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| Certification Vendor: | PMI |
|---|---|
| Exam Name: | PMI Risk Management Professional Certification Exam |
| Exam Number: | PMI-RMP |
| Real Exam Qty: | 115 (100 scored, 15 unscored pretest) |
| Certificate Validity Period: | 3 years |
| Exam Duration: | 150 minutes |
| Exam Format: | Multiple-select (multiple answers), Computer-based, Scenario-based, Multiple-choice (single answer) |
| Related Certifications: | Program Management Professional (PgMP) Project Management Professional (PMP) PMI Agile Certified Practitioner (PMI-ACP) |
| 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) |
| Recommended Training: | PMI-RMP Exam Content Outline PMI-RMP Official Exam Prep Course |
| 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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PMI-RMP certification exam is a computer-based test that consists of 170 multiple-choice questions. Candidates have four hours to complete the exam, and the passing score is 61%. PMI-RMP Exam covers five domains of risk management: Risk Strategy and Planning, Stakeholder Engagement, Risk Process Facilitation, Risk Monitoring and Reporting, and Perform Specialized Risk Analysis.
NEW QUESTION # 233
During a risk reassessment workshop with the project team and some external stakeholders, two key external stakeholders are overemphasizing the impact of a few project risks. This has led to a conflict.
How should the risk manager handle this situation?
Answer: D
Explanation:
Explanation
According to the PMBOK Guide, one of the tools and techniques for the plan risk management process is ground rules. Ground rules are the rules of conduct or behavior that are established by the project team and other stakeholders to ensure a productive and respectful environment for risk management activities. Ground rules can cover various aspects of risk management, such as roles and responsibilities, communication protocols, decision-making processes, meeting agendas, and conflict resolution methods1. By referring to the team's ground rules on how to resolve conflicts, the risk manager can handle the situation where two key external stakeholders are overemphasizing the impact of a few project risks. This can help the risk manager to maintain a constructive and collaborative atmosphere in the risk reassessment workshop, as well as to ensure that the risk analysis and prioritization are based on objective and consistent criteria.
Some of the other options are not relevant or appropriate for the question scenario:
Requesting for a skilled facilitator to help resolve conflicts that have arisen is not a feasible or effective option, as it would interrupt the flow of the risk reassessment workshop and delay the risk management process. The risk manager should be able to facilitate the workshop and handle conflicts by themselves, using the tools and techniques that they have planned and agreed upon with the project team and stakeholders.
Running a sensitivity analysis to check which risks have the most impact is a technique for the perform quantitative risk analysis process, which is not applicable in the context of a risk reassessment workshop. A sensitivity analysis is a quantitative method that examines the effect of varying one risk parameter at a time on the project objectives, such as cost or schedule. It is not a tool for resolving conflicts or validating the impact of risks, as it does not consider the interrelationships and dependencies among risks or the probability of risk occurrence1.
Using the assumption analysis technique to validate the assumptions is a technique for the identify risks process, which is not suitable for the situation where conflicts have already arisen in the risk reassessment workshop. An assumption analysis is a technique that explores the validity of the assumptions that are made during the project planning and risk management processes. It is not a tool for resolving conflicts or verifying the impact of risks, as it does not address the root causes or the consequences of the disagreements among the stakeholders1.
References: PMBOK Guide, 6th edition, pages 407-408, 431-432, 437-438, 441-4421; PMI-RMP Exam Content Outline, 2015, pages 7-8.
NEW QUESTION # 234
You are the project manager of the BlueStar project in your company. Your company is structured as a functional organization and you report to the functional manager that you are ready to move onto the qualitative risk analysis process. What will you need as inputs for the qualitative risk analysis of the project in this scenario?
Answer: D
NEW QUESTION # 235
The risk manager notices that in their workshops, most of the risks identified are threats. What should the risk manager do to increase the number of opportunities identified?
Answer: B
Explanation:
Explanation
The risk management plan is a document that describes how risk management activities will be structured and performed on a project. It defines the roles and responsibilities, risk categories, risk appetite and thresholds, risk identification and analysis methods, risk response strategies, risk monitoring and reporting mechanisms, and risk governance mechanisms1. The risk management plan should be aligned with the project management plan, which defines the project scope, schedule, cost, quality, and other aspects2. When an organization decides to accelerate a key project, it means that the project objectives, assumptions, constraints, and environment have changed. This will affect the risk exposure and profile of the project, as well as the risk management approach and resources. Therefore, the first action for the project risk manager to take is to revise the risk management plan to reflect the new situation and ensure that the risk management process is still effective and efficient. Revising the risk management plan may involve updating the risk categories, risk appetite and thresholds, risk identification and analysis methods, risk response strategies, risk monitoring and reporting mechanisms, and risk governance mechanisms to suit the accelerated project. The project risk manager should also communicate the revised risk management plan to the relevant stakeholders and obtain their approval and support1. Ensuring sufficient resources are available, updating the risk register, and meeting with the project's stakeholders are all important actions to take when accelerating a project, but they are not the first action. These actions should be done after revising the risk management plan, as they depend on the updated risk management approach and process. For example, the project risk manager may need to allocate more resources to risk management activities, identify and analyze new or changed risks, implement new or modified risk responses, and report the risk status and performance to the stakeholders based on the revised risk management plan1. References: 2, 1.
NEW QUESTION # 236
Elizabeth is a project manager for her organization and she finds risk management to be very difficult for her to manage. She asks you, a lead project manager, at what stage in the project will risk management become easier. What answer best resolves the difficulty of risk management practices and the effort required?
Answer: A
NEW QUESTION # 237
A risk manager has been assigned to prepare a risk management plan for a new project. Which factor should the risk manager prioritize when tailoring the risk management processes for the new project?
Answer: D
Explanation:
Tailoring risk management processes is mainly based on the size and duration (complexity) of the project.
The PMBOK Guide confirms:
"The size, complexity, and duration of the project are primary considerations when tailoring risk management activities. Larger or longer projects require more rigorous processes."
- PMBOK Guide, 6th Edition, Section 11.1
References:
PMBOK Guide, 6th Edition, Section 11.1
NEW QUESTION # 238
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