2025 PMI FANTASTIC PMI-RMP: PMI RISK MANAGEMENT PROFESSIONAL EXAM EXERCISE

2025 PMI Fantastic PMI-RMP: PMI Risk Management Professional Exam Exercise

2025 PMI Fantastic PMI-RMP: PMI Risk Management Professional Exam Exercise

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Prestigious Positions to Get

The PMI-RMP certification is the perfect boost you need to prove to your employers that you are well versed in all the techniques of project risk management. It places you at a higher competing ground among other risk management professionals. The individuals with this certificate can take up the job roles, such as a Risk Analyst, a Senior Risk Analyst, a Project Coordinator, a Risk Manager, a Project Manager, and a Program Manager, among others. The salary prospects for the Risk Analysts range from $80,730 to $106,991 per year, with an average remuneration of $93,469 per annum.

To be eligible for the PMI-RMP certification exam, candidates must have a minimum of three years of professional experience in risk management and 30 hours of project risk management education. PMI-RMP Exam itself consists of 170 multiple-choice questions and has a duration of four hours. The PMI-RMP certification is valid for three years, after which candidates must renew their certification by earning professional development units (PDUs) through continuing education and professional development activities. Overall, the PMI-RMP certification is an excellent choice for professionals who want to specialize in risk management and enhance their career prospects in the project management domain.

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Latest PMI-RMP Exam Notes | Valid PMI-RMP Exam Guide

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Achieving PMI-RMP certification can provide numerous benefits to individuals and organizations. For individuals, it can increase job opportunities, career advancement, and earning potential. For organizations, it can improve project outcomes, reduce project risk, and increase stakeholder confidence. Overall, the PMI-RMP Certification demonstrates a commitment to excellence in risk management and a dedication to delivering successful projects.

PMI Risk Management Professional Sample Questions (Q13-Q18):

NEW QUESTION # 13
You are the project manager for Genpact Inc. You have established quarterly risk management meetings. Which of the following is not a component of a risk management meeting?

  • A. Review of risk responses
  • B. Assessing the overall status of risks in the project
  • C. Assessment or risk
  • D. The availability of the individual

Answer: D


NEW QUESTION # 14
You work as a project manager for BlueWell Inc. You want to create a visual diagram, which can depict the resources that will be used within the project. Which of the following diagrams will you create to accomplish the task?

  • A. Roles and responsibility matrix
  • B. Resource breakdown structure
  • C. Work breakdown structure
  • D. RACI chart

Answer: B


NEW QUESTION # 15
A risk manager is facilitating a risk identification workshop on a new product with technical experts. There is no consensus among the technical experts on most of the identified risks and their characteristics. The risk manager decides to resolve this difference using another technique.
Which technique should the risk manager use in this situation?

  • A. Focus group
  • B. Brainstorming
  • C. Checklist analysis
  • D. Delphi method

Answer: D

Explanation:
The risk manager should use the Delphi method in this situation, as this is a technique that can help resolve differences among experts and reach a consensus on the identified risks and their characteristics. The Delphi method is a tool used to make quick decisions with consensus. This technique consists of sending several sets of anonymous questions to each expert. This is followed by a group discussion after every round. The Delphi method can help the risk manager to solicit the opinions of all experts without revealing their identities. This way, the experts can express their views freely and honestly, without being influenced or intimidated by others. The Delphi method can also reduce personal bias, ego, or emotional conflict among the participants.
The risk manager can use the results of the Delphi method to create a list of potential risks and their causes, effects, and probabilities. The other options are not appropriate techniques for the risk manager to use in this situation. Brainstorming is a technique that can help generate ideas and identify risks, but it may not be effective in resolving differences among experts, as it involves open and spontaneous discussion. Focus group is a technique that can help collect requirements and opinions from stakeholders, but it may not be suitable for resolving technical disagreements among experts, as it involves a moderated and structured discussion.
Checklist analysis is a technique that can help identify risks based on historical information and lessons learned, but it may not be helpful in resolving differences among experts, as it involves a predefined list of potential risks. References: 3, 4, 5


NEW QUESTION # 16
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. Perform an assumptions and constraints analysis.
  • B. Implement mitigation measures for those risks.
  • C. Update the project management plan to add contingency.
  • D. Complete an assessment and confirm the response with the sponsors.

Answer: D

Explanation:
According to the PMBOK Guide, 6th edition, Section 11.4.3.1, Risk Thresholds, risk thresholds are the level of risk exposure above which risks are addressed and below which risks may be accepted. Risk thresholds are determined by the organization's risk appetite, which is the degree of uncertainty that an organization is willing to accept in pursuit of its goals. Therefore, when the project manager is informed by the risk owner that the exposure from two high-impact risks are hitting the risk thresholds, the project manager should complete an assessment and confirm the response with the sponsors, who are the key stakeholders for the project and have a low risk appetite. The project manager should not update the project management plan, perform an assumptions and constraints analysis, or implement mitigation measures without first consulting with the sponsors and obtaining their approval. Reference: PMBOK Guide, 6th edition, Section 11.4.3.1, Risk Thresholds


NEW QUESTION # 17
Ted is the project manager of the HRR project for his company. Management has asked that Ted periodically reviews the contingency reserve as risk events happen, pass, or are still pending.
What is the purpose of reviewing the contingency reserve?

  • A. It helps to evaluate if the remaining reserve is adequate for the risk exposure.
  • B. It helps to determine how much more funds will need to be invested in the project.
  • C. It helps to evaluate secondary and residual risks related to the risk responses and their costs.
  • D. It helps to determine the probability and impact of project risks.

Answer: A


NEW QUESTION # 18
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