PASS GUARANTEED QUIZ PMI MARVELOUS PMI-RMP RELIABLE EXAM GUIDE

Pass Guaranteed Quiz PMI Marvelous PMI-RMP Reliable Exam Guide

Pass Guaranteed Quiz PMI Marvelous PMI-RMP Reliable Exam Guide

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PMI Risk Management Professional Sample Questions (Q86-Q91):

NEW QUESTION # 86
What risk identification technique allows participants to identify the project risks and to remain anonymous?

  • A. Influence diagrams
  • B. Surveys
  • C. Assumptions analysis
  • D. Delphi technique

Answer: D


NEW QUESTION # 87
A project manager is working on a complex construction project. During the risk identification process, hundreds of risks were identified. The team seems to be confused regarding on which risks to focus. The project manager advises the team to go ahead and start assessing the likelihood and impact of each risk.
What process is this part of?

  • A. Perform Qualitative Risk Analysis
  • B. Perform Quantitative Risk Analysis
  • C. Monitor and Control Risk
  • D. Plan Risk Management

Answer: A

Explanation:
The process of assessing the likelihood and impact of each identified risk is part of the Perform Qualitative Risk Analysis process. This process helps prioritize risks based on their probability and impact, allowing the project team to focus on the most significant risks. By doing so, the project manager and team can allocate resources and effort to address the risks that pose the greatest threat or opportunity to the project.
The process of assessing the likelihood and impact of each risk is part of the Perform Qualitative Risk Analysis process, which is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics. This process helps the project manager and the team to focus on the high-priority risks that have the most influence on achieving the project objectives. The other processes are not relevant to the question scenario. Plan Risk Management is the process of defining how to conduct risk management activities for a project. Perform Quantitative Risk Analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. Monitor and Control Risk is the process of implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness throughout the project. Reference: PMI Risk Management Professional (PMI-RMP) Examination Content Outline and Specifications, page 71. A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, pages 397-3982.
.


NEW QUESTION # 88
A project has a significant impact on an organization. Multiple stakeholders expressed concerns regarding the overall project risk during construction of the risk management plan, and they agreed that the risk appetite is low.
What should the project risk manager monitor closely?

  • A. Risk response strategies
  • B. Risk management reports
  • C. Risk thresholds
  • D. Risk breakdown structure (RBS)

Answer: C

Explanation:
Explanation
The project risk manager should monitor risk thresholds closely, as they represent the organization's risk appetite. In a project with a low risk appetite, it is essential to ensure that risks are managed within the defined thresholds to address stakeholders' concerns and maintain their confidence in the project's success.
According to the PMI Risk Management Professional (PMI-RMP) Reference Materials, risk thresholds are the measure of acceptable variation around an objective that reflects the risk appetite of the organization1. Risk appetite is the degree of uncertainty an entity is willing to take on in anticipation of a reward2. In this case, the project has a significant impact on the organization and the stakeholders have a low risk appetite, meaning they are not willing to accept much deviation from the project objectives. Therefore, the project risk manager should monitor the risk thresholds closely to ensure that the project risks do not exceed the acceptable level of variation and impact the project performance negatively. By monitoring the risk thresholds, the project risk manager can also identify when risk responses are needed and evaluate their effectiveness.
References: 1: PMI, Practice Standard for Project Risk Management, 2009, p. 20 2: PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, 2017, p. 720


NEW QUESTION # 89
During a risk identification session, the risk manager notices that subject matter experts (SMEs) are reluctant to participate because some risks could expose the poor maturity of processes in other business units. Which risk analysis technique should the risk manager use?

  • A. Delphi technique
  • B. Decision tree analysis
  • C. Strengths, weakness, opportunities, and threats (SWOT) analysis
  • D. Probability impact matrix

Answer: A

Explanation:
According to the PMI-RMP Exam Content Outline1, one of the tools and techniques for risk identification is the Delphi technique.
This is a method of obtaining expert opinions anonymously and iteratively until a consensus is reached.
The Delphi technique can help overcome the problem of SMEs being reluctant to participate in risk identification because it allows them to express their views without fear of criticism or confrontation from other participants.
The Delphi technique can also reduce the influence of dominant or biased individuals and encourage honest and independent feedback.
Therefore, the best answer is
B). References: 1: PMI-RMP Exam Content Outline, page 8.


NEW QUESTION # 90
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. Cost change control system
  • B. Configuration management system
  • C. Integrated change control
  • D. Scope change control system

Answer: B

Explanation:
Explanation/Reference:


NEW QUESTION # 91
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