2025 Best PMI-RMP Exam Preparation Material with New Dumps Questions [Q37-Q58]

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2025 Best PMI-RMP Exam Preparation Material with New Dumps Questions

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The Project Management Institute (PMI) Risk Management Professional (PMI-RMP) certification is a globally recognized and highly respected designation for professionals in the field of risk management. The PMI-RMP certification is designed for individuals who want to demonstrate their expertise in identifying, assessing, and mitigating project risks. PMI Risk Management Professional certification is ideal for project managers, risk managers, and other professionals who are responsible for managing risk in their organizations.

NEW QUESTION 37
A risk manager creates a survey for project stakeholders to obtain their opinions on high levels of risk. Key questions in the survey address acceptable levels of cost increases and schedule delays.
What is the risk manager trying to determine?

Risk urgency

Risk exposure

Risk threshold

Risk attitude

NEW QUESTION 38
A project team identifies that there is a probability of missing a key milestone in a project. The team wants to move forward with the risk response planning.
What should the risk manager complete first?

The risk categorization

The risk simulation

The full risk description

The risk response plan

NEW QUESTION 39
You are interviewing members of a project team to test their understanding of the assigned risk responses as risk owners. You and the project manager are working together to evaluate the risk responses to determine their effectiveness in the project. What project management technique are you performing with the project manager in this scenario?

Risk audits

Stakeholder analysis as the project team is a stakeholder

Risk identification with the project team

Risk analysis

NEW QUESTION 40
When processing freight invoices for a project, the project manager notices the shipping costs exceeded the budget due to increased fuel costs. The risk manager included this risk in the project’s contingency allowance. When reviewing the project budget execution reports, the project manager notices unused budget remaining in other closed tasks of the project that could cover the additional shipping costs.
What should the project manager do?

Process the freight invoices at higher shipping costs against the project’s contingency allowance.

Request a formal change order from the customer to increase the project’s total budget.

Process the freight invoices for the budgeted amount and hope the shipping company will forgive the difference.

Ask the project sponsor to cover the additional shipping costs on the company’s reserves account.

NEW QUESTION 41
Melody is the project manager for her organization. She has created a risk response to conduct more tests on the software her project is creating. The identified risk that prompted this response was that the software is mission-critical and must be flawless before it can be put into product.
What type of a risk response has Melody used in this scenario?

Mitigation

Enhance

Transference

Avoidance

NEW QUESTION 42
A project is at the final development stage. The test lead informs the risk manager that a key feature may not be testable due to changes in the environment What should the risk manager do?

Confirm the risk triggers are still valid.

Ask the architect to develop acceptance criteria.

Review the feature with the project team.

Escalate the issue to the project board.

NEW QUESTION 43
Linda is the project manager of the NAB Project. One of the risks her project team has identified is too dangerous for the project team to manage internally so she has hired a vendor to complete this portion of the project and to manage the identified risk. What risk response has Linda used in this instance?

Transference

Avoidance

Contractual

Mitigation

NEW QUESTION 44
The project team has correctly identified, assessed, and planned responses for a project’s risks. The risk manager is required to prepare a quarterly report on the performance of managing the risks.
What are two options the risk manager should consult for the analysis? (Choose two.)

Proximity dales for open risks

Backlog of change orders to be submitted to client

Risks that have materialized and the overall risk profile

Number of schedule baseline changes approved

Risks due to the number of claims submitted to the client

NEW QUESTION 45
Don has hired Jerry, a contractor, to complete a portion of his project work. The contract used was a cost-plus contract. If Don were to perform a risk audit, who would carry the risk in this scenario?

Don would because he is the project manager.

Jerry would because of the contract type.

Don would because of the contract type.

Jerry would because he is the hired contractor.

NEW QUESTION 46
You are the project manager of the GGK project for your company. The GGK project has a budget of
$1,265,100 and is currently 40 percent complete. In this project, you elected to add labor to the project to increase the likelihood of completing the project early as the project was only scheduled to be 35 percent complete at this time. This positive risk response, while keeping the project ahead of schedule, has added significant costs to the project. You have already spent $575,000 to reach this point in the project. Management would like to know what your cost performance index and the schedule performance index is for this project.
What are these values?

The CPI is -$68,960 and the SPI is $63,255.

The CPI is .88 and the SPI is zero.

The CPI is .88 and the SPI is 1.14.

The CPI is 1.14 and the SPI is .88.

NEW QUESTION 47
In addition to monitoring and controlling the project risks for their status and information the risk monitoring and controlling process accomplishes four key things for a project. Which one of the following is NOT a determination that is made by the risk monitoring and controlling process?

Determines if the project assumptions are still valid

Determines if the risk management policies and procedures are being followed

Determines if the risk contingency reserves should be modified to be in alignment with the current risk assessment

Determines if the project constraints are still valid

NEW QUESTION 48
A project manager is working on a high priority and high profile project. The project team had identified three opportunities, and after analysis, risk responses were recorded. Although risk responses were adequate for the identified opportunities, two of those opportunities were not acted upon. During the risk audit, the project manager found out that several of the planned risk responses were not implemented.
What should the project manager have done to avoid this?

Provided regular training to the risk owners for plan implementation

Determined risk triggers and thresholds in the risk response plan

Increased communications to influence stakeholder risk responses

Updated the project schedule, adding risk owner implementation tasks.

NEW QUESTION 49
What is an example of legal and regulatory requirements and/or constraints when assessing a project environment for threats and opportunities?

Organizational communication requirements

Organizational standard policies, processes, and procedures

Formal knowledge sharing and information sharing procedures

Confidentiality of project information

NEW QUESTION 50
Mary is the project manager of PKT project. In Mary’s project there are certain enterprise environmental factors that require Mary to use modeling and simulation techniques to predict the likelihood of achieving cost and schedule objectives in the project. Mary is using a technique for which the cost estimates are chosen at random for each iteration of the analysis, such as pessimistic, most likely, and worst-case scenarios. What type of analysis is Mary using in this project?

Quantitative analysis

Qualitative analysis

Risk distribution

Monte Carlo Analysis

NEW QUESTION 51
You are the project manager of the HJK Project for your organization. You and the project team have created risk responses for many of the risk events in the project. Where should you document the proposed responses and the current status of all identified risks?

Stakeholder management strategy

Risk management plan

Risk register

Lessons learned documentation

NEW QUESTION 52
Which of the following should multicultural groups be aware of on a project relative to risk?

Problematic risk management practice

Multicultural beta risk management software

Differences regarding risk attitudes and emotional literacy

“Parent-child” risk relationships

NEW QUESTION 53
A home solar panel project has many internal and external stakeholders including households, businesses, community groups, electric utility companies, local government officials, landlords, and investors. What should the project manager do when engaging stakeholders?

Include all stakeholders in the project’s governance.

Communicate response strategies to all stakeholders.

Ignore any risks beyond stakeholders’ tolerance.

Consider stakeholders’ positions and opinions regarding the project’s output.

Explanation
The project manager should consider stakeholders’ positions and opinions regarding the project’s output when engaging stakeholders. This approach helps to address stakeholders’ concerns, expectations, and potential objections, and it can lead to better decision-making and more successful project outcomes. It is important for the project manager to maintain open communication with stakeholders and to be responsive to their needs and perspectives.
According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline, one of the tasks under the domain of stakeholder engagement is to “engage stakeholders by communicating with them to understand their positions and opinions regarding the project’s output, and to ensure that their interests are considered in the risk management process” (Task 1.3). This implies that the project manager should consider stakeholders’ perspectives and expectations when engaging them, and not ignore, exclude, or impose on them.
Therefore, option D is the correct answer.
Option A is incorrect because not all stakeholders need to be involved in the project’s governance, which is the set of policies, processes, and procedures that define how the project is managed and controlled. The project’s governance should be determined by the project sponsor and the project management office (PMO), and only include those stakeholders who have authority and responsibility for the project’s success.
Option B is incorrect because communicating response strategies to all stakeholders is not a stakeholder engagement activity, but a risk communication activity. The project manager should communicate response strategies to the relevant stakeholders who are assigned to implement or monitor them, and not to all stakeholders indiscriminately.
Option C is incorrect because ignoring any risks beyond stakeholders’ tolerance is not a stakeholder engagement activity, but a risk attitude activity. The project manager should identify and assess all risks that may affect the project’s objectives, regardless of stakeholders’ tolerance levels. The project manager should also consult with stakeholders to determine their risk appetite, threshold, and attitude, and use this information to prioritize and respond to risks accordingly.
References: PMI Risk Management Professional (PMI-RMP) Examination Content Outline, pages 5-61

NEW QUESTION 54
You are the project manager of the HJK Project for your organization. You and the project team have created risk responses for many of the risk events in the project. Where should you document the proposed responses and the current status of all identified risks?

Stakeholder management strategy

Risk management plan

Risk register

Lessons learned documentation

NEW QUESTION 55
Your project has several risks that may cause serious financial impact should they happen. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They’d like for you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

Risk response

Quantitative analysis

Contingency reserve

Risk response plan

NEW QUESTION 56
A risk manager administered a pre-workshop risk survey in preparation for the upcoming workshop. The workshop invitees participated in the survey and submitted many risks encompassing all project phases and risk areas. The risk manager sorts risks by similarities and categories for the workshop.
What should the risk manager do next to visually organize the risks?

Develop an affinity diagram

Perform the analytical hierarchy process

Perform a SWOT analysis

Assign probability and impact

NEW QUESTION 57
A newly assigned risk manager realizes that a project has unrealistic funding and low resources. Which document should the risk manager review?

Risk assessment criteria

Project management plan

Project assumptions

Risk management plan

NEW QUESTION 58
A project manager is creating a risk management plan. The project sponsor does not see the need for additional risk management, believing that the only risks to the project are financial risks.
What procedure could the project manager use to identify other potential topics such as technical, quality, performance, project, management, internal and external risks?

Review enterprise environmental factors.

Perform Monte Carlo analysis and Delphi technique.

Perform decision tree analysis and create an Ishikawa diagram.

Use existing prompt lists and risk breakdown structure.

To be eligible for the PMI-RMP certification exam, candidates must have a secondary degree (high school diploma, associate’s degree, or global equivalent) and at least 4,500 hours of project risk management experience. Alternatively, candidates can also have a four-year degree (bachelor’s degree or global equivalent) and at least 3,000 hours of project risk management experience. PMI-RMP exam consists of 170 multiple-choice questions that must be completed within 3.5 hours. The questions are based on the PMI-RMP Exam Content Outline, which covers five domains of risk management.

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