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Free RMP Exam Braindumps

You are the project manager of the YHG project for your company. Within the project, you and the project team have identified a risk event that could have a financial impact on the project of $450,000. This risk event has a 70 percent chance of occurring in the project. The project identifies a solution that will reduce the probability of the risk event to ten percent, but it will cost $260,000 to implement. Management agrees with the solution and asks that you include the risk response in the project plan. What risk response is this?

  1. This is mitigation because the response reduces the probability.
  2. This is not a risk response, but a change request.
  3. This is transference because of the $260,000 cost of the solution.
  4. This is avoidance because the risk response caused the project plan to be changed.

Answer(s): A



You are the project manager of the NKJ Project for your company. The project's success or failure will have a significant impact on your organization's profitability for the coming year. Management has asked you to identify the risk events and communicate the event's probability and impact as early as possible in the project. Management wants to avoid risk events and needs to analyze the cost-benefits of each risk event in this project. What term is assigned to the low-level of stakeholder tolerance in this project?

  1. Mitigation-ready project management
  2. Risk utility function
  3. Risk avoidance
  4. Risk-reward mentality

Answer(s): B



You are the project manager for your organization. You are working with your key stakeholders in the qualitative risk analysis process. You understand that there is certain bias towards the risk events in the project that you need to address, manage, and ideally reduce. What solution does the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?

  1. Establish the definitions of the levels of probability and impact
  2. Provide iterations of risk analysis for true reflection of a risk probability and impact
  3. Isolate the stakeholders by project phases to determine their risk bias
  4. Involve all stakeholders to vote on the probability and impact of the risk events

Answer(s): A



Your organization, as part of its enterprise environmental factors, has established risk governance to be implemented in each project. Part of this governance is the reassessment of risks within each project. How much detail and repetition in approach for risks to be reassessed for probability and impact?

  1. Each risk reassessment should go into the same depth as the original risk assessment activity.
  2. The probability and impact of risk event should determine the level of reassessment throughout the project lifecycle.
  3. The amount of detail of repetition that is appropriate depends on how the project progresses relative to its objectives.
  4. The level of detail and reassessment should reflect the priority of the project.

Answer(s): C






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Doroze commented on August 04, 2024
I passed this exam today. This exam is very tough. You need to know your topics and have the full set of these questions. Or else you won't be able to pass.
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