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PMI Certification PMI Risk Management Professional (PMI-RMP) Exam

PMI Risk Management Professional (PMI-RMP) Exam

Last Update Nov 22, 2024
Total Questions : 131

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Questions 2

A risk manager is managing risks in a project. During the initial stages of project execution, a new risk is identified. There is a very small chance that this risk will occur and even if it occurs, the impact would be low.

What should the risk manager do with this risk?

Options:

Put the risk on the watch list.

Seek guidance from subject matter experts (SMEs).

Ignore this risk as it is not critical.

Inform the stakeholders about this risk.

Discussion 0

Questions 3

During a risk reassessment workshop with the project team and some external stakeholders, two key external stakeholders are overemphasizing the impact of a few project risks. This has led to a conflict.

How should the risk manager handle this situation?

Options:

Request for a skilled facilitator to help resolve conflicts that have arise.

Refer to the team’s ground rules on how to resolve conflicts.

Run a sensitivity analysis to check which risks have the most impact.

Use the assumption analysis techniques to validate the assumptions.

Discussion 0

Questions 4

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?

Options:

Quantitative risk analysis

Risk response planning

Monitor and control risks

Risk urgency assessment

Discussion 0

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Questions 5

A company in the mining industry accommodates a lot of innovation and changing work conditions. Because of this, the company experiences difficulty in predicting long term business plans.

How should a professional risk manager manage the risks in such situations?

Options:

Adopt a predictive approach to manage the risks.

Adopt agile approaches to manage the risks.

Utilize proper documentation to help manage the risks.

Conduct weekly risk management meetings with all stakeholders.

Discussion 0

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