PMI-RMP PDF Dumps Sep 10, 2023 Exam Questions – Valid PMI-RMP Dumps
Ultimate PMI-RMP Guide to Prepare Free Latest PMI Practice Tests Dumps
To be eligible for the PMI-RMP certification exam, candidates must have a high school degree, associate's degree, or global equivalent, with at least 4,500 hours of project risk management experience and 40 hours of formal project risk management education. Alternatively, candidates can have a bachelor's degree, global equivalent, or higher degree, with at least 3,000 hours of project risk management experience and 30 hours of formal project risk management education. The PMI-RMP certification exam consists of 170 multiple-choice questions, and candidates have four hours to complete it.
NEW QUESTION # 29
Consider a project with a budget at completion of $1,345,000 and it is supposed to be completed by today, but it is only 80 percent complete. This project has spent $1,250,000 to reach this point of completion. What is the schedule variance for this project?
- A. 20 percent
- B. -$269,000
- C. -$217,500
- D. -$174,000
Answer: B
NEW QUESTION # 30
Lisa is the project manager of the FKN project for her organization. She is working with Sam, the CIO, to discuss a discount the vendor has offered the project based on the amount of materials that is ordered. Lisa and Sam review the offer and agree that while their project may qualify for the discounted materials the savings is nominal and they would not necessarily pursue the savings. Lisa documents this positive risk response in the risk register. What risk response is this?
- A. Acceptance
- B. Enhance
- C. Transference
- D. Share
Answer: A
NEW QUESTION # 31
You work as a project manager for BlueWell Inc. You are preparing for the risk identification process. You will need to involve several of the project's key stakeholders to help you identify and communicate the identified risk events. You will also need several documents to help you and the stakeholders identify the risk events.
Which one of the following is NOT a document that will help you identify and communicate risks within the project?
- A. Activity duration estimates
- B. Stakeholder register
- C. Activity cost estimates
- D. Risk register
Answer: D
NEW QUESTION # 32
You work as a project manager for TechSoft Inc. You are preparing to plan risk responses for your project with your project team. How many risk responses are available for a positive risk event in the project?
- A. Three
- B. One
- C. Four
- D. Seven
Answer: C
NEW QUESTION # 33
You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk in order to protect the project objectives. Which of the following strategies will you use to tackle the risk?
- A. Risk acceptance
- B. Risk transference
- C. Risk mitigation
- D. Risk avoidance
Answer: D
NEW QUESTION # 34
A project manager has finished the project charter for a project and has now moved into the planning phase. In the first planning meeting, the project manager is trying to determine the risk tolerance and risk attitudes of the project's key stakeholders.
What is the first resource the project manager should reference?
- A. Project charter
- B. Enterprise environmental factors (EEFs)
- C. Benefits management plan
- D. Requirements management plan
Answer: B
Explanation:
Explanation
Enterprise environmental factors (EEFs) provide information about the organization's culture, risk tolerance, and risk attitudes, which can help the project manager determine the risk tolerance and risk attitudes of the project's key stakeholders. (Reference: PMBOK Guide, 6th Edition, p. 39)
NEW QUESTION # 35
Where can a project manager find risk-rating rules?
- A. Organizational process assets
- B. Risk management plan
- C. Enterprise environmental factors
- D. Risk probability and impact matrix
Answer: A
NEW QUESTION # 36
During a risk reassessment workshop with the project team and some external stakeholders, two key external stakeholders are overemphasizing the impact of a few project risks. This has led to a conflict.
How should the risk manager handle this situation?
- A. Refer to the team's ground rules on how to resolve conflicts.
- B. Request for a skilled facilitator to help resolve conflicts that have arise.
- C. Run a sensitivity analysis to check which risks have the most impact.
- D. Use the assumption analysis techniques to validate the assumptions.
Answer: B
Explanation:
Explanation
Involving a skilled facilitator can help resolve conflicts that arise during the risk reassessment workshop. A facilitator can ensure that the workshop remains focused and productive while managing conflicts and differences of opinion. (Reference: PMBOK Guide, 6th Edition, p. 512)
NEW QUESTION # 37
A project manager has requested a risk manager facilitate risk identification on a project. While facilitating this effort, the project manager wants to ensure that stakeholders interact and provide their expertise so that an exhaustive list of risks is created.
Which risk identification technique should the risk manager use?
- A. Delphi technique
- B. Interviews
- C. Nominal group technique
- D. Prompt lists
Answer: C
Explanation:
Explanation
The risk identification technique that the risk manager should use is the nominal group technique. This technique involves bringing stakeholders together to brainstorm potential risks and then ranking them based on their importance. This allows for interaction and collaboration among stakeholders, which can help ensure that an exhaustive list of risks is created.
NEW QUESTION # 38
Examine the figure given below.
What will be the expected monetary value of Risk C?
- A. -$27,000
- B. -$113,750
- C. $175,000 if the risk event actually happens
- D. -$175,000
Answer: A
NEW QUESTION # 39
You are the project manager of the HJH project for your company. In your project, you have created the probability-impact risk matrix as shown in the following figure:
If Risk D happens in this project, how much will be left in the contingency reserve?
- A. $243,500
- B. $233,500
- C. $440,000
- D. $258,500
Answer: B
NEW QUESTION # 40
The risk manager wants to determine what is to be measured, how it is to be measured, and what project outcomes are to be measured. In which of the following processes should this be established?
- A. Executing Process
- B. Initiating Process
- C. Planning Process
- D. Monitoring and Controlling Process
Answer: C
NEW QUESTION # 41
During the design phase the project team is exploring various architecture options. After reviewing the results of design pilot, two conflicting infrastructure pieces were identified.
What action should the project manager take?
- A. Escalate the situation and request approval to move forward.
- B. Confirm the results through a second pilot.
- C. Reassess the design for the two pieces.
- D. Update the assumptions log and assess the risk associated with it.
Answer: D
Explanation:
Explanation
When conflicting infrastructure pieces are identified, the project manager should update the assumptions log to reflect the new information and assess the risks associated with the conflicting pieces. This allows the project manager to make informed decisions about how to address potential issues and avoid future problems.
(Reference: Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, Section 11.3)
NEW QUESTION # 42
____ analysis is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.
- A. Expected monetary value
- B. Expert judgment
- C. Modeling and simulation
- D. Sensitivity
Answer: A
NEW QUESTION # 43
You are completing the qualitative risk analysis process with your project team and are relying on the risk management plan to help you determine the budget, schedule for risk management, and risk categories.
You discover that the risk categories have not been created. When should the risk categories have been created?
- A. Plan risk management process
- B. Risk identification process
- C. Create work breakdown structure process
- D. Define scope process
Answer: A
NEW QUESTION # 44
You are the project manager of the NHH project for your company. You and the project team have completed the quantitative risk analysis for your project. During this process you create a contingency reserve based on the risk probability-impact matrix as seen in the figure below.
Based on the information in the figure above, what amount would you need to include in your risk contingency fund?
- A. $258,500
- B. -$465,000
- C. $171,500
- D. -$258,500
Answer: A
Explanation:
Explanation/Reference:
NEW QUESTION # 45
You are the project manager of the GGG project. You have completed the risk identification process for the initial phases of your project. As you begin to document the risk events in the risk register what additional information can you associate with the identified risk events?
- A. Risk owner
- B. Risk cost
- C. Risk potential responses
- D. Risk schedule
Answer: C
Explanation:
Explanation/Reference:
NEW QUESTION # 46
You are the project manager of QSL project for your organization. You are working with your project team and several key stakeholders to create a diagram that shows how various elements of a system interrelate and the mechanism of causation within the system. What diagramming technique are you using as a part of the risk identification process?
- A. Predecessor and successor diagramming
- B. Cause and effect diagrams
- C. System or process flowcharts
- D. Influence diagrams
Answer: C
NEW QUESTION # 47
Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States.
Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window units in time for the project's deadline. Management asked Harry to find a supplier who can fulfill the completion of the windows by the needed date in the schedule. What risk response has management asked Harry to implement?
- A. Acceptance
- B. Transference
- C. Mitigation
- D. Avoidance
Answer: C
NEW QUESTION # 48
You are the project manager of the NNH Project. In this project you have created a contingency response that the schedule performance index should be less than 0.93. The NHH Project has a budget at completion of $945,000 and is 45 percent complete though the project should be 49 percent complete. The project has spent $455,897 to reach the 45 percent complete milestone. What is the project's schedule performance index?
- A. -$37,800
- B. 1.06
- C. 0.92
- D. 0.93
Answer: C
NEW QUESTION # 49
You are interviewing members of a project team to test their understanding of the assigned risk responses as risk owners. You and the project manager are working together to evaluate the risk responses to determine their effectiveness in the project. What project management technique are you performing with the project manager in this scenario?
- A. Stakeholder analysis as the project team is a stakeholder
- B. Risk audits
- C. Risk identification with the project team
- D. Risk analysis
Answer: B
NEW QUESTION # 50
You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?
- A. Risk avoidance
- B. Risk utility function
- C. Risk-reward mentality
- D. Mitigation-ready project management
Answer: B
NEW QUESTION # 51
Della works as a project manager for Tech Perfect Inc. She is studying the documentation of planning of a project. The documentation states that there are twenty-eight stakeholders with the project. What will be the number of communication channels for the project?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 52
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