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PMI PMI-RMP Guide & Valid PMI-RMP Exam Topics

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In order to take the PMI-RMP Exam, candidates must meet certain eligibility criteria, such as having a minimum of 3,000 hours of experience in project risk management and 30 hours of formal education in risk management. PMI-RMP exam consists of 170 multiple-choice questions, which must be completed in four hours. Upon passing the exam, candidates receive the PMI-RMP Certification, which is valid for three years and requires ongoing professional development to maintain.

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PMI Risk Management Professional Sample Questions (Q79-Q84):

NEW QUESTION # 79
Your project team has identified a project risk that must be responded to. The risk has been recorded in the risk register and the project team has been discussing potential risk responses for the risk event. The event is not likely to happen for several months but the probability of the event is high. Which one of the following is a valid response to the identified risk event?

A. Corrective action
B. Earned value management
C. Technical performance measurement
D. Risk audit

Answer: A

NEW QUESTION # 80
Beth is a project team member on the JHG Project. Beth has added extra features to the project and this has introduced new risks to the project work. The project manager of the JHG project elects to remove the features Beth has added. The process of removing the extra features to remove the risks is called what?

A. Corrective action
B. Defect repair
C. Preventive action
D. Scope creep

Answer: C

Explanation:
Explanation

NEW QUESTION # 81
Some issues and unexpected results were found after completing the first phase of a project. The project team is planning the next phase and team members want to avoid the previous issues.
What should the risk manager do to avoid the previous issues?

A. Document the issues in the lessons learned.
B. Create an issue log to share with the team.
C. Improve monitoring and controlling of activities.
D. Use the information for a risk workshop.

Answer: D

Explanation:
Explanation
According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline1, one of the tasks in the domain of Risk Identification is to use the information from project documents, lessons learned, and other sources to facilitate the risk identification process1. A risk workshop is a tool and technique for risk identification that involves bringing together the project team, stakeholders, subject matter experts, and risk management experts to identify and analyze the project risks in a structured and collaborative manner2. In this scenario, the risk manager should use the information from the issues and unexpected results found in the first phase of the project for a risk workshop, to avoid the previous issues in the next phase. The risk workshop will help the risk manager and the project team to identify the root causes of the issues, assess their probability and impact, and develop appropriate risk responses. The risk workshop will also enable the risk manager to update the risk register and the risk report with the new information and communicate the risk status to the relevant stakeholders. The risk manager should not improve monitoring and controlling of activities, because that is not a specific action to avoid the previous issues, but rather a general practice that should be done throughout the project life cycle3. The risk manager should not document the issues in the lessons learned, because that is not enough to avoid the previous issues, but rather a way to capture and share the knowledge gained from the project for future reference4. The risk manager should not create an issue log to share with the team, because that is not a proactive risk management technique, but rather a reactive way to track and resolve the issues that have already occurred5. References: 1: PMI Risk Management Professional (PMI-RMP) Examination Content Outline, page 82: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4003: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 4564: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 1005: What Is an Issue Log? Templates & Tips6.

NEW QUESTION # 82
A risk manager for a large project has completed documenting the risk management plan. The project is moving from planning to execution.
Which three actions should the risk manager take to ensure the risk management plan remains effective during the project timeframe? (Choose 3)

A. Verify whether or not any identified risks might occur and implement the risk response plan.
B. Ensure management reserves are sufficient to cover the mitigation plans for all identified risks.
C. Allocate and lock in project resources according to the initial risk prioritization for all identified risks.
D. Monitor the status and oversee execution of the risk response plan for each identified risk.
E. Regularly check and report on the status of risks identified according to their prioritization.

Answer: B,D,E

Explanation:
According to the PMI-RMP Exam Content Outline1, one of the domains of the PMI-RMP certification is risk monitoring and reporting. This domain includes tasks such as "monitor and report on risk metrics and trends",
"monitor the status of risk response activities and update risk register and risk report accordingly", and
"monitor and control project contingency and management reserves". These tasks imply that the risk manager should regularly check and report on the status of risks identified according to their prioritization (B), monitor the status and oversee execution of the risk response plan for each identified risk , and ensure management reserves are sufficient to cover the mitigation plans for all identified risks (D). These actions will help the risk manager to ensure the risk management plan remains effective during the project timeframe. Therefore, the best answers are B, C, and D.
rences: 1: PMI-RMP Exam Content Outline, pages 9-10.

NEW QUESTION # 83
There are four inputs to the Monitoring and Controlling Project Risks process. Which one of the following will NOT help you, the project manager, to prepare for risk monitoring and controlling?

A. Change requests
B. Project management plan
C. Risk register
D. Work Performance Information

Answer: A

NEW QUESTION # 84
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