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PMI-RMP (PMI Risk Management Professional) Exam is a globally recognized certification that validates a candidate's expertise in identifying, assessing, and mitigating project risks. PMI Risk Management Professional certification is offered by the Project Management Institute (PMI), a renowned organization that sets standards and guidelines for project management professionals. PMI-RMP Certification demonstrates a candidate's ability to manage risks effectively, which is a crucial aspect of project management.

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The Project Management Institute (PMI) Risk Management Professional (PMI-RMP) certification is a globally recognized and highly respected designation for professionals in the field of risk management. The PMI-RMP Certification is designed for individuals who want to demonstrate their expertise in identifying, assessing, and mitigating project risks. PMI Risk Management Professional certification is ideal for project managers, risk managers, and other professionals who are responsible for managing risk in their organizations.

PMI Risk Management Professional Sample Questions (Q235-Q240):

NEW QUESTION # 235
In reviewing the team's identified project risks, a project manager identified an opportunity to assign more resources to ensure the company receives the project's incentive payment for early completion.
In implementing this plan, which response should the risk manager use?

A. Enhance
B. Accept
C. Share
D. Exploit

Answer: D

NEW QUESTION # 236
A risk manager and project team are managing a software system project, which is expected to be completed within 12 months. The project is currently halfway through, and the team has just delivered the second version of the prototype. During the weekly status meeting, a team member reported that an important stakeholder is facing an issue, which will likely result in a change request that is outside the scope of the current prototype.
What should the risk manager advise the team to do first?

A. Arrange a meeting with the stakeholder to discuss the risk and information.
B. Add the risk to the risk register and gather information about its probability and impact.
C. Mitigate the risk by asking the team member to gather more information.
D. Add the risk to the issue log and revisit it when there is more information.

Answer: B

NEW QUESTION # 237
You are the project manager of the HJK Project for your organization. You and the project team have created risk responses for many of the risk events in the project. Where should you document the proposed responses and the current status of all identified risks?

A. Risk management plan
B. Stakeholder management strategy
C. Risk register
D. Lessons learned documentation

Answer: C

NEW QUESTION # 238
A certain risk is identified for a major project, and the risk response is planned. However, the analysis reveals a high probability for a secondary risk which will be tolerated based on the organization's risk thresholds. The secondary risk is subsequently registered. During project execution, the primary risk occurs, the planned action is taken, and the secondary risk emerges What two actions should the risk owner take? (Choose two.)

A. Implement the secondary risk response and update the project documents.
B. Set the corresponding trigger conditions to the secondary risk.
C. Update and communicate assessments of the secondary risk's impact.
D. Conduct meeting with all stakeholder to agree on post impact solutions.
E. Engage the project manager to authorize the secondary risk's response.

Answer: A,C

Explanation:
The risk owner should implement the secondary risk response, as it is now being tolerated, and update the project documents accordingly. They should also update and communicate the assessments of the secondary risk's impact to ensure everyone is aware of the situation.
According to the PMI-RMP Handbook1, the risk owner is responsible for implementing the risk response plan and monitoring the risk and its secondary risks. Therefore, the risk owner should take the following two actions when the secondary risk emerges:
* Implement the secondary risk response and update the project documents. This action is consistent with the risk response strategy of tolerance, which means accepting the risk and its consequences. The risk owner should execute the planned response for the secondary risk, such as contingency plans or fallback plans, and update the relevant project documents, such as the risk register, the risk report, and the lessons learned register, to reflect the current status and impact of the risk.
* Update and communicate assessments of the secondary risk's impact. This action is consistent with the risk monitoring and control process, which involves tracking the identified risks, evaluating their impact and probability, and reporting the risk information to the appropriate stakeholders. The risk owner should reassess the secondary risk's impact on the project objectives, such as scope, schedule, cost, and quality, and communicate the results to the project manager and other relevant stakeholders, such as the sponsor, the customer, and the team members.
References:
* PMI-RMP Handbook1
* PMBOK Guide, 6th edition, Chapter 11: Project Risk Management2

NEW QUESTION # 239
A risk manager documents the causes in the risk register and needs to ensure the risk is adequately described.
What is critical for the risk manager to consider when describing the causes?

A. The causes represent actual conditions
B. The causes must be validated by the risk owner
C. Each cause has well defined owner
D. Each cause has a degree of uncertainty

Answer: A

Explanation:
Explanation
When describing the causes of a risk, it is critical for the risk manager to ensure that the causes represent actual conditions, as this will help in the accurate identification and assessment of the.

NEW QUESTION # 240
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