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PMI PMI-RMP Exam Syllabus Topics:

SectionObjectives
Topic 1: Risk Analysis- Quantitative Risk Analysis
- Qualitative Risk Analysis
Topic 2: Risk Strategy and Planning- Stakeholder Engagement in Risk
- Risk Management Planning
Topic 3: Risk Monitoring and Control- Risk Reporting and Communication
- Risk Audits and Reviews
Topic 4: Risk Response Planning- Opportunity Response Strategies
- Threat Response Strategies
Topic 5: Risk Identification- Overall Project Risk Identification
- Identifying Individual Risks

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PMI Risk Management Professional Sample Questions (Q148-Q153):

NEW QUESTION # 148
Three months into a program, multiple workstreams are showing issues. At this point, the program manager requires that a risk impact assessment be conducted.
What will help calculate the impact?

Answer: A

Explanation:
Explanation
Risk impact assessment involves calculating the impact of identified risks. Risk analysis is the process of examining, estimating, and evaluating the impact of risks, which helps in calculating the impact (Reference:
PMBOK Guide, 6th Edition, p. 417)
Risk analysis is the process of assessing the likelihood and impact of the identified risks on the program objectives. It helps to calculate the impact of the risks by using qualitative or quantitative methods. Risk analysis can provide useful information for risk prioritization, risk response planning, and risk reporting.
References: PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, 2019, p. 67; PMI, The Standard for Program Management, Fourth Edition, 2017, p. 113.


NEW QUESTION # 149
The risk manager examines the enterprise environmental factors to gain an understanding of the stakeholders' risk appetite. However, risk appetites are not determined. What is the best method a risk manager should use to initially define the stakeholders' risk appetite?

Answer: D


NEW QUESTION # 150
Some project risks are applicable for the project's lifecycle while others risks are only applicable to specific project activities. When should project risks be closed?

Answer: A

Explanation:
Explanation
Project risks should be closed when the stakeholders agree a risk is no longer applicable. This ensures that risks are actively managed and only relevant risks are considered throughout the project lifecycle.
According to the PMI Risk Management Professional (PMI-RMP) Reference Materials, project risks are uncertain events or conditions that may have a positive or negative effect on one or more project objectives1.
Project risks can be closed when they are no longer applicable to the project or its activities. The process of closing project risks involves verifying that the risk responses have been completed, documenting the outcomes, and evaluating the effectiveness of the risk management process2. The decision to close a project risk should be made by the stakeholders who are responsible for or affected by the risk, as they are the ones who can determine whether the risk is still relevant or not. Therefore, the correct answer is B. When the stakeholders agree a risk is no longer applicable.
References: 1: PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, 2017, p. 397 2: PMI, Practice Standard for Project Risk Management, 2009, p. 111


NEW QUESTION # 151
Joan is a project management consultant and she has been hired by a firm to help them identify risk events within the project. Joan would first like to examine the project documents including the plans, assumptions lists, project files, and contracts. What key thing will help Joan to discover risks within the review of the project documents?

Answer: D


NEW QUESTION # 152
Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project. The supplier is an artist who works by himself, but creates windows for several companies throughout the United States. Management reviews the proposal to use this supplier and while they agree that the supplier is talented, they do not think the artist can fulfill the 1,000 window units in time for the project's deadline. Management asked Harry to find a supplier who can fulfill the completion of the windows by the needed date in the schedule. What risk response has management asked Harry to implement?

Answer: D


NEW QUESTION # 153
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