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Difficulty in writing PMI-RMP Exam
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The potential candidates should know what to expect from the test before they start their preparation phase. That is why they have to observe all the topics of the PMI-RMP exam. All in all, the domains of this certification test are highlighted as follows:
Risk Planning and Strategy (19-20%)
- Developing the risk assessment tools & processes that measure risk tolerances of a stakeholder to estimate and define the risk minimum for the project as well as determine the standards for risk levels;
- Developing and recommending the project risk strategy according to the project objectives to set the sketch for the risk management plan;
- Producing the risk management plan for the project based on data, such as industry policies and procedures, project information, stakeholder data, and external factors to determine, fund, and staff practical risk management processes for the project that adjust with different project plans;
- Establishing the evaluation standards for the risk management processes according to the project objectives and baselines to measure the capability of the project risk process.
- Updating the risk procedures and policies utilizing information to improve the risk management effectiveness;
What is the duration of the PMI-RMP Exam
- Format: Multiple choices, multiple answers
- Number of Questions: 170
- Length of Examination: 3.5 hours
PMI PMI-RMP Exam Overview:
| Certification Vendor: | PMI (Project Management Institute) |
|---|---|
| Exam Name: | PMI Risk Management Professional (PMI-RMP) Examination |
| Exam Number: | PMI-RMP |
| Certificate Validity Period: | 3 years |
| Available Languages: | English |
| Exam Price: | USD 520 (non-member), USD 420 (PMI member) - subject to regional variation |
| Exam Format: | Multiple Choice, Matching, Drag and Drop, Multiple Response, Hotspot |
| Passing Score: | Not disclosed (determined by psychometric analysis) |
| Related Certifications: | PMI Program Management Professional (PgMP) PMI Project Management Professional (PMP) |
| Exam Duration: | 150 minutes |
| Real Exam Qty: | 115 |
| Recommended Training: | PMI-RMP Exam Prep Resources PMI Authorized Training Partners (ATP) |
| Exam Registration: | Pearson VUE Scheduling PMI Certification Portal |
| Sample Questions: | PMI PMI-RMP Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE (online proctored or test center) |
| Pre Condition: | Secondary degree (high school diploma, associate degree or global equivalent) + 36 months of project risk management experience within last 5 years OR four-year degree + 24 months of project risk management experience within last 5 years |
| Official Syllabus URL: | https://www.pmi.org/certifications/risk-management-rmp |
How to study the PMI-RMP Exam
There are two main types of resources for preparation of certification exams first there are the study guides and the books that are detailed and suitable for building knowledge from ground up then there are video tutorial and lectures that can somehow ease the pain of through study and are comparatively less boring for some candidates yet these demand time and concentration from the learner. Smart Candidates who want to build a solid foundation in all exam topics and related technologies usually combine video lectures with study guides to reap the benefits of both but there is one crucial preparation tool as often overlooked by most candidates the practice exams. Practice exams are built to make students comfortable with the real exam environment. Statistics have shown that most students fail not due to that preparation but due to exam anxiety the fear of the unknown. TopExamCollection expert team recommends you to prepare some notes on these topics along with it don't forget to practice PMI PMI-RMP exam dumps which been written by our expert team, Both these will help you a lot to clear this exam with good marks.
Reference: https://www.pmi.org/certifications/risk-management-rmp
PMI PMI-RMP Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Monitoring and Control | - Risk Audits and Reviews - Risk Reporting and Communication |
| Topic 2: Risk Response Planning | - Threat Response Strategies - Opportunity Response Strategies |
| Topic 3: Risk Analysis | - Quantitative Risk Analysis - Qualitative Risk Analysis |
| Topic 4: Risk Identification | - Overall Project Risk Identification - Identifying Individual Risks |
| Topic 5: Risk Strategy and Planning | - Stakeholder Engagement in Risk - Risk Management Planning |
PMI Risk Management Professional Sample Questions:
A project manager is working on a construction project. Based on past experience, the project manager identifies a risk that a supplier of a critical material may not deliver on time. The project manager has already accounted for this risk in the risk management plan. If this risk materializes, the project manager plans to procure the material from a different supplier. A potential risk in this plan is that there may be differences in the material provided by the first and second supplier.
What type of risk is this?
- A. Residual risk
- B. Primary risk
- C. Normal risk
- D. Secondary risk
Correct Answer: D 🗳️
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The project manager is reviewing the lessons learned from a previous similar project. The previous project was delayed due to the delay in delivery of a gas turbine generator (GTG). Construction of the previous project had to be shut down unexpectedly to wait for the late delivery of the GTG.
What should the project manager do first?
- A. Include the risk in the register and communicate with the stakeholders.
- B. Communicate with the client to provide the previous shutdown plan.
- C. Interview the other project manager to learn more details.
- D. Review and update the project schedule.
Correct Answer: D 🗳️
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A new risk manager is assigned to an ongoing project, what should the new risk manager do first to assess the project environment?
- A. Review the scope of work to determine the prescribed project methodology.
- B. Review the contract and determine the resources and project funding.
- C. Review the policies and practices that are outlined in the risk management plan.
- D. Review potential next steps with the project team.
Correct Answer: C 🗳️
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An organization is executing a business transformation project with stakeholders from multiple departments.
The risk manager regularly monitors and reports project risks. However, stakeholders apply different interpretations to risk levels such as "critical," "moderate," and "acceptable," resulting in an inconsistent understanding of risk severity and confusion.
What should the risk manager do?
- A. Allow stakeholders in each department to apply their own interpretation of risk severity to reflect functional priorities.
- B. Increase the frequency and level of detail in risk reports so stakeholders can better understand the risk information.
- C. Convert frequently debated risks into issues to eliminate ambiguity in risk classification among stakeholders.
- D. Establish and communicate common risk thresholds and definitions for risk levels to align risk reporting.
Correct Answer: D 🗳️
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A global systems-implementation project is midway through execution. The risk manager is preparing a report for the next leadership meeting. Several new risks have been identified, some planned mitigation actions succeeded, and several actions required adjustment. Stakeholders have different concerns and areas of interest regarding the project ' s risk profile.
How should the risk manager customize the report?
- A. Exclude risks that do not currently have a mitigation strategy.
- B. Focus on high-priority risks and the associated actions in the risk-response plan.
- C. Include detailed data about every risk ' s impact.
- D. Analyze only the risks in the risk-response plan using quantitative data.
Correct Answer: B 🗳️
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