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To qualify for the PMI-RMP exam, individuals must have a minimum of 4,500 hours of experience in risk management and 40 hours of project risk management education. Additionally, individuals must hold a secondary degree, such as a high school diploma or equivalent. The exam itself consists of 170 multiple-choice questions and must be completed within a four-hour timeframe.

The PMI-RMP certification is the perfect boost you need to prove to your employers that you are well versed in all the techniques of project risk management. It places you at a higher competing ground among other risk management professionals. The individuals with this certificate can take up the job roles, such as a Risk Analyst, a Senior Risk Analyst, a Project Coordinator, a Risk Manager, a Project Manager, and a Program Manager, among others. The salary prospects for the Risk Analysts range from $80,730 to $106,991 per year, with an average remuneration of $93,469 per annum.

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The PMI-RMP exam is a rigorous and comprehensive test that assesses an individual's knowledge and understanding of risk management. The exam consists of 170 multiple-choice questions and has a duration of 3.5 hours. The questions are designed to test the candidate's understanding of risk management concepts and their practical application in real-world scenarios.

NEW QUESTION # 67
You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital should the project set aside for the risk contingency reserve?

Answer: D

NEW QUESTION # 68
Your organization has a project that is expected to last 20 months but the customer would really like the project completed in 18 months. You have worked on similar projects in the past and believe that you could fast track the project and reach the 18 month deadline. What increases when you fast track a project?

Answer: D

NEW QUESTION # 69
Pete works as a project manager for BlueWell Inc. The Management has told him that he must implement an agreed-upon contingency response if the cost performance index in his project is less than 0.90. Consider that Pete's project has a budget at completion of $275,000. His project is 65 percent complete and he has spent $175,000 to date. However, Pete is scheduled to be 78 percent complete. What is the cost performance index for this project to determine if the
contingency response should happen?

Answer: D

NEW QUESTION # 70
A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?

Answer: A

NEW QUESTION # 71
You are the project manager of a large, high-profile project in your organization. You have realized that politics within your company may affect the true identification of risk events within the project. You decide that you'd like to use a method to identify risk events through an anonymous process. Which one of the following risk events will allow you to collect and distribute risk information without the stakeholders knowing what other stakeholders are communicating about the project risk events?

Answer: A

NEW QUESTION # 72
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