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| Certification Vendor: | PMI |
|---|---|
| Exam Name: | PMI Risk Management Professional |
| Exam Number: | PMI-RMP |
| Certificate Validity Period: | 3 years |
| Passing Score: | Not explicitly defined (Recommended approx. 70-75%) |
| Exam Price: | USD 520 (PMI Member) / USD 670 (Non-Member) |
| Available Languages: | English |
| Real Exam Qty: | 115 |
| Exam Format: | Scenario-based, Multiple-choice |
| Exam Duration: | 150 minutes |
| Related Certifications: | PMP (Project Management Professional) |
| Sample Questions: | PMI PMI-RMP Sample Questions |
| Exam Way: | Online Proctored (via Pearson VUE) / Onsite (Pearson VUE Test Center) |
| Pre Condition: | Secondary degree (high school diploma, associate's degree, or global equivalent) AND 36 months of project risk management experience within the last 5 years AND 40 hours of project risk management education OR Four-year degree (bachelor's degree or global equivalent) AND 24 months of project risk management experience within the last 5 years AND 30 hours of project risk management education OR Bachelor's degree or post-graduate degree from a GAC accredited program AND 12 months of project risk management experience within the last 5 years AND 30 hours of project risk management education. |
| Official Syllabus URL: | https://www.pmi.org/certifications/risk-management-rmp |
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PMI-RMP exam consists of 170 multiple-choice questions that test the candidate's knowledge in five domains of risk management. These domains include risk strategy and planning, stakeholder engagement, risk process facilitation, risk monitoring and reporting, and performing specialized risk analysis. PMI-RMP exam is four hours long and requires a passing score of 61% or more. The PMI-RMP Certification is an excellent career advancement opportunity for risk management professionals seeking to improve their skills and build their credentials. It is also a valuable asset for organizations looking to mitigate project risks and improve project outcomes.
NEW QUESTION # 291
The risk manager of a major project needs to ensure the organizational process assets (OPAsj are updated as a result of risk management activities. How will the risk manager accomplish this?
Answer: B
Explanation:
The risk manager can ensure the organizational process assets (OPAs) are updated as a result of risk management activities by arranging periodic risk management process audits. These audits help evaluate the effectiveness of risk management processes and identify areas of improvement, leading to updates in the OPAs.
According to the PMBOK Guide, one of the tools and techniques for the monitor risks process is audits. Audits are examinations of the risk management processes to ensure that they are aligned with the project objectives and are following the organizational policies and procedures. Audits can also identify any gaps, inconsistencies, or areas of improvement in the risk management activities. By conducting periodic audits, the risk manager can ensure that the organizational process assets are updated and reflect the current state of the project risk management. Some of the organizational process assets that can be updated as a result of audits are risk management templates, risk categories, risk databases, and lessons learned1 . Reference: PMBOK Guide, 6th edition, pages 456-457, 481-4821; PMI-RMP Exam Content Outline, 2015, page 9
NEW QUESTION # 292
A project manager works on a long-term and high visibility project at an organization that has a low risk appetite towards this project due to its impact on the company's business. The project sponsors follow up weekly with the project manager, who was just informed by one of the risk owners that the exposure from two high-impact risks are hitting the risk thresholds.
What should the project manager do next?
Answer: C
Explanation:
According to the PMBOK Guide, 6th edition, Section 11.4.3.1, Risk Thresholds, risk thresholds are the level of risk exposure above which risks are addressed and below which risks may be accepted. Risk thresholds are determined by the organization's risk appetite, which is the degree of uncertainty that an organization is willing to accept in pursuit of its goals. Therefore, when the project manager is informed by the risk owner that the exposure from two high-impact risks are hitting the risk thresholds, the project manager should complete an assessment and confirm the response with the sponsors, who are the key stakeholders for the project and have a low risk appetite. The project manager should not update the project management plan, perform an assumptions and constraints analysis, or implement mitigation measures without first consulting with the sponsors and obtaining their approval. Reference: PMBOK Guide, 6th edition, Section 11.4.3.1, Risk Thresholds
NEW QUESTION # 293
Ruth is the project manager of ISFH project for her company. This project is forty percent complete and it appears that some risk events are going to happen in the project that will have an adverse affect on the project. Ruth creates a change request regarding the risks. Is this a valid response?
Answer: B
NEW QUESTION # 294
You are the project manager of the NNQ Project for your company and are working with your project team to define contingency plans for the risks within your project. Mary, one of your project team members, asks what a contingency plan is. Which of the following statements best defines what a contingency response is?
Answer: C
NEW QUESTION # 295
A new risk manager has been assigned to a project experiencing delays, quality issues, low performance, and client complaints. The work is being completed with the client ' s vendor, which apparently has been causing all of the issues.
What should the risk manager do first?
Answer: C
NEW QUESTION # 296
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