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PMI-RMP Certification Exam is a valuable credential offered by the Project Management Institute (PMI) for professionals who want to specialize in risk management. PMI Risk Management Professional certification is designed to validate the skills and knowledge required to identify, analyze, and respond to project risks. It is a globally recognized certification that demonstrates an individual's ability to manage risks effectively and efficiently.
PMI-RMP certification exam is a computer-based exam that consists of 170 multiple-choice questions. Candidates have four hours to complete the exam. To be eligible for the PMI-RMP Certification Exam, candidates must have a high school diploma or equivalent, and have completed either 30 hours of project risk management education or 3,000 hours of project risk management experience. PMI Risk Management Professional certification is highly respected and recognized by employers worldwide, as it demonstrates a candidate's commitment to professional development and expertise in managing risk in projects and organizations.
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PMI-RMP certification is a valuable certification for professionals who work in the field of risk management. PMI Risk Management Professional certification demonstrates that the candidate has the knowledge and skills necessary to identify, assess, and manage risks in a project or business environment. The PMI-RMP Certification is also a valuable asset for professionals who work in project management, business analysis, or other related fields, as it demonstrates a high level of expertise in risk management.
PMI Risk Management Professional Sample Questions (Q124-Q129):
NEW QUESTION # 124
You are the project manager of the NHQ Project for your company. You are discussing some of the project issues that need to be resolved in the project. You and the project stakeholders come to an agreement about the risk issues and how they will be resolved. Where should you document this information for issue resolution?
Answer: C
NEW QUESTION # 125
A major data center initiative involves performing a sensitivity analysis to determine the center's required amount of disaster recovery. Several key stakeholders are in disagreement about which level of disaster recovery is required. The lessons learned disaster recovery plans, and the difference for this data center is its geographical location and unique climate requirements. The database includes examples from previous similar initiatives, as well as the competitor's advertised plans.
What should the risk manager do to quantify the risk?
Answer: B
Explanation:
The Delphi technique is a structured communication process designed to build consensus among a group of experts and stakeholders when opinions differ and a quantitative assessment is needed. It uses rounds of anonymous input and feedback, allowing experts to refine their views based on others' anonymous contributions. This approach is especially useful when stakeholders are in disagreement and objective quantification of risk is required.
PMBOK Guide Extract:
"The Delphi technique is a way to reach a consensus of experts. Project risk experts participate in this technique anonymously. A facilitator uses a questionnaire to solicit ideas about the important project risks.
The responses are summarized and recirculated to the experts for further comment. Consensus may be reached in a few rounds of this process. The Delphi technique helps reduce bias in the data and keeps any one person from having undue influence on the outcome."
- PMBOK Guide, 6th Edition, Section 11.2.2.4
ISO 31000 Reference:
"Facilitated workshops and expert elicitation techniques, such as the Delphi method, can help achieve an objective and consensus-based understanding of complex risks."
- ISO 31000:2018, Section 6.4.2
In this scenario, since the stakeholders are in disagreement and the project involves complex, location-specific disaster recovery requirements, the Delphi technique (Option D) is the officially recommended approach to achieving consensus and quantifying risk.
References:
PMI PMBOK Guide, 6th Edition, Section 11.2.2.4
Practice Standard for Project Risk Management, PMI
ISO 31000:2018, Section 6.4.2
NEW QUESTION # 126
Tom is the project manager of the GGG project for his company. He is working with the project team on the Perform Qualitative Risk Analysis process. Tom is having the project team to review the project scope statement as an input to the qualitative risk analysis process. Why?
Answer: B
NEW QUESTION # 127
A list of risks was identified that could occur during the design phase. Now, the team finished the design phase and those risks did not materialize.
What should the project manager do next?
Answer: C
Explanation:
Since the design phase is complete and the identified risks did not materialize, the project manager should close the risks and update their status in the risk register.
The project manager should close the risks that did not materialize during the design phase and update their status in the risk register. Closing risks is part of the monitor and close risks process, which involves tracking the implementation of risk responses, monitoring the residual and secondary risks, and evaluating the effectiveness of risk management throughout the project. Closing risks also involves updating the risk register with the current status of the risks, the outcomes of the risk responses, and any lessons learned from the risk management process. Updating the risk register helps to maintain an accurate and updated record of the project risks and their impacts. Reference: PMI, Project Risk Management, 2nd edition, 2019, p. 97-981
NEW QUESTION # 128
Mark works as a project manager for TechSoft Inc. Mark, the project team, and the key project stakeholders have completed a round of qualitative risk analysis. He needs to update the risk register with his findings so that he can communicate the risk results to the project stakeholders including management. Mark will need to update all of the following information except for which one?
Answer: D
NEW QUESTION # 129
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