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PMI-RMP Exam Dumps - PMI Risk Management Professional (PMI-RMP) Exam

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Question # 4

A project manager is developing the risk register and works with the team to analyze risks and determine their probability and impact. There is valuable historical data available that may be used to simulate the overall risk outcome.

Which type of analysis should the project manager use in this instance?

A.

Check list analysis

B.

Cause and effect

C.

Specialized meeting

D.

Quantitative analysis

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Question # 5

In a project to promote public health and mitigate health risks, the national health authorities intend to take actions to limit the risks of harmful insects by using pesticides; however, it is expected that some residents will have negative health effects due to the use of the pesticides but according to the assessment completed by the health authorities, not moving forward with this plan will have much more serious consequences on public health rather than following through with the original plan.

How should the project manager address this concern with the health authorities?

A.

Suspend the project as the secondary risk will negatively impact residents' health which is not acceptable.

B.

Consult with health experts to provide a risk trigger before using pesticides that will impact the residents.

C.

Assess and record associated secondary risks and proceed to treat them as any other risks.

D.

Proceed with the project as normal since a minor number of residents will be effected negatively.

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Question # 6

A project team working on a large software deployment project for a few months has been able to prevent a technical risk from occurring. However, an incident took place and triggered the technical issue.

What should the risk manager do?

A.

Execute the risk response plan defined for the risk.

B.

Postpone the software launch to sort out the technical issue.

C.

Assess the impacts and define the response actions with the subject matter experts (SMEs).

D.

Meet with the project manager to revisit the project schedule.

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Question # 7

A project team has just initiated a large project to move an organization's headquarters to another location. The risk manager has scheduled a risk identification session but notices that the project charter, work breakdown structure (WBS). and scope statement are not available.

What should the risk manager consider?

A.

Aligning with the project manager to hold an open brainstorm session with all stakeholders will suffice.

B.

The ideal solution is to find alternate documents that provide good visibility on the environment.

C.

The risk identification process can be carried out as long as the project statement is available.

D.

Risk evaluation will be challenging without these elements as a frame of reference.

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Question # 8

During project development, a risk manager notices that a major update in the country's regulations might be happening in the upcoming months. These changes will affect the materials used in building some of the components of the final product. The project team is unsure if this risk will affect the project negatively or positively.

Which tool should the project team use to determine this?

A.

Sensitivity analysis

B.

Threshold analysis

C.

Reserve analysis

D.

Strengths, weaknesses, opportunities, and threats (SWOT) analysis 

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