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PMI-RMP certification exam covers various aspects of risk management, including identifying, assessing, and mitigating risks in projects. It also covers risk response planning, risk monitoring and control, and risk communication. PMI-RMP exam is designed to test an individual's ability to apply risk management principles and techniques in real-world scenarios. The PMI-RMP Certification is ideal for professionals who work in project management, risk management, business analysis, or any other related field. It is also suitable for individuals who want to enhance their career prospects and increase their earning potential in the industry.

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Books and Courses to Launch PMI-RMP Prep

As for the reliable resources to start your PMI-RMP prep, here are 4 options you should check out in the first place:

Project Risk Management (Project Management) by Bruce BarkleyYou can get this helpful paperback book on Amazon for $46.82. It uses templates and action plans to simplify the concepts in one of the PMI’s most popular books: A Guide to the Project Management Body of Knowledge (PMBOK Guide).
PMI-RMP Exam Content Outline by Project Management InstituteThis is the official content outline for the final PMI-RMP test. It shows you all of the possible domains, from which the exam questions are derived. It also contains the percentage of questions for each topic and tasks you may be asked to carry out.
Practice Standard for Project Risk Management by Project Management InstituteThis book is another useful official resource for your test prep. It provides the standard practices and techniques needed for effective project risk management, most of which you will be tested on. Thus, with its help, you will familiarize yourself with such terms as iterative processes, current assessments, and templates.
Project Management Training at DeVry UniversityDeVry University is one of the PMI-authorized trainers. You can enroll in one of their project management courses to learn more about project risk management. One of the most prominent of DeVry University course options is Project Risk Management training, which is a great way to prepare for the upcoming PMI-RMP Exam.

PMI Risk Management Professional Sample Questions (Q166-Q171):

NEW QUESTION # 166
You are working with Anna on your project to determine and map the probability distributions of risk within the project. You have indicated that you will use the uniform distribution method for a portion of the project.
Which part of your project is most likely to have a uniform risk distribution?

A. Project phases that deal with "cutover" technologies
B. Project initiating
C. Late completion stages of a project
D. Early concept stage of design

Answer: D

NEW QUESTION # 167
You are the project manager for your organization. You are working with your key stakeholders in the qualitative risk analysis process. You understand that there is certain bias towards the risk events in the project that you need to address, manage, and ideally reduce. What solution does the PMBOK recommend to reduce the influence of bias during qualitative risk analysis?

A. Establish the definitions of the levels of probability and impact
B. Provide iterations of risk analysis for true reflection of a risk probability and impact
C. Involve all stakeholders to vote on the probability and impact of the risk events
D. Isolate the stakeholders by project phases to determine their risk bias

Answer: A

NEW QUESTION # 168
Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk event has a high cost impact on the project. Bill discusses the risk event with Virginia, the primary project customer, and she decides that the requirements surrounding the risk event should be removed from the project. The removal of the requirements does affect the project scope, but it can release the project from the high risk exposure. What risk response has been enacted in this project?

A. Mitigation
B. Avoidance
C. Transference
D. Acceptance

Answer: B

NEW QUESTION # 169
The risk management process can be defined as which of the following?

A. Baselined at the beginning of execution
B. Updated in the execution phase
C. Iterative through the planning phase
D. Iterative throughout the entire project

Answer: D

NEW QUESTION # 170
Work performance information in control risks means that______________

A. Outcomes of risk reassessments and risk audits are documented
B. Recommended preventive or corrective action is considered through change requests
C. A mechanism to communicate and support project decision making is provided
D. Templates to the risk management plan and the risk register are recommended

Answer: C

Explanation:
All of the answers are outputs in the control risks process, however, work performance information specifically provides a mechanism to communicate and support project decision making.
[Monitoring and Controlling]
PMI®, PMBOK® Guide, 2013, 353-354

NEW QUESTION # 171
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