[Sep 20, 2022] PMI PMI-RMP Exam Dumps Are Essential To Get Good Marks
Latest PMI PMI-RMP Dumps with Test Engine and PDF (New Questions)
Main Requirements to Meet
The PMI-RMP certification is intended for those professionals who possess advanced risk management knowledge and experience. The individuals who perform the role of a Project Manager and are involved in managing large projects and/or complex environments can also pursue this certificate.
The eligibility requirements for the PMI-RMP certification include holding a secondary degree (including a high school diploma, an associate’s degree, or their global equivalent); 36 months of work experience in project risk management within the last 5 years; and at least 40 hours of risk management education concerning projects. If you do not meet some of the above-mentioned prerequisites, you can also qualify for this certificate satisfying the following requirements: a bachelor’s degree or a global equivalent of the same; at least 24 months of work experience in risk management within the last 5 years; and at least 30 hours of conclusive risk management education concerning projects.
Books and Courses to Launch PMI-RMP Prep
As for the reliable resources to start your PMI-RMP prep, here are 4 options you should check out in the first place:
- Project Management Training at DeVry UniversityDeVry University is one of the PMI-authorized trainers. You can enroll in one of their project management courses to learn more about project risk management. One of the most prominent of DeVry University course options is Project Risk Management training, which is a great way to prepare for the upcoming PMI-RMP exam.
- Practice Standard for Project Risk Management by Project Management InstituteThis book is another useful official resource for your test prep. It provides the standard practices and techniques needed for effective project risk management, most of which you will be tested on. Thus, with its help, you will familiarize yourself with such terms as iterative processes, current assessments, and templates.
- Project Risk Management (Project Management) by Bruce BarkleyYou can get this helpful paperback book on Amazon for $46.82. It uses templates and action plans to simplify the concepts in one of the PMI’s most popular books: A Guide to the Project Management Body of Knowledge (PMBOK Guide).
- PMI-RMP Exam Content Outline by Project Management InstituteThis is the official content outline for the final PMI-RMP test. It shows you all of the possible domains, from which the exam questions are derived. It also contains the percentage of questions for each topic and tasks you may be asked to carry out.
NEW QUESTION 115
There are seven risk responses for any project. Which one of the following is a valid risk response for a negative risk event?
- A. Share
- B. Acceptance
- C. Exploit
- D. Enhance
Answer: B
NEW QUESTION 116
You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project in this scenario?
- A. You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
- B. You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.
- C. You will need the risk register, risk management plan, cost management plan, schedule management plan, and any relevant organizational process assets.
- D. Quantitative risk analysis does not happen through the project manager in a functional structure.
Answer: C
NEW QUESTION 117
Don is the project manager of the PFO project for his organization. Don is working with the project team members and two subject matter experts to assess the identified risk events in the project. Which of the following approaches is the best to assess the risk events in the project?
- A. Root cause analysis
- B. Probability and Impact Matrix
- C. Determination of the true cost of the risk event
- D. Interviews or meetings
Answer: D
NEW QUESTION 118
You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure:
If Risk D happens in this project, how much will be left in the contingency reserve?
- A. $243,500
- B. $258,500
- C. $233,500
- D. $440,000
Answer: C
NEW QUESTION 119
You work as a project manager for BlueWell Inc. There has been a delay in your project work that is adversely affecting the project schedule. You decided, with your stakeholders' approval, to fast track the project work to get the project done faster. When you fast track the project which of the following are likely to increase?
- A. Quality control concerns
- B. Risks
- C. Human resource needs
- D. Costs
Answer: B
NEW QUESTION 120
You are the project manager for a construction project. The project involves casting of a column in a very narrow space. Because of lack of space, casting it is highly dangerous. High technical skill will be required for casting that column. You decide to hire a local expert team for casting that column. Which of the following types of risk response are you following?
- A. Mitigation
- B. Transference
- C. Acceptance
- D. Avoidance
Answer: B
NEW QUESTION 121
Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?
- A. Establish risk boundaries
- B. Group stakeholders according to positive and negative stakeholders and then complete the risk analysis
- C. Establish definitions of the level of probability and impact of risk event
- D. Determine the risk root cause rather than the person identifying the risk events
Answer: C
NEW QUESTION 122
You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure: If Risk D happens in this project, how much will be left in the contingency reserve?
- A. $243,500
- B. $258,500
- C. $233,500
- D. $440,000
Answer: C
NEW QUESTION 123
You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure:
If Risk D happens in this project, how much will be left in the contingency reserve?
- A. $243,500
- B. $258,500
- C. $233,500
- D. $440,000
Answer: C
NEW QUESTION 124
Tom is the project manager of the GGG project for his company. He is working with the project team on the Perform Qualitative Risk Analysis process. Tom is having the project team to review the project scope statement as an input to the qualitative risk analysis process. Why?
- A. The project scope statement will reveal the type of project as either a recurrent or first-of-its-kind project.
- B. The project scope statement must be reviewed to understand the quality requirements and the risks associated with the demand for quality.
- C. The project scope identifies the risks associated with project constraints.
- D. The project scope statement must be understood to see the project requirements and the inherent risks of the project.
Answer: A
NEW QUESTION 125
You are a risk auditor for your company. You are reviewing the contract types a project manager has used in her project. Of the following, which contract type has the most risk for the project manager as a buyer?
- A. Time and material
- B. Cost plus percentage of costs
- C. Fixed-price, incentive fee
- D. Cost plus incentive fee
Answer: B
NEW QUESTION 126
Which of the following techniques for planning risk response can provide a means of identifying symptoms for use as trigger conditions for contingency responses?
- A. Root cause analysis
- B. Ensuring that actions are available to address significant events before their occurrence
- C. Quantitative risk analysis
- D. Involving selected exons in the process
Answer: C
NEW QUESTION 127
A risk is identified and documented by the risk manager, but it is unclear how this risk can be proactively managed. In this situation, what type of reserve should be allocated for the risk?
- A. Management
- B. Contingency
- C. Residual
- D. Budget
Answer: B
NEW QUESTION 128
The risk management process can be defined as which of the following?
- A. Iterative through the planning phase
- B. Iterative throughout the entire project
- C. Updated in the execution phase
- D. Baselined at the beginning of execution
Answer: B
NEW QUESTION 129
The senior risk manager hears that critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks. Which area should be reviewed, as an opportunity for the risk manager to coach the project manager responsible for the project?
- A. Risk identification process and participation
- B. Scope reduction to reduce SME reliance
- C. Risk management plan and planned risks responses
- D. Detailed review of the project schedule before approval
Answer: B
NEW QUESTION 130
David is the project manager of the NKL Project for his organization. He has been asked to create a proposal for a construction project for a client. David realizes that there are several requirements within the SOW and RFP provided by the client that would eliminate his company from bidding on the construction project. David proposed to management that his organization create a partnership with a competitor so that together they could bid on the construction project and qualify for the customer's requirements. What risk response is David proposing to management?
- A. Sharing
- B. Teaming agreement
- C. Transference
- D. Exploiting
Answer: A
NEW QUESTION 131
You work as a project manager for BlueWell Inc. You want to create a visual diagram, which can depict the resources that will be used within the project. Which of the following diagrams will you create to accomplish the task?
- A. Work breakdown structure
- B. Roles and responsibility matrix
- C. RACI chart
- D. Resource breakdown structure
Answer: D
NEW QUESTION 132
Which form of communication minimizes misunderstandings and reinforces teamwork?
- A. Discussion threads
- B. Project archives
- C. Status reports
- D. Face-to-face discussions
Answer: D
NEW QUESTION 133
Which positive risk response best describes a teaming agreement?
- A. Share
- B. Venture
- C. Exploit
- D. Enhance
Answer: A
NEW QUESTION 134
Which of the following are parts of SWOT Analysis? Each correct answer represents a complete solution. Choose all that apply.
- A. Tools
- B. Threats
- C. Opportunities
- D. Weaknesses
- E. Optimism
- F. Strengths
Answer: B,C,D,F
NEW QUESTION 135
The risk manager and the project team conduct a risk brainstorming session for a new project. The risk manager wants to involve the entire project team in a group risk prioritization exercise for the identified risks.
The project manager refuses the involvement of the entire project team due to resource concerns.
What should the risk manager do?
- A. Follow the project manager's instruction, as the project manager is the responsible party.
- B. Continue to involve the project team in the risk prioritization process and then discuss lessons learned with the project manager.
- C. Convince the project manager of the importance of the whole project team's involvement in the full risk process.
- D. Inform the sponsor about the project manager's decision and the disagreement between parties.
Answer: C
NEW QUESTION 136
____ analysis is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.
- A. Expected monetary value
- B. Modeling and simulation
- C. Expert judgment
- D. Sensitivity
Answer: A
NEW QUESTION 137
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. Cost management plan
- B. Organizational process assets
- C. Project scope statement
- D. Risk register
Answer: B,C,D
NEW QUESTION 138
You are the project manager for your organization. You have identified a risk event you're your organization could manage internally or externally. If you manage the event internally it will cost your project $578,000 and an additional $12,000 per month the solution is in use. A vendor can manage the risk event for you. The vendor will charge $550,000 and $14,500 per month that the solution is in use. How many months will you need to use the solution to pay for the internal solution in comparison to the vendor's solution?
- A. Approximately 13 months
- B. Approximately 15 months
- C. Approximately 11 months
- D. Approximately 8 months
Answer: C
NEW QUESTION 139
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. Brainstorming
- B. Checklist analysis
- C. Delphi Techniques
- D. Expert judgment
Answer: A
NEW QUESTION 140
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