PMI Risk Management Professional - PMI-RMP FREE EXAM DUMPS QUESTIONS & ANSWERS

A portfolio manager is reviewing a critical infrastructure-modernization program with key stakeholders from senior management. During the initial stages of the program, the stakeholders express conflicting views about potential risks. Some stakeholders prioritize cost reduction, while others emphasize delivery deadlines.
What should the risk manager do first?

A project team is leading a software development project. During the project kickoff meeting, the risk manager discovers that a vendor has not finalized the timeline for delivering an essential component. This creates uncertainty in the overall project schedule.
What should the risk manager do to address the risk?

A risk manager has to inform a project sponsor of the expected duration of an entire project. The project has three mam tasks, each with different probabilities of duration.
Which analytical tool should the risk manager use?

A risk manager schedules workshops for identifying risks about an initiative involving multiple business units, recruitments for different roles, procurements, technological uplift, training, and changes in the ways of working. Who should participate in the risk management activity?

A project has consistently been lagging in cost performance index (CPI) and schedule performance index (SPI) over the past few months. The risk manager realizes that some activities are taking longer than expected and more resources are needed.
Which project artifact should the risk manager analyze to mitigate the risk of further project overrun?

The stakeholders of a building construction project are not comfortable with the project manager ' s handling of the project as they believe there is a financial risk. The project manager asks the risk manager to assist in demonstrating to the stakeholders that the project risks are under a tolerable threshold.
What should the risk manager do first to demonstrate this to the stakeholders?

During a project progress meeting, a project team member is concerned that one of the risks has triggered several other low-level risks. These risks should be responded to quickly or there will be severe consequences for the project deliverables.
What should the risk manager do?

A project risk manager has been assigned to establish weighted-scoring criteria that represent the project's risk appetite.
How should the risk manager establish an effective risk-scoring matrix?

A company is a recognized leader in artificial-intelligence technology. The company is launching a complex project to deploy a machine-learning platform across global product teams. The project management office has introduced a new risk-management framework to better address the ethical, technical, and operational uncertainties specific to artificial-intelligence development. Several key stakeholders are unfamiliar with risk- management principles and practices, including risk-identification and risk-assessment activities.
What should the risk manager do in this situation?

A risk manager is facilitating a session to define a response to a critical risk. Stakeholders from several business units participate in the brainstorming, leading to a range of ideas for possible responses. However, the risk manager now needs to understand which solutions will be cost effective.
What should the risk manager do?

A risk manager and relevant stakeholders have completed a risk response plan for a project. They have identified and planned responses to the known risks; however, a risk owner has identified and reported some residual risks not previously addressed.
What should the risk manager do first?

An organization faces immense competition in the market and decides to accelerate a key project. What is the first action for the project risk manager to take?

An organization is executing two projects - Project A and Project B - simultaneously. A previously identified risk will impact the schedule for Project A. While executing the mitigation plan, a number of residual risks are identified that could provide cost savings for Project B.
Which action should the risk manager for Project A take?

The project manager and the risk manager of a new project to develop an application to support autonomous driving are meeting with the sponsor and key stakeholders to discuss the project. During the meeting, it is identified that the transport authority is discussing new traffic regulations for the industry that could be in place before the project ends.
How should the project manager and the risk manager handle this situation?

An IT project is 40% complete. During the initial analysis, risks A and B were identified for the project. Risk A has a probability of 0.6 and an impact of US$50.000. Risk B has a probability of 0.7 and an impact of USS60.000. After implementing the planned risk response for risk B. the probability of risk B has been reduced is 0.3.
What is the current project risk exposure?