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PMI PMI-RMP Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Perform Specialized Risk Analyses14-16%- Perform advanced quantitative analysis (e.g., Monte Carlo, decision trees)
- Analyze complex risk scenarios and dependencies
- Conduct specialized risk assessments (e.g., regulatory, compliance)
Topic 2: Risk Strategy and Planning19-20%- Plan risk management activities
- Establish risk management policies and procedures
- Define risk thresholds and metrics
- Integrate risk management into project lifecycle
- Develop risk management strategy
Topic 3: Stakeholder Engagement19-20%- Promote risk awareness and understanding
- Communicate risk information effectively
- Build consensus on risk response strategies
- Negotiate risk ownership and accountability
- Facilitate risk workshops and meetings
- Involve stakeholders in risk management process
- Identify stakeholders and their risk tolerance
- Manage stakeholder expectations regarding risks
- Collaborate with cross-functional teams
Topic 4: Risk Process Facilitation25-28%- Perform qualitative risk analysis
- Perform quantitative risk analysis
- Evaluate risk response effectiveness
- Plan risk responses
- Manage contingency reserves
- Implement risk responses
- Identify risks using various techniques
Topic 5: Risk Monitoring and Reporting19-20%- Capture lessons learned regarding risks
- Update risk register and documentation
- Review risk audit results
- Evaluate risk response execution
- Monitor identified and emerging risks
- Track risk metrics and triggers
- Report risk management performance

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PMI Risk Management Professional Sample Questions (Q259-Q264):

NEW QUESTION # 259
Frank is the project manager of the NHH Project. He is working with the project team to create a plan to document the procedures to manage risks throughout the project. This document will define how risks will be identified and quantified. It will also define how contingency plans will be implemented by the project team. What document is Frank and the NHH Project team creating in this scenario?

Answer: B


NEW QUESTION # 260
A well established project begins to experience cost overruns and falls behind schedule. The project risk register identifies many risks and risk response plans in place, yet many risks are transitioning into issues. As the risks occur and become issues, many of the response plans are in progress, but not complete. The data from this graph represents the status of the project risks.

Based on this information, what improvement to the risk management process is required?

Answer: A

Explanation:
Explanation/Reference:


NEW QUESTION # 261
A new risk manager is assigned to a project already in execution. The manager discovers that the project team did not follow the existing risk management plan, and critical risks were not systematically identified or documented. The project has experienced delays and cost overruns from unaddressed risks, while stakeholders question whether the project can still meet its objectives. The team is under pressure to focus on immediate deliverables and has little time for strategic risk planning.
What should the risk manager do next to establish control over the risks?

Answer: C

Explanation:
The question states that a risk management plan already exists but was not followed. The most urgent gap is that critical risks were not systematically identified. The risk manager should therefore begin collecting and identifying risks through targeted, efficient methods suited to the project ' s current pressure.
The initial identification should draw on current issues, assumptions, change requests, schedule and cost variances, stakeholder concerns, contracts, dependencies, lessons learned, and expert input. The identified risks should then be documented in the risk register, analyzed, assigned, and provided with responses.
Developing another plan would duplicate an existing artifact unless the review shows that it is unusable. A probability-impact matrix is a prioritization tool and cannot be applied meaningfully before risks are identified. Developing the register is closely related, but the register is the output that records the risks; the first action is to collect and identify them.
Therefore, the risk manager should begin rapid, structured risk identification and immediately document the results.
Why the other options are not the best answers:
A). The stem indicates that a plan already exists.
C). Assessment criteria cannot replace the missing risk inventory.
D). The register should be populated as risks are identified; identification is the immediate first step.
References:
PMI, PMBOK Guide-Sixth Edition, Section 11.2, Identify Risks.
PMI, Practice Standard for Project Risk Management, guidance on iterative identification.
PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, guidance on timely risk information.


NEW QUESTION # 262
Which of the following is an input to identify risk?

Answer: A


NEW QUESTION # 263

A regional vendor for custom manufactured steel oil derricks is awarded a contract to design, manufacture, and install 40 offshore oil platforms. Installation of these derricks requires precision placement and stable seas for the transport and installation ships to properly install the deep water structure. It takes 65 days to transport the deep water structures for each platform from the manufacturing facility to the installation site at a cost of US$155,000 per day. The monsoon season runs from May to September each year and is a known risk for placement of the oil platforms. There is an incentive clause in the contract that will provide a USS1,500,000 payment, if all 40 platforms are in place and ready for use by 5 January 2016.
What is the probability of receiving this incentive?

Answer: A


NEW QUESTION # 264
......

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