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PMI-RMP (PMI Risk Management Professional) certification exam is a specialized certification offered by the Project Management Institute (PMI). PMI Risk Management Professional certification is designed for professionals who specialize in identifying, assessing, and managing risks within a project or organization. PMI-RMP Exam covers a range of topics related to risk management, including risk identification, risk analysis, risk response planning, and risk monitoring and control.

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PMI-RMP certification exam is a rigorous exam that covers a wide range of topics related to risk management. PMI-RMP Exam consists of 170 multiple-choice questions, which need to be answered in four hours. To pass the exam, candidates need to score at least 61% or higher. PMI Risk Management Professional certification is valid for three years, and candidates need to earn 30 professional development units (PDUs) in risk management every three years to maintain their certification.

PMI Risk Management Professional Sample Questions (Q48-Q53):

NEW QUESTION # 48
Donna is the project manager of the QSD Project and she believes Risk Event D in the following figure is likely to happen.

If this event does happen, how much will Donna have left in the risk contingency reserve if none of the other risk events have happened?

A. $14,000
B. $6,700
C. $41,700
D. $35,000

Answer: B

NEW QUESTION # 49
You are the project manager of your organization. Your organization will receive a bonus if the project finishes by December 20. Management has communicated this bonus to you and your project team and has asked you to evaluate the project to see if it is possible to realize the reward. The bonus offered to your organization is $750,000. You have examined the project and believe that you can crash the project for an additional $275,000 and reach the December 20 date. Management is thrilled with your assessment and they approve the crash fee. What risk response is this?

A. Crashing can be considered transference because of the $275,000 is actually paid from the bonus, which is paid by the project customer.
B. Crashing can be a type of the exploit risk response.
C. Crashing is the addition of labor, not a risk response.
D. Crashing can be a type of the enhancing risk response.

Answer: D

NEW QUESTION # 50
Don is the project manager of the PFO project for his organization. Don is working with the project team members and two subject matter experts to assess the identified risk events in the project. Which of the following approaches is the best to assess the risk events in the project?

A. Root cause analysis
B. Interviews or meetings
C. Probability and Impact Matrix
D. Determination of the true cost of the risk event

Answer: B

NEW QUESTION # 51
John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?

A. Activity duration estimates
B. Schedule management plan
C. Risk management plan
D. Activity cost estimates

Answer: A

Explanation:
Explanation

NEW QUESTION # 52
You are the project manager of the GGH Project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the quantitative risk analysis process. What things will you need as inputs for the quantitative risk analysis of the project in this scenario?

A. You will need the risk register, risk management plan, outputs of qualitative risk analysis, and any relevant organizational process assets.
B. You will need the risk register, risk management plan, cost management plan, schedule management plan, and any relevant organizational process assets.
C. Quantitative risk analysis does not happen through the project manager in a functional structure.
D. You will need the risk register, risk management plan, permission from the functional manager, and any relevant organizational process assets.

Answer: B

NEW QUESTION # 53
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