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| Certification Vendor: | PMI (Project Management Institute) |
|---|---|
| Exam Name: | PMI Risk Management Professional (PMI-RMP) Examination |
| Exam Number: | PMI-RMP |
| Available Languages: | English |
| Exam Format: | Drag and Drop, Matching, Multiple Choice, Hotspot, Multiple Response |
| Exam Price: | USD 520 (non-member), USD 420 (PMI member) - subject to regional variation |
| Related Certifications: | PMI Project Management Professional (PMP) PMI Program Management Professional (PgMP) |
| Exam Duration: | 150 minutes |
| Passing Score: | Not disclosed (determined by psychometric analysis) |
| Certificate Validity Period: | 3 years |
| Real Exam Qty: | 115 |
| Recommended Training: | PMI Authorized Training Partners (ATP) PMI-RMP Exam Prep Resources |
| Exam Registration: | Pearson VUE Scheduling PMI Certification Portal |
| Sample Questions: | PMI PMI-RMP Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE (online proctored or test center) |
| Pre Condition: | Secondary degree (high school diploma, associate degree or global equivalent) + 36 months of project risk management experience within last 5 years OR four-year degree + 24 months of project risk management experience within last 5 years |
| Official Syllabus URL: | https://www.pmi.org/certifications/risk-management-rmp |
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PMI-RMP certification exam covers a wide range of topics related to risk management, including risk identification, risk analysis, risk response planning, risk monitoring and control, and stakeholder engagement. PMI-RMP Exam also covers topics related to project management, such as project scope, schedule, cost, quality, and communication management.
NEW QUESTION # 16
There are five outputs of the risk monitoring and controlling process. Which one of the following is NOT an output of the process?
Answer: B
NEW QUESTION # 17
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.
Answer: A,B,D
Explanation:
Explanation/Reference:
NEW QUESTION # 18
Which of the following techniques examines the degree to which organizational strengths offset threats and opportunities that may serve to overcome weaknesses?
Answer: A
NEW QUESTION # 19
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: C
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) A risk register is a document that is used as a risk management tool to identify potential setbacks within a project. A risk register is typically created at the start of a project (before it begins), and is regularly referenced and updated throughout the life of a project through deliberate risk monitoring and control1. A risk register is an important component of any successful risk management process and helps mitigate potential project delays that could arise. A risk register is shared with project stakeholders to ensure information is stored in one accessible place2. A risk register also helps to establish a hierarchy of risks, starting with the most impactful.
The goal should be to have a path to mitigating those risks, reducing the harm they cause, or eliminating them. The register should also outline what's considered an acceptable level of risk and how to set up insurance to help offset the impacts3. Therefore, a risk register should be developed before a formal bid response is provided to the client to gain a greater understanding of the project's risk profile. This will help to estimate the project costs, schedule, and scope more accurately and realistically, as well as to identify the contingency plans and reserves needed to deal with the potential risks. Developing a risk register during the project execution phase, when a client project kick-off meeting is held, or after a project budget is set up with a purchase order are all too late to effectively identify and manage the risks that could affect the project success. References: 2, 3, 1, 4
NEW QUESTION # 20
You are the project manager of a large project that will last four years. In this project, you would like to model the risk based on its distribution, impact, and other factors. There are three modeling techniques that a project manager can use to include both event-oriented and project-oriented analysis. Which modeling technique does NOT provide event-oriented and project-oriented analysis for identified risks?
Answer: D
NEW QUESTION # 21
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