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PMI-RMP certification exam is an important step for professionals who want to specialize in the field of risk management and demonstrate their expertise in identifying and assessing risks within a project environment. It provides a globally recognized certification, enhances career opportunities, and demonstrates a commitment to advancing skills and knowledge in the field.

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PMI Risk Management Professional Sample Questions (Q123-Q128):

NEW QUESTION # 123
A project is In the initiation phase. The project stakeholders are Invited to a meeting to share their thoughts that may impact the project In a positive or negative way.
What will be the main output of this meeting?

A. Evaluating the project's probability of success
B. Evaluating the project's impact
C. Identifying threats and opportunities
D. Performing a qualitative analysis

Answer: C

Explanation:
The main output of the stakeholder meeting in the initiation phase is to identify threats and opportunities that may impact the project in a positive or negative way. This information will be used to develop the risk management plan.
The meeting that the project stakeholders are invited to in the initiation phase is part of the Identify Risks process. The purpose of this process is to identify the risks that may affect the project objectives in a positive or negative way, and to document their characteristics. The main output of this process is the risk register, which is a document that contains the list of identified risks, their causes, potential responses, and other relevant information. The risk register is an essential input for the subsequent risk management processes, such as Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, and Monitor Risks. Therefore, the correct answer is B. Identifying threats and opportunities. Reference: PMI, The Standard for Risk Management in Portfolios, Programs, and Projects, 2019, p. 79-80, 86-87.

NEW QUESTION # 124
Lisa is the project manager of the FKN project for her organization. She is working with Sam, the CIO, to discuss a discount the vendor has offered the project based on the amount of materials that is ordered. Lisa and Sam review the offer and agree that while their project may qualify for the discounted materials the savings is nominal and they would not necessarily pursue the savings. Lisa documents this positive risk response in the risk register. What risk response is this?

A. Enhance
B. Transference
C. Acceptance
D. Share

Answer: C

Explanation:
Explanation/Reference:

NEW QUESTION # 125
A project is in the planning phase, and the risk manager establishes the risk management for the project. Which success factors should be taken into account by the risk manager to establish a successful risk management process for the project?

A. Organizational commitment, scale risk effort required to project, perform quantitative risk analysis
B. Organizational commitment, scale risk effort to project, early identification of risks
C. Organizational commitment, scale risk effort required to project, integrate with other project management areas
D. Organizational commitment, scale risk effort required to project, use Monte Carlo analysis for risk evaluation

Answer: C

NEW QUESTION # 126
Jane is the project manager of the GBB project for her company. In the current project a vendor has offered the project a ten percent discount based if they will order 100 units for the project. It is possible that the GBB Project may need the 100 units, but the cost of the units is not a top priority for the project. Jane documents the offer and tells the vendor that they will keep the offer in mind and continue with the project as planned. What risk response has been given in this project?

A. Sharing
B. Exploiting
C. Enhance
D. Acceptance

Answer: D

NEW QUESTION # 127
You are the project manager of the NNH project. In this project you have created a contingency response that the cost performance index should be less than 0.93. The NHH project has a budget at completion of $945,000 and is 45 percent complete - though the project should be 49 percent complete. The project has spent
$455,897 to reach the 45 percent complete milestone. What is the project's cost performance index?

A. 1.06
B. 0.93
C. 0.92
D. -$30,647

Answer: B

NEW QUESTION # 128
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