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What is the duration of the PMI-RMP Exam

  • Length of Examination: 3.5 hours
  • Format: Multiple choices, multiple answers
  • Number of Questions: 170

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PMI Risk Management Professional Sample Questions (Q78-Q83):

NEW QUESTION # 78
A company in the mining industry accommodates a lot of innovation and changing work conditions. Because of this, the company experiences difficulty in predicting long term business plans.
How should a professional risk manager manage the risks in such situations?

  • A. Adopt a predictive approach to manage the risks.
  • B. Conduct weekly risk management meetings with all stakeholders.
  • C. Adopt agile approaches to manage the risks.
  • D. Utilize proper documentation to help manage the risks.

Answer: C

Explanation:
Explanation
In a company with rapidly changing work conditions and difficulty in predicting long-term business plans, a professional risk manager should adopt agile approaches to manage the risks (B). Agile approaches allow for flexibility, adaptability, and quick response to changes, making them suitable for managing risks in such situations. This is supported by the PMI's PMBOK Guide, Sixth Edition, and the Agile Practice Guide.


NEW QUESTION # 79
Rex is the project manager of the BDF Project. This project will last for two years and has a budget of $2,345,000. Management has instructed Rex that the project must not go over budget as funds are very tight in the organization. During the project planning Rex and the project team discover a positive risk event to save $75,000. Rex wants to make certain that this risk event happens so which risk response method is most appropriate?

  • A. Enhance
  • B. Share
  • C. Mitigation
  • D. Exploit

Answer: D


NEW QUESTION # 80
You work as a project manager for BlueWell Inc. You with your team are using a method or a (technical) process that conceives the risks even if all theoretically possible safety measures would be applied. One of your team member wants to know that what is a residual risk. What will you reply to your team member?

  • A. It is a risk that will remain no matter what type of risk response is offered.
  • B. It is a risk that remains after planned risk responses are taken.
  • C. It is a risk that remains because no risk response is taken.
  • D. It is a risk that can not be addressed by a risk response.

Answer: B


NEW QUESTION # 81
You are the project manager of the GHY project. In your organization you must follow certain enterprise environmental factors that establish the rules for risk management . One of the policies your project must adhere to requires periodic rapid analysis of risks within the project. These rapid, cost-effective session must be documented and performed monthly. What type of analysis are you required to perform according to your enterprise environmental factors?

  • A. Quantitative analysis
  • B. Brainstorming
  • C. Delphi Technique
  • D. Qualitative analysis

Answer: D


NEW QUESTION # 82
You are the project manager for your organization. You are working with your project team to complete the qualitative risk analysis process. The first tool and technique you are using requires that you assess the probability and what other characteristic of each identified risk in the project?

  • A. Risk owner
  • B. Impact
  • C. Cost
  • D. Risk category

Answer: B


NEW QUESTION # 83
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