2025 EFFICIENT PMI PMI-RMP: FREE PMI RISK MANAGEMENT PROFESSIONAL BRAIN DUMPS

2025 Efficient PMI PMI-RMP: Free PMI Risk Management Professional Brain Dumps

2025 Efficient PMI PMI-RMP: Free PMI Risk Management Professional Brain Dumps

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Tags: Free PMI-RMP Brain Dumps, New PMI-RMP Test Sims, PMI-RMP Valid Dumps Free, PMI-RMP New Dumps Files, PMI-RMP Reliable Braindumps Questions

There is no doubt that advanced technologies are playing an important role in boosting the growth of PMI companies. This is the reason why the employees have now started upgrading their skillset with the PMI Risk Management Professional (PMI-RMP) certification exam because they want to work with those latest applications and save their jobs. They attempt the PMI Risk Management Professional (PMI-RMP) exam to validate their skills and try to get their dream job.

PMI Risk Management Professional (PMI-RMP) credential is an esteemed certification offered by the Project Management Institute (PMI). PMI Risk Management Professional certification is designed for professionals who specialize in risk management and aim to enhance their expertise in identifying, assessing, and mitigating risks in projects. PMI-RMP Certification is globally recognized and valued by organizations across industries as a mark of excellence in risk management.

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PMI Risk Management Professional Sample Questions (Q48-Q53):

NEW QUESTION # 48
The project manager needs to create a risk management plan for a high risk project, but the company's senior management does not see value in spending time documenting major risks instead of leading the project. What is the most appropriate action for the project manager to take first?

  • A. Hire a risk consultant to identity the major risks.
  • B. Develop a risk register and present it to the senior management
  • C. Develop a risk management plan and present it to the sponsor.
  • D. Document all identified risks.

Answer: C


NEW QUESTION # 49
You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. Which of the following inputs will be needed for the qualitative risk analysis process in your project? Each correct answer represents a complete solution. Choose all that apply.

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

Answer: A,B,D


NEW QUESTION # 50
You are the project manager of the NHQ Project for your company. You have completed qualitative and quantitative analysis of your identified project risks and you would now like to find an approach to increase project opportunities and to reduce threats within the project. What project management process would best help you?

  • A. Monitor and control project risks
  • B. Create a risk governance approach
  • C. Plan risk responses
  • D. Create the project risk register

Answer: C


NEW QUESTION # 51
A risk manager documents the causes in the risk register and needs to ensure the risk is adequately described.
What is critical for the risk manager to consider when describing the causes?

  • A. Each cause has a degree of uncertainty
  • B. The causes must be validated by the risk owner
  • C. Each cause has well defined owner
  • D. The causes represent actual conditions

Answer: D

Explanation:
When describing the causes of a risk, it is critical for the risk manager to ensure that the causes represent actual conditions, as this will help in the accurate identification and assessment of the.
According to the PMBOKGuide, a risk is defined as "an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives" (page 720). A risk can be described by its causes, effects, and probability of occurrence. The causes are the factors or circumstances that give rise to the risk, and they should represent the actual conditions that exist or may exist in the project environment. The causes should not be based on assumptions, opinions, or speculations, but on facts, evidence, or data.
Therefore, option C is the correct answer.
Option A is incorrect because not every cause has a degree of uncertainty. Some causes may be certain or deterministic, such as contractual obligations, regulatory requirements, or physical laws. Uncertainty is a characteristic of the risk itself, not the cause.
Option B is incorrect because not every cause has a well-defined owner. The owner is the person or entity who is assigned the responsibility and authority to manage the risk, not the cause. The owner should be identified after the risk is analyzed and prioritized, not before.
Option D is incorrect because the causes do not need to be validated by the risk owner. The risk owner is the person or entity who is accountable for the risk response, not the risk identification. The causes should be validated by the risk manager or the risk identification team, who are responsible for collecting and documenting the risk information.


NEW QUESTION # 52
A risk manager for a financial organization is assigned to support a project team in developing a custom software solution to manage loans. Which document should the risk manager request first from the project sponsor to identify major risks?

  • A. Risk management plan
  • B. Clients' credit scores
  • C. Organization's mission and vision
  • D. Historical data from the credit portfolio

Answer: A

Explanation:
According to the PMBOK Guide, 6th edition, Chapter 11: Project Risk Management1, the risk manager should request the risk management plan first from the project sponsor to identify major risks. This is because:
* The risk management plan is a document that describes how risk management activities will be planned, structured, and performed throughout the project life cycle. The risk management plan provides guidance and direction for the risk manager and the project team on how to identify, analyze, prioritize, respond, and monitor risks, as well as how to allocate resources, define roles and responsibilities, establish risk categories, and document risk-related information.
* The risk management plan is a key input for the risk identification process, which is the process of determining which risks may affect the project and documenting their characteristics. The risk identification process involves using various tools and techniques, such as brainstorming, interviews, checklists, assumptions and constraints analysis, SWOT analysis, expert judgment, and data gathering, to generate a comprehensive list of potential risks that may impact the project objectives, such as scope, schedule, cost, quality, or stakeholder satisfaction.
* The risk management plan helps the risk manager to identify major risks by providing the following information:
* The risk management strategy, which defines the approach and methodology for managing risks, including the level of detail, rigor, and frequency of the risk management activities, and the alignment with the project management plan and the organization's policies and procedures.
* The risk thresholds, which specify the acceptable level of risk exposure for the project and its objectives, based on the risk appetite, tolerance, and attitude of the project sponsor and other key stakeholders.
* The risk categories, which are a group of potential causes of risk that can be used to structure and organize the identified risks into a hierarchical structure, such as a risk breakdown structure (RBS). The risk categories can be derived from various sources, such as the project scope statement, the work breakdown structure (WBS), the organizational process assets, or the industry standards and practices.
* The roles and responsibilities, which define the authority and accountability of the project team members and other stakeholders involved in the risk management process, such as the risk manager, the risk owner, the risk committee, the risk auditor, and the risk reviewer.
* The resources, which specify the budget, time, and human resources allocatedfor the risk management process, as well as the tools, techniques, and software applications that will be used to support the risk management activities.
* The communication and reporting, which describe the type, format, content, frequency, and distribution of the risk-related information and reports that will be shared among the project team and other stakeholders, such as the risk register, the risk report, the risk dashboard, and the risk audit report.
* The other options are not the best documents to request first from the project sponsor to identify major risks because:
* The clients' credit scores are a specific type of data that can be used to assess the credit risk of the loans, but they do not provide a comprehensive view of all the potential risks that may affect the project, such as technical, operational, legal, regulatory, or market risks.
* The organization's mission and vision are high-level statements that describe the purpose, values, and goals of the organization, but they do not provide specific guidance or direction on how to manage risks for the project, such as the risk management strategy, methodology, or tools.
* The historical data from the credit portfolio are a source of information that can be used to analyze the past performance and trends of the loans, but they do not reflect the current or future uncertainties and opportunities that may impact the project, such as changes in customer behavior, technology, competition, or regulation.
References:
* PMBOK Guide, 6th edition, Chapter 11: Project Risk Management1
* Risk Management Professional (PMI-RMP)® Exam Cert Guide2


NEW QUESTION # 53
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