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PMI Updated PMI-RMP Exam Questions and Answers by ayzal

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PMI PMI-RMP Exam Overview :

Exam Name: PMI Risk Management Professional (PMI-RMP) Exam
Exam Code: PMI-RMP Dumps
Vendor: PMI Certification: PMI Certification
Questions: 221 Q&A's Shared By: ayzal
Question 20

In reviewing the team's identified project risks, a project manager identified an opportunity to assign more resources to ensure the company receives the project's incentive payment for early completion.

In implementing this plan, which response should the risk manager use?

Options:

A.

Exploit

B.

Accept

C.

Share

D.

Enhance

 

Discussion
Question 21

A project is In the initiation phase. The project stakeholders are Invited to a meeting to share their thoughts that may impact the project In a positive or negative way.

What will be the main output of this meeting?

Options:

A.

Evaluating the project's probability of success

B.

Identifying threats and opportunities

C.

Evaluating the project's impact

D.

Performing a qualitative analysis

Discussion
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Question 22

A financial institution is creating a new product database tor their clients. The project sponsor of this project is concerned about failure of the digital platform that hosts the database. The risk manager states that this risk will only occur if there is a major power outage; however, the financial institution has back-up power generators in place.

What type of risk is being referred to here?

Options:

A.

Major risk

B.

Residual risk

C.

Secondary risk

D.

Environment risk

Discussion
Question 23

A risk manager for a large project has completed documenting the risk management plan. The project is moving from planning to execution.

Which three actions should the risk manager take to ensure the risk management plan remains effective during the project timeframe? (Choose 3)

Options:

A.

Verify whether or not any identified risks might occur and implement the risk response plan.

B.

Regularly check and report on the status of risks identified according to their prioritization.

C.

Monitor the status and oversee execution of the risk response plan for each identified risk.

D.

Ensure management reserves are sufficient to cover the mitigation plans for all identified risks.

E.

Allocate and lock in project resources according to the initial risk prioritization for all identified risks.

Discussion
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