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Hot Exam PMI-RMP Format | High-quality Latest PMI-RMP Learning Materials: PMI Risk Management Professional

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PMI Risk Management Professional (PMI-RMP) certification is a highly recognized credential for professionals working in the field of risk management. PMI Risk Management Professional certification is offered by the Project Management Institute (PMI), which is a global association of project management professionals. The PMI-RMP certification exam is designed to assess the knowledge and skills of individuals in the area of risk management and to provide a validation of their expertise in this field.

Books and Courses to Launch PMI-RMP Prep

As for the reliable resources to start your PMI-RMP prep, here are 4 options you should check out in the first place:

Practice Standard for Project Risk Management by Project Management InstituteThis book is another useful official resource for your test prep. It provides the standard practices and techniques needed for effective project risk management, most of which you will be tested on. Thus, with its help, you will familiarize yourself with such terms as iterative processes, current assessments, and templates.
PMI-RMP Exam Content Outline by Project Management InstituteThis is the official content outline for the final PMI-RMP test. It shows you all of the possible domains, from which the exam questions are derived. It also contains the percentage of questions for each topic and tasks you may be asked to carry out.
Project Management Training at DeVry UniversityDeVry University is one of the PMI-authorized trainers. You can enroll in one of their project management courses to learn more about project risk management. One of the most prominent of DeVry University course options is Project Risk Management training, which is a great way to prepare for the upcoming PMI-RMP Exam.
Project Risk Management (Project Management) by Bruce BarkleyYou can get this helpful paperback book on Amazon for $46.82. It uses templates and action plans to simplify the concepts in one of the PMI’s most popular books: A Guide to the Project Management Body of Knowledge (PMBOK Guide).

PMI-RMP certification is specifically designed for professionals who are responsible for identifying, assessing, and mitigating project risks. This includes project managers, risk managers, project coordinators, and other professionals who are involved in the planning and execution of projects. PMI Risk Management Professional certification is intended to provide a comprehensive understanding of risk management principles and practices, as well as the ability to apply these principles to real-world project scenarios.

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PMI Risk Management Professional Sample Questions (Q89-Q94):

NEW QUESTION # 89
A project manager is trying to realize benefits from new material on an adaptive project. This is the first time the project team is using the material so the team does not have information to identify and analyze risks. A team member informs the project manager that a local university has recently published a research journal on the same material.
Where should the project manager find this information?

A. Enterprise environmental factors (EEFs)
B. Industrial studies
C. Organizational process assets (OPAs)
D. Commercial risk databases

Answer: A

Explanation:
Explanation
Enterprise environmental factors (EEFs) include information from external sources, such as academic research, industry studies, and market conditions. this case, the project manager should refer to the research journal published by the local university as an EEF to gather information about the new material and its associated risks.

NEW QUESTION # 90
A project manager has determined that they cannot outsource work nor eliminate the scope. They also discover that they cannot buy insurance or mitigate the risk.
What should the project manager do?

A. Accept the risk
B. Transfer the risk
C. Ignore the risk
D. Avoid the risk

Answer: A

Explanation:
Since the project manager cannot avoid, transfer, or mitigate the risk, the only remaining option is to accept the risk and develop a contingency plan to handle it if it occurs.
According to the PMI-RMP Exam Content Outline1, one of the tools and techniques for risk response planning is risk response strategies. These are the actions that the project manager and the project team take to address the identified risks, either positive or negative. For negative risks or threats, the PMI-RMP Exam Content Outline1 lists four possible strategies: avoid, transfer, mitigate, and accept.
* Avoid risk means changing the project plan to eliminate the threat or its impact2. For example, changing the scope, schedule, or budget to avoid a risk.
* Transfer risk means shifting the impact of a threat to a third party, such as a contractor, vendor, or insurer2. For example, buying insurance, outsourcing, or using performance bonds to transfer a risk.
* Mitigate risk means reducing the probability and/or impact of a threat2. For example, conducting more tests, adopting best practices, or providing training to mitigate a risk.
* Accept risk means acknowledging the existence of a threat and being willing to deal with its consequences2. For example, doing nothing, establishing a contingency reserve, or developing a contingency plan to accept a risk.
In this question, the project manager has determined that they cannot outsource work (transfer) nor eliminate the scope (avoid). They also discover that they cannot buy insurance (transfer) or mitigate the risk. Therefore, the only remaining option is to accept the risk. Accepting the risk does not mean ignoring the risk, but rather recognizing it and preparing for its potential occurrence and impact. Therefore, the best answer is D.
References: 1: PMI-RMP Exam Content Outline, page 9. 2: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 443.

NEW QUESTION # 91
The only output of the perform qualitative risk analysis are risk register updates. When the project manager updates the risk register he will need to include several pieces of information including all of the following except for which one?

A. Trends in qualitative risk analysis
B. Risk probability-impact matrix
C. Watchlist of low-priority risks
D. Risks grouped by categories

Answer: B

NEW QUESTION # 92
Holly is the project manager of the NHQ project for her company. Her project sponsor, Tracy, has requested that Thomas, the department manager, from the Risk Management Department, will work with Holly to determine the effectiveness of the risk responses. Tracy and Thomas are concerned that some of the risks within Holly's project may not be addressed to depth they would like. In this scenario, who is responsible for ensuring that risk audits are performed at an appropriate frequency throughout the project?

A. The project team
B. Thomas
C. Tracy
D. Holly

Answer: D

NEW QUESTION # 93
What risk identification technique allows participants to identify the project risks and to remain anonymous?

A. Influence diagrams
B. Surveys
C. Assumptions analysis
D. Delphi technique

Answer: D

NEW QUESTION # 94
......

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