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The Project Management Institute (PMI) Risk Management Professional (PMI-RMP) exam is a globally recognized certification program for professionals who specialize in managing risks in project management. The certification is designed to help organizations and individuals identify and mitigate potential risks in projects, ensuring successful project outcomes. The PMI-RMP certification is an important credential for individuals who want to showcase their expertise and advance their careers in project management.
To prepare for the PMI-RMP certification exam, candidates can use a variety of resources, including study guides, online training courses, and practice exams. PMI also offers an official PMI-RMP Exam Prep course that covers all the domains of risk management and provides practice questions and quizzes. Candidates can also join study groups or participate in online forums to discuss concepts and share experiences. With thorough preparation and dedication, candidates can pass the PMI-RMP certification exam and achieve a valuable certification that will benefit their careers in risk management.
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PMI Risk Management Professional Sample Questions (Q111-Q116):
NEW QUESTION # 111
You are the project manager of the GYH project for your organization. Management has asked you to begin identifying risks and to use an information gathering technique. Which one of the following risk identification approaches is an information gathering technique?
- A. SWOT analysis
- B. Documentation reviews
- C. Root cause analysis
- D. Assumptions analysis
Answer: C
NEW QUESTION # 112
You are the project manager of the NHH project for your company. You and the project team have completed the quantitative risk analysis for your project. During this process you create a contingency reserve based on the risk probability-impact matrix as seen in the figure below.
Based on the information in the figure above, what amount would you need to include in your risk contingency fund?
- A. $258,500
- B. -$258,500
- C. $171,500
- D. -$465,000
Answer: A
NEW QUESTION # 113
John is the project manager of the NHQ Project for his company. His project has 75 stakeholders, some of which are external to the organization. John needs to make certain that he communicates about risk in the most appropriate method for the external stakeholders. Which project management plan will be the best guide for John to communicate to the external stakeholders?
- A. Communications Management Plan
- B. Risk Management Plan
- C. Project Management Plan
- D. Risk Response Plan
Answer: A
NEW QUESTION # 114
You are the project manager of the KJH Project and are working with your project team to plan the risk responses. Consider that your project has a budget of $500,000 and is expected to last six months. Within the KJH Project you have identified a risk event that has a probability of .70 and has a cost impact of $350,000. When it comes to creating a risk response for this event what is the risk exposure of the event that must be considered for the cost of the risk response?
- A. The risk exposure of the event is $850,000.
- B. The risk exposure of the event is $500,000.
- C. The risk exposure of the event is $245,000.
- D. The risk exposure of the event is $350,000.
Answer: C
NEW QUESTION # 115
What items should be included in a complex project's risk management plan?
- A. Risk management organization, templates, and milestone plan
- B. Risk management methodology, risk management organization, and thresholds and corresponding definitions
- C. Risk management methodology, scope statement, and thresholds and corresponding definitions.
- D. Risk management organization, risk communication plan, and milestone plan
Answer: B
NEW QUESTION # 116
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