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| Certification Vendor: | PMI |
|---|---|
| Exam Name: | PMI Risk Management Professional |
| Exam Number: | PMI-RMP |
| Exam Duration: | 150 minutes |
| Related Certifications: | PMP (Project Management Professional) |
| Exam Price: | USD 520 (PMI Member) / USD 670 (Non-Member) |
| Passing Score: | Not explicitly defined (Recommended approx. 70-75%) |
| Exam Format: | Multiple-choice, Scenario-based |
| Available Languages: | English |
| Certificate Validity Period: | 3 years |
| Real Exam Qty: | 115 |
| Sample Questions: | PMI PMI-RMP Sample Questions |
| Exam Way: | Online Proctored (via Pearson VUE) / Onsite (Pearson VUE Test Center) |
| Pre Condition: | Secondary degree (high school diploma, associate's degree, or global equivalent) AND 36 months of project risk management experience within the last 5 years AND 40 hours of project risk management education OR Four-year degree (bachelor's degree or global equivalent) AND 24 months of project risk management experience within the last 5 years AND 30 hours of project risk management education OR Bachelor's degree or post-graduate degree from a GAC accredited program AND 12 months of project risk management experience within the last 5 years AND 30 hours of project risk management education. |
| Official Syllabus URL: | https://www.pmi.org/certifications/risk-management-rmp |
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To be eligible for the PMI-RMP certification exam, individuals must have a minimum of three years of professional experience in project risk management, along with 30 hours of formal education in the field of risk management. PMI-RMP exam consists of 170 multiple-choice questions and must be completed within 3.5 hours. PMI-RMP Exam covers several domains, including risk strategy and planning, stakeholder engagement, risk monitoring and reporting, and risk response planning and implementation.
NEW QUESTION # 115
A project team identifies that there is a probability of missing a key milestone in a project. The team wants to move forward with the risk response planning.
What should the risk manager complete first?
Answer: C
Explanation:
The full risk description is the first thing that the risk manager should complete before moving forward with the risk response planning. The full risk description is a detailed statement that describes the risk, its causes, its effects, and its context. It provides the basis for the risk analysis and the risk response planning. The risk categorization, the risk simulation, and the risk response plan are possible steps that the risk manager may take after completing the full risk description, but they are not the first thing to do. Reference: PMI Risk Management Professional (PMI-RMP)Exam Content Outline1, PMI Practice Standard for Project Risk Management2, Risk Management Professional (PMI-RMP)Cert Guide3
NEW QUESTION # 116
When monitoring the execution quality of risk-related plans and processes, which of the following would be a useful metric to track and record?
Answer: C
NEW QUESTION # 117
A project lihat was in the execution phase for the last six months was put on hold and was eventually cancelled after numerous scope related challenges. It was decided to re-plan the scope and divide the project into multiple projects to have better insight into end objectives. As part of the project start up. the project manager is developing the risk planning for the project.
What three artifacts should the project manager consult or review during this process? (Choose three.)
Answer: B,C,E
Explanation:
The project manager should consult or review project contracts, lessons learned registers from analogous projects, and the risk management plan to develop an effective risk planning for the project.
According to the PMBOK Guide, the risk management plan is one of the key inputs for the plan risk management process, which is the first process in the project risk management knowledge area. The risk management plan describes how risk management activities will be structured and performed throughout the project. It includes information such as the methodology, roles and responsibilities, budget, timing, risk categories, definitions of risk probability and impact, probability and impact matrix, revised stakeholders' risk tolerances, reporting formats, and tracking (page 409). Therefore, option D is the correct answer.
The project contracts are also an important input for the plan risk management process, as they may contain terms and conditions that can create or affect various project risks. For example, contracts may include clauses related to penalties, incentives, warranties, intellectual property rights, termination, force majeure, arbitration, indemnification, etc. The project manager should review the project contracts to identify any potential sources of risk and plan appropriate responses (page 410). Therefore, option A is the correct answer.
The lessons learned registers from analogous projects are another valuable input for the plan risk management process, as they provide historical information and knowledge that can help the project manager identify and analyze risks, as well as plan risk responses. The lessons learned registers may contain information such as the risks that occurred, the root causes of the risks, the risk triggers, the effectiveness of the risk responses, the residual and secondary risks, the risk owners, the risk ratings, the risk trends, etc. The project manager should consult the lessons learned registers from similar or comparable projects to learn from past experiences and avoid repeating mistakes (page 411). Therefore, option B is the correct answer.
The risk register is not an input for the plan risk management process, but an output. The risk register is a document that contains the list of identified risks, their causes, potential responses, and other relevant information. The risk register is created during the identify risks process, which is the second process in the project risk management knowledge area. The risk register is then updated and refined throughout the project as more information becomes available and new risks emerge (page 414). Therefore, option C is incorrect.
The code of regulations is not an input for the plan risk management process, but a type of enterprise environmental factor. Enterprise environmental factors are the conditions, not under the control of the project team, that influence, constrain, or direct the project. The code of regulations refers to the rules and standards that govern the project's industry, domain, or sector. The code of regulations may affect the project's scope, schedule, cost, quality, resources, communications, procurement, and risk management. The project manager should consider the code of regulations when planning risk management activities, but it is not an artifact that needs to be reviewed or consulted (page 38). Therefore, option E is incorrect.
References: PMBOK Guide, pages 38, 409-411, 4141
NEW QUESTION # 118
The risk manager is about to go on medical leave, but before departing, conducts a risk response planning review meeting with stakeholders. A new risk manager is assigned to the project, and during the first status meeting an issue is identified.
What is the appropriate course of action in this case?
Answer: A
NEW QUESTION # 119
The risk manager organizes a stakeholder meeting to obtain agreement on project risk response strategies. At the conclusion of this meeting, the risk response strategies should be which of the following?
Answer: D
NEW QUESTION # 120
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