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2. In case you have a four-year degree such as a bachelor's degree, you need to have:

worked as a project manager for 24 months in the past 5 years;
undergone project risk management education for at least 30 hours.

This PMI-RMP exam is open to everyone who meets the aforementioned requirements and when it comes to the test details, it contains multiple-choice questions about risk identification, strategies, analysis, mitigation procedures, and best practices. In all, you will have 3 hours and 30 minutes to choose the correct answers to 170 items. What concerns the exam entry fee, the prices for PMI members and non-members differ. Thus, members of the PMI pay $520 for the official test while non-members pay $670. So, if you want to save another $150 on your PMI-RMP Certification, you can become a PMI member by registering on their website. To add more, the PMI-RMP exam will be held in any of the Pearson VUE-approved centers in your area. Overall, there are several such testing centers around the world so all you need to do is to find one near your location. Finally, eligible candidates are allowed to take the PMI-RMP exam a maximum of 3 times within one year of eligibility.

To be eligible for the PMI-RMP exam, candidates must meet certain requirements. They must have a minimum of three years of experience in project risk management, with at least 2,000 hours of experience in the field. In addition, they must have completed at least 30 hours of formal education in risk management or possess a related certification.

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PMI PMI-RMP Braindumps Downloads & PMI-RMP Sample Questions

PrepAwayExam offers authentic PMI-RMP questions with accurate answers in their PMI Risk Management Professional Exam practice questions file. These exam questions are designed to enhance your understanding of the concepts and improve your knowledge of the PMI-RMP Quiz dumps. By using these questions, you can identify your weak areas and focus on them, there by strengthening your preparation for the PMI Risk Management Professional (PMI-RMP) Exam.

PMI Risk Management Professional Sample Questions (Q11-Q16):

NEW QUESTION # 11
A risk manager administered a pre-workshop risk survey in preparation for the upcoming workshop. The workshop invitees participated in the survey and submitted many risks encompassing all project phases and risk areas. The risk manager sorts risks by similarities and categories for the workshop.
What should the risk manager do next to visually organize the risks?

A. Develop an affinity diagram
B. Perform a SWOT analysis
C. Perform the analytical hierarchy process
D. Assign probability and impact

Answer: A

Explanation:
Explanation
An affinity diagram is a tool used to visually organize and group risks or ideas based on their similarities and categories. It helps in structuring the risks for further analysis and discussion. (Reference: PMBOK Guide, 6th Edition, p. 138)

NEW QUESTION # 12

Very low = 1, Low = 2, Moderate = 3, High = 4, Very High = 5.
A project manager must complete a report for a stakeholder who is concerned about the possibility of a funding shortfall. What is the most effective way to explain the risk to this stakeholder?

A. The funding shortage is the lowest ranked/scored risk.
B. The funding shortage will have a very high impact on the project and is the highest priority.
C. The funding shortage has a very low probability of occurring and is not a concern for the project.
D. The funding shortage is a significant risk.

Answer: D

NEW QUESTION # 13
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. Cost of conformance to quality
B. Team development
C. Benchmarking
D. Cost-benefits analysis

Answer: A

Explanation:
Explanation/Reference:

NEW QUESTION # 14
Mary is the project manager for the BLB project. She has instructed the project team to assemble, to review the risks. She has included the schedule management plan as an input for the quantitative risk analysis process. Why is the schedule management plan needed for quantitative risk analysis?

A. Mary will utilize the schedule controls and the nature of the schedule for the quantitative analysis of the schedule.
B. Mary will utilize the schedule controls to determine how risks may be allowed to change the project schedule.
C. Mary will use the schedule management plan to schedule the risk identification meetings throughout the remaining project.
D. Mary will schedule when the identified risks are likely to happen and affect the project schedule.

Answer: A

NEW QUESTION # 15
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?

A. Meet with the project's stakeholders
B. Revise the risk management plan
C. Ensure sufficient resources are available
D. Update the risk register

Answer: B

Explanation:
According to the PMBOK® Guide1, the risk management plan is a component of the project management plan that describes how risk management activities will be structured andperformed. It provides guidance on how the project team will identify, analyze, respond, monitor, and control risks throughout the project life cycle. The risk management plan should be reviewed and updated whenever there are changes in the project scope, schedule, budget, or objectives, as these changes may introduce new risks or affect the existing ones. In this case, the organization's decision to accelerate a key project is a significant change that may alter the risk profile of the project. Therefore, the first action for the project risk manager to take is to revise the risk management plan to reflect the new situation and ensure that the risk management processes are aligned with the project objectives and constraints. This is part of the Plan Risk Management process in the PMBOK® Guide1. References: 1: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition

NEW QUESTION # 16
......

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