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| Section | Weight | Objectives |
|---|
| Topic 1: Stakeholder Engagement | 19-20% | - Facilitate risk workshops and meetings - Communicate risk information effectively - Negotiate risk ownership and accountability - Collaborate with cross-functional teams - Involve stakeholders in risk management process - Manage stakeholder expectations regarding risks - Build consensus on risk response strategies - Promote risk awareness and understanding - Identify stakeholders and their risk tolerance
|
| Topic 2: Risk Process Facilitation | 25-28% | - Evaluate risk response effectiveness - Perform qualitative risk analysis - Plan risk responses - Manage contingency reserves - Identify risks using various techniques - Implement risk responses - Perform quantitative risk analysis
|
| Topic 3: Perform Specialized Risk Analyses | 14-16% | - Conduct specialized risk assessments (e.g., regulatory, compliance) - Analyze complex risk scenarios and dependencies - Perform advanced quantitative analysis (e.g., Monte Carlo, decision trees)
|
| Topic 4: Risk Monitoring and Reporting | 19-20% | - Update risk register and documentation - Track risk metrics and triggers - Review risk audit results - Report risk management performance - Capture lessons learned regarding risks - Monitor identified and emerging risks - Evaluate risk response execution
|
| Topic 5: Risk Strategy and Planning | 19-20% | - Integrate risk management into project lifecycle - Define risk thresholds and metrics - Plan risk management activities - Establish risk management policies and procedures - Develop risk management strategy
|
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PMI Risk Management Professional Sample Questions (Q189-Q194):
NEW QUESTION # 189
The senior risk manager hears that critical deliverables are delayed, because a key subject matter expert (SME) does not have enough time to allocate to the tasks. Which area should be reviewed, as an opportunity for the risk manager to coach the project manager responsible for the project?
- A. Scope reduction to reduce SME reliance
- B. Risk identification process and participation
- C. Detailed review of the project schedule before approval
- D. Risk management plan and planned risks responses
Answer: A
Explanation:
Explanation/Reference:
NEW QUESTION # 190
In addition to monitoring and controlling the project risks for their status and information the risk monitoring and controlling process accomplishes four key things for a project. Which one of the following is NOT a determination that is made by the risk monitoring and controlling process?
- A. Determines if the project constraints are still valid
- B. Determines if the risk management policies and procedures are being followed
- C. Determines if the project assumptions are still valid
- D. Determines if the risk contingency reserves should be modified to be in alignment with the current risk assessment
Answer: A
NEW QUESTION # 191
A financial institution is creating a new product database tor their clients. The project sponsor of this project is concerned about failure of the digital platform that hosts the database. The risk manager states that this risk will only occur if there is a major power outage; however, the financial institution has back-up power generators in place.
What type of risk is being referred to here?
- A. Residual risk
- B. Major risk
- C. Secondary risk
- D. Environment risk
Answer: A
Explanation:
Residual risks are those that remain after implementing risk response strategies. In this scenario, the primary risk is a major power outage that could lead to the failure of the digital platform hosting the new product database. The financial institution has mitigated this risk by installing backup power generators. However, the possibility of a power outage still exists, and the effectiveness of the backup generators cannot be guaranteed with absolute certainty. Therefore, the remaining risk, despite the mitigation measures, is classified as residual risk.
PMI Risk Management Study Guide References:
The PMI-RMP Exam Content Outline defines residual risk as the risk that remains after risk responses have been implemented, highlighting the necessity of monitoring these risks throughout the project lifecycle.
NEW QUESTION # 192
Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.
- A. Decision making or the development of recommendations for decision makers
- B. Increased understanding or quantification of the system
- C. Estimating the average outcome
- D. Model development
Answer: A,B,D
NEW QUESTION # 193
A mobile operator wants to test a new network prototype before conducting full implementation on the entire network. What type of risk response strategy did the mobile operator choose?
- A. Accept
- B. Mitigate
- C. Transfer
- D. Avoid
Answer: D
NEW QUESTION # 194
......
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