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Quiz 2025 PMI PMI-RMP: PMI Risk Management Professional Newest Practice Mock

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The Project Management Institute (PMI) is a renowned professional organization that offers a wide range of certifications for professionals in the field of project management. One of the most sought-after certifications offered by PMI is the PMI Risk Management Professional (PMI-RMP). PMI Risk Management Professional certification is specifically designed for individuals who are involved in risk management activities within their organizations.

PMI-RMP certification exam is designed to test the knowledge and skills of candidates in the area of risk management. PMI-RMP Exam consists of 170 multiple-choice questions that are divided into five domains. These domains are risk strategy and planning, stakeholder engagement, risk process facilitation, risk monitoring and reporting, and performing specialized risk analysis. PMI-RMP exam is designed to test the candidate's ability to apply risk management concepts and techniques in real-world situations.

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PMI Risk Management Professional Sample Questions (Q40-Q45):

NEW QUESTION # 40
A risk manager and project team are managing a software system project, which is expected to be completed within 12 months. The project is currently halfway through, and the team has just delivered the second version of the prototype. During the weekly status meeting, a team member reported that an important stakeholder is facing an issue, which will likely result in a change request that is outside the scope of the current prototype.
What should the risk manager advise the team to do first?

• A. Mitigate the risk by asking the team member to gather more information.
• B. Add the risk to the issue log and revisit it when there is more information.
• C. Add the risk to the risk register and gather information about its probability and impact.
• D. Arrange a meeting with the stakeholder to discuss the risk and information.

Answer: C

 

NEW QUESTION # 41
Sensitivity analysis is a technique for systematically changing parameters in a model to determine the effects of such changes and is useful for computer modelers for a range of purposes. Which of the following purposes does the sensitivity analysis include? Each correct answer represents a complete solution. Choose all that apply.

• A. Model development
• B. Estimating the average outcome
• C. Increased understanding or quantification of the system
• D. Decision making or the development of recommendations for decision makers

Answer: A,C,D

 

NEW QUESTION # 42
A project manager is working on a complex construction project. During the risk identification process, hundreds of risks were identified. The team seems to be confused regarding on which risks to focus. The project manager advises the team to go ahead and start assessing the likelihood and impact of each risk.
What process is this part of?

• A. Perform Qualitative Risk Analysis
• B. Monitor and Control Risk
• C. Plan Risk Management
• D. Perform Quantitative Risk Analysis

Answer: A

Explanation:
Explanation
The process of assessing the likelihood and impact of each identified risk is part of the Perform Qualitative Risk Analysis process. This process helps prioritize risks based on their probability and impact, allowing the project team to focus on the most significant risks. By doing so, the project manager and team can allocate resources and effort to address the risks that pose the greatest threat or opportunity to the project.
The process of assessing the likelihood and impact of each risk is part of the Perform Qualitative Risk Analysis process, which is the process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics. This process helps the project manager and the team to focus on the high-priority risks that have the most influence on achieving the project objectives. The other processes are not relevant to the question scenario. Plan Risk Management is the process of defining how to conduct risk management activities for a project. Perform Quantitative Risk Analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. Monitor and Control Risk 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. References: PMI Risk Management Professional (PMI-RMP) Examination Content Outline and Specifications, page 71. A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, pages 397-3982.

 

NEW QUESTION # 43
A critical piece of equipment broke during a project execution phase. The risk manager notices this risk in the risk register, and the response is to rent equipment until the critical piece is repaired.
What type of risk response is this?

• A. Avoid
• B. Mitigate
• C. Accept
• D. Transfer

Answer: B

 

NEW QUESTION # 44
Some issues and unexpected results were found after completing the first phase of a project. The project team is planning the next phase and team members want to avoid the previous issues.
What should the risk manager do to avoid the previous issues?

• A. Improve monitoring and controlling of activities.
• B. Create an issue log to share with the team.
• C. Document the issues in the lessons learned.
• D. Use the information for a risk workshop.

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 use the information from project documents, lessons learned, and other sources to facilitate the risk identification process1. A risk workshop is a tool and technique for risk identification that involves bringing together the project team, stakeholders, subject matter experts, and risk management experts to identify and analyze the project risks in a structured and collaborative manner2. In this scenario, the risk manager should use the information from the issues and unexpected results found in the first phase of the project for a risk workshop, to avoid the previous issues in the next phase. The risk workshop will help the risk manager and the project team to identify the root causes of the issues, assess their probability and impact, and develop appropriate risk responses. The risk workshop will also enable the risk manager to update the risk register and the risk report with the new information and communicate the risk status to the relevant stakeholders. The risk manager should not improve monitoring and controlling of activities, because that is not a specific action to avoid the previous issues, but rather a general practice that should be done throughout the project life cycle3. The risk manager should not document the issues in the lessons learned, because that is not enough to avoid the previous issues, but rather a way to capture and share the knowledge gained from the project for future reference4. The risk manager should not create an issue log to share with the team, because that is not a proactive risk management technique, but rather a reactive way to track and resolve the issues that have already occurred5. 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 4003: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 4564: A Guide to the Project Management Body of Knowledge (PMBOKGuide) - Sixth Edition, page 1005: What Is an Issue Log? Templates & Tips6.

 

NEW QUESTION # 45
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