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PMI PMI-RMP Exam Syllabus Topics:

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

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PMI Risk Management Professional Sample Questions (Q233-Q238):

NEW QUESTION # 233
Stakeholder holiday schedules and availability of raw materials were two risks initially identified in a manufacturing project. The risk manager now notices that both risks are not quite as originally described and might require a plan change.
What should the risk manager do next?

A. Keep the risks in the risk register and continue to follow up until the change actually takes place.
B. Consult with the project manager to agree that these risks should be removed from the risk register
C. Identify workarounds that can be implemented whether or not the change takes place.
D. Revisit the project the assumptions and constraints to potentially update the risk impact and response.

Answer: D

Explanation:
When risks are not as originally described, it's essential to revisit the project's assumptions and constraints to reassess their impact and update the response plan accordingly. This step ensures that the risk management process remains accurate and relevant, allowing the project team to adapt to changing conditions effectively.
PMI guidelines emphasize the importance of regularly reviewing and updating risk assessments to reflect any changes in the project's environment or scope.

NEW QUESTION # 234
A software development project team was preparing for a phased release when an unknown and unexpected risk occurred with potential for delaying one of the features for the planned release. The project team decided to go ahead with the release and address this missing feature at a later date. One of the end users learned about this and strongly opposed the planned release.
What should the risk manager have done to prevent this situation?

A. Created a schedule buffer in the plan to deal with unknown risks if and when they occurred.
B. Engaged the stakeholders more in risk management activities and decisions to get their buy-in and support.
C. Performed proper risk identification at the project outset to ensure this risk was identified and mitigated.
D. Engaged the sponsor and informed them of the decision to remove the planned feature.

Answer: B

Explanation:
Stakeholder engagement is critical in risk management, especially when decisions may impact project deliverables. By involving stakeholders more in risk management activities and decision-making processes, the risk manager could have ensured that all parties were aware of potential changes and their implications.
This engagement helps in securing stakeholder buy-in and support, thus preventing situations where stakeholders might oppose decisions after the fact. PMI's risk management framework emphasizes the importance of continuous and active stakeholder engagement throughout the project lifecycle.

NEW QUESTION # 235
During project execution, a project manager invites the stakeholders to a risk review meeting. During this meeting, a vendor highlights that the mitigation plan for a schedule risk has generated an additional risk.
What should the risk manager do first?

A. Add the new risk to the watch list.
B. Update the new risk in the risk register.
C. Plan responses for the new risk.
D. Passively accept the new risk.

Answer: C

Explanation:
The risk manager should first update the risk register with the new risk identified by the vendor. This will help in keeping track of all the risks associated with the project and facilitate the subsequent planning and management of the risks.
The risk manager should update the new risk in the risk register, which is a project document that records the details of all identified risks, including their description, category, cause, probability, impact, and response strategy. Updating the risk register is the first step to acknowledge the existence of the new risk and to document its characteristics and potential effects on the project objectives. The risk register can then be used as an input for the Plan Risk Responses process, where the risk manager can develop appropriate actions to address the new risk. References: PMI, A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Sixth Edition, 2017, p. 397, 441.

NEW QUESTION # 236
The project manager schedules a third workshop to facilitate the qualitative risk analysis. One team member complains that they should not have iterative meetings, but rather, should complete this at the beginning of the project.
Which of the following should the project manager do?

A. Continue with the workshop, but discipline the team member for undermining the authority of the project manager.
B. Agree with the team member, as qualitative analysis should only be performed during the initial stages of a project.
C. Proceed with the meeting, but remove the team member from the invitees' list.
D. Explain that itis good practice to perform qualitative analysis throughout the life of the project.

Answer: D

NEW QUESTION # 237
Diana is the project manager of the QPS project for her company. In this project Diana and the project team have identified a pure risk. Diana and the project team decided, along with the key stakeholders, to remove the pure risk from the project by changing the project plan altogether. What is a pure risk?

A. It is a risk event that cannot be avoided because of the order of the work.
B. It is a risk event that is created by a risk response.
C. It is a risk event that only has a negative side, such as loss of life or limb.
D. It is a risk event that is generated due to errors or omission in the project work.

Answer: C

NEW QUESTION # 238
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