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PMI PMI-RMP Exam Overview:

Certification Vendor:	PMI
Exam Name:	PMI Risk Management Professional Certification Exam
Exam Number:	PMI-RMP
Certificate Validity Period:	3 years
Related Certifications:	Project Management Professional (PMP) PMI Agile Certified Practitioner (PMI-ACP) Program Management Professional (PgMP)
Exam Price:	$520 USD (PMI members), $670 USD (non-members)
Real Exam Qty:	115 (100 scored, 15 unscored pretest)
Exam Duration:	150 minutes
Passing Score:	Not published; scaled scoring, approx. 75% accuracy recommended
Available Languages:	Chinese (Simplified), English, Arabic
Exam Format:	Multiple-select (multiple answers), Multiple-choice (single answer), Computer-based, Scenario-based
Recommended Training:	PMI-RMP Exam Content Outline PMI-RMP Official Exam Prep Course
Exam Registration:	PMI Official Registration Pearson VUE Scheduling
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 (PMI Risk Management Professional) exam is a certification exam for professionals who specialize in risk management. PMI-RMP exam is offered by the Project Management Institute (PMI), which is a leading professional association for project management professionals worldwide. The PMI-RMP certification is designed for professionals who work in project management, particularly in the area of risk management. PMI Risk Management Professional certification is recognized globally and demonstrates the candidate's expertise in risk management.

Stakeholder Engagement (19-20%)

Promoting risk ownership by proactively communicating responsibilities and roles as well as involving project team members in the expansion of risk responses for improving the risk response execution;
Training, coaching, and educating the stakeholders in risk processes and principles to create a common understanding of processes & principles, as well as foster involvement in risk management;
Engaging the stakeholders on the risk prioritization process according to the stakeholder risk tolerance and different relevant standards for optimizing the consensus regarding priorities;
Utilizing the interpersonal skills to develop a common understanding of the importance of risk management to foster the proper level of risk ownership, responsibility, and shared accountability;
Utilizing useful communication methods and sharing information on project risk performance to liaise with the stakeholders of other projects to notify them about suggestions for their projects.
Utilizing the tools and processes such as analyzing historical stakeholder behaviors and interviewing stakeholders to assess stakeholder risk tolerance for identifying the project risk thresholds;

PMI-RMP certification exam is a rigorous exam that requires a significant amount of preparation. Candidates are required to have at least three years of project risk management experience and 30 hours of formal risk management education. In addition, candidates must pass a 170-question exam within a four-hour time limit. PMI-RMP Exam is computer-based and is available at authorized testing centers around the world.

PMI Risk Management Professional Sample Questions (Q110-Q115):

NEW QUESTION # 110
An organization performs an annual strategies and initiatives workshop during which a strengths, weaknesses, opportunities, and threats (SWOT) analysis is being conducted. As part of this process the functional managers identify the opportunities and threats.
What should the risk manager do next?

A. Plan risk responses to the threats
B. Utilize different tools to identify the risks
C. Add only the threats to the risk register
D. Update the risk register with the identified risks

Answer: D

Explanation:
Explanation
The risk manager should update the risk register with both the opportunities and threats identified during the SWOT analysis. This will help in tracking and managing all potential risks throughout the project lifecycle.

NEW QUESTION # 111
How can the project manager rank competing stakeholder priorities for all the identified risks?

A. Perform qualitative and quantitative risk analysis.
B. Perform a review of organizational process assets.
C. Refer to stakeholder analysis prioritization tree.
D. Engage the project sponsor to decide.

Answer: A

NEW QUESTION # 112
During project execution, the project team realizes that the power outlet for imported equipment is not compatible with the current customers electrical infrastructure. This event was not originally identified as a risk.
To maintain the project schedule, the project manager decides to purchase a new power adapter.
What type of response best describes this course of action?

A. Fallback plan
B. Contingency plan
C. Management plan
D. Workaround

Answer: D

NEW QUESTION # 113

Contingency Reserve Total: US$213,000
Due to a mitigation strategy, Risk 4's probability has been reduced to 40%. What would be the new contingency reserve total?

A. US$157,000
B. US$145,800
C. Unable to calculate a total due to lack of pertinent information.
D. US$92,400

Answer: A

NEW QUESTION # 114
Lisa is the project manager of the SQL project for her company. She has completed the risk response planning with her project team and is now ready to update the risk register to reflect the risk response. Which of the following statements best describes the level of detail Lisa should include with the risk responses she has created?

A. The level of detail should correspond with the priority ranking.
B. The level of detail is set of project risk governance.
C. The level of detail is set by historical information.
D. The level of detail must define exactly the risk response for each identified risk.

Answer: A

NEW QUESTION # 115
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