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Nowadays most people are attracted to the PMI Risk Management Professional (PMI-RMP) certification and take it seriously because they know that it is the future. But they can't figure out where to prepare for PMI Risk Management Professional (PMI-RMP) certification exam. After observing the problems of the students VCE4Dumps provides them with the best PMI Risk Management Professional (PMI-RMP) Questions so they don't get depressed anymore and pass the PMI Risk Management Professional (PMI-RMP) exam on the first try. The PMI Risk Management Professional (PMI-RMP) is designed after consulting with a lot of professionals and getting their reviews.

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PMI-RMP certification is recognized globally and is highly valued in the industry. It demonstrates a professional’s ability to identify and manage risks in a project or organization, which is crucial for the success of any project. PMI Risk Management Professional certification also showcases a professional’s commitment to excellence and continuous learning in the field of risk management.

Achieving the PMI-RMP certification can provide numerous benefits to professionals in the project management field. It demonstrates a high level of expertise in risk management and can lead to increased career opportunities and higher salaries. PMI Risk Management Professional certification can also enhance a professional's credibility and provide recognition within their industry.

Main Requirements to Meet

The PMI-RMP certification is intended for those professionals who possess advanced risk management knowledge and experience. The individuals who perform the role of a Project Manager and are involved in managing large projects and/or complex environments can also pursue this certificate.

The eligibility requirements for the PMI-RMP Certification include holding a secondary degree (including a high school diploma, an associate’s degree, or their global equivalent); 36 months of work experience in project risk management within the last 5 years; and at least 40 hours of risk management education concerning projects. If you do not meet some of the above-mentioned prerequisites, you can also qualify for this certificate satisfying the following requirements: a bachelor’s degree or a global equivalent of the same; at least 24 months of work experience in risk management within the last 5 years; and at least 30 hours of conclusive risk management education concerning projects.

PMI Risk Management Professional Sample Questions (Q163-Q168):

NEW QUESTION # 163
Frank is the project manager of the NHL Project for his company and he is starting the risk identification process for the project. Frank needs to ensure that the correct stakeholders are interviewed as part of risk identification. What document will help Frank to communicate and solicit inputs of the project stakeholders during risk identification?

A. Project charter
B. Stakeholder register
C. Requirements management plan
D. Risk register

Answer: B

NEW QUESTION # 164
A project manager is educating the project team on risk management regarding the role of threats and opportunities. The team decides to log the opportunities in the current project's risk register to try to maximize their chances of occurrence.
What should the project team do next?

A. Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis.
B. Log the threats in the risk register to try to maximize the probability of occurrence.
C. Log the threats in the risk register to try to minimize the probability of occurrence.
D. Update the project management plan to ensure the results of the opportunities are captured.

Answer: D

Explanation:
According to the PMI Risk Management Professional (PMI-RMP) Reference Materials, the project management plan is the document that describes how the project will be executed, monitored, and controlled. It integrates and consolidates all the subsidiary plans and baselines from the project management processes1. The project management plan should be updated whenever there are changes in the project scope, schedule, cost, quality, resources, communications, risks, procurements, or stakeholder engagement2. In this case, the project team has decided to log the opportunities in the current project's risk register, which is a component of the project management plan. Opportunities are positive risks that may have a beneficial effect on the project objectives, such as cost savings, schedule acceleration, or quality improvement3. Therefore, the project team should update the project management plan to ensure the results of the opportunities are captured and reflected in the relevant subsidiary plans and baselines. For example, if an opportunity leads to a cost saving, the project team should update the cost management plan and the cost baseline accordingly.
References: 1: PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, 2017, p. 89 2: PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, 2017, p. 123 3: PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, 2017, p. 397

NEW QUESTION # 165
Which one of the following is the only output for the qualitative risk analysis process?

A. Project management plan
B. Organizational process assets
C. Risk register updates
D. Enterprise environmental factors

Answer: C

NEW QUESTION # 166
A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?

A. Exploit
B. Avoidance
C. Mitigation
D. Transference

Answer: D

NEW QUESTION # 167
You work as a project manager for BlueWell Inc. Your project is using a new material to construct a large warehouse in your city. This new material is cheaper than traditional building materials, but it takes some time to learn how to use the material properly. You have communicated to the project stakeholders that you will be able to save costs by using the new material, but you will need a few extra weeks to complete training to use the materials. This risk response of learning how to use the new materials can also be known as what term?

A. Benchmarking
B. Team development
C. Cost-benefits analysis
D. Cost of conformance to quality

Answer: D

NEW QUESTION # 168
......

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