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PMI-RMP – PMI Risk Management Professional

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Showing 7–9 of 20 questions

Question 7

Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.

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    Estimating the average outcome
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    Model development
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    Decision making or the development of recommendations for decision makers
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    Increased understanding or quantification of the system
Question 8

A risk manager is confident that they have identified and quantified the risks and opportunities for a project. When presenting their work to management, on what areas should the risk manager focus? (Choose two.)

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    Risks that are tied to the success of the organization
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    Risks as they apply to the organization's overall risk management philosophy and strategic ambition
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    Huge opportunities that possibly bring an additional 30% return for 10 projects in the next year
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    Risks related to cost that will impact the major projects that are currently in the execution phase
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    Risk mitigation actions that will require work from stakeholders
Question 9

The project manager asks the risk manager to determine the initial risk assessment for a six month initiative that is about to kick-off. Which two artifacts will help the risk manager conduct the related analysis? (Choose two.)

Select all that apply, then click Submit answer.

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    Work breakdown structure (W&S)
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    Project organizational chart
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    Configuration management plan
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    Brainstorming
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    Monte Carlo analysis