce the probability and/or impact of risks, or to enhance the opportunities. By doing so, the risk manager can help the stakeholders understand how the risks can be managed effectively and efficiently, and how the potential benefits can outweigh the potential costs. This can also increase the stakeholder confidence and trust in the risk process and the project outcomes. The other options are not appropriate ways to increase stakeholder risk appetite. Excluding risk averse stakeholders from future risk discussions can alienate them and create conflicts. Increasing the impact of all risks in the risk breakdown structure (RBS) can exaggerate the risk exposure and create unnecessary fear and anxiety. Developing a generous probabilistic cash flow model can create unrealistic expectations and lead to poor decision making.
References: PMI Risk Management Professional (PMI-RMP) Examination Content Outline and Specifications, page 81. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, pages 403-4042.


NEW QUESTION # 71
What project management plan is most likely to direct the quantitative risk analysis process for a project in a matrix environment?

  • A. Risk analysis plan
  • B. Risk management plan
  • C. Staffing management plan
  • D. Human resource management plan

Answer: B


NEW QUESTION # 72
Della works as a project manager for SoftTech Inc. She is working with the project stakeholders to begin the quantitative risk analysis process. Which of the following inputs will be needed for the quantitative risk analysis process in her project? Each correct answer represents a complete solution. Choose all that apply.

  • A. Cost management plan
  • B. Risk register
  • C. Project scope statement
  • D. Risk management plan

Answer: A,B,D


NEW QUESTION # 73
Kelly is the project manager of the BHH project for her organization. She is completing the risk identification process for this portion of her project. Which one of the following is the only thing that the risk identification process will create for Kelly?

  • A. Project document updates
  • B. Risk register
  • C. Risk register updates
  • D. Change requests

Answer: B


NEW QUESTION # 74
A risk manager is reviewing documentation for a project following a risk planning workshop with project stakeholders and team members. Several items have been identified on the risk log that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur.
Which response should the risk manager recommend for these risk items?

  • A. Mitigate
  • B. Accept
  • C. Enhance
  • D. Exploit

Answer: B

Explanation:
According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline1, one of the tasks in the domain of Risk Response is to recommend risk response strategies based on the risk appetite and tolerance of the organization and stakeholders1. One of the strategies for negative risks or threats is risk acceptance, which involves acknowledging the existence of a threat and making a conscious decision to accept it without taking any action2. In this scenario, the risk manager should recommend risk acceptance for the risk items that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur. Risk acceptance is appropriate when the risk exposure is low, the cost of other responses is high, or the risk response is outside the scope or influence of the project3. The risk manager should not recommend risk mitigation, which involves reducing the probability and/or impact of a threat2. The risk manager should not recommend risk enhancement, which is a strategy for positive risks or opportunities, not negative risks or threats2. The risk manager should not recommend risk exploitation, which is also a strategy for positive risks or opportunities, not negative risks or threats2. References: 1: PMI Risk Management Professional (PMI-RMP) Examination Content Outline, page 102: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4363: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 437.


NEW QUESTION # 75
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