New 2025 Latest Questions PMI-RMP Dumps - Use Updated PMI Exam
Latest PMI-RMP Exam Dumps PMI Exam from Training Expert ValidTorrent
NEW QUESTION # 122
David is the project manager of HGF project for his company. David, the project team, and several key stakeholders have completed risk identification and are ready to move into qualitative risk analysis. Tracy, a project team member, does not understand why they need to complete qualitative risk analysis. Which one of the following is the best explanation for completing qualitative risk analysis?
- A. It is a rapid and cost-effective means of establishing priorities for the plan risk responses and lays the foundation for quantitative analysis.
- B. All risks must pass through quantitative risk analysis before qualitative risk analysis.
- C. Qualitative risk analysis helps segment the project risks, create a risk breakdown structure, and create fast and accurate risk responses.
- D. It is a cost-effective means of establishing probability and impact for the project risks.
Answer: A
NEW QUESTION # 123
Ben is the project manager of the YHT Project for his company. Alice, one of his team members, is confused about when project risks will happen in the project. Which one of the following statements is the most accurate about when project risk happens?
- A. Project risk is always in the future.
- B. Project risk happens throughout the project execution.
- C. Project risk is uncertain, so no one can predict when the event will happen.
- D. Project risk can happen at any moment.
Answer: A
NEW QUESTION # 124
A risk manager is preparing for the first meeting with their project sponsor on a potential project for a large client. The risk manager reviews their newly developed project risk register to identify any risks that should be analyzed further and begins by prioritizing the probability column based on the following criteria:
1 = Very Low
2 = Low
3 = Medium
4 = High
5 = Very High
What type of risk analysis is the risk manager performing?
- A. Scenario-based risk analysis
- B. Quantitative risk analysis
- C. Monte Carlo analysis
- D. Qualitative risk analysis
Answer: D
NEW QUESTION # 125
An IT project is 40% complete. During the initial analysis, risks A and B were identified for the project. Risk A has a probability of 0.6 and an impact of US$50.000. Risk B has a probability of 0.7 and an impact of USS60.000. After implementing the planned risk response for risk B. the probability of risk B has been reduced is 0.3.
What is the current project risk exposure?
- A. US$72.000
- B. US$18,000
- C. US$48,000
- D. US$30,000
Answer: A
Explanation:
Explanation
The current project risk exposure can be calculated as follows: Risk A: 0.6 (probability) x US$50,000 (impact)
= US$30,000 Risk B (after response): 0.3 (probability) x US$60,000 (impact) = US$18,000 Total risk exposure: US$30,000 (Risk A) + US$18,000 (Risk B) = US$72,000
NEW QUESTION # 126
You work as a project manager for SoftTech Inc. You have implemented the risk action plan and it was not effective. What type of plan should you as a project manager will create for implementation if a selected risk strategy fails to be fully effective?
- A. Mitigation plan
- B. Risk response plan
- C. Fallback plan
- D. Mitigation management plan
Answer: C
NEW QUESTION # 127
Joan is the project manager of the BTT project for her company. She has worked with her project to create risk responses for both positive and negative risk events within the project. As a result of this process Joan needs to update the project document updates. She has updated the assumptions log as a result of the findings and risk responses, but what other documentation will need to be updated as an output of risk response planning?
- A. Scope statement
- B. Lessons learned
- C. Technical documentation
- D. Risk Breakdown Structure
Answer: C
NEW QUESTION # 128
What approach can a project manager use to improve the project's performance during qualitative risk analysis?
- A. Create a risk breakdown structure and delegate the risk analysis to the appropriate project team members.
- B. Focus on near-term risks first.
- C. Focus on high-priority risks.
- D. Analyze as many risks as possible regardless of who initiated the risk event.
Answer: C
NEW QUESTION # 129
While planning for project execution phase stakeholders are making decisions on how to respond to known and new risks. What artifact should the stakeholders prepare?
- A. Assumption log
- B. Risk-adjusted back log
- C. Change log
- D. Issue log
Answer: B
Explanation:
Explanation
The stakeholders should prepare a risk-adjusted backlog when making decisions on how to respond to known and new risks. A risk-adjusted backlog helps prioritize work items based on their risk level and potential impact on the project.
A risk-adjusted backlog is an artifact that reflects the prioritization of the product backlog items based on their risk exposure. It is used to plan for the execution phase of an agile project, where the stakeholders can decide how to respond to known and new risks by selecting the most valuable and least risky items to deliver. A risk-adjusted backlog can help the stakeholders to optimize the value delivery and reduce the uncertainty of the project outcomes. References: PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, 2019, p. 113; PMI, Agile Practice Guide, 2017, p. 54.
NEW QUESTION # 130
The engineering department offers the project manager some highly-skilled resources for the same cost as those currently on board. What should the project manager do next to handle this situation?
- A. Accept the resources, to ensure project efficiency improvement is gained from the new resources.
- B. Decline, to avoid changes in project team setup and stakeholder disruption.
- C. Create a change request to prevent a delay in getting the resources hired.
- D. Analyze the impact of replacing the resources and exploit the opportunity.
Answer: D
NEW QUESTION # 131
Mary is the project manager of PKT project. In Mary's project there are certain enterprise environmental factors that require Mary to use modeling and simulation techniques to predict the likelihood of achieving cost and schedule objectives in the project. Mary is using a technique for which the cost estimates are chosen at random for each iteration of the analysis, such as pessimistic, most likely, and worst-case scenarios. What type of analysis is Mary using in this project?
- A. Quantitative analysis
- B. Risk distribution
- C. Qualitative analysis
- D. Monte Carlo Analysis
Answer: D
NEW QUESTION # 132
Billy is the project manager of the HAR Project and is in month six of the project. The project is scheduled to last for 18 months. Management asks Billy how often the project team is participating in risk reassessment in this project. What should Billy tell management if he's following the best practices for risk management?
- A. Project risk management is scheduled for every month in the 18-month project.
- B. Project risk management has been concluded with the project planning.
- C. Project risk management happens at every milestone.
- D. At every status meeting the project team project risk management is an agenda item.
Answer: D
NEW QUESTION # 133
You work as a project manager for BlueWell Inc. You are involved with the project team on the different risk issues in your project. You are using the applications of IRGC model to facilitate the understanding and managing the rising of the overall risks that have impacts on the economy and society. One of your team member wants to know that what is the need to use the IRGC. What will be your reply?
- A. IRGC models aim at building robust, integrative inter-disciplinary governance models for emerging and existing risks.
- B. IRGC addresses questions such as the understanding of the secondary impacts of a risk.
- C. IRGC addresses the development of resilience and the capacity of organizations and people to face unavoidable risks.
- D. IRGC is both a concept and a tool.
Answer: A
NEW QUESTION # 134
A project has a S0S4 chance of a US$100 000 profit and a 40% chance of a US$100,000 loss. What is the expected mcnetary value for this project?
- A. US$20,000 profit
- B. US$20.000 loss
- C. US$40,000 loss
- D. US$100,000 profit
Answer: A
Explanation:
Explanation
The expected monetary value (EMV) for this project can be calculated as follows: (0.6 x US$100,000) - (0.4 x US$100,000) = US$60,000 - US$40,000 = US$20,000 profit.
NEW QUESTION # 135
Henry is the project manager of the QBG Project for his company. This project has a budget of $4,576,900 and is expected to last 18 months to complete. The CIO, a stakeholder in the project, has introduced a scope change request for additional deliverables as part of the project work. What component of the change control system would review the proposed changes' impact on the features and functions of the project's product?
- A. Cost change control system
- B. Integrated change control
- C. Scope change control system
- D. Configuration management system
Answer: D
Explanation:
Explanation/Reference:
NEW QUESTION # 136
You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to use the new materials can also be known as what term?
- A. Benchmarking
- B. Team development
- C. Cost-benefits analysis
- D. Cost of conformance to quality
Answer: D
NEW QUESTION # 137
A risk manager completed risk response planning for a project that is currently in the execution phase. During a periodic review of the risk register, the project manager recognizes that some key secondary risks have not been considered.
Who should the project manager hold accountable for missing the risks?
- A. The audit team
- B. The risk manager
- C. The discipline engineers
- D. The risk owners
Answer: B
Explanation:
Explanation
The risk manager is responsible for ensuring that all risks, including secondary risks, are identified and addressed during the risk response planning process. If key secondary riskswere missed, the risk manager should be held accountable. (Reference: Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, Section 11.5)
NEW QUESTION # 138
......
Updated Test Engine to Practice PMI-RMP Dumps & Practice Exam: https://www.validtorrent.com/PMI-RMP-valid-exam-torrent.html
Pass PMI PMI-RMP PDF Dumps Recently Updated 205 Questions: https://drive.google.com/open?id=1h76nXLB6rjDjl6opsgjtEf9Nvw3JsVxb