PMI PMI-RMP Dumps PDF Free Download - Page: 8

QUESTION: 57

Which of the following demonstrates that a company's risk management process is successful?

Projects deemed too risky are given additional time.
The number of identified risks has decreased.
Profitability has increased due to the risk management process.
Additional resources were added to complete the project faster.

Answer(s): C

A heavy industrial design firm has over USS3 billion in current contract value. As a result of quantitative risk analysis of a geographically separated project, opportunities have been identified and assessed as high priorities for the project.

What is the most effective method to capture these opportunities?

Integrate them into the RBS.
Schedule a project team meeting.
Formally notify the project manager.
Establish a contingency reserve.

Answer(s): C

Reveal Solution Next Question

QUESTION: 59

How can the project manager rank competing stakeholder priorities for all the identified risks?

Perform qualitative and quantitative risk analysis.
Engage the project sponsor to decide.
Refer to stakeholder analysis prioritization tree.
Perform a review of organizational process assets.

Answer(s): A

Reveal Solution Next Question

QUESTION: 60

The senior risk manager hears that critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks.
Which area should be reviewed, as an opportunity for the risk manager to coach the project manager responsible for the project?

Scope reduction to reduce SME reliance
Risk management plan and planned risks responses
Risk identification process and participation
Detailed review of the project schedule before approval

Answer(s): C

Reveal Solution Next Question

QUESTION: 61

Which of the following characteristics would a risk-adverse person or group demonstrate?

Reasonable comfort with most uncertainty; accepts risk as a normal feature of projects and business, and takes uncertainty in stride with no apparent or significant influence on their behavior.
Risk taking is a price worth paying for future payoffs; seeks strategies and tactics that have high future payoffs; thinks abstractly and creatively envisioning possibilities, and is not afraid of change oi unknowns.
Discomfort with uncertainty; low tolerance for ambiguity, and seeks security and resolution when facing risk.
Adaptable and resourceful, and is not afraid to take action, or even thrill seeking.

Answer(s): C

Reveal Solution Next Question

QUESTION: 62

A project manager has a two-month project with three project team members. The project sponsor does not agree with the project manager that a risk planning process is necessary, since the project is very small.

Would it be appropriate for the project manager to implement some level of risk management?

Yes, even small projects may require risk planning.
No, small projects do not usually require risk planning.
No, risk planning should be initiated with the sponsor's consent.
Yes, the risk planning process implementation is ultimately the project manager's decision.

Answer(s): A

Reveal Solution Next Question

QUESTION: 63

Which of the following would a proactive risk manager do during the Monitoring and Controlling Process?

Develop risk responses, create risk management plan, and stay alert for risk events.
Update the lessons learned documents, develop risk responses, and create the risk management plan.
Review identified risks, stay alert for risk events, and remind team members to keep the risk manager informed about risk triggers.
Review lessons learned document to identify risks, quantify risks, and lower impact ratings.

Answer(s): C

Reveal Solution Next Question

QUESTION: 64

A stakeholder is asked to approve additional funding to implement a risk response plan. However, the stakeholder is unsure of the amount that could be approved without escalation.

Where should the stakeholder look to determine the amount that can be approved?

Project charter
Risk management plan
Risk register
Organizational process assets

Answer(s): B

Reveal Solution Next Question

PMI Risk Management Professional PMI-RMP Dumps in PDF

Free PMI PMI-RMP Real Questions (page: 8)

QUESTION: 57

QUESTION: 58

QUESTION: 59

QUESTION: 60

QUESTION: 61

QUESTION: 62

QUESTION: 63

QUESTION: 64