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1. 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. Scope change control system
B. Cost change control system
C. Configuration management system
D. Integrated change control

2. You are the project manager of the GYH project for your organization. Management has asked you to begin identifying risks and to use any information-gathering technique. Which one of the following risk identification approaches is an information-gathering technique?

A. Root cause analysis
B. Assumptions analysis
C. SWOT analysis
D. Documentation reviews

3. You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project\\’s cost management plan. Why is it necessary to include the project\\’s cost management plan in the preparation for the quantitative risk analysis process?

A. The project\\’s cost management plan can help you to determine what the total cost of the project is allowed to be.
B. The project\\’s cost management plan provides direction on how costs may be changed due to identified risks.
C. The project\\’s cost management plan provides a control that may help determine the structure for quantitative analysis of the budget.
D. The project\\’s cost management plan is not an input to the quantitative risk analysis process.

4. You are working with the project stakeholders to analyze and prioritize their requirements for the project. One of the
project requirements is to achieve a high level of customer satisfaction for the project deliverable. What is the danger of this project requirement?

A. Achieving customer satisfaction is an assumption and should be documented in the project scope.
B. Achieving customer satisfaction is a subjective requirement and entails a high level of risk of being successfully
C. Achieving customer satisfaction is a risk as the project manager cannot control how satisfied the customer will be
with the project deliverables.
D. Achieving customer satisfaction should always map to the quality requirements for the project.

5. Kelly is the project manager of the BHH project for her organization. She is completing the risk identification process for this portion of her project. Which one of the following is the only thing that the risk identification process will create for Kelly?

A. Risk register
B. Risk register updates
C. Change requests
D. Project document updates

6. You are the project manager of the GHE Project. You have identified the following risks with the characteristics as
shown in the following figure: How much capital should the project be set aside for the risk contingency reserve?

A. $142,000
B. $41,750
C. $23,750
D. $232,000

7. A risk manager is conducting a risk audit review at project completion. Which of the following represents the order that which the steps should be performed to complete the full risk audit review?

A. Identify participants, conduct risk meetings, document findings, update the risk management plan
B. Arrange risk audit review, identify participants, prepare recommendations, update the risk management plan
C. Identify participants, conduct risk audit reviews, prepare recommendations, document the risk audit report
D. Prepare recommendations, identify participants, conduct risk audit reviews, document the risk audit report

8. Kelly is the project manager of the NNQ Project for her company. This project will last for one year and has a budget of $350,000. Kelly is working with her project team and subject matter experts to begin the risk response planning process. When the project manager begins the plan risk response process, what two inputs will she need?

A. Risk register and the risk response plan
B. Risk register and power to assign risk responses
C. Risk register and the risk management plan
D. Risk register and the results of risk analysis

9. The project enters a testing phase to validate a project requirement. The testing is occurring in a common company
testing area maintained by operations. The project team accepts the external customer\’s additional testing
requirements, which may cause a slip in the schedule. A risk is identified, added to the risk register, and a response is
What is the next step to be completed?

A. Inform the external customer that the project manager has added the schedule risk to the register.
B. Hire more resources to ensure the original schedule is maintained.
C. Communicate and monitor the risk response with testing and operations.
D. Resist the customer\’s scope increase to maintain the original testing requirements.

10. Which of the following techniques examines the degree to which organizational strengths offset threats and
opportunities that may serve to overcome weaknesses?

A. SWOT Analysis
B. Expert Judgment
C. Delphi
D. Brainstorming

11. You are working as a project manager in your organization. You are nearing the final stages of project execution and looking towards the final risk monitoring and controlling activities. For your project archives, which one of the following is an output of risk monitoring and control?

A. Quantitative risk analysis
B. Risk audits
C. Requested changes
D. Qualitative risk analysis

12. The risk manager examines the enterprise’s environmental factors to gain an understanding of the stakeholders\\’ risk appetite. However, risk appetites are not determined.
What is the best method a risk manager should use to initially define the stakeholders\\’ risk appetite?

A. Review risk response strategies
B. Conduct SWOT analysis.
C. What-if scenario.
D. Meetings and interviews with key stakeholders.

13. Thomas is the project manager of the NHJ Project for his company. He has identified several positive risk events within his project and he thinks these events can save the project time and money. Positive risk events, such as these within the NHJ Project are also known as what?

A. Benefits
B. Opportunities
C. Ancillary constituent components
D. Contingency risks

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