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PMI Risk Management Professional (PMI-RMP) credential is an esteemed certification offered by the Project Management Institute (PMI). PMI Risk Management Professional certification is designed for professionals who specialize in risk management and aim to enhance their expertise in identifying, assessing, and mitigating risks in projects. PMI-RMP certification is globally recognized and valued by organizations across industries as a mark of excellence in risk management.
PMI-RMP Certification Exam is a rigorous test consisting of 170 multiple-choice questions that must be completed within 3.5 hours. PMI-RMP Exam covers five domains of risk management, including risk strategy and planning, stakeholder engagement, risk process facilitation, risk monitoring and reporting, and performing specialized risk analysis. Candidates who successfully pass the exam can earn the PMI-RMP certification, which is valid for three years and requires ongoing professional development to maintain.
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PMI Risk Management Professional Sample Questions (Q39-Q44):NEW QUESTION # 39
You are the project manager for your organization and you are working with Thomas, a project team member. You and Thomas have been working on a specific risk response for a probable risk event in the project. Thomas is empowered with a risk response and will control all aspects of the identified risk response in which a particular risk event will happen within the project. What title, in regard to risk, is bestowed on Thomas?
- A. Risk owner
- B. Risk coordinator
- C. Risk expeditor
- D. Risk team leader
Answer: A
NEW QUESTION # 40
What is an example of legal and regulatory requirements and/or constraints when assessing a project environment for threats and opportunities?
- A. Confidentiality of project information
- B. Organizational communication requirements
- C. Organizational standard policies, processes, and procedures
- D. Formal knowledge sharing and information sharing procedures
Answer: A
Explanation:
Legal and regulatory requirements and constraints when assessing a project environment for threats and opportunities may include ensuring the confidentiality of project information, as this is often governed by laws and regulations.
Legal and regulatory requirements and/or constraints are external factors that can affect the project environment and influence the risk management process. They may include laws, regulations, standards, codes, permits, licenses, contracts, or agreements that the project must comply with or adhere to.
Confidentiality of project information is an example of such a requirement or constraint, as it may limit the disclosure, sharing, or access of project data, documents, or reports to authorized parties only. Violating confidentiality may result in legal actions, penalties, or reputational damage for the project and the organization. Therefore, the project manager and the risk management team must identify and comply with the confidentiality requirements and/or constraints when assessing the project environment for threats and opportunities. References: PMI, 2019. Practice Standard for Project Risk Management. Newtown Square, PA: Project Management Institute, Inc., p. 181
NEW QUESTION # 41
There is a debate within the organization on whether projects need to be agile or waterfall. Some agile terms and principles are understood differently by the key stakeholders, and this delays the decision-making process.
- A. Organize training sessions to create awareness around the agile values for stakeholders.
- B. Recommend an external facilitator as no one in the organization is able to eliminate this roadblock.
- C. Facilitate a face-to-face discussion and have stakeholders agree to shift to agile for future projects.
- D. Allow stakeholders to discuss without the scrum master's intervention.
Answer: A
Explanation:
Comprehensive and Detailed In-Depth Explanation:
When there is confusion among stakeholders regarding agile concepts, the best course of action is to provide training to ensure all stakeholders have a common understanding of agile principles and terminology.
Option A: Organize training sessions to create awareness around the agile values for stakeholders (Correct Answer).
Training sessions help bridge knowledge gaps by ensuring that stakeholders understand agile principles, frameworks (Scrum, Kanban, XP), and terminology.
The PMI-RMP Guide highlights that effective stakeholder engagement requires education and alignment on risk management strategies, which applies here as well (PMI Risk Management in Portfolios, Programs, and Projects - A Practice Guide, 2022, p. 78).
Educating stakeholders reduces resistance to change and promotes informed decision-making.
PMI's Agile Practice Guide emphasizes that "a shared understanding of agile principles across all levels of an organization increases agility and reduces friction during decision-making" (PMI & Agile Alliance, 2017, p.
44).
Option B: Facilitate a face-to-face discussion and have stakeholders agree to shift to agile for future projects (Incorrect).
Forcing a decision before stakeholders fully understand agile methodologies could lead to resistance and ineffective implementation.
The decision should be based on business needs rather than prematurely committing to agile.
Option C: Recommend an external facilitator as no one in the organization is able to eliminate this roadblock (Incorrect).
While an external facilitator can help in some situations, the Scrum Master is already responsible for coaching the organization on Scrum and Agile methodologies (Scrum Guide, 2020).
The Scrum Master should take the lead in educating stakeholders before escalating the issue externally.
Option D: Allow stakeholders to discuss without the Scrum Master's intervention (Incorrect).
Without proper guidance, discussions could lead to further misinterpretations and delays.
The Scrum Master is responsible for educating and guiding stakeholders in understanding agile (Scrum Guide, 2020).
Final Verdict:
The correct answer is A (Organize training sessions to create awareness around agile values for stakeholders) because training ensures a common understanding, reduces resistance, and promotes effective decision- making.
References:
PMI. Agile Practice Guide (2017). PMI & Agile Alliance.
PMI. Risk Management in Portfolios, Programs, and Projects - A Practice Guide (2022).
Scrum.org. The Scrum Guide (2020).
NEW QUESTION # 42
You are the project manager of a large construction project. This project will last for 18 months and will cost
$750,000 to complete. You are working with your project team, experts, and stakeholders to identify risks within the project before the project work begins. Management wants to know why you have scheduled so many risk identification meetings throughout the project rather than just initially during the project planning. What is the best reason for the duplicate risk identification sessions?
- A. The iterative meetings allow the project manager to discuss the risk events which have passed the project and which did not happen.
- B. The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.
- C. The iterative meetings allow all stakeholders to participate in the risk identification processes throughout the project phases.
- D. The iterative meetings allow the project manager to communicate pending risks events during project execution.
Answer: B
NEW QUESTION # 43
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. Define Scope
- B. Plan Risk Responses
- C. Identify Risks
- D. Plan Risk Management
Answer: C
Explanation:
Explanation
NEW QUESTION # 44
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