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The benefit in Obtaining the PMI-RMP Exam Certification

PMI Risk Management Professional will be confident and stand different from others as their skills are more trained than non-certified professionals.
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The Project Management Institute (PMI) is a world-renowned organization that offers a wide range of certifications for professionals in the project management field. One such certification is the PMI-RMP (PMI Risk Management Professional) certification exam. PMI Risk Management Professional certification is designed for professionals who specialize in identifying and assessing project risks, and developing and implementing risk management strategies.

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PMI-RMP Certification Exam is a computer-based exam that consists of 170 multiple-choice questions. Candidates have four hours to complete the exam. The passing score for the exam is determined by a psychometric analysis, which ensures that the passing score is fair and consistent for all candidates.

PMI Risk Management Professional Sample Questions (Q127-Q132):

NEW QUESTION # 127
There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events?

A. Acceptance
B. Sharing
C. Transference
D. Mitigation

Answer: A

NEW QUESTION # 128
Some project risks are applicable for the project's lifecycle while others risks are only applicable to specific project activities. When should project risks be closed?

A. When iterative data analysis determines the risk is not applicable
B. When the risk has been realized and can no longer happen again
C. When the stakeholders agree a risk is no longer applicable
D. When the forecast activity date has been met or exceeded

Answer: C

Explanation:
Project risks should be closed when the stakeholders agree a risk is no longer applicable. This ensures that risks are actively managed and only relevant risks are considered throughout the project lifecycle.
According to the PMI Risk Management Professional (PMI-RMP) Reference Materials, project risks are uncertain events or conditions that may have a positive or negative effect on one or more project objectives1.
Project risks can be closed when they are no longer applicable to the project or its activities. The process of closing project risks involves verifying that the risk responses have been completed, documenting the outcomes, and evaluating the effectiveness of the risk management process2. The decision to close a project risk should be made by the stakeholders who are responsible for or affected by the risk, as they are the ones who can determine whether the risk is still relevant or not. Therefore, the correct answer is B. When the stakeholders agree a risk is no longer applicable.
References: 1: PMI, A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Sixth Edition, 2017, p. 397 2: PMI, Practice Standard for Project Risk Management, 2009, p. 111

NEW QUESTION # 129
A project manager wants to introduce a new technology to improve a project's performance. However, there are some costs associated that are beyond the current budget, and the proposed technology has not been applied to any previous company projects.
What should the project manager do in this situation?

A. Escalate this initiative to project decision makers and sponsors.
B. Take advantage of this opportunity of Improving the project performance.
C. Accept the fact that there is a risk associated with this new technology.
D. Outsource the implementation of the new technology as soon as possible.

Answer: B

Explanation:
The project manager should escalate this initiative to project decision makers and sponsors, as they have the authority to approve changes in budget and scope. They can evaluate the potential benefits and associated with the new technology and make an informed decision on whether to proceed.
According to the PMBOKGuide1, an opportunity is a risk that would have a positive effect on one or more project objectives if it occurs. Opportunities are uncertain events or conditions that can enhance or facilitate the achievement of project goals, such as cost savings, schedule acceleration, quality improvement, or scope expansion. A project manager should take advantage of opportunities by implementing risk responses that seek to maximize their probability and/or positive impact. In this case, the project manager wants to introduce a new technology to improve the project's performance, which is an opportunity for the project. The project manager should take advantage of this opportunity by planning and executing appropriate risk responses, such as exploiting, enhancing, sharing, or accepting the opportunity. This is part of the Plan Risk Responses and Implement Risk Responses processes in the PMBOKGuide1. Reference: 1: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition.

NEW QUESTION # 130
There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?

A. Enterprise environmental factors
B. Cost management plan
C. Risk register
D. Risk management plan

Answer: A

NEW QUESTION # 131
A project team has just initiated a large project to move an organization's headquarters to another location. The risk manager has scheduled a risk identification session but notices that the project charter, work breakdown structure (WBS). and scope statement are not available.
What should the risk manager consider?

A. Risk evaluation will be challenging without these elements as a frame of reference.
B. The ideal solution is to find alternate documents that provide good visibility on the environment.
C. The risk identification process can be carried out as long as the project statement is available.
D. Aligning with the project manager to hold an open brainstorm session with all stakeholders will suffice.

Answer: A

Explanation:
According to the PMI-RMP Exam Content Outline1, one of the tasks in the domain of risk identification is to "review project documents, assumptions, and constraints, and understand the project environment and organizational factors to identify risks". The project charter, work breakdown structure (WBS), and scope statement are essential project documents that provide information about the project objectives, deliverables, requirements, assumptions, and constraints. Without these elements, the risk manager will have difficulty identifying and evaluating the risks that may affect the project. Therefore, the best answer is D. Reference: 1: PMI-RMP Exam Content Outline, page 7.

NEW QUESTION # 132
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2025 PMI-RMP–100% Free Pass4sure Dumps Pdf | Pass-Sure PMI-RMP Torrent

The benefit in Obtaining the PMI-RMP Exam Certification

PMI PMI-RMP Torrent | Test PMI-RMP Cram

PMI Risk Management Professional Sample Questions (Q127-Q132):

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