PMI Risk Management Professional PMI-RMP Study Material

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Share some PMI Certification PMI-RMP exam questions and answers below.
The project risk manager on a large firm fixed priced (FFP) contract has an up-to-date risk register with accurate and detailed information. What should the project risk manager do next?
A.Recommend the removal of risks to the project manager to reduce project risk exposure.
B.Advise the client that the project has exhausted contingency.
C.Quantify the risk exposure that exceeds project contingency.
D.Generate reports to assess and communicate the project risk level.
Answer: D

A risk manager documents the causes in the risk register and needs to ensure the risk is adequately described. What is critical for the risk manager to consider when describing the causes?
A.Each cause has a degree of uncertainty
B.Each cause has well defined owner
C.The causes represent actual conditions
D.The causes must be validated by the risk owner
Answer: C

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?
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.
Answer: B

A new risk manager is assigned to an ongoing project, what should the new risk manager dofirst to assess the project environment?
A.Review potential next steps with the project team.
B.Review the scope of work to determine the prescribed project methodology.
C.Review the policies and practices that are outlined in the risk management plan.
D.Review the contract and determine the resources and project funding.
Answer: C

A project manager has finished the project charter for a project and has now moved into the planning phase. In the first planning meeting, the project manager is trying to determine the risk tolerance and risk attitudes of the project's key stakeholders.
What is the first resource the project manager should reference?
A.Benefits management plan
B.Enterprise environmental factors (EEFs)
C.Project charter
D.Requirements management plan
Answer: B

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