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PMI-RMP (PMI Risk Management Professional) Certification Exam is a globally recognized certification that demonstrates an individual’s expertise in identifying and assessing risks within a project environment. PMI Risk Management Professional certification is designed for professionals who want to specialize in the field of risk management and enhance their career opportunities. PMI Risk Management Professional certification exam is developed and administered by the Project Management Institute (PMI), which is a leading global professional association for project managers.

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PMI-RMP certification is highly valued in the industry and can help professionals advance their careers in project management. It is recognized by leading organizations around the world and can open up new opportunities for individuals looking to pursue a career in risk management. With the PMI-RMP certification, professionals can demonstrate their expertise in managing risks and increase their value to their organizations.

PMI-RMP (PMI Risk Management Professional) certification exam is a globally recognized certification offered by the Project Management Institute (PMI). PMI Risk Management Professional certification is designed for professionals who are responsible for identifying and managing risks within projects. The PMI-RMP Certification Exam evaluates the knowledge and skills required to identify, assess, and mitigate project risks.

PMI Risk Management Professional Sample Questions (Q17-Q22):

NEW QUESTION # 17
You are the project manager of the BJA Project for your company. Management is worried about one of the identified risks in your project. The risk event has a probability of 90 percent and a cost impact of
$85,000. Management and you discuss possible solutions to address the risk. You share with them that for
$75,000 you can reduce the probability of the risk event to 15 percent and the impact to $25,000. This solution will add three weeks to the project schedule. Management thinks this is a good idea and they would like you to add the time and cost additions to your project plan. What type of risk response is used?

A. Mitigation
B. Acceptance
C. Exploit
D. Avoidance

Answer: A

NEW QUESTION # 18
A project team is conducting initial risk planning. What other risk-related task should the project manager perform?

A. Identifying the risk threshold
B. Scoring the risks utilizing the risk matrix
C. Determining the risk register headings
D. Prioritizing the risks in the risk register

Answer: A

NEW QUESTION # 19
You are the project manager of the GGK project for your company. The GGK project has a budget of $1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent
$575,000 to reach this point in the project. Management would like to know what your cost performance index and the schedule performance index is for this project. What are these values?

A. The CPI is -$68,960 and the SPI is $63,255.
B. The CPI is 1.14 and the SPI is .88.
C. The CPI is .88 and the SPI is zero.
D. The CPI is .88 and the SPI is 1.14.

Answer: D

NEW QUESTION # 20
You are the project manager of the GHY project for your organization. You are working with your project team to begin identifying risks for the project. As part of your preparation for identifying the risks within the project you will need eleven inputs for the process. Which one of the following is NOT an input to the risk identification process?

A. Procurement management plan
B. Cost management plan
C. Quality management plan
D. Stakeholder register

Answer: A

NEW QUESTION # 21
The project risk manager for an environmental preservation project has started the process of monitoring and controlling risks, The project manager has asked the project team to document the results of this process.
How should this documentation be utilized in the future?

A. To hold those who created the risk accountable
B. To ensure information is recorded for lessons learned
C. To comply with the rules and regulations
D. To return the remaining amount of the contingency reserve

Answer: B

Explanation:
Explanation
Documenting the results of the risk monitoring and controlling process is important for creating lessons learned. This helps future projects by providing a reference for risk management practices and experiences.

NEW QUESTION # 22
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PMI PMI-RMP Exam Dumps Are Available At A Cheap Price

Practice PMI-RMP Exam Pdf - PMI-RMP Clear Exam

PMI Risk Management Professional Sample Questions (Q17-Q22):

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