Ace PMI PMI-RMP Certification with Actual Questions Jan 17, 2024 Updated [Q12-Q31]

Rate this post

Ace PMI PMI-RMP Certification with Actual Questions Jan 17, 2024 Updated

2024 The Most Effective PMI-RMP with 117 Questions Answers

NEW QUESTION 12
A subcontractor working on a project may cause delays in the construction schedule. The project manager records this risk in the risk register and issues a change request sponsor rejects the change request.
What should the project manager have done differently?

Executed the risk strategy response and recorded it in the risk register.

Performed an analysis to affirm the request is valid before submitting.

Informed the client and the project sponsor that the request is being submitted.

Contacted the other stakeholders so they know the request is in process.

NEW QUESTION 13
During a major project review, the project manager discovers that large groups of internal management issues are obstructing progress. In reviewing the risk management plan, the project risk categories largely contain technical and customer relationship type risks. The project manager wants the risk management plan revised to account for these risk areas, particularly because the project has several more months before completion.
Who should the project manager collaborate with to revise the risk management plan at this stage of the project?

Risk manager, technical manager, and customers

Project sponsor, product owner, and risk owners

Risk manager, product owner, and risk owners

Risk manager, risk owners, and project sponsor

NEW QUESTION 14
The project enters a testing phase to validate a project requirement. The testing is occurring in a common company testing area maintained by operations. The project team accepts the external customer’s additional testing requirements, which may cause a slip in the schedule. A risk is identified, added to the risk register, and a response is developed.
What is the next step to be completed?

Inform the external customer that the project manager has added the schedule risk to the register.

Hire more resources to ensure the original schedule is maintained.

Communicate and monitor the risk response with testing and operations.

Resist the customer’s scope increase to maintain the original testing requirements.

NEW QUESTION 15
Upon reviewing the risk analysis results, the project manager notices several risks that occur more frequently than others. What should the project manager do?

Reduce the probabilities of those risks on the risk register

Transfer ownership of those risks to the customer

Implement the risk handling strategies for those risks

Request additional management reserve for those risks

NEW QUESTION 16
You work as a project manager for BlueWell Inc. You are about to complete the quantitative risk analysis process for your project. You can use three available tools and techniques to complete this process. Which one of the following is NOT a tool or technique that is appropriate for the quantitative risk analysis process?

Expert judgment

Data gathering and representation techniques

Organizational process assets

Quantitative risk analysis and modeling techniques

NEW QUESTION 17
Wendy is the project manager of the NNJ project for her company. As part of the variance and trend analysis tool and technique for risk governance she is using earned value management. In this approach, Wendy wants to track and compare the cost and schedule variances. What is the point of this tool and technique in regard to risk?

Wendy can determine a true project completion date.

Wendy can track the cost and schedule variances.

Wendy can review quality performance on baselines.

Wendy can forecast deviation of the project cost and schedule for completion targets.

NEW QUESTION 18
You are working with the project stakeholders to analyze and prioritize their requirements for the project. One of the project requirements is to achieve a high-level of customer satisfaction for the project deliverable. What is the danger in this project requirement?

Achieving customer satisfaction is an assumption and should be documented in the project scope.

Achieving customer satisfaction is a subjective requirement and entails a high level of risk of being successfully accomplished.

Achieving customer satisfaction is a risk as the project manager cannot control how satisfied the customer will be with the project deliverables.

Achieving customer satisfaction should always map to the quality requirements for the project.

NEW QUESTION 19
Wendy is the project manager of the FBL project for your company. She has identified several risks within her project and has created a risk contingency reserve of $45,000 total. Her project is nearly complete and many of the risks have not happened in the project. What should Wendy do with the funds in the contingency reserve?

The funds remain in the contingency reserve until all of the risks have passed.

The funds for the risks that have passed and have not happened are transferred to the project budget.

The funds for the risks that have passed and have not happened are released.

The funds remain in the contingency reserve until the project is closed.

NEW QUESTION 20
Your organization has a project that is expected to last 20 months but the customer would really like the project completed in 18 months. You have worked on similar projects in the past and believe that you could fast track the project and reach the 18 month deadline. What increases when you fast track a project?

Resources

Costs

Communication

Risks

NEW QUESTION 21
Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a
complete solution. Choose all that apply.

Estimating the average outcome

Model development

Decision making or the development of recommendations for decision makers

Increased understanding or quantification of the system

NEW QUESTION 22
Frank is the project manager of the NHH Project. He is working with the project team to create a plan to document the procedures to manage risks throughout the project. This document will define how risks will be identified and quantified. It will also define how contingency plans will be implemented by the project team.
What document is Frank and the NHH Project team creating in this scenario?

Resource management plan

Project plan

Project management plan

Risk management plan

NEW QUESTION 23
Which of the following are examples of relevant data gathering tools?

Risk response plan and interviews

Questionnaires and historical data

Work breakdown structure an historical data

Work breakdown structure and interviews

NEW QUESTION 24
You are the project manager of the NNN project for your company. You and the project team are working together to plan the risk responses for the project. You feel that the team has successfully completed the risk response planning and now you must initiate what risk process it is. Which of the following risk processes is repeated after the plan risk responses to determine if the overall project risk has been satisfactorily decreased?

Qualitative risk analysis

Quantitative risk analysis

Risk identification

Risk response implementation

NEW QUESTION 25
Gary is the project manager for his organization. He is working with the project stakeholders on the project requirements and how risks may affect their project. One of the stakeholders is confused about what constitutes risks in the project. Which of the following is the most accurate definition of a project risk?

It is an uncertain event that can affect the project costs.

It is an uncertain event or condition within the project execution.

It is an uncertain event that can affect at least one project objective.

It is an unknown event that can affect the project scope.

NEW QUESTION 26
Bill is the project manager for a project that will last six months and has a budget of $580,000. In this project a high-risk has been identified with the new materials the project will be using. Bill would like to assign one person, Beth, to be responsible to monitor this risk. Bill assigns Beth the authority to respond to the risk event if it appears in the risk events that is likely to happen. In addition, Bill hires a consultant to work with Beth on this area of the project. In this instance, who is the risk response owner?

Bill, because he is the project manager

Beth, because she has the authority to respond to the risk event

Beth and the consultant are the risk owners

The consultant working with Beth, because this is transference

NEW QUESTION 27
A project team member has just identified a new project risk. The risk event is determined to have significant impact but a low probability in the project. Should the risk event happen it’ll cause the project to be delayed by three weeks, which will cause new risk in the project. What should the project manager do with the risk event?

Add the identified risk to a quality control management control chart.

Add the identified risk to the issues log.

Add the identified risk to the risk register.

Add the identified risk to the low-level riskwatchlist.

NEW QUESTION 28
Which analysis method has a lower standard deviation?

European Hypercube

Monte Carlo simulation

Hecht analysis

Latin Hypercube

NEW QUESTION 29
The risk manager is prioritizing risks based on the potential impact to cost and schedule and identifies the following 4 risks:
Risk 1 has a US$500,000 potential cost increase, and a 60 day potential schedule slippage, with a 25% probability of occurring Risk 2 has a US$200,000 potential cost increase, and a 20 day potential schedule slippage, with a 60% probability of occurring Risk 3 has a US$1,200,000 potential cost increase, and a 90 day potential schedule slippage, with a 10% probability of occurring Risk 4 has @ US$600,000 potential cost increase, and a 70 day potential schedule slippage, with a 20% probability of occurring Using expected monetary value calculation, which risk has the greatest potential impact to cost and schedule?

Risk 1

Risk 2

Risk 3

Risk 4

NEW QUESTION 30
Elizabeth is a project manager for her organization and she finds risk management to be very difficult for her to manage. She asks you, a lead project manager, at what stage in the project will risk management become easier. What answer best resolves the difficulty of risk management practices and the effort required?

Risk management only becomes easier the more often it is practiced.

Risk management only becomes easier when the project is closed.

Risk management only becomes easier when the project moves into project execution.

Risk management is an iterative process and never becomes easier.

NEW QUESTION 31
Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?

The events should be entered into qualitative risk analysis.

The events should be determined if they need to be accepted or responded to.

The events should be entered into the risk register.

The events should continue on with quantitative risk analysis.

PMI-RMP Exam is considered one of the most prestigious certifications in the field of project management. It is designed for professionals who want to enhance their skills in risk management and demonstrate their commitment to the profession. PMI Risk Management Professional certification is recognized globally and is highly valued by employers, making it a valuable asset for individuals seeking career growth in the field of project management.

PMI-RMP certification exam covers various aspects of risk management, including identifying, assessing, and mitigating risks in projects. It also covers risk response planning, risk monitoring and control, and risk communication. PMI-RMP exam is designed to test an individual’s ability to apply risk management principles and techniques in real-world scenarios. The PMI-RMP certification is ideal for professionals who work in project management, risk management, business analysis, or any other related field. It is also suitable for individuals who want to enhance their career prospects and increase their earning potential in the industry.

Try Free and Start Using Realistic Verified PMI-RMP Dumps Instantly.: https://www.test4cram.com/PMI-RMP_real-exam-dumps.html

Leave a Reply Cancel reply