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| Certification Vendor: | PMI |
|---|---|
| Exam Name: | PMI Risk Management Professional Certification Exam |
| Exam Number: | PMI-RMP |
| Exam Format: | Scenario-based, Multiple-select (multiple answers), Multiple-choice (single answer), Computer-based |
| Related Certifications: | Project Management Professional (PMP) PMI Agile Certified Practitioner (PMI-ACP) Program Management Professional (PgMP) |
| Exam Price: | $520 USD (PMI members), $670 USD (non-members) |
| Exam Duration: | 150 minutes |
| Certificate Validity Period: | 3 years |
| Available Languages: | English, Chinese (Simplified), Arabic |
| Passing Score: | Not published; scaled scoring, approx. 75% accuracy recommended |
| Real Exam Qty: | 115 (100 scored, 15 unscored pretest) |
| Recommended Training: | PMI-RMP Exam Content Outline PMI-RMP Official Exam Prep Course |
| Exam Registration: | PMI Official Registration Pearson VUE Scheduling |
| Sample Questions: | PMI PMI-RMP Sample Questions |
| Exam Way: | Computer-based test at Pearson VUE centers or online proctored |
| Pre Condition: | Option 1: Secondary diploma + 36 months risk experience (last 5 years) + 40 hours risk education; Option 2: Bachelor's degree + 24 months risk experience (last 5 years) + 30 hours risk education; Option 3: Bachelor's from GAC-accredited program + 18 months risk experience (last 5 years) |
| Official Syllabus URL: | https://www.pmi.org/certifications/risk-management-rmp |
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PMI-RMP (PMI Risk Management Professional) certification exam is designed to test the candidate's knowledge and skills in risk management. PMI Risk Management Professional certification is offered by the Project Management Institute (PMI), which is a globally recognized organization for project management professionals. The PMI-RMP certification is one of the most sought-after certifications for professionals who are involved in risk management.
The PMI-RMP exam is for individuals with a professional background in project risk management. The bigger and the more complex your past projects were, the more suited you are for the PMI-RMP certificate. To be eligible for such a certification, you need to meet specific prerequisites as listed below:
1. If you have a secondary degree such as a high school diploma, you also need to have:
NEW QUESTION # 188
A project manager is working on a high priority and high profile project. The project team had identified three opportunities, and after analysis, risk responses were recorded. Although risk responses were adequate for the identified opportunities, two of those opportunities were not acted upon. During the risk audit, the project manager found out that several of the planned risk responses were not implemented.
What should the project manager have done to avoid this?
Answer: A
Explanation:
The project manager should have updated the project schedule by adding risk owner implementation tasks. This would have ensured that the planned risk responses were implemented in a timely manner and tracked as part of the project schedule. This would also have allowed the project manager to monitor the progress of risk response implementation and take corrective action if necessary.
According to the PMI-RMP Exam Content Outline and Specifications1, one of the tasks under Domain 4: Risk Monitoring and Reporting is to "update project schedule, budget, and risk register with risk response outcomes". This implies that the project manager should have added the risk owner implementation tasks to the project schedule, so that they can be tracked and monitored. By doing so, the project manager could have ensured that the planned risk responses were executed as intended, and that the opportunities were not missed. Reference: PMI-RMP Exam Content Outline and Specifications, page 10.
NEW QUESTION # 189
In addition to monitoring and controlling the project risks for their status and information the risk monitoring and controlling process accomplishes four key things for a project. Which one of the following is NOT a determination that is made by the risk monitoring and controlling process?
Answer: D
NEW QUESTION # 190
A risk manager is assigned to a new system deployment project with a strict contractually agreed-on schedule.
One of the key risks identified is the availability of experts because many are shared on other strategic projects in the organization.
What should the risk manager do to address this situation?
Answer: D
Explanation:
Explanation
According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline1, one of the tasks in the domain of Risk Response is to call for a project team meeting to review risk strategies and make required adjustments, as needed, based on risk monitoring and reporting1. In this scenario, the risk manager should do this to address the situation of the availability of experts, which is a key risk for the project. The project team meeting will help the risk manager and the project team to evaluate the effectiveness of the current risk response plan, identify any new risks or changes in existing risks, and develop alternative risk strategies and actions to deal with the staffing issue. The project team meeting will also facilitate the communication and collaboration among the project team members and other stakeholders, and ensure that the project objectives and expectations are aligned. The risk manager should not implement a disciplined tracking method and report to stakeholders accordingly, because that is not a proactive risk response strategy, but rather a passive risk monitoring and reporting technique2. The risk manager should not escalate the staffing topic to the sponsor and request more budget for contingencies, because that is not a feasible or appropriate risk response strategy, as it does not address the root cause of the risk or provide a solution to the problem3. The risk manager should not revisit the project charter for scope adjustments and sign them off with the customer, because that is not a risk response strategy, but rather a scope management process that may have negative impacts on the project quality, cost, and schedule, and may violate the contractual agreement with the customer4. References: 1: PMI Risk Management Professional (PMI-RMP) Examination Content Outline, page 102: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page
4563: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page
4364: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 133.
NEW QUESTION # 191
A risk manager monitors risks on a medium-sized project by collecting inputs and data from individual project team members. What output is produced by the risk manager after analyzing the information they receive?
Answer: C
Explanation:
After analyzing the information collected from individual project team members, the risk manager's primary output is an updated risk register. The risk register is a key document in risk management, containing all identified risks, their analysis, and the planned responses. As new information is gathered and analyzed, the risk register is updated to reflect the current status of each risk, any changes in their probability or impact, and any adjustments to the risk response plans.
PMI emphasizes that the risk register should be continually updated throughout the project to ensure that all risks are properly managed and documented.
NEW QUESTION # 192
A company has implemented a policy requirement for employees to use complex passwords and update them regularly. A few employees are unable to make the changes, which increases the likelihood of cybercriminals compromising their passwords.
What should the risk manager do?
Answer: A
Explanation:
Residual risk refers to the remaining risk after implementing risk responses or controls. In this scenario, despite the policy requiring complex passwords and regular updates, some employees' inability to comply increases the likelihood of password compromise. This non-compliance elevates the residual risk beyond acceptable levels. The risk manager should reassess the residual risk to determine its current status and evaluate whether additional controls or actions are necessary to mitigate the heightened threat. This reassessment ensures that the organization's risk management strategies remain effective and aligned with its security objectives.
PMI Risk Management Study Guide References:
The PMI-RMP Exam Preparation Study Guide defines residual risk as "the risk that remains after risk responses have been implemented," highlighting the need for continuous monitoring and reassessment to address any changes in risk exposure.
NEW QUESTION # 193
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