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PMI PMI-RMP Exam Syllabus Topics:

Section	Objectives
Topic 1: Risk Monitoring and Control	- Risk Reporting and Communication - Risk Audits and Reviews
Topic 2: Risk Response Planning	- Threat Response Strategies - Opportunity Response Strategies
Topic 3: Risk Identification	- Identifying Individual Risks - Overall Project Risk Identification
Topic 4: Risk Strategy and Planning	- Risk Management Planning - Stakeholder Engagement in Risk
Topic 5: Risk Analysis	- Qualitative Risk Analysis - Quantitative Risk Analysis

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PMI Risk Management Professional Sample Questions (Q243-Q248):

NEW QUESTION # 243
Which input could be utilized to perform quantitative risk analysis to reduce uncertainty?

A. Stakeholder register
B. Expert judgment
C. Organizational process assets
D. Risk categorization

Answer: C

NEW QUESTION # 244
You work as a project manager for BlueWell Inc. You are performing the quantitative risk analysis for your project. One of the project risks has a 50 percent probability of happening, and it will cost the project
$55,000 if the risk happens. What will be the expected monetary value of this risk event?

A. Negative $55,000
B. Negative $27,500
C. Zero - the risk event has not yet occurred
D. Negative $26,000

Answer: B

NEW QUESTION # 245
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?

A. Implement mitigation measures for those risks.
B. Complete an assessment and confirm the response with the sponsors.
C. Perform an assumptions and constraints analysis.
D. Update the project management plan to add contingency.

Answer: B

Explanation:
Explanation
The project manager should complete an assessment of the high-impact risks and confirm the response with the project sponsors (C) since the organization has a low risk appetite for this project. This approach ensures that the sponsors are aware of the situation and can provide guidance on how to proceed. This is in line with PMI's PMBOK Guide, Sixth Edition.

NEW QUESTION # 246
Three months into a program, multiple workstreams are showing issues. At this point, the program manager requires that a risk impact assessment be conducted.
What will help calculate the impact?

A. Risk analysis
B. Risk evaluation
C. Risk identification
D. Risk treatment

Answer: A

Explanation:
Risk impact assessment involves calculating the impact of identified risks. Risk analysis is the process of examining, estimating, and evaluating the impact of risks, which helps in calculating the impact (Reference:
PMBOK Guide, 6th Edition, p. 417)
Risk analysis is the process of assessing the likelihood and impact of the identified risks on the program objectives. It helps to calculate the impact of the risks by using qualitative or quantitative methods. Risk analysis can provide useful information for risk prioritization, risk response planning, and risk reporting.
References: PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, 2019, p. 67; PMI, The Standard for Program Management, Fourth Edition, 2017, p. 113.

NEW QUESTION # 247
John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?

A. Schedule management plan
B. Activity cost estimates
C. Activity duration estimates
D. Risk management plan

Answer: C

NEW QUESTION # 248
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