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PMI PMI-RMP Practice Exams for Thorough Preparation

Nowadays, the certification has been one of the criteria for many companies to recruit employees. And in order to obtain the PMI-RMP certification, taking the PMI-RMP exam becomes essential. Although everyone hopes to pass the exam, the difficulties in preparing for it should not be overlooked. There are plenty of people who took a lot of energy and time but finally failed to pass. You really need our PMI-RMP practice materials which can work as the pass guarantee.

PMI-RMP or PMI Risk Management Professional is a prestigious certification offered by the Project Management Institute (PMI). PMI Risk Management Professional certification program is specifically designed for professionals who are involved in risk management at the project level. The PMI-RMP certification validates the skills and knowledge of individuals in identifying, assessing, and mitigating risks in project management.

PMI-RMP exam is a rigorous, four-hour exam that tests an individual's knowledge and skills in risk management. PMI-RMP Exam consists of 170 multiple-choice questions that cover five domains of risk management: risk strategy and planning, stakeholder engagement, risk process facilitation, risk monitoring and reporting, and performing specialized risk analysis. The PMI-RMP exam is designed to test an individual's ability to identify, analyze, and respond to risk in a project or organizational context.

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PMI Risk Management Professional Sample Questions (Q107-Q112):

NEW QUESTION # 107
The project team is updating the risk register with the minimum acceptable level of exposure and impact for each risk. The team also wants to determine if they have reached the maximum level of exposure before they escalate the risk.
What should the team perform in this scenario?

A. Monitor and control risks
B. Risk urgency assessment
C. Quantitative risk analysis
D. Risk response planning

Answer: C

Explanation:
Quantitative risk analysis helps determine the minimum acceptable level of exposure and impact for each risk.
It also helps to understand if the maximum level of exposure has been reached before escalating the risk.
(Reference: PMBOK Guide, 6th Edition, p. 423)
The team should perform quantitative risk analysis, which is the process of numerically analyzing the effect of identified risks on overall project objectives. Quantitative risk analysis can help the team to establish the minimum acceptable level of exposure and impact for each risk, as well as the maximum level of exposure before escalation. Quantitative risk analysis can also provide probabilistic estimates of project outcomes, such as cost and schedule, and support risk prioritization and decision making. References: PMI, A Guide to the Project Management Body of Knowledge (PMBOK Guide), Sixth Edition, 2017, p. 399; PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, 2019, p. 69.

NEW QUESTION # 108
You work as a project manager for SoftTech Inc. You are working with the project stakeholders to begin the qualitative risk analysis process. You will need all of the following as inputs to the qualitative risk analysis process except for which one?

A. Stakeholder register
B. Risk management plan
C. Risk register
D. Project scope statement

Answer: A

NEW QUESTION # 109
Several key stakeholders approach the project manager with concerns. The stakeholders have received feedback from local businesses that have reported a reduction in customers because of construction activities at the worksite, and they plan to submit a claim to the municipality to fine the project manager's company.
How should the project manager address this concern?

A. Evaluate the risk with the team and update the issueing
B. Update the key risks and perform a quantitative risk analysis.
C. Discuss the concern with the local business owners.
D. Adjust construction work hours to after business hours.

Answer: A

Explanation:
The project manager should evaluate the risk with the team and update the issueing to address the concerns of the stakeholders and local businesses.
This concern is a potential risk that could affect the project's reputation, stakeholder satisfaction, and profitability. The project manager should evaluate the risk with the team and update the issue log, which is a tool for documenting and monitoring the resolution of issues that arise during the project. The issue log should include information such as the issue description, the priority, the owner, the status, and the actions taken. The project manager should also communicate with the stakeholders and the local businesses to address their concerns and seek a mutually beneficial solution. The project manager should not ignore the concern, as it could escalate into a bigger problem. The project manager should not discuss the concern with the local business owners alone, as this could bypass the stakeholders and create more conflicts. The project manager should not update the key risks and perform a quantitative risk analysis, as this is a time-consuming and complex process that may not be necessary for this type of risk. The project manager should not adjust the construction work hours to after business hours, as this could incur additional costs, disrupt the project schedule, and affect the workers' safety and productivity. References: PMI, 2017. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition. Newtown Square, PA: Project Management Institute, Inc., pp. 115-116, 408-4091

NEW QUESTION # 110
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. The availability of the individual
B. Assessing the overall status of risks in the project
C. Assessment or risk
D. Review of risk responses

Answer: A

NEW QUESTION # 111
Your organization has a project that is expected to last 20 months but the customer would really like the project completed in 18 months. You have worked on similar projects in the past and believe that you could fast track the project and reach the 18 month deadline. What increases when you fast track a project?

A. Communication
B. Costs
C. Risks
D. Resources

Answer: C

NEW QUESTION # 112
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