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| Certification Vendor: | PMI |
|---|---|
| Exam Name: | PMI Risk Management Professional Certification Exam |
| Exam Number: | PMI-RMP |
| Exam Duration: | 150 minutes |
| Certificate Validity Period: | 3 years |
| Related Certifications: | Program Management Professional (PgMP) Project Management Professional (PMP) PMI Agile Certified Practitioner (PMI-ACP) |
| Exam Format: | Multiple-choice (single answer), Scenario-based, Multiple-select (multiple answers), Computer-based |
| Available Languages: | Chinese (Simplified), English, Arabic |
| Passing Score: | Not published; scaled scoring, approx. 75% accuracy recommended |
| Exam Price: | $520 USD (PMI members), $670 USD (non-members) |
| Real Exam Qty: | 115 (100 scored, 15 unscored pretest) |
| Recommended Training: | PMI-RMP Official Exam Prep Course PMI-RMP Exam Content Outline |
| Exam Registration: | Pearson VUE Scheduling PMI Official Registration |
| Sample Questions: | PMI PMI-RMP Sample Questions |
| Exam Way: | Computer-based test at Pearson VUE centers or online proctored |
| Pre Condition: | Option 1: Secondary diploma + 36 months risk experience (last 5 years) + 40 hours risk education; Option 2: Bachelor's degree + 24 months risk experience (last 5 years) + 30 hours risk education; Option 3: Bachelor's from GAC-accredited program + 18 months risk experience (last 5 years) |
| Official Syllabus URL: | https://www.pmi.org/certifications/risk-management-rmp |
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To be eligible for the PMI-RMP certification exam, individuals must have a minimum of three years of professional experience in project risk management, along with 30 hours of formal education in the field of risk management. PMI-RMP exam consists of 170 multiple-choice questions and must be completed within 3.5 hours. PMI-RMP Exam covers several domains, including risk strategy and planning, stakeholder engagement, risk monitoring and reporting, and risk response planning and implementation.
NEW QUESTION # 260
Don has hired Jerry, a contractor, to complete a portion of his project work. The contract used was a cost-plus contract. If Don were to perform a risk audit, who would carry the risk in this scenario?
Answer: A
NEW QUESTION # 261
A project is at the final development stage. The test lead informs the risk manager that a key feature may not be testable due to changes in the environment What should the risk manager do?
Answer: B
Explanation:
The risk manager should review the feature with the project team to determine the cause and impact of the untestability, and to identify possible solutions or alternatives. The risk manager should also update the risk register and the risk response plan accordingly. This is the best option among the given choices, as it involves the relevant stakeholders and follows the risk management process. Confirming the risk triggers are still valid is not sufficient, as it does not address the problem or its consequences. Asking the architect to develop acceptance criteria is not appropriate, as it may not be feasible or effective to test the feature with new criteria.
Escalating the issue to the project board is premature, as it may not be necessary or desirable to involve the senior management without first analyzing the situation and proposing a course of action. References: PMI.
(2017). A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition. Chapter
11: Project Risk Management, pp. 414-415. 5
When a key feature may not be testable due to changes in the environment, the risk manager should review the feature with the project team to understand the issue, assess its impact, and determine the appropriate risk response. This collaborative approach ensures that the team has a clear understanding of the situation and can work together to address the risk.
NEW QUESTION # 262
While implementing the risk response plan for a previously identified risk, some secondary risks were identified but not captured on the risk register. The project manager decided to review the risk management plan to ensure this does not happen for future, similar situations.
What should the project manager do next?
Answer: A
Explanation:
The project manager should monitor and control secondary and residual risks in the risk register. This will ensure that any new risks identified during the implementation of the risk response plan are captured and managed effectively. Monitoring and controlling risks is a continuous process that helps in identifying, analyzing, and planning for new risks as well as updating the risk register as needed.
According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline, one of the tasks under the domain of Risk Response Planning is to "identify and assess the effectiveness of alternative strategies to reduce threats or enhance opportunities, such as mitigation, transference, avoidance, and acceptance" 1. This implies that the project manager should also consider the potential secondary or residual risks that may arise from implementing the chosen risk response strategy. Secondary risks are new risks that are created as a direct result of implementing a risk response, while residual risks are those that remain after the risk response has been executed 2. Both types of risks should be identified and assessed for their impact and probability, and added to the risk register for further monitoring and control. Therefore, the correct answer is A.
References: 1: PMI Risk Management Professional (PMI-RMP) Examination Content Outline, page 91 2:
A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4362
NEW QUESTION # 263
Jane is the project manager of the GBB project for her company. In the current project a vendor has offered the project a ten percent discount based if they will order 100 units for the project. It is possible that the GBB Project may need the 100 units, but the cost of the units is not a top priority for the project. Jane documents the offer and tells the vendor that they will keep the offer in mind and continue with the project as planned. What risk response has been given in this project?
Answer: A
NEW QUESTION # 264
A project is at the final development stage. The test lead informs the risk manager that a key feature may not be testable due to changes in the environment What should the risk manager do?
Answer: B
Explanation:
The risk manager should review the feature with the project team to determine the cause and impact of the untestability, and to identify possible solutions or alternatives. The risk manager should also update the risk register and the risk response plan accordingly. This is the best option among the given choices, as it involves the relevant stakeholders and follows the risk management process. Confirming the risk triggers are still valid is not sufficient, as it does not address the problem or its consequences. Asking the architect to develop acceptance criteria is not appropriate, as it may not be feasible or effective to test the feature with new criteria.
Escalating the issue to the project board is premature, as it may not be necessary or desirable to involve the senior management without first analyzing the situation and proposing a course of action. References: PMI.
(2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition. Chapter
11: Project Risk Management, pp. 414-415. 5
When a key feature may not be testable due to changes in the environment, the risk manager should review the feature with the project team to understand the issue, assess its impact, and determine the appropriate risk response. This collaborative approach ensures that the team has a clear understanding of the situation and can work together to address the risk.
NEW QUESTION # 265
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