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Pass Guaranteed 2025 Unparalleled PMI PMI-RMP: PMI Risk Management Professional Test Duration
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Main Requirements to Meet
The PMI-RMP Certification is intended for those professionals who possess advanced risk management knowledge and experience. The individuals who perform the role of a Project Manager and are involved in managing large projects and/or complex environments can also pursue this certificate.
The eligibility requirements for the PMI-RMP certification include holding a secondary degree (including a high school diploma, an associate’s degree, or their global equivalent); 36 months of work experience in project risk management within the last 5 years; and at least 40 hours of risk management education concerning projects. If you do not meet some of the above-mentioned prerequisites, you can also qualify for this certificate satisfying the following requirements: a bachelor’s degree or a global equivalent of the same; at least 24 months of work experience in risk management within the last 5 years; and at least 30 hours of conclusive risk management education concerning projects.
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PMI Risk Management Professional Sample Questions (Q160-Q165):
NEW QUESTION # 160
Wendy is about to perform qualitative risk analysis on the identified risks within her project. Which one of the following will NOT help Wendy to perform this project management activity?
- A. Stakeholder register
- B. Project scope statement
- C. Risk management plan
- D. Risk register
Answer: A
NEW QUESTION # 161
A project manager is developing the risk management process and schedules a risk planning workshop at the start of the project. Upon receiving the invitation, a senior stakeholder emails the project manager stating that a risk management plan is not needed since this is small project, and lack of a plan will reduce costs.
Which of the following should the project manager do?
- A. Continue with the workshop, but remove the stakeholder from the list of attendees.
- B. Review the scope in an attempt to save money in other areas of the project to provide funding for the risk management activities
- C. Advise the stakeholder that risk management is a valuable undertaking and must be applied to all projects to some degree.
- D. Cancel the workshop as the stakeholder is senior and risk management is an optional process, especially on smaller projects.
Answer: C
NEW QUESTION # 162
Mike is the project manager of the NNP Project for his organization. He is working with his project team to plan the risk responses for the NNP Project. Mike would like the project team to work together on establishing risk thresholds in the project. What is the purpose of a risk threshold?
- A. It helps to identify those risks for which specific responses are needed.
- B. It is a limit of the funds that can be assigned to risk events.
- C. It is a warning sign that a risk event is going to happen.
- D. It is a study of the organization's risk tolerance.
Answer: A
NEW QUESTION # 163
There is confusion among risk action owners on a project about when and under which conditions they should initiate risk responses. Project team members often need to consult with the risk manager to get this conflict resolved.
What should the risk manager do to resolve this recurring situation?
- A. Revisit the risk thresholds and triggers.
- B. Provide coaching to the risk action owners.
- C. Update the risk response strategies.
- D. Review the stakeholders' risk appetite.
Answer: A
Explanation:
When there is confusion among risk action owners about when to initiate risk responses, it suggests that the risk thresholds and triggers may not be well-defined or understood. Revisiting and clarifying these thresholds and triggers can help ensure that everyone involved understands the specific conditions under which a risk response should be initiated. This will reduce confusion and ensure that risk responses are executed consistently and appropriately.
PMI's risk management practices emphasize the importance of clearly defined risk thresholds and triggers to guide the timely and effective implementation of risk responses.
NEW QUESTION # 164
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?
- A. Risk 3
- B. Risk 1
- C. Risk 4
- D. Risk 2
Answer: B
NEW QUESTION # 165
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