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| Certification Vendor: | PMI |
|---|---|
| Exam Name: | PMI Risk Management Professional |
| Exam Number: | PMI-RMP |
| Exam Duration: | 150 minutes |
| Exam Format: | Multiple-choice, Scenario-based |
| Real Exam Qty: | 115 |
| Available Languages: | English |
| Certificate Validity Period: | 3 years |
| Related Certifications: | PMP (Project Management Professional) |
| Exam Price: | USD 520 (PMI Member) / USD 670 (Non-Member) |
| Passing Score: | Not explicitly defined (Recommended approx. 70-75%) |
| 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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The PMI Risk Management Professional certification is an internationally-recognized validation that identifies persons who earn it as possessing skilled as an PMI Risk Management Professional. If a candidate wants significant improvement in career growth needs enhanced knowledge, skills, and talents. The PMI Risk Management Professional certification provides proof of this advanced knowledge and skill. If a candidate has knowledge and skills that are required to pass PMI PMI-RMP Exam then he should take this exam.
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NEW QUESTION # 55
A complex infrastructure construction project consisting of various stakeholders with diverse attitudes and opinions is in the execution phase. The project sponsor instructed the risk manager to evaluate the project environment and identify potential risks because many conflicts have arisen.
What should the risk manager do first?
Answer: C
Explanation:
When conflicts arise in a complex project, performing an assumptions and constraints analysis is the first step in identifying potential risks. This analysis helps clarify the underlying assumptions and constraints that might be contributing to the conflicts, allowing the risk manager to assess whether they are still valid or if they need to be revisited. Addressing these factors can help mitigate conflicts and prevent new risks from emerging.
NEW QUESTION # 56
Henry is the project manager of the QBG Project for his company. This project has a budget of $4,576,900 and is expected to last 18 months to complete. The CIO, a stakeholder in the project, has introduced a scope change request for additional deliverables as part of the project work. What component of the change control system would review the proposed changes' impact on the features and functions of the project's product?
Answer: B
Explanation:
Explanation/Reference:
NEW QUESTION # 57
A risk manager and relevant stakeholders have completed a risk response plan for a project. They have identified and planned responses to the known risks; however, a risk owner has identified and reported some residual risks not previously addressed.
What should the risk manager do first?
Answer: C
Explanation:
Residual risks are the risks that remain after the risk response plan has been implemented. They are the risks that are accepted by the project team and stakeholders as part of the project. Residual risks may have low probability or impact, but they still need to be monitored and controlled throughout the project. The first thing that the risk manager should do when a risk owner identifies and reports some residual risks is to analyze, document, and communicate them to the relevant stakeholders. The risk manager should assess the probability and impact of the residual risks, and determine if they require any further response or contingency plan. The risk manager should also update the risk register and the risk report with the information about the residual risks, and share them with the stakeholders who need to be aware of them. This will help the project team and stakeholders to be prepared for any potential occurrence of the residual risks, and to take appropriate actions if needed. References: PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, 2019, p.
94-95, 101.
NEW QUESTION # 58
A project team introduces an improved scheduling tool that reduces planning time but creates a secondary risk: reliance on automated logic that may overlook local constraints. Two tasks recently required human intervention after the tool failed to recognize relevant conditions.
What should the risk manager do?
Answer: D
Explanation:
The observed failures provide evidence that the secondary risk is credible, but the team still needs to understand its probability, impact, pattern, affected activities, detectability, urgency, and potential consequences before choosing a response.
The analysis should determine which local constraints the tool misses, how often human intervention is required, whether the failures could create schedule or cost errors, and whether controls such as validation rules, human review, configuration changes, or limited use would reduce exposure.
Asking the project manager alone to validate the tool may not involve the right technical and operational experts. Escalating and withdrawing the tool is premature unless the exposure exceeds agreed authority or tolerance. Accepting manual corrections without analysis could normalize a control weakness and allow more serious scheduling errors.
Therefore, the risk manager should first analyze the secondary risk and then select a proportionate response.
Why the other options are not the best answers:
A). Validation should be evidence-based and may require multiple subject-matter experts.
B). Escalation and withdrawal are premature before the exposure is assessed.
D). Acceptance is not justified without analysis and threshold comparison.
References:
PMI, PMBOK Guide-Sixth Edition, Sections 11.3 and 11.4.
PMI, Practice Standard for Project Risk Management, guidance on secondary-risk analysis.
PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, guidance on evidence-based decision-making.
NEW QUESTION # 59 
A regional vendor for custom manufactured steel oil derricks is awarded a contract to design, manufacture, and install 40 offshore oil platforms. Installation of these derricks requires precision placement and stable seas for the transport and installation ships to properly install the deep water structure. It takes 65 days to transport the deep water structures for each platform from the manufacturing facility to the installation site at a cost of US$155,000 per day. The monsoon season runs from May to September each year and is a known risk for placement of the oil platforms. There is an incentive clause in the contract that will provide a USS1,500,000 payment, if all 40 platforms are in place and ready for use by 5 January 2016.
What is the probability of receiving this incentive?
Answer: D
NEW QUESTION # 60
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