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41 Free PMP Practice Test for PMP Risk Management

04/11/2015 Brenda Wilson 0 Comment

41 Free PMP Practice Test for PMP Risk Management

As you know already, PMP stands for professional management project, which is designed for anyone who want to obtain a PMP certification to open further opportunities in their career and become a managerial projector. To take a Pmp exam that you must meet the eligibility from the PMI’s requirement, so it is better if you become PMI member. At this site, we introduce the system of free online PMP practice exam about all topics and domain included in your real test to help you improve your knowledge and prepare well all background for your examination. For sure that you have kept a lot of Pmp information, but you want more information that you can follow the link here to open your knowledge. In this article, there are 41 free Pmp practice test for your prepare, these quiz multiple choice questions below focus on Pmp risk management. Moreover, you can take immediately to discover the concepts included in your real test and check your knowledge to know what your weakness is to improve effectively. Especially, we provide 100% free questions that you just need to practice without paying any fee for this activity. Do you want to pass your test to obtain the Pmp certification? Of course, yes, so let’s enjoy us to prepare yourself for passing your examination. There is an English idiom that I though you know : ” practice makes perfect”, you will success if you try your best, I guess. Start right now! Have a good time!

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41 Free PMP Practice Test for PMP Risk Management

RM Qualitative Risk Analysis Tools
ROLES/RESPONSIBILITIES: Define Lead, Support and risk management team
Checklists can be developed using historical information and knowledge from similar projects to identify risk.
RM Risk Categorization
A way to obtain a comprehensive list of project risks
RM What Are Project Objectives impacted by Risk?
RM Identify Risks Tools and Techniques - Assumptions Analysis
RM Risk Management Planning - Outputs - Risk Categories
RM Risk Management Planning - Outputs - Budgeting
RM Identify Risks Tools and Techniques - Root Cause Analysis
RM Known Risks
RM Risks are always in the FUTURE.
1. Relative Ranking2. Risks grouped by Categories3. Causes of Risks to be watched 4. List of Near-Term risks5. List of risks requiring more analysis6. List of low-priority risks7. Risk Trends
Timing: Defines frequency of the Risk Management process (Evaluation)
RM An example of a risk is/are... work permit delay, limited design resources
Risks requiring near-term responses may be considered more urgent.
Risk Probability and Impact: The Qualitative Risk Analysis defines different levels of risk probability and impact.
RM Plan Risk Response
RM Influence
METHODOLOGY: approach tools
Identify Risks is the process of determining which risks may affect the project and document their characteristics. It is an iterative process throught the project life cycle. A consistent Risk Statement format ensures the ability to compare the relative effect of one risk event against others.
RM Unknown Risks
RM Ishikawa or Fishbone is also called...
RM Qualitative Risk Analysis
Assess likelihood that a specific risk will occur and potential effect on project objective. (Qualitative Risk Analysis Tools)
Risk Rating Look Up Table (Qualitative Risk Analysis Tools)
RM System or Process Flow Charts
Risk experts participate in an anonymous questionaire. Responses are summarized and reviewed several times around. The goal is to reach a consensus. It is thought to help reduce bias.
Risk Tolerance is the degree to which organizations and stakeholders accept risks. It is balanced with rewards gained.
RM Risk Management Planning - Outputs - Revised /stakeholder tolerance
RM Risk Management Planning - Outputs
Strength, weakness, opportunities and threats of the project are looked at to increase the breadth of identified risks by including interrnally generated risks.
1. Document Review2. Info Gathering (Brainstorm, Delphi, Interview and Root Cause3. Checklist4. Assumptions5. Diagramming Techniques6. SWOT7. Expert Judgement
RM Identify Risks Diagraming Tool
Prioritize by assessing probability. IMPORTANT: Define Levels of Probability and impact, it can reduce the influence of bias. Iterative throughout the project life cycle.
RM Risk Management Planning - Outputs - Probability and Impact Matrix
RM This diagram can help identify causes of risks.
Evaluate degree to which data about risks are useful for risk management: understood, accuracy, quality, reliability andd integrity (Qualitative Risk Analysis Tools)
RM Monitor and Control Risk
Numerically analyzing the effect of the risks on the project.
RM Risk impacts at least 1 project objective which include... scope, schedule, cost and quality.

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