PMI-RMP VALID TEST DURATION - PMI-RMP: PMI RISK MANAGEMENT PROFESSIONAL FIRST-GRADE VALID TEST DURATION

PMI-RMP Valid Test Duration - PMI-RMP: PMI Risk Management Professional First-grade Valid Test Duration

PMI-RMP Valid Test Duration - PMI-RMP: PMI Risk Management Professional First-grade Valid Test Duration

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In order to take the PMI-RMP Exam, candidates must meet certain eligibility criteria, such as having a minimum of 3,000 hours of experience in project risk management and 30 hours of formal education in risk management. PMI-RMP exam consists of 170 multiple-choice questions, which must be completed in four hours. Upon passing the exam, candidates receive the PMI-RMP certification, which is valid for three years and requires ongoing professional development to maintain.

PMI-RMP certification is an excellent opportunity for individuals who want to enhance their knowledge and skills in risk management. PMI Risk Management Professional certification is highly valued by employers and can open up new career opportunities for professionals in this field. With the right preparation and dedication, passing the PMI-RMP Exam can be a game-changer for your career.

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Our PMI Risk Management Professional (PMI-RMP) practice exam simulator mirrors the PMI Risk Management Professional (PMI-RMP) exam experience, so you know what to anticipate on PMI Risk Management Professional (PMI-RMP) certification exam day. Our PMI PMI-RMP Practice Test software features various question styles and levels, so you can customize your PMI PMI-RMP exam questions preparation to meet your needs.

PMI-RMP exam is a computer-based test that consists of 170 multiple-choice questions. Candidates have four hours to complete the exam. PMI-RMP exam is administered by Pearson VUE, a leading provider of computer-based testing services. The PMI-RMP Certification is valid for three years, after which candidates are required to renew their certification by earning 30 Professional Development Units (PDUs) in risk management-related activities.

PMI Risk Management Professional Sample Questions (Q150-Q155):

NEW QUESTION # 150
An undocumented risk is realized during the rollout of a new product line important to the company. The product owner escalates this matter to the company president, who expects all risks to be documented in the project risk plan.
How should the risk manager address this concern?

  • A. Risks are documented to the practicable extent possible.
  • B. A similar risk never occurred in the past, so it was not considered.
  • C. Impact of the risk was assessed to be insignificant, so the risk was not documented.
  • D. Probability of the risk was very low. so the risk was not documented.

Answer: A


NEW QUESTION # 151
You are the project manager for BlueWell Inc. You are reviewing the risk register for your project. The risk register provides much information to you, the project manager and to the project team during the risk response planning. All of the following are included in the risk register except for which item?

  • A. Symptoms and warning signs of risks
  • B. List of potential risk responses
  • C. Trends in qualitative risk analysis results
  • D. Network diagram analysis of critical path activities

Answer: D


NEW QUESTION # 152
As a part of monitoring and controlling the project, the project manager should update the risk register. The project manager should update the risk register with information on risk reassessment, risk audits, and periodic risk reviews. What other information should the project manager update the risk register with?

  • A. Actual cost of risk events.
  • B. Actual outcomes of the project's risks and of the risk responses.
  • C. Actual costs and schedule delays of risk events.
  • D. Actual outcomes of risk management duties by the project team.

Answer: B


NEW QUESTION # 153
During the design phase the project team is exploring various architecture options. After reviewing the results of design pilot, two conflicting infrastructure pieces were identified.
What action should the project manager take?

  • A. Confirm the results through a second pilot.
  • B. Update the assumptions log and assess the risk associated with it.
  • C. Reassess the design for the two pieces.
  • D. Escalate the situation and request approval to move forward.

Answer: B

Explanation:
According to the PMBOK Guide, 6th edition, Section 11.2.1.2, Assumptions Log, an assumption is a factor that is considered to be true, real, or certain without proof or demonstration. Assumptions can affect the project planning and execution, and should be identified, documented, validated, and updated throughout the project life cycle. The assumptions log is an output of the Identify Risks process, and it records the project assumptions and their potential impact, validity, and priority. If the assumptions are found to be invalid or inaccurate, they may introduce new risks or change the existing risk exposure. Therefore, the project manager should update the assumptions log and assess the risk associated with the conflicting infrastructure pieces, and plan appropriate risk responses if needed. Reference: PMBOK Guide, 6th edition, Section 11.2.1.2, Assumptions Log When conflicting infrastructure pieces are identified, the project manager should update the assumptions log to reflect the new information and assess the risks associated with the conflicting pieces. This allows the project manager to make informed decisions about how to address potential issues and avoid future problems. (Reference: Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, Section 11.3)


NEW QUESTION # 154
The project manager wants to use an objective method to evaluate the key project risks and develop response plans.
What action should the risk manager propose?

  • A. Ask the team to perform an earned value analysis.
  • B. Ask the risk expert to perform a PESTLE evaluation.
  • C. Ask the team to prepare a Monte Carlo analysis.
  • D. Review the lessons learned from other projects.

Answer: C

Explanation:
The action that the risk manager should propose is to ask the team to prepare a Monte Carlo analysis. This is a statistical technique that can be used to model the probability of different outcomes in a project. By performing a Monte Carlo analysis, the project manager can objectively evaluate key project risks and develop response plans based on this analysis.
A Monte Carlo analysis is a simulation technique that uses probability distributions and random sampling to model the possible outcomes of a project risk event. It can help the project manager to evaluate the key project risks and develop response plans based on the expected value, standard deviation, and confidence intervals of the results. A Monte Carlo analysis can also provide information on the probability of achieving the project objectives, such as cost, schedule, and quality. A Monte Carlo analysis is an objective method because it does not rely on subjective judgments or opinions, but on mathematical calculations and statistical data. Reference: PMBOK Guide, 6th edition, Section 11.5.2.3, Monte Carlo Analysis1


NEW QUESTION # 155
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