PASS WITH PROJECT MANAGEMENT PROFESSIONAL PMI-RMP VALID CRAM & PMI-RMP PRACTICE DUMPS

Pass with Project Management Professional PMI-RMP valid cram & PMI-RMP practice dumps

Pass with Project Management Professional PMI-RMP valid cram & PMI-RMP practice dumps

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Tags: PMI-RMP Test Lab Questions, Exam Dumps PMI-RMP Provider, PMI-RMP Test Duration, Dumps PMI-RMP Free Download, Trusted PMI-RMP Exam Resource

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PMI-RMP exam is a rigorous and comprehensive test that assesses an individual's knowledge and understanding of risk management. PMI-RMP exam consists of 170 multiple-choice questions and has a duration of 3.5 hours. The questions are designed to test the candidate's understanding of risk management concepts and their practical application in real-world scenarios.

PMI-RMP certification exam is designed for professionals who are involved in risk management activities in their organizations. PMI Risk Management Professional certification exam covers various aspects of risk management, including risk identification, risk analysis, risk response planning, risk monitoring and control, and risk communication. PMI-RMP Exam is intended to test the candidate's ability to apply risk management concepts and techniques in real-world situations.

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All these PMI-RMP exam dumps formats contain real, updated, and error-free PMI Risk Management Professional (PMI-RMP) exam questions that prepare you for the final PMI-RMP exam. To give you an idea about the top features of PMI-RMP Exam Dumps, a free demo download facility is being offered to PMI Risk Management Professional candidates. This free PMI-RMP exam questions demo download facility is available in all three PMI-RMP exam dumps formats.

PMI-RMP (PMI Risk Management Professional) Certification Exam is a globally recognized certification awarded by the Project Management Institute (PMI) to professionals who demonstrate expertise in the field of risk management. PMI Risk Management Professional certification is ideal for individuals who are responsible for identifying, analyzing, and managing risks in projects and organizations. The PMI-RMP Certification Exam tests candidates on their knowledge and skills related to risk management principles, concepts, and techniques. It is designed to validate the candidate's ability to assess and mitigate risk, and enhance project success.

PMI Risk Management Professional Sample Questions (Q156-Q161):

NEW QUESTION # 156
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. Cost plus percentage of costs
  • B. Fixed-price, incentive fee
  • C. Cost plus incentive fee
  • D. Time and material

Answer: A


NEW QUESTION # 157
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. Technical documentation
  • D. Risk Breakdown Structure

Answer: C

Explanation:
Explanation/Reference:


NEW QUESTION # 158
Todd is the project manager of the EST project for his company. His organization has established certain rules in the enterprise environmental factors which affect the approach that Todd takes in managing his project. One of the rules requires Todd to consider the risk attitude of the stakeholders participating in risk analysis. Why must risk attitude be considered as a part of risk analysis?

  • A. Risk attitude identifies stakeholders that are hygiene seekers or motivation seekers.
  • B. Risk attitude can affect the measurement of probability and impact.
  • C. Risk attitude can establish a stakeholder's influence over project decisions.
  • D. Risk attitude establishes stakeholders as positive or negative stakeholders.

Answer: B


NEW QUESTION # 159
A budget change request was initiated by a functional manager in an organization due to a shortage in the functional manager's department budget. The functional manager asks the CEO to approve utilization of a contingency budget reserved for one of the projects in its closing phase.
What should the risk manager of the related project have done to prevent this situation from happening?

  • A. Created the project work plan and budget more accurately.
  • B. Educated the project team on budget change requests.
  • C. Reformed the risk monitoring and closing process properly.
  • D. Communicated better with the organization's CEO.

Answer: C

Explanation:
According to the PMI Risk Management Professional (PMI-RMP)Handbook1, one of the domains of the PMI-RMP exam is Risk Monitoring and Reporting, which involves tracking identified risks, monitoring residual risks, identifying new risks, executing risk response plans, and evaluating risk process effectiveness throughout the project1. The risk manager of the related project should have reformed the risk monitoring and closing process properly to ensure that the contingency budget is only used for the intended risks and not for other purposes. The risk manager should have also communicated the status and outcomes of the risk activities to the relevant stakeholders, such as the functional manager and the CEO, to avoid any confusion or conflict over the budget allocation1. Reference: 1: PMI Risk Management Professional (PMI-RMP)Handbook, page 6.
The risk manager should have ensured a more accurate project work plan and budget to prevent the functional manager from requesting to use the project's contingency budget. A well-planned budget would have avoided the shortage in the functional manager's department budget.


NEW QUESTION # 160
You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule.
What technique will you use with this simulation?

  • A. Monte Carlo Technique
  • B. Pareto modeling
  • C. Expected Monetary Value
  • D. Analogous modeling

Answer: A


NEW QUESTION # 161
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