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| Certification Vendor: | PMI |
|---|---|
| Exam Name: | PMI Risk Management Professional |
| Exam Number: | PMI-RMP |
| Exam Format: | Multiple-choice, Scenario-based |
| Real Exam Qty: | 115 |
| Passing Score: | Not explicitly defined (Recommended approx. 70-75%) |
| Related Certifications: | PMP (Project Management Professional) |
| Available Languages: | English |
| Exam Price: | USD 520 (PMI Member) / USD 670 (Non-Member) |
| Exam Duration: | 150 minutes |
| Certificate Validity Period: | 3 years |
| 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 is a certification exam designed for professionals who specialize in risk management. PMI-RMP exam covers various aspects of risk management and is recognized globally. PMI Risk Management Professional certification provides numerous benefits, including enhanced credibility, professional standing, and access to a global network of professionals. PMI Risk Management Professional certification is an excellent opportunity for project management professionals who want to specialize in risk management and take their career to the next level.
Earning the PMI-RMP certification demonstrates an individual's commitment to the field of risk management and their ability to manage risk effectively. PMI Risk Management Professional certification is recognized globally and can lead to career advancement and increased earning potential. The PMI-RMP Certification is a valuable asset for individuals who want to differentiate themselves in the competitive field of project management and risk management.
PMI-RMP certification is a globally recognized credential offered by the Project Management Institute (PMI) to professionals who specialize in risk management. PMI Risk Management Professional certification is designed to validate an individual's expertise in identifying potential risks, analyzing them, and developing effective strategies to mitigate them. The PMI-RMP certification exam covers a wide range of topics, including risk management planning, risk identification and analysis, risk response planning, risk monitoring and control, and stakeholder engagement.
NEW QUESTION # 80
Sammy is the project manager for her organization. She would like to rate each risk based on its probability and affect on time, cost, and scope. Harry, a project team member, has never done this before and thinks Sammy is wrong to attempt this approach. Harry says that an accumulative risk score should be created, not three separate risk scores. Who is correct in this scenario?
Answer: A
NEW QUESTION # 81
A project manager has determined that they cannot outsource work nor eliminate the scope. They also discover that they cannot buy insurance or mitigate the risk.
What should the project manager do?
Answer: B
Explanation:
Since the project manager cannot avoid, transfer, or mitigate the risk, the only remaining option is to accept the risk and develop a contingency plan to handle it if it occurs.
According to the PMI-RMP Exam Content Outline1, one of the tools and techniques for risk response planning is risk response strategies. These are the actions that the project manager and the project team take to address the identified risks, either positive or negative. For negative risks or threats, the PMI-RMP Exam Content Outline1 lists four possible strategies: avoid, transfer, mitigate, and accept.
* Avoid risk means changing the project plan to eliminate the threat or its impact2. For example, changing the scope, schedule, or budget to avoid a risk.
* Transfer risk means shifting the impact of a threat to a third party, such as a contractor, vendor, or insurer2. For example, buying insurance, outsourcing, or using performance bonds to transfer a risk.
* Mitigate risk means reducing the probability and/or impact of a threat2. For example, conducting more tests, adopting best practices, or providing training to mitigate a risk.
* Accept risk means acknowledging the existence of a threat and being willing to deal with its consequences2. For example, doing nothing, establishing a contingency reserve, or developing a contingency plan to accept a risk.
In this question, the project manager has determined that they cannot outsource work (transfer) nor eliminate the scope (avoid). They also discover that they cannot buy insurance (transfer) or mitigate the risk. Therefore, the only remaining option is to accept the risk. Accepting the risk does not mean ignoring the risk, but rather recognizing it and preparing for its potential occurrence and impact. Therefore, the best answer is D.
References: 1: PMI-RMP Exam Content Outline, page 9. 2: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 443.
NEW QUESTION # 82
A new resource is added to the project team from a matrix organization. How should the project's risk manager familiarize the new team member with the project's risk management process?
Answer: C
NEW QUESTION # 83
Examine the figure given below. What will be the expected monetary value of Risk C?
Answer: B
NEW QUESTION # 84
During a risk identification session, the risk manager notices that subject matter experts (SMEs) are reluctant to participate because some risks could expose the poor maturity of processes in other business units. Which risk analysis technique should the risk manager use?
Answer: B
Explanation:
Explanation
According to the PMI-RMP Exam Content Outline1, one of the tools and techniques for risk identification is the Delphi technique. This is a method of obtaining expert opinions anonymously and iteratively until a consensus is reached. The Delphi technique can help overcome the problem of SMEs being reluctant to participate in risk identification because it allows them to express their views without fear of criticism or confrontation from other participants. The Delphi technique can also reduce the influence of dominant or biased individuals and encourage honest and independent feedback. Therefore, the best answer is
B: References: 1: PMI-RMP Exam Content Outline, page 8.
NEW QUESTION # 85
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