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PMI-RMP certification exam is an advanced-level exam that requires candidates to have a strong understanding of risk management concepts and techniques. PMI-RMP Exam consists of 170 multiple-choice questions, which must be completed within four hours. The questions are designed to test a candidate's knowledge in areas such as risk identification, risk assessment, risk response planning, and risk monitoring and control.

PMI Risk Management Professional Sample Questions (Q136-Q141):

NEW QUESTION # 136
The project risk manager for an environmental preservation project has started the process of monitoring and controlling risks, The project manager has asked the project team to document the results of this process.
How should this documentation be utilized in the future?

A. To hold those who created the risk accountable
B. To comply with the rules and regulations
C. To return the remaining amount of the contingency reserve
D. To ensure information is recorded for lessons learned

Answer: D

Explanation:
Documenting the results of the risk monitoring and controlling process is important for creating lessons learned. This helps future projects by providing a reference for risk management practices and experiences.
The documentation of the results of monitoring and controlling risks is a valuable source of information for lessons learned. Lessons learned are the documented information that reflects both the positive and negative experiences of a project. They represent the organization's commitment to project management excellence and the project manager's opportunity to learn from the actual experiences of others. By documenting the results of monitoring and controlling risks, the project team can capture the effectiveness of the risk responses, the changes in the risk exposure, the root causes of the risks, the best practices and the lessons learned for future projects. This documentation can help to improve the risk management process, enhance the project performance, and increase the organizational knowledge base. References: PMI Risk Management Professional (PMI-RMP) Examination Content Outline and Specifications1, page 10; A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, page 406; Lessons learned - PMI.

NEW QUESTION # 137
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. Use the information for a risk workshop.
B. Document the issues in the lessons learned.
C. Improve monitoring and controlling of activities.
D. Create an issue log to share with the team.

Answer: A

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 expertsto 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 (PMBOK® Guide) - Sixth Edition, page 4003: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, page 4564: A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Sixth Edition, page 1005: What Is an Issue Log? Templates & Tips6.

NEW QUESTION # 138
A risk manager is working on the risk management plan for a new digital platform and realizes the project sponsor, who is the IT manager, has not been invited to the project team meetings. The IT manager is concerned that the IT infrastructure is unable to host the new platform the team is creating. The risk manager asks the IT manager to be included in the meetings.
What should the IT manager's role be in the project team meetings?

A. The IT manager should be added as a project sponsor.
B. The IT manager should refine the project baseline plans.
C. The IT manager should lead the infrastructure execution.
D. The IT manager should be included as a risk owner.

Answer: D

Explanation:
A risk owner is the person assigned to manage, monitor, and report on a specific risk. When the IT manager has unique insight or control over risks associated with IT infrastructure, they should be formally assigned as a risk owner for those risks. The PMBOK Guide emphasizes:
"Risk owners are identified during the risk management planning process and should be engaged in relevant meetings and risk discussions. Assigning the IT manager as a risk owner ensures proper accountability for IT- related risks."
- PMBOK Guide, 6th Edition, Section 11.3.2.1 (Risk Register: Risk Owner) This promotes ownership, accountability, and effective risk management.
References:
PMBOK Guide, 6th Edition, Section 11.3.2.1
Practice Standard for Project Risk Management, PMI, Section 5.3

NEW QUESTION # 139
Ben is the project manager of the YHT Project for his company. Alice, one of his team members, is confused about when project risks will happen in the project. Which one of the following statements is the most accurate about when project risk happens?

A. Project risk is uncertain, so no one can predict when the event will happen.
B. Project risk is always in the future.
C. Project risk happens throughout the project execution.
D. Project risk can happen at any moment.

Answer: B

NEW QUESTION # 140
You are the project manager of your organization. Your organization will receive a bonus if the project finishes by December 20. Management has communicated this bonus to you and your project team and has asked you to evaluate the project to see if it is possible to realize the reward. The bonus offered to your organization is
$750,000. You have examined the project and believe that you can crash the project for an additional $275,000 and reach the December 20 date. Management is thrilled with your assessment and they approve the crash fee. What risk response is this?

A. Crashing can be a type of the exploit risk response.
B. Crashing can be considered transference because of the $275,000 is actually paid from the bonus, which is paid by the project customer.
C. Crashing is the addition of labor, not a risk response.
D. Crashing can be a type of the enhancing risk response.

Answer: D

NEW QUESTION # 141
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