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PMI Updated PMI-RMP Exam Questions and Answers by ronald

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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: ronald
Question 56

A risk manager for a new product development project has worked diligently with stakeholders and the project team to identify and document risks. These project risks vary widely in probability and impact.

Which three actions should the risk manager take to inform the identification of resource requirements for individual risk responses? (Choose 3).

Options:

A.

Work with the project team to conduct a decision tree analysis for each risk or set of related risks.

B.

Calculate the expected monetary value (EMV) of each risk and use these outputs to inform and defend project reserves.

C.

Conduct a Monte Carlo simulation to understand the probabilities of various risk outcomes.

D.

Use the risk breakdown structure (RBS) to calculate the total cost of mitigating all risks and ensure project reserves are adequate to cover this amount.

E.

Focus attention and resources on identified risks with the highest potential to impact the project.

Discussion
Question 57

In a complex project, individual risks have been identified with the stakeholders. The project sponsor asks the risk manager about the likelihood of project success. Which risk analysis tool(s) should the risk manager use as a basis for their response?

Options:

A.

Probabilistic and quantitative risk analyses to get the overall risk score

B.

Quantitative risk analysis to get the overall risk score

C.

Probabilistic risk analysis to get the overall risk score

D.

Qualitative risk analysis to get the overall risk score

 

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Question 58

A project lihat was in the execution phase for the last six months was put on hold and was eventually cancelled after numerous scope related challenges. It was decided to re-plan the scope and divide the project into multiple projects to have better insight into end objectives. As part of the project start up. the project manager is developing the risk planning for the project.

What three artifacts should the project manager consult or review during this process? (Choose three.)

Options:

A.

Project contracts

B.

Lessons learned registers from analogous projects

C.

Risk register

D.

Risk management plan

E.

Code of regulations

Discussion
Question 59

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

Options:

A.

Reduce the probabilities of those risks on the risk register

B.

Transfer ownership of those risks to the customer

C.

Implement the risk handling strategies for those risks

D.

Request additional management reserve for those risks

Discussion
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