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For quick and complete PMI Risk Management Professional (PMI-RMP) exam preparation you can trust Pass4cram PMI PMI-RMP Exam Questions. With the PMI PMI-RMP practice test questions you can ace your PMI Risk Management Professional (PMI-RMP) exam preparation and be ready to perform well in the final PMI PMI-RMP certification exam.

Books and Courses to Launch PMI-RMP Prep

As for the reliable resources to start your PMI-RMP prep, here are 4 options you should check out in the first place:

Project Risk Management (Project Management) by Bruce BarkleyYou can get this helpful paperback book on Amazon for $46.82. It uses templates and action plans to simplify the concepts in one of the PMI’s most popular books: A Guide to the Project Management Body of Knowledge (PMBOK Guide).
Project Management Training at DeVry UniversityDeVry University is one of the PMI-authorized trainers. You can enroll in one of their project management courses to learn more about project risk management. One of the most prominent of DeVry University course options is Project Risk Management training, which is a great way to prepare for the upcoming PMI-RMP Exam.
PMI-RMP Exam Content Outline by Project Management InstituteThis is the official content outline for the final PMI-RMP test. It shows you all of the possible domains, from which the exam questions are derived. It also contains the percentage of questions for each topic and tasks you may be asked to carry out.
Practice Standard for Project Risk Management by Project Management InstituteThis book is another useful official resource for your test prep. It provides the standard practices and techniques needed for effective project risk management, most of which you will be tested on. Thus, with its help, you will familiarize yourself with such terms as iterative processes, current assessments, and templates.

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Relevant PMI-RMP Answers - PMI-RMP Cheap Dumps

The PMI-RMP exam dumps are real and updated PMI-RMP exam questions that are verified by subject matter experts. They work closely and check all PMI-RMP exam dumps one by one. They maintain and ensure the top standard of Pass4cram PMI Risk Management Professional (PMI-RMP) exam questions all the time. The PMI-RMP practice test is being offered in three different formats. These PMI-RMP exam questions formats are PDF dumps files, web-based practice test software, and desktop practice test software.

PMI Risk Management Professional Sample Questions (Q65-Q70):

NEW QUESTION # 65
During project execution, a project manager invites the stakeholders to a risk review meeting. During this meeting, a vendor highlights that the mitigation plan for a schedule risk has generated an additional risk.
What should the risk manager do first?

A. Update the new risk in the risk register.
B. Add the new risk to the watch list.
C. Plan responses for the new risk.
D. Passively accept the new risk.

Answer: A

Explanation:
The risk manager should first update the risk register with the new risk identified by the vendor. This will help in keeping track of all the risks associated with the project and facilitate the subsequent planning and management of the risks.
The risk manager should update the new risk in the risk register, which is a project document that records the details of all identified risks, including their description, category, cause, probability, impact, and response strategy. Updating the risk register is the first step to acknowledge the existence of the new risk and to document its characteristics and potential effects on the project objectives. The risk register can then be used as an input for the Plan Risk Responses process, where the risk manager can develop appropriate actions to address the new risk. Reference: PMI, A Guide to the Project Management Body of Knowledge (PMBOKGuide), Sixth Edition, 2017, p. 397, 441.

NEW QUESTION # 66
The project manager wants risk metrics established for the new project. Which of the following metrics listed is best suited for this purpose?

A. Effectiveness of response plans
B. Number of approved project change requests
C. Effectiveness of the work breakdown structure
D. Number of detects identified

Answer: A

NEW QUESTION # 67
Stakeholder deliverable reviews will start soon and additional work is expected to resolve any issues or required adjustments. Budget overruns during execution have put serious constraints on the remainder of the project's budget.
What should the project manager do next?

A. Coach stakeholders on risk identification practices.
B. Request a budget relief using the management reserve.
C. Conduct a risk reassessment and reserve analysis.
D. Review the consequences of potential changes.

Answer: C

Explanation:
Explanation
The project manager should reassess the risks and analyze the reserve to determine if any adjustments can be made to accommodate the expected additional work. This will help in identifying potential budget-saving measures and making informed decisions on how to proceed.
According to the PMI Risk Management Professional (PMI-RMP) Reference Materials, risk reassessment is the process of reanalyzing existing project risks and identifying new risks throughout the project life cycle1.
Reserve analysis is the process of estimating the amount of contingency reserve and management reserve needed to account for the uncertainty and variability of the project2. In this case, the project manager should conduct a risk reassessment and reserve analysis as the next step, because the budget overruns during execution have changed the risk profile of the project and reduced the available funds to handle future risks.
By conducting a risk reassessment, the project manager can update the risk register and the risk response plan with the current status of the project risks and the effectiveness of the risk responses. By conducting a reserve analysis, the project manager can determine if the remaining contingency reserve and management reserve are sufficient to cover the potential impact of the project risks, and request additional funds if needed.
References: 1: PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, 2017, p. 442 2: PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, 2017, p. 215

NEW QUESTION # 68
A financial institution is creating a new product database tor their clients. The project sponsor of this project is concerned about failure of the digital platform that hosts the database. The risk manager states that this risk will only occur if there is a major power outage; however, the financial institution has back-up power generators in place.
What type of risk is being referred to here?

A. Environment risk
B. Major risk
C. Residual risk
D. Secondary risk

Answer: C

Explanation:
Residual risks are those that remain after implementing risk response strategies. In this scenario, the primary risk is a major power outage that could lead to the failure of the digital platform hosting the new product database. The financial institution has mitigated this risk by installing backup power generators. However, the possibility of a power outage still exists, and the effectiveness of the backup generators cannot be guaranteed with absolute certainty. Therefore, the remaining risk, despite the mitigation measures, is classified as residual risk.
PMI Risk Management Study Guide References:
The PMI-RMP Exam Content Outline defines residual risk as the risk that remains after risk responses have been implemented, highlighting the necessity of monitoring these risks throughout the project lifecycle.

NEW QUESTION # 69
A new resource is added to the project team from a matrix organization. How should the project's risk manager familiarize the new team member with the project's risk management process?

A. The functional manager is responsible for providing the training.
B. Send the new team member the risk management plan to read.
C. Provide project specific risk training and mentor through the risk process.
D. Provide the new team member with a copy of the risk register and latest status report.

Answer: C

Explanation:
Explanation/Reference:

NEW QUESTION # 70
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