PMI-RMP PMI Risk Management Professional Exam Preparation
May 22,2023 03:00 AM
The PMI-RMP Project Management Institute Risk Management Professional is designed to validate the knowledge and expertise of professionals in the field of risk management within project management.The PMI-RMP exam focuses on assessing the candidate's understanding of risk management concepts, processes, and techniques as they apply to project management. It covers a wide range of topics related to risk identification, analysis, response planning, monitoring, and control. The exam also emphasizes the integration of risk management practices into the overall project management framework.
PMI Certification PMI-RMP Exam Info
PMI-RMP certification distinguishes you from others if you hold positions such as project manager, risk manager, functional manager, or C-suite executive. To be eligible for the PMI-RMP exam, candidates must have a secondary degree (high school diploma, associate's degree, or global equivalent) with a minimum of 4,500 hours of experience in project risk management. Alternatively, candidates with a four-year degree (bachelor's degree or global equivalent) need a minimum of 3,000 hours of experience in project risk management. There are 115 questions in real PMI PMI-PMP exam, and it is available in Pearson VUE test center. The PMI-RMP exam is available in English and Arabic.
PMI Risk Management Professional PMI-RMP Exam Topics
PMI Risk Management Professional PMI-RMP exam topics cover the following sections.
1.Risk Strategy and Planning (22%)
This topic focuses on developing an effective risk management strategy and plan for a project.
It involves understanding the project's objectives, stakeholders, and organizational context to establish risk management goals.
It includes identifying the roles and responsibilities of the risk management team and establishing the risk management process.
Topics covered may include risk appetite and tolerance, risk management policies and procedures, and risk governance.
2.Risk Identification (23%)
This topic involves the systematic process of identifying and documenting potential risks that may affect the project.
It includes techniques such as brainstorming, checklists, interviews, and document analysis to identify risks.
Topics covered may include risk identification tools and techniques, risk documentation, and risk register development.
3.Risk Analysis (23%)
Risk analysis involves assessing the identified risks in terms of their probability, impact, and interdependencies.
It includes qualitative analysis (assessing the risks based on their characteristics and subjective judgment) and quantitative analysis (using numerical data and models to analyze risks).
Topics covered may include risk probability and impact assessment, risk data analysis, risk categorization, and risk urgency assessment.
4.Risk Response (13%)
This topic focuses on developing and implementing risk response strategies to address identified risks.
It includes strategies such as avoiding, transferring, mitigating, or accepting risks.
Topics covered may include risk response planning, risk ownership, risk prioritization, and risk action planning.
5.Monitor and Close Risks (19%)
This topic covers the activities involved in monitoring and controlling risks throughout the project lifecycle.
It includes tracking identified risks, monitoring risk triggers, and implementing risk response plans.
Topics covered may include risk monitoring and control techniques, risk status reporting, risk reassessment, and risk closure.
Practice PMI-RMP Exam Questions
The latest PMI certification PMI-RMP exam questions are the best material for you to study the above PMI Risk Management Professional exam topics. Share some PMI Certification PMI-RMP exam questions and answers below.
1.When conducting a risk identification exercise, what two actions should the risk manager take?(Choose two.)
A. Request a contingency reserve from management
B. Arrange a team meeting, review the project's scope, and discuss dependency mapping
C. Ensure participants review relevant documents before attending the meeting
D. Ensure that all the relevant stakeholders participate
E. Update the risk register during the team meeting.
Answer: C,D
2.The project’s customer has stated the project must be completed by a date indicated as the P90 date established on the Monte Carlo analysis.What should the project manager do to ensure the P90 date is met?
A. Update the assumptions/exclusions register
B. Hire more resources and crash the schedule
C. Perform a qualitative risk analysis for the project
D. Mitigate risks identified on the sensitivity analysis
Answer: D
3.A project has a significant impact on an organization. Multiple stakeholders expressed concerns regarding the overall project risk during construction of the risk management plan, and they agreed that the risk appetite is low. What should the project risk manager monitor closely?
A. Risk thresholds
B. Risk response strategies
C. Risk management reports
D. Risk breakdown structure (RBS)
Answer: A
4.A new risk manager has been hired on a project and meets with the project director. The project director supplies the project's risk register and asks the risk manager for an analysis of its effectiveness. What two actions should the risk manager do next? (Choose two.)
A. Check to ensure that the risk is supported by a Monte Carlo simulation.
B. Check to ensure that the risks are gathered using Delphi technique.
C. Check for risk classification and that probability and impact are identified.
D. Check to ensure that risk origin, triggering event, and ownership is identified.
E. Check to ensure the risk meeting agenda and supporting documents are distributed.
Answer: C,D
5.A project manager is educating the project team on risk management regarding the role of threats and opportunities. The team decides to log the opportunities in the current project's risk register to try to maximize their chances of occurrence. What should the project team do next?
A. Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis.
B. Log the threats in the risk register to try to minimize the probability of occurrence.
C. Log the threats in the risk register to try to maximize the probability of occurrence.
D. Update the project management plan to ensure the results of the opportunities are captured.
Answer: B
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