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Reliable PMI PMI-RMP Test Book & Reliable PMI-RMP Exam Preparation

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Requirements

The PMI-RMP Certification Exam is designed for those individuals who hold a position of a Project Manager and concentrate on project risk management such as complex environments and large projects. The potential candidates are also required to have high-level knowledge and expertise in risk management. Moreover, the applicants must fulfill some prerequisites before applying for this test. They should have a secondary degree as well as possess 36 months of working experience in project risk management within the last 5 years, and 40 hours of education in this sphere. On the other hand, those applicants who hold a four-year degree, 24 months of working experience in project risk management within the last 5 years, and 30 hours of education in project risk management are eligible for this exam as well.

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Reliable PMI PMI-RMP Exam Preparation - PMI-RMP Free Exam Questions

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PMI Risk Management Professional Sample Questions (Q106-Q111):

NEW QUESTION # 106
Which risk response is acceptable for both positive and negative risk events?

A. Transferring
B. Sharing
C. Acceptance
D. Enhancing

Answer: C

NEW QUESTION # 107
The risk manager of a medium-sized project is performing risk response planning with the project team. The proposed action for one specific, primary risk introduces a secondary risk What should the risk manager and the risk owner of the primary risk do about this situation?

A. Perform an analysis to calculate the estimated required budget for the secondary risk and propose to increase the management reserve accordingly.
B. Take no action, as secondary risks are not important for the successful execution of a project.
C. Produce an agreed risk description, assess the probability, impacts, and select an appropriate response strategy for the secondary risk.
D. Inform the project manager about the occurrence of a secondary risk and propose to increase the management reserve.

Answer: C

NEW QUESTION # 108
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. Accept the fact that there is a risk associated with this new technology.
B. Outsource the implementation of the new technology as soon as possible.
C. Escalate this initiative to project decision makers and sponsors.
D. Take advantage of this opportunity of Improving the project performance.

Answer: D

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 PMBOK® Guide1, 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 newtechnology 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 PMBOK® Guide1. References: 1: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition.

NEW QUESTION # 109
While creating the appropriate risk strategy, the project manager discovers that the project team lacks the necessary expertise to define the risk management plan. What additional resources should be utilized?

A. Consultants, industry group, and subject matter experts
B. Consultants, professional and technical associations, subject matter experts, and industry groups
C. Consultants, organizational process assets, subject matter experts, and stakeholder tolerance analysis
D. Consultants, professional and technical associations, and subject matter experts

Answer: C

NEW QUESTION # 110
You are the project manager for the NHQ Project. This project requires that you install 140 copies of design software onto your department's computers. The vendor offers you a twenty percent discount on the software if your company will purchase 150 or more copies of the software. You communicate this offer with other departments in your firm to see if anyone else would need 10 copies of the software to save your project a significant amount of funds. What is this risk response called?

A. Exploiting
B. Transference
C. Sharing
D. Avoidance

Answer: C

NEW QUESTION # 111
......

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