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

PMI Risk Management Professional (PMI-RMP) Exam

Last Update Jun 20, 2024
Total Questions : 131

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Questions 4

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:

A.  

Adopt a predictive approach to manage the risks.

B.  

Adopt agile approaches to manage the risks.

C.  

Utilize proper documentation to help manage the risks.

D.  

Conduct weekly risk management meetings with all stakeholders.

Discussion 0
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Questions 5

Stakeholder deliverable reviews will start soon and additional work is expected to resolve any issues or required adjustments. Budget overruns during execution have put serious constraints on the remainder of the project's budget.

What should the project manager do next?

Options:

A.  

Request a budget relief using the management reserve.

B.  

Conduct a risk reassessment and reserve analysis.

C.  

Review the consequences of potential changes.

D.  

Coach stakeholders on risk identification practices.

Discussion 0
Questions 6

A risk manager for a financial organization is assigned to support a project team in developing a custom software solution to manage loans. Which document should the risk manager request first from the project sponsor to identify major risks?

Options:

A.  

Risk management plan

B.  

Clients' credit scores

C.  

Organization's mission and vision

D.  

Historical data from the credit portfolio

Discussion 0
Questions 7

A complex project that had hundreds of risks is almost done. The project manager is closing the risks as part of the closing process. One team member mentions that there are important documents to be updated.

Which document will need to be updated?

Options:

A.  

Lessons learned

B.  

Contingency register

C.  

Risk register

D.  

Issue log

Discussion 0

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