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The Project Management Institute (PMI) Risk Management Professional (PMI-RMP) certification is designed to demonstrate an individual's expertise and competency in the area of risk management. It is a globally recognized certification that denotes an individual's ability to identify and assess project risks, create and implement risk mitigation strategies, monitor and control risks throughout the project lifecycle, and communicate effectively with stakeholders about project risks.

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Certification PMI-RMP Questions, PMI-RMP Reliable Test Book

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PMI-RMP certification is highly valued in the industry and can help professionals advance their careers in project management. It is recognized by leading organizations around the world and can open up new opportunities for individuals looking to pursue a career in risk management. With the PMI-RMP Certification, professionals can demonstrate their expertise in managing risks and increase their value to their organizations.

PMI Risk Management Professional Sample Questions (Q94-Q99):

NEW QUESTION # 94
A project manager for a predictive project just received a scope change request where additional development is required. What should the risk manager do to support the project manager with this scope change request?

A. Reassess the identified risks that impact the project scope.
B. Evaluate any new risks that are introduced due to the change in scope.
C. Update the risk management plan to reflect the scope change.
D. Update the risk register to identify, analyze, and plan a response for any new risk.

Answer: B

Explanation:
According to the PMBOKGuide, a scope change request is a formal proposal to modify any project document, deliverable, or baseline. It is an output of the Perform Integrated Change Control process, which is the process of reviewing all change requests, approving changes, and managing changes to the deliverables, organizational process assets, project documents, and the project management plan. A scope change request may introduce new risks or affect existing risks on the project, which may impact the project objectives, such as scope, schedule, cost, and quality.
The risk manager should support the project manager with the scope change request by evaluating any new risks that are introduced due to the change in scope. This is because the risk manager is responsible for planning, implementing, and monitoring the risk management activities on the project, as well as communicating and reporting the risk information to the project manager and other stakeholders. The risk manager should use the appropriate risk identification and analysis techniques, such as brainstorming, interviews, checklists, SWOT analysis, cause and effect diagrams, probability and impact assessment, etc., to identify and evaluate the new risks that may arise from the scope change. The risk manager should also document the new risks in the risk register, which is a project document that contains the details of all identified individual project risks and other relevant information.
The other options are not valid for what the risk manager should do to support the project manager with the scope change request:
* Update the risk management plan to reflect the scope change: This is not a valid option because the risk management plan is a component of the project management plan, which describes how risk management activities will be structured and performed on the project. It is an output of the Plan Risk Management process, which is the process of defining how to conduct risk management activities for a project. The risk management plan should not be updated to reflect the scope change, but rather to reflect any changes in the risk management approach, methodology, roles and responsibilities, budget, timing, risk categories, definitions, reporting formats, etc. The risk management plan should be updated only when there is a change in the risk management process, not in the project scope.
* Reassess the identified risks that impact the project scope: This is not a valid option because reassessing the identified risks that impact the project scope is part of the Monitor Risks process, which is the process of implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness throughout the project. The risk manager should not reassess the identified risks that impact the project scope before evaluating any new risks that are introduced due to the change in scope. The risk manager should first identify and analyze the new risks, and then reassess the existing risks to determine if they are still valid, relevant, and prioritized.
* Update the risk register to identify, analyze, and plan a response for any new risk: This is not a valid option because updating the risk register to identify, analyze, and plan a response for any new risk is a combination of several risk management processes, such as Identify Risks, Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and Plan Risk Responses. The risk manager should not update the risk register to identify, analyze, and plan a response for any new risk in one step, but rather follow the sequential and iterative risk management processes to ensure a comprehensive and consistent risk management approach. The risk manager should also coordinate and communicate with the project manager and other stakeholders when updating the risk register, as well as obtain their approval and input.
References: PMBOKGuide1, Risk Management Professional (PMI-RMP)Cert Guide1

NEW QUESTION # 95
You are the project manager of a large construction project. You are evaluating the strengths, weaknesses, opportunities, and threats involved in a project. In which of the following processes are you on?

A. Plan Risk Management
B. Define Scope
C. Plan Risk Responses
D. Identify Risks

Answer: D

NEW QUESTION # 96
As a result of the Control Risk process, the project manager updates the project risk documents using outcomes from which of the following?

A. Risk response strategies and risk analysis
B. Risk assessments and risk audits
C. Risk reserve analysis and risk thresholds
D. Risk reviews and risk register analysis

Answer: A

NEW QUESTION # 97
In what portion of a project are risk and opportunities greatest and require intense planning and anticipation of risk events?

A. Executing
B. Planning
C. Closing
D. Initiating

Answer: D

NEW QUESTION # 98
A project is in progress when the product team requests a change to the scope. The team indicates that this is a minimal change and should not create any problems.
What should the risk manager do next?

A. Add a new risk to the risk register.
B. Escalate the issue to management.
C. Update the work breakdown structure (WBS).
D. Analyze any potential impact.

Answer: D

Explanation:
Any change to project scope, regardless of perceived size, should trigger a risk analysis to determine potential impact. The PMBOK Guide states:
"When a change request is submitted, it should be evaluated for potential impact on project objectives, including risk. Analysis of impact is a best practice before implementing any change."
- PMBOK Guide, 6th Edition, Section 4.6.2 (Perform Integrated Change Control) This ensures that the team does not overlook risks associated with even "minimal" changes.
References:
PMI PMBOK Guide, 6th Edition, Section 4.6
Practice Standard for Project Risk Management, PMI, Section 5.5

NEW QUESTION # 99
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