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The PMI-RMP (PMI Risk Management Professional) Exam is a certification offered by the Project Management Institute (PMI) to professionals who want to demonstrate their expertise in risk management. The certification is designed for individuals who are responsible for identifying, assessing, and mitigating risks in various projects. The PMI-RMP Exam covers a wide range of topics related to risk management, including risk identification, risk analysis, risk response planning, and risk monitoring and control.
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NEW QUESTION # 79
Frank is the project manager of the NHQ project for his company. Frank is working with the project team, key stakeholders, and several subject matter experts on risks dealing with the new materials in the project. Frank wants to utilize a risk analysis method that will help the team to make decisions in the presence of the current uncertainty surrounding the new materials. Which risk analysis approach can Frank use to create an approach to make decisions in the presence of uncertainty?
Answer: D
NEW QUESTION # 80
What project management plan is most likely to direct the quantitative risk analysis process for a project in a matrix environment?
Answer: B
NEW QUESTION # 81
You are the project manager of the GHY project. In your organization you must follow certain enterprise environmental factors that establish the rules for risk management . One of the policies your project must adhere to requires periodic rapid analysis of risks within the project. These rapid, cost-effective session must be documented and performed monthly. What type of analysis are you required to perform according to your enterprise environmental factors?
Answer: D
NEW QUESTION # 82
Which types of project tends to have more well-understood risks?
Answer: B
NEW QUESTION # 83
A company is preparing a formal response to bid for an infrastructure engineering, procurement, and construction project. When should a risk register be developed to identify risks?
Answer: A
Explanation:
Explanation
A risk register should be developed before submitting a formal bid response to help the company understand the project's risk profile and account for potential risks in their proposal. This allows the company to make informed decisions about cost, schedule, and resources. (Reference: Project Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, Section 11.2)
NEW QUESTION # 84
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