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PMI PMI-RMP Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Risk Strategy and Planning	19-20%	- Develop risk management strategy - Define risk thresholds and metrics - Integrate risk management into project lifecycle - Establish risk management policies and procedures - Plan risk management activities
Topic 2: Risk Monitoring and Reporting	19-20%	- Monitor identified and emerging risks - Report risk management performance - Review risk audit results - Capture lessons learned regarding risks - Evaluate risk response execution - Track risk metrics and triggers - Update risk register and documentation
Topic 3: Stakeholder Engagement	19-20%	- Collaborate with cross-functional teams - Promote risk awareness and understanding - Involve stakeholders in risk management process - Communicate risk information effectively - Identify stakeholders and their risk tolerance - Manage stakeholder expectations regarding risks - Facilitate risk workshops and meetings - Negotiate risk ownership and accountability - Build consensus on risk response strategies
Topic 4: Risk Process Facilitation	25-28%	- Implement risk responses - Perform qualitative risk analysis - Identify risks using various techniques - Plan risk responses - Manage contingency reserves - Perform quantitative risk analysis - Evaluate risk response effectiveness
Topic 5: Perform Specialized Risk Analyses	14-16%	- Conduct specialized risk assessments (e.g., regulatory, compliance) - Perform advanced quantitative analysis (e.g., Monte Carlo, decision trees) - Analyze complex risk scenarios and dependencies

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PMI Risk Management Professional Sample Questions (Q107-Q112):

NEW QUESTION # 107
A project manager of an IT company is assigned to a project whose schedule may be delayed due to a lack of resources to conclude the backlog activities. The project manager decides to hire additional developers to reduce the project's technical debt and meet the project deadline.
What should the risk manager advise the project manager to do to address this situation?

A. Hire as soon as the project metrics trigger a risk response.
B. Only hire when it is economically feasible to do so.
C. Immediately hire as soon as the project begins to fall behind schedule.
D. Only hire if risk response is escalated and approved by the stakeholders.

Answer: A

Explanation:
The risk manager should advise the project manager to hire additional developers as soon as project metrics indicate that the risk of delay is materializing. This approach ensures that the response is timely and directly tied to the project's actual performance, allowing for better resource management and minimizing unnecessary costs. This aligns with PMI's risk management principles, which advocate for the timely execution of risk responses based on objective data and metrics.

NEW QUESTION # 108
After starting a new pipeline project, a risk manager schedules an initial meeting with the project sponsor. For the meeting, the project sponsor requests a presentation of the risks that have the most impact on achieving the project objectives.
What should the risk manager do to facilitate the sponsor's ask?

A. Monte Carlo analysis
B. Quantitative risk analysis
C. Sensitivity analysis
D. Qualitative risk analysis

Answer: C

Explanation:
Quantitative risk analysis helps to numerically analyze the probability and impact of risks on project objectives. By performing quantitative risk analysis, the risk manager can present the risks with the most impact on achieving the project objectives to the project sponsor. (Reference: PMBOK Guide, 6th Edition, p. 423) According to the PMI Risk Management Professional (PMI-RMP) Reference Materials, sensitivity analysis is a type of probabilistic analysis that determines how sensitive the results of the analysis are to uncertainties in input variables. Sensitivity analysis determines which uncertainty has the greatest potential for an impact on the project objectives, such as cost, schedule, scope, or quality1. In this case, the risk manager should use sensitivity analysis to facilitate the sponsor's ask, as it will help to identify and present the risks that have the most impact on achieving the project objectives. Sensitivity analysis can also show how the project objectives will vary with the changes in the input variables, such as the probability and impact of risks2. Sensitivity analysis can be performed using various tools and techniques, such as tornado diagrams, spider charts, or influence diagrams3.

NEW QUESTION # 109
During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customers electrical infrastructure. This event was not originally identified as a risk.
To maintain the project schedule, the project manager decides to purchase a new power adapter.
What type of response best describes this course of action?

A. Fallback plan
B. Contingency plan
C. Management plan
D. Workaround

Answer: D

NEW QUESTION # 110
What is a project issue within a project environment?

A. A risk which has a significant impact on the project
B. An uncertain event which may impact the project
C. A certain event which has a positive or negative impact in the project
D. A negative effect on a project objective arising from occurrence of a threat

Answer: D

NEW QUESTION # 111
Which of the following is NOT an objective of a risk audit?

A. Confirming that the project is well managed and that the risks are being controlled
B. Ensuring that each risk identified and deemed critical has a computed expected value
C. Confirming that risk management has been practiced throughout the project life cycle
D. Evaluating the effectiveness of risk responses in dealing with identified risks

Answer: B

Explanation:
It is not feasible or necessary to quantify every risk. Therefore, a risk audit should never have as an objective to ensure that each project risk has a computed expected value. [Monitoring and Controlling] PMI®, PMBOK® Guide, 2013, 351

NEW QUESTION # 112
......

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