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To be eligible for the PMI-RMP Certification Exam, candidates are required to have a minimum of three years of experience in risk management and 30 hours of risk management education. PMI Risk Management Professional certification is suitable for professionals who are involved in various industries, including but not limited to construction, finance, healthcare, and IT. PMI Risk Management Professional certification is also beneficial for project managers who want to enhance their risk management skills and improve their career prospects.

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The TorrentExam is a trusted and reliable platform that has been helping the PMI Risk Management Professional (PMI-RMP) certification exam candidates for many years. Over this long time period, the TorrentExam PMI-RMP exam practice questions have helped the PMI-RMP exam candidates in their preparation and enabled them to pass the challenging exam on the first attempt. You can also trust TorrentExam PMI-RMP Exam Practice questions and start preparation with complete peace of mind and satisfaction.

PMI-RMP certification is an essential certification for professionals who wish to demonstrate their knowledge and skills in risk management. It is a globally recognized certification that enhances the credibility of a professional in the industry. It is highly beneficial for professionals who wish to enhance their career prospects and gain access to valuable resources and tools.

To be eligible for the PMI-RMP certification exam, candidates must have a minimum of 3,000 hours of experience in project risk management and 30 hours of formal risk management education. Alternatively, candidates can have a bachelor's degree or higher and 2,000 hours of experience in project risk management and 30 hours of formal risk management education. Once eligible, candidates must pass a rigorous exam that tests their knowledge of risk management concepts, tools, and techniques. Successful candidates earn the PMI-RMP Certification, which is recognized globally as a mark of excellence in risk management.

PMI Risk Management Professional Sample Questions (Q61-Q66):

NEW QUESTION # 61
Lamont is the project manager of a project that has recently finished the final project deliverables. The project customer has signed off on the project deliverable and Lamont has a few administrative closure activities to complete. In the project, there were several large risks that could have wrecked the project but Lamont and his project team found some creative methods to resolve the risks without affecting the project costs or project end date. What should Lamont do with the risk responses he identified during the project's monitoring and controlling process?

A. Nothing. The risk responses are included in the project's risk register already.
B. Include the risk responses in the organization's lessons learned database.
C. Include the risk response in the project risk management plan.
D. Include the responses in the project management plan.

Answer: B

NEW QUESTION # 62
A risk manager is reviewing documentation for a project following a risk planning workshop with project stakeholders and team members. Several items have been identified on the risk log that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur.
Which response should the risk manager recommend for these risk items?

A. Mitigate
B. Accept
C. Enhance
D. Exploit

Answer: B

Explanation:
Explanation
According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline1, one of the tasks in the domain of Risk Response is to recommend risk response strategies based on the risk appetite and tolerance of the organization and stakeholders1. One of the strategies for negative risks or threats is risk acceptance, which involves acknowledging the existence of a threat and making a conscious decision to accept it without taking any action2. In this scenario, the risk manager should recommend risk acceptance for the risk items that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur. Risk acceptance is appropriate when the risk exposure is low, the cost of other responses is high, or the risk response is outside the scope or influence of the project3. The risk manager should not recommend risk mitigation, which involves reducing the probability and/or impact of a threat2. The risk manager should not recommend risk enhancement, which is a strategy for positive risks or opportunities, not negative risks or threats2. The risk manager should not recommend risk exploitation, which is also a strategy for positive risks or opportunities, not negative risks or threats2. References: 1: PMI Risk Management Professional (PMI-RMP Examination Content Outline, page 102: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4363: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 437.

NEW QUESTION # 63
Adrian is a project manager for a new project using a technology that has recently been released and there's relatively little information about the technology. Initial testing of the technology makes the use of it look promising, but there's still uncertainty as to the longevity and reliability of the technology. Adrian wants to consider the technology factors a risk for her project. Where should she document the risks associated with this technology so she can track the risk status and responses?

A. Risk low-level watch list
B. Project charter
C. Project scope statement
D. Risk register

Answer: D

NEW QUESTION # 64
A risk manager monitors risks on a medium-sized project by collecting inputs and data from individual project team members. What output is produced by the risk manager after analyzing the information they receive?

A. Updated project schedule
B. Updated risk register
C. Updated probability and impact matrix
D. Updated mitigation plans

Answer: B

NEW QUESTION # 65
You are the project manager of the KJH Project and are working with your project team to plan the risk responses. Consider that your project has a budget of $500,000 and is expected to last six months. Within the KJH Project you have identified a risk event that has a probability of .70 and has a cost impact of $350,000. When it comes to creating a risk response for this event what is the risk exposure of the event that must be considered for the cost of the risk response?

A. The risk exposure of the event is $500,000.
B. The risk exposure of the event is $350,000.
C. The risk exposure of the event is $245,000.
D. The risk exposure of the event is $850,000.

Answer: C

NEW QUESTION # 66
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