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The PMI-RMP exam is intended for individuals with a minimum of 3 years of hands-on experience in risk management, and also require 30 hours of formal risk management education. This certification is ideal for risk management professionals, project managers, business analysts, and anyone who is involved in identifying, analyzing, and mitigating risks in their organization.
The PMI-RMP Certification Exam is a valuable credential offered by the Project Management Institute (PMI) for professionals who want to specialize in risk management. This certification is designed to validate the skills and knowledge required to identify, analyze, and respond to project risks. It is a globally recognized certification that demonstrates an individual's ability to manage risks effectively and efficiently.
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NEW QUESTION # 20
There are five inputs to the quantitative risk analysis process. Which one of the following is NOT an input to the perform quantitative risk analysis process?
Answer: C
NEW QUESTION # 21
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?
Answer: B
Explanation:
Explanation
The current project risk exposure can be calculated as follows: Risk A: 0.6 (probability) x US$50,000 (impact)
= US$30,000 Risk B (after response): 0.3 (probability) x US$60,000 (impact) = US$18,000 Total risk exposure: US$30,000 (Risk A) + US$18,000 (Risk B) = US$72,000
NEW QUESTION # 22
You are the project manager of the NJJ project. Your enterprise environmental factors require that you establish certain risk management rules regarding low risks within your project. What is the best policy for risks with low probability and low impact in the project management?
Answer: A
Explanation:
Explanation
NEW QUESTION # 23
You are the project manager of the GGK project for your company. The GGK project has a budget of $1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent $575,000 to reach this point in the project. Management would like to know what your cost performance index and the schedule performance index is for this project. What are these values?
Answer: B
NEW QUESTION # 24
John works as a project manager for ABD project. He and his team, are working on the following activities:
* Relative ranking or priority list of project risks
* Watchlists of low priority risk
* Trends in Qualitative Risk Analysis results
On which of the following processes is John working on?
Answer: C
NEW QUESTION # 25
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