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PMI PMI-RMP Exam Materials | PMI-RMP Valid Exam Sample

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PMI-RMP (PMI Risk Management Professional) Exam is a certification examination offered by the Project Management Institute (PMI) to assess and certify the knowledge and skills of professionals in the field of risk management. PMI Risk Management Professional certification is aimed at individuals who are responsible for identifying, assessing, and mitigating risks in their organizations or projects. It is designed to help these professionals improve their ability to identify and manage risks, as well as to enhance their overall project management skills.

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PMI Risk Management Professional Sample Questions (Q166-Q171):

NEW QUESTION # 166
The project manager asks the risk manager to determine the initial risk assessment for a six month initiative that is about to kick-off. Which two artifacts will help the risk manager conduct the related analysis? (Choose two.)

A. Project organizational chart
B. Configuration management plan
C. Monte Carlo analysis
D. Brainstorming
E. Work breakdown structure (W&S)

Answer: A,E

Explanation:
According to the PMBOK Guide, one of the tools and techniques for the identify risks process is data gathering. Data gathering is the process of collecting information from various sources to identify potential risks that may affect the project objectives. One of the data gathering techniques is document analysis, which involves reviewing and analyzing available project documents and other information sources to identify potential risks1.
Two of the artifacts that will help the risk manager conduct the initial risk assessment for a six month initiative are the work breakdown structure (WBS) and the project organizational chart. These are two of the project documents that can be analyzed for potential risks in the project.
* The work breakdown structure (WBS) is a hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables.
The WBS represents the work defined in the current approved project scope statement and provides the framework for detailed cost estimating, resource planning, and risk management. By reviewing the WBS, the risk manager can identify potential risks that are associated with each work package, deliverable, or scope element, such as technical complexity, quality requirements, dependencies, assumptions, constraints, and uncertainties1.
* The project organizational chart is a graphical representation of the project team members and their reporting relationships. The project organizational chart depicts the roles and responsibilities of the project team, as well as the communication channels and authority levels among the team members and other stakeholders. By reviewing the project organizational chart, the risk manager can identify potential risks that are related to the project team structure, such as resource availability, skill gaps, team dynamics, stakeholder expectations, and conflict resolution1.
Some of the other options are not relevant or appropriate for the question scenario:
* The configuration management plan is a component of the project management plan that describes how the project team will manage the configuration of the project's deliverables and documentation. The configuration management plan defines the processes, tools, and methods for identifying, controlling, tracking, and auditing the changes to the project's baselines. The configuration management plan is not an artifact that will help the risk manager conduct the initial risk assessment, as it does not provide information on the potential risks that may affect the project objectives or scope1.
* Brainstorming is a technique for the identify risks process that involves generating a list of potential risks through a group discussion. Brainstorming is not an artifact, but rather a tool and technique for identifying risks. Brainstorming can help the risk manager conduct the initial risk assessment, but only after reviewing and analyzing the available project documents and information sources1.
* Monte Carlo analysis is a technique for the perform quantitative risk analysis process that involves simulating the combined effect of individual project risks and other sources of uncertainty on the project objectives, such as cost or schedule. Monte Carlo analysis is not an artifact, but rather a tool and technique for analyzing risks. Monte Carlo analysis can help the risk manager conduct the initial risk assessment, but only after identifying and prioritizing the individual project risks and their probability and impact1.
References: PMBOK Guide, 6th edition, pages 397-399, 414-415, 431-432, 441-442, 156-157, 168-169, 89-
901; PMI-RMP Exam Content Outline, 2015, page 7.

NEW QUESTION # 167
A risk manager for a cross-functional project is initiating the risk identification process. The risk manager conducted some meetings for stakeholders to express their concerns, but some stakeholders are complaining that their opinions were not considered.
How should the risk manager address these concerns?

A. Rewrite the risk register to include the additional possible risks and inform the stakeholders.
B. Refer to the requirements documentation to confirm stakeholder requirements as they relate to risks.
C. Refer to the project charter to find guidelines and stakeholder communication channels.
D. Review the stakeholder register and stakeholder engagement plan to communicate and solicit stakeholder input.

Answer: D

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 review the stakeholder register and stakeholder engagement plan to communicate and solicit stakeholder input on risks throughout the project life cycle1. The stakeholder register is a project document that identifies the project stakeholders, their roles, interests, expectations, influence, and communication requirements2. The stakeholder engagement plan is a component of the project management plan that describes the strategies and actions to promote productive involvement of stakeholders in project decision making and execution3. In this scenario, the risk manager should review these documents to address the concerns of some stakeholders who are complaining that their opinions were not considered in the risk identification process. The risk manager should communicate with the stakeholders according to their preferences and needs, and solicit their input on the project risks using various tools and techniques, such as interviews, surveys, brainstorming, etc. The risk manager should also update the stakeholder register and stakeholder engagement plan as needed to reflect any changes in the stakeholder community or their expectations. The risk manager should not refer to the requirements documentation to confirm stakeholder requirements as they relate to risks, because that is not a direct way to address the stakeholders' concerns, and it may not capture all the potential risks that the stakeholders may identify4. The risk manager should not refer to the project charter to find guidelines and stakeholder communication channels, because the project charter is a high-level document that does not provide detailed information on how to communicate and engage with the stakeholders5. The risk manager should not rewrite the risk register to include the additional possible risks and inform the stakeholders, because that is a premature and presumptuous action that may not reflect the actual views and inputs of the stakeholders, and it may create more confusion and dissatisfaction among them6. References: 1: PMI Risk Management Professional (PMI-RMP)®Examination Content Outline, page 82: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 5133: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 5184: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 1525: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 776: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 414.

NEW QUESTION # 168
Which of the following processes looks at the complex web of actors, rules, conventions, processes, and mechanisms concerned with how relevant risk information is collected, analyzed and communicated, and how management decisions are taken?

A. IRGC
B. Risk Governance
C. Risk Communication
D. Risk Response Planning

Answer: B

NEW QUESTION # 169
While developing a risk management plan for a complex program in a metricized environment, a program management team is itemizing a response plan for each identified risk that appears in the risk register. What should the risk manager do to effectively monitor the risks?

A. Allow the most experienced program manager to handle the most critical program risks.
B. Determine the workarounds for the program risks and allocate responsibilities to the team.
C. Encourage the program team to assume risk ownership prior to delegation.
D. Present the complicated nature of the program risk responses to the sponsor for proper advice.

Answer: C

NEW QUESTION # 170
During which of the following processes, probability and impact matrix is prepared?

A. Monitoring and Control Risks
B. Perform Quantitative Risk Analysis
C. Plan Risk Responses
D. Perform Qualitative Risk Analysis

Answer: D

Explanation:
Explanation/Reference:

NEW QUESTION # 171
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