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PMI Updated PMI-RMP Exam Questions and Answers by kareem

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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: kareem
Question 12

When approving the risk contingency budget for a project, the CEO notices each team has a different approach to report risks and their impacts. The CEO decides to create a new centralized risk management function to help resolve the problem.

How does centralizing the risk management function help resolve the problem?

Options:

A.

Enhance the process of identification of different Individual project risks.

B.

Allows monitoring the impact against the overall project risk exposure.

C.

Establishes risk sources and ownership for trigger monitoring.

D.

Creates a single repository for all project risk documents.

Discussion
Question 13

The project manager performed' a variance analysis on the project during the execution phase. The variances were shown as increasing

What does this result imply?

Options:

A.

The uncertainty and risk are increasing.

B.

The project schedule is lagging behind.

C.

There is no potential for future deviation.

D.

The project is over budget.

Discussion
Question 14

A new risk manager has been assigned to a project experiencing delays, quality issues, low performance, and client complaints. The work is being completed with the

client's vendor, which apparently has been causing all of the issues.

What should the risk manager do first?

Options:

A.

Enhance risk identification.

B.

Review the contingency reserves.

C.

Create a risk response plan.

D.

Review the risk registry.

Discussion
Question 15

A risk manager has a well-structured risk management process in place for a complex project with a tight schedule. Despite implementing preventive actions, one of the risks identified in the early stages of the project has still occurred and is now an issue.

What should the risk manager do next?

Options:

A.

Meet with the project team to brainstorm potential solutions to the problem.

B.

Implement the risk response plan to remedy the problem as soon as possible.

C.

Initiate discussions with the project manager to decide how to manage the problem.

D.

Escalate the problem to the project sponsor to agree on the best course of action.

 

Discussion
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