Exam PMI PMI-RMP PDF, Valid PMI-RMP Exam Answers

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PMI PMI-RMP Exam Syllabus Topics:

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

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PMI Risk Management Professional Sample Questions (Q113-Q118):

NEW QUESTION # 113
A risk manager of a complex project has identified a risk and believes a deeper understanding of the source and likelihood is necessary. How should the risk manager proceed?

Answer: A

Explanation:
An Ishikawa diagram (also known as a fishbone or cause-and-effect diagram) is a tool used to identify and analyze the root causes and sources of a risk. It helps the risk manager gain a deeper understanding of the risk source and likelihood. (Reference: PMBOK Guide, 6th Edition, p. 139) An Ishikawa diagram, also known as a fishbone diagram or a cause-and-effect diagram, is a tool that can help the risk manager to analyze the root causes of a risk and to identify the factors that influence its occurrence and impact. An Ishikawa diagram can also help to visualize the relationships among different causes and to prioritize the most significant ones. By developing and employing an Ishikawa diagram, the risk manager can gain a deeper understanding of the source and likelihood of the risk and plan appropriate responses accordingly. Reference: The Standard for Risk Management in Portfolios, Programs, and Projects, page 72; PMBOK Guide, 6th edition, page 398.


NEW QUESTION # 114
A workaround is______________

Answer: C

Explanation:
Used in control risks, a workaround is a response to a threat that has occurred for which a prior response had not been planned or was not effective. [Monitoring and Controlling] PMI®, PMBOK® Guide, 2013, 567


NEW QUESTION # 115
The risk register is developed during the initial phases of a virtualized desktop deployment. The register is reviewed by peers, responses are planned, reviewed again, and risks are prioritized. After project completion, the risk register is reviewed as part of the formal lessons learned process. During the review, itis realized that the risk register was not updated, and many responses were not executed during the deployment.
Which of the following options should have been performed during the execution of the project?

Answer: B


NEW QUESTION # 116
SIMULATION
Fill in the blank with an appropriate phrase.
________is the study of how the variation (uncertainty) in the output of a mathematical model can be apportioned, qualitatively or quantitatively, to different sources of variation in the input of a model.

Answer:

Explanation:
Sensitivity analysis


NEW QUESTION # 117
The project manager reviews project risks with the risk manager to update, monitor, and close risks in the risk register. The project manager determines one of the risks has a residual risk.
How should the risk manager document the impact of the residual risk?

Answer: D

Explanation:
In risk management, when a residual risk is identified, it is crucial to reassess its impact on the project's overall risk profile. Residual risks are those risks that remain even after all mitigation strategies have been applied. According to best practices and the procedures outlined in the documents provided, particularly in the
"Risk Management Procedure" and the "Risk Assessment" guidelines, the appropriate steps to manage residual risks involve:
1. Reassessing the Risk: The first step involves reviewing the impact of the residual risk in the context of existing budget reserves. This ensures that the project has adequate resources to address any potential consequences of the residual risk.
2. Documenting in the Risk Register: After reviewing the residual risk, it should be documented in the risk register with updated details on its impact and any required actions. This aligns with the standard procedure for managing risks throughout a project's lifecycle as described in the "Consolidated Risk Register" section of the Risk Management Procedure.
3. Budget Reserves: Specifically, the focus on budget reserves is crucial because it directly relates to the financial management of risks. According to PMI's Risk Management guidelines and the practices outlined in the provided documents, ensuring that sufficient contingency funds are available to address residual risks is a key aspect of comprehensive risk management. This approach helps in maintaining the financial health of the project while accounting for unforeseen events.
In summary, option D is the correct answer because it reflects the necessary actions that should be taken when dealing with residual risks: reassessing their impact on budget reserves and ensuring that the risk register is updated to reflect these considerations. This process is vital for maintaining control over the project's risk profile and ensuring that any remaining risks are managed effectively and within the project's financial constraints.


NEW QUESTION # 118
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