PMI-RMP Exam Questions and Answers

PMI’s Risk Management Professional Certification (RMP) is a credit that PMI provides to indicate capacities and professional skills in Risk Management. Obtaining this certificate validates the level to which you can identify dangers, assess them, and plan out trends to minimise risks. The PMI-RMP Exam Questions assesses your knowledge and skills across five domains.

To pass with flying colours and excel in PMI RMP Jobs, you have to fully understand what kind of test it will be, what kind of questions you may expect, and the expected content for each topic domain.

This blog will outline the kind of PMI-RMP Exam Questions, how to prepare for them, and sample questions from each domain to help you grasp the concepts well and answer them correctly. After having gone over this blog, you will know exactly what to expect from the exam and how to ace it. Let's get started!

Table of Contents

1) What to expect in the PMI RMP Exam?

2) PMI RMP Exam questions and answers for practice

     a) Domain 1: Risk Strategy and Planning

     b) Domain 2: Risk Identification

     c) Domain 3: Risk Response

     d) Domain 4: Monitor and Close Risks

     e) Domain 5: Risk Analysis

3) How to prepare for the PMI RMP Exam?

4) Conclusion

What to expect in the PMI RMP Exam?

The PMI RMP (Risk Management Professional) examination is a rigorous test that measures an individual's understanding and abilities in Risk Management. Being familiar with the exam's content is essential for effective preparation and improving your likelihood of passing. Here's what you can anticipate:

Exam format and structure: The exam consists of 115 questions in total; however, 15 are unscored pre-test questions. Those pre-test questions mostly shape the nature of questions for further exams. Exam duration and breaks: The PMI RMP Exam has a duration of 2.5 hours and includes several tutorials and a survey. Although additional time is provided for the exam, any time taken for breaks will count towards the overall allotted time.

Passing score: To pass the PMI RMP Exam, a score of 141 out of 200 is required

PMI RMP exam domains: The PMI RMP Examination encompasses five key areas, including the Risk Strategy and Planning, Risk Identification, Risk Response, Risk Monitoring and Closure, and Risk Analysis.

Each domain has specific objectives and tasks that candidates are expected to know. It is vital to study all the domains and their objectives thoroughly.

PMI RMP Exam Questions and answers for practice

To assist in your preparation for the PMI RMP Exam, we've assembled a set of practice questions that span the exam's five domains. These PMI-RMP Exam Questions are designed to acquaint you with the exam content. Detailed explanations accompany the answers to ensure you grasp the logic behind each answer.

Domain 1: Risk Strategy and Planning

1) Which of the following isn't an output of the Risk Management plan?

a) Risk register

b) Risk thresholds

c) Risk appetite

d) Risk mitigation strategies

Answer: a. Risk register

Explanation: The risk register is not an output of the Risk Management plan. It is a document that serves as a repository for all identified risks throughout the project.

2) A Risk Management plan should include all of the following except:

a) Roles and responsibilities

b) Risk categories

c) Risk response strategies

d) Project schedule

Answer: d. Project schedule

Explanation: A Risk Management plan must include roles and responsibilities, risk categories, and risk response strategies. However, it only sometimes consists of the project schedule.

3) Which of the following is an important input to the Risk Management plan?

a) Organisational process assets

b) Enterprise environmental factors

c) Project charter

d) Stakeholder register

Answer: a. Organisational process assets

Explanation: Organisational process assets are a critical input to a Risk Management plan. These resources include organisational policies, processes, and precedents that affect how Risk Management is done in the organisation. They bring relevant information and methodology on the Risk Management process, templates, lessons learned and best practices that can be utilised in developing a well-detailed Risk Management plan.

4) Which of the following isn’t a step in the Risk Management planning process?

a) Identifying stakeholders

b) Defining Risk Management objectives

c) Developing risk response strategies

d) Implementing risk mitigation actions

Answer: a. Identifying stakeholders

Explanation: Stakeholder identification isn't a part of the Risk Management planning process with steps. Stakeholder identification is usually a part of the overall Project Management process within the stakeholder management phase or even the stakeholder analysis phase.5) Which of the following isn't a benefit of developing a Risk Management plan?

a) Improved communication

b) Increased stakeholder engagement

c) Reduced risk exposure

d) Increased project budget

Answer: d. Increased project budget

Explanation: The advantages of forming a Risk Management plan include the physical possibility of enhanced communication and higher stakeholder-investment as well as the theoretical potential of decreased risk. It does not necessarily increase the project budget, but it filters out the ones not suitable for the project.

6) Which of the following is an output of the risk identification process?

a) Risk register updates

b) Risk mitigation strategies

c) Risk response strategies

d) Risk Management plan

Answer: a. Risk register updates

Explanation: The risk identification process consists of defining and recording possible risks that could affect the achievement of project goals. The outcome of this effort is the generation or revision of the risk register. The risk register, a cumulative list of risk factors that also characterises the description, estimated impact, and initial evaluation of each risk, is one of the tools used. It acts as a clearinghouse for risks, which will then be explored and addressed throughout the entire duration of the project.

7) Which of the following isn't a risk category?

a) Technical risks

b) Organisational risks

c) Environmental risks

d) Procurement risks

Answer: d. Procurement risks

Explanation: Procurement risks are not typically categorised as a separate risk category. The commonly recognised risk categories in Project Management include technical, organisational, and environmental risks.

8) Which of the following is a tool and technique for risk identification?

a) Expert judgment

b) Brainstorming

c) Risk data quality assessment

d) Probability and impact matrix

Answer: b. Brainstorming

Explanation: Brainstorming is a common strategy for establishing risks. It involves a team of project members, along with their stakeholders, if applicable, and subject matter experts, gathering to draw up a list of possible risks. The brainstorming session involves members who come up with their ideas, worries, and views and are expected to share them during the session. They can voice concerns regarding any risks that may affect the project.

9) Which of the following isn’t a step in the risk analysis process?

a) Identifying risk events

b) Prioritising risks

c) Developing risk response strategies

d) Assessing probability and impact

Answer: c. Developing risk response strategies

Explanation: Developing risk response strategies isn't a step in the risk analysis. The risk analysis involves assessing risks to understand their potential impacts and likelihoods. The steps typically include identifying risk events, assessing probability and impact, and prioritising risks.

10) Which of the following is a technique for assessing probability and impact?

a) Monte Carlo analysis

b) Sensitivity analysis

c) Expected monetary value analysis

d) Root cause analysis

Answer: a. Monte Carlo analysis

Explanation: Monte Carlo analysis is a technique commonly used to assess the probability and impact of risks. It involves running multiple iterations of a risk model using random inputs within specified probability distributions.

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Domain 2: Risk Identification

1) Who is responsible for identifying stakeholders?

a) Project Manager

b) Project Sponsor

c) Stakeholder

d) Functional Manager

Answer: a. Project Manager

Explanation: The Project Manager is typically responsible for identifying stakeholders. Stakeholders are individuals, groups, or organisations interested in or may be affected by the project.

2) Which of the following isn't a tool and technique for stakeholder engagement?

a) Communication methods

b) Stakeholder register

c) Issue log

d) Performance reporting

Answer: c. Issue log

Explanation: An issue log isn't a tool and technique for stakeholder engagement. Instead, it is a tool for issue management and tracking within a project. It is typically used to document and monitor issues, problems, or concerns during project execution.

3) Which of the following isn't a step in the stakeholder engagement planning process?

a) Identifying stakeholders

b) Defining stakeholder engagement levels

c) Developing stakeholder management strategies

d) Monitoring stakeholder engagement

Answer: d. Monitoring stakeholder engagement

Explanation: Monitoring stakeholder engagement isn't a step in the stakeholder engagement planning process. While monitoring and evaluating stakeholder engagement is vital for ensuring ongoing effectiveness, it is a separate process after the stakeholder engagement plan has been developed and implemented.

4) Which of the following isn't a category of stakeholders?

a) Internal

b) External

c) Project team

d) Supplier

Answer: c. Project team

Explanation: The project team is only sometimes considered a category of stakeholders. Stakeholders are individuals, groups, or organisations interested in or may be affected by the project.

5) Which of the following isn't a benefit of effective stakeholder engagement?

a) Improved project outcomes

b) Reduced project risk

c) Increased stakeholder satisfaction

d) Decreased project scope

Answer: d. Decreased project scope

Explanation: Decreased project scope is only sometimes considered a direct benefit of effective stakeholder engagement. Stakeholder engagement focuses on actively involving stakeholders and addressing their needs and concerns throughout the project lifecycle.

6) Which of the following is a technique for managing stakeholder engagement?

a) Conflict resolution

b) Stakeholder analysis

c) Communication management

d) Risk Management

Answer: c. Communication management

Explanation: Communication management is a technique for managing stakeholder engagement. Effective communication is crucial in engaging stakeholders and ensuring their needs and expectations are understood and addressed.

7) Which of the following isn't a technique for stakeholder analysis?

a) Power/Interest grid

b) Salience model

c) RACI matrix

d) Stakeholder register

Answer: d. Stakeholder register

Explanation: The stakeholder register isn't a technique for stakeholder analysis. It is a document that contains information about identified stakeholders, including their names, roles, responsibilities, interests, and levels of influence or impact on the project.

8) Which of the following isn't a method of communication for stakeholder engagement?

a) Email

b) Social media

c) Project charter

d) Meetings

Answer: c. Project charter

Explanation: The project charter isn't a method of communication for stakeholder engagement. It is a document that formally authorises the project and provides a high-level overview of its objectives, scope, stakeholders, and other critical information.

9) Which of the following isn't a step in the stakeholder engagement assessment process?

a) Determining stakeholder engagement levels

b) Analysing stakeholder feedback

c) Updating the stakeholder register

d) Identifying new stakeholders

Answer: d. Identifying new stakeholders

Explanation: Identifying new stakeholders isn't a step in the stakeholder engagement assessment process. The stakeholder engagement assessment process involves evaluating the effectiveness of stakeholder engagement activities, analysing stakeholder feedback, and updating the stakeholder engagement plan.

10 Which of the following isn't a tool and technique for monitoring stakeholder engagement?

a) Stakeholder analysis

b) Information management systems

c) Performance metrics

d) Change control system

Answer: a. Stakeholder analysis

Explanation: Stakeholder analysis isn't a specific tool and technique for monitoring stakeholder engagement. Rather, it is typically performed during the initial stages of a project to identify and analyse stakeholders, their interests, and their potential impact on the project. It isn't directly related to monitoring stakeholder engagement.

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Domain 3: Risk Response

1) Which of the following isn't a key component of the Risk Management process?

a) Risk identification

b) Risk response planning

c) Risk tracking and control

d) Risk escalation

Answer: d. Risk escalation

Explanation: Risk escalation isn't typically considered a vital component of the Risk Management process. Risk escalation refers to escalating risks to higher levels of management or decision-making authority when they exceed the risk tolerance or capacity of the project team.

2) Which of the following is a tool and technique for risk identification?

a) Delphi technique

b) Probability and impact matrix

c) Expert judgment

d) Root cause analysis

Answer: a. Delphi technique

Explanation: The Delphi Technique is a tool and technique commonly used for risk identification. It involves gathering input and opinions from a panel of experts anonymously. The experts provide their assessments, opinions, and potential risks related to the project independently.

3) Which of the following isn't an output of the risk identification process?

a) Risk register updates

b) Risk report

c) Risk events

d) Risk categories

Answer: b. Risk report

Explanation: It is important not to confuse a risk report with an output of the risk identification phase. Although a risk report might be produced as part of the complete Risk Management process to disseminate the recognised risks; it is not a principal product of the risk identification process in particular.

4) Which of the following isn't a step in the risk analysis process?

a) Identifying risk events

b) Prioritising risks

c) Developing risk response strategies

d) Assessing probability and impact

Answer: c. Developing risk response strategies

Explanation: The construction of risk response strategies isn’t a step in the risk analysis process. Risk analysis defines and helps in evaluating the risks so that the degree of their likelihood, potential consequences, and importance can be determined. The purpose of risk analysis is to describe the risks’ nature, as well as to contribute to decision-making in the sphere of Risk Management.

5) Which of the following isn't a technique for assessing probability and impact?

a) Monte Carlo analysis

b) Sensitivity analysis

c) Expected monetary value analysis

d) Root cause analysis

Answer: d. Root cause analysis

Explanation: Root cause analysis isn't a technique for assessing probability and impact. It is a technique to identify the underlying causes or contributing factors of risks or problems.

6) Which of the following is a technique for prioritising risks?

a) Delphi technique

b) Probability and impact matrix

c) Risk data quality assessment

d) Root cause analysis

Answer: b. Probability and impact matrix

Explanation: The probability and impact matrix are widely applied to risks’ evaluation and prioritisation. This method entails estimating the likelihood of risk occurrence and the effects it will have on the foreseeable project goals.

7) Which of the following isn’t a step in the risk response planning process?

a) Developing risk mitigation strategies

b) Developing contingency plans

c) Identifying risk events

d) Assigning risk owners

Answer: c. Identifying risk events

Explanation: Identifying risk events isn't a step in the risk response planning process. Risk events are typically identified during the risk identification process, which precedes the risk response planning phase.

8) Which of the following isn't a risk response strategy?

a) Acceptance

b) Avoidance

c) Transference

d) Procrastination

Answer: d. Procrastination

Explanation: Procrastination isn't a recognised risk response strategy. It refers to delaying or postponing action, which is generally ineffective in managing risks. Procrastination does not involve actively addressing or mitigating risks.

9) Which of the following isn't a key component of risk tracking and control?

a) Risk response execution

b) Risk reassessment

c) Risk data quality assessment

d) Risk Management plan updates

Answer: c. Risk data quality assessment

Explanation: Risk data quality assessment isn't considered a critical risk tracking and control component. While it is crucial to ensure risk data's accuracy, completeness, and reliability, it isn't specifically a component of the risk tracking and control process.

10) Which of the following is a tool and technique for risk tracking and control?

a) Risk data quality assessment

b) Risk reassessment

c) Risk audit

d) Root cause analysis

Answer: c. Risk audit

Explanation: A risk audit is a tool and technique for risk tracking and control. It involves systematically examining project documentation, processes, and activities to assess the effectiveness of the Risk Management process.

Domain 4: Monitor and Close Risks

1) Which of the following isn't an output of the risk monitoring and control process?

a) Risk register updates

b) Risk report

c) Risk events

d) Risk categories

Answer: c. Risk events

Explanation: Risk events are not an output of the risk monitoring and control process. Risk events are typically identified during the risk identification process, and their management and monitoring occur throughout the project lifecycle.

2) Which of the following is a tool and technique for risk monitoring and control?

a) Risk audit

b) Risk reassessment

c) Risk data quality assessment

d) Root cause analysis

Answer: a. Risk audit

Explanation: A risk audit is a tool and technique for monitoring and control. It involves systematically examining project documentation, processes, and activities to assess the effectiveness of the Risk Management process.

3) Which of the following isn’t a step in the risk monitoring and control process?

a) Tracking identified risks

b) Monitoring residual risks

c) Updating the Risk Management plan

d) Identifying new risks

Answer: d. Identifying new risks

Explanation: Identifying new risks isn't a step in the risk monitoring and control process. The risk monitoring and control process primarily focuses on managing and monitoring the risks already identified during the risk identification process.

4) Which of the following isn't a technique for risk monitoring and control?

a) Risk audit

b) Risk reassessment

c) Information management systems

d) Brainstorming

Answer: d. Brainstorming

Explanation: Brainstorming isn't a recognised technique for risk monitoring and control. It is a technique commonly used during the risk identification process to generate a list of potential risks.

5) Which of the following isn't a benefit of effective risk monitoring and control?

a) Improved project outcomes

b) Reduced project risk

c) Increased stakeholder satisfaction

d) Decreased project scope

Answer: d. Decreased project scope

Explanation: The decreased project scope isn't typically listed as a direct benefit of effective risk monitoring and control. While effective risk monitoring and control contribute to various positive outcomes, such as improved project outcomes, reduced project risk, and increased stakeholder satisfaction, it does not directly result in a decreased project scope.

6) Which of the following isn't an output of risk reporting?

a) Risk register updates

b) Risk report

c) Risk response execution

d) Risk Management plan updates

Answer: c. Risk response execution

Explanation: Risk response execution isn't an output of risk reporting. Risk response execution refers to the implementation of planned risk response strategies to address identified risks.

7) Which of the following isn’t a key component of effective risk reporting?

a) Timeliness

b) Relevance

c) Accuracy

d) Confidentiality

Answer: d. Confidentiality

Explanation: Confidentiality isn't considered a key component of effective risk reporting. While confidentiality may be necessary for certain types of information, it isn't typically listed as a core component of risk reporting.

8) Which of the following is a technique for communicating risk information?

a) Stakeholder analysis

b) Information management systems

c) Status meetings

d) Project presentations

Answer: c. Status meetings

Explanation: Status meetings are a technique for communicating risk information. These meetings allow project stakeholders to gather and discuss the project's current status, including any identified risks and their associated updates.

9) Which of the following isn't a type of risk report?

a) Executive summary

b) Detailed risk report

c) Progress report

d) Risk register

Answer: d. Risk register

Explanation: The risk register isn't considered a type of risk report. The risk register is a comprehensive document that contains information about identified risks, their descriptions, likelihoods, impacts, response strategies, and other relevant details.

10) Which of the following is a key component of risk monitoring and control?

a) Identifying new risks

b) Implementing risk response strategies

c) Updating the stakeholder register

d) Analysing stakeholder feedback

Answer: b. Implementing risk response strategies

Explanation: Implementing risk response strategies is a key component of risk monitoring and control. Once risks have been identified and analysed, appropriate risk response strategies are developed to address them.

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Domain 5: Risk Analysis

1) Which of the following isn't a key component of effective risk governance?

a) Risk culture

b) Risk appetite

c) Risk monitoring and control

d) Risk response planning

Answer: c. Risk monitoring and control

Explanation: Risk monitoring and control, while essential components of Risk Management, are not directly considered critical components of effective risk governance. Risk governance refers to the overall framework, policies, and processes for managing risks within an organisation. It involves establishing structures, roles, and responsibilities for Risk Management and defining the organisation's risk culture and risk appetite.

2) Which of the following is a tool and technique for risk governance?

a) Risk Management plan

b) Risk categorisation

c) Risk data quality assessment

d) Risk audit

Answer: d. Risk audit

Explanation: A risk audit is a tool and technique for risk governance. It involves systematically examining the organisation's Risk Management processes, and controls to assess their effectiveness and identify areas for improvement.

3) Which of the following isn’t a step in the risk governance process?

a) Developing risk response strategies

b) Developing a Risk Management plan

c) Communicating risk information

d) Monitoring and controlling risks

Answer: a. Developing risk response strategies

Explanation: Developing risk response strategies isn't a step in the risk governance process. Risk governance refers to the overall framework and processes for managing risks within an organisation, and it typically focuses on establishing structures, policies, and procedures to govern Risk Management activities.

4) Which of the following isn't a benefit of effective risk governance?

a) Improved project outcomes

b) Increased stakeholder satisfaction

c) Reduced project risk

d) Decreased project scope

Answer: d. Decreased project scope

Explanation: Decreased project scope isn't typically considered a direct benefit of adequate risk governance. Risk governance focuses on establishing processes and structures to identify, assess, and manage risks within an organisation to improve Risk Management practices and outcomes.

5) Which of the following isn't a key component of a Risk Management plan?

a) Risk identification

b) Risk monitoring and control

c) Risk escalation

d) Risk response planning

Answer: c. Risk escalation

Explanation: Risk escalation isn't typically considered a key component of a Risk Management plan. A Risk Management plan outlines the overall approach and processes for identifying, assessing, analysing, and responding to risks throughout a project or organisation.

6) Which of the following is a tool and technique for risk categorisation?

a) Probability and impact matrix

b) Expert judgment

c) Root cause analysis

d) Delphi technique

Answer: a. Probability and impact matrix

Explanation: The probability and impact matrix are a commonly used tool and technique for risk categorisation. It involves assessing the likelihood and consequences of identified risks and mapping them on a matrix.

7) Which of the following isn't a key component of effective risk communication?

a) Clarity

b) Timeliness

c) Confidentiality

d) Relevance

Answer: c. Confidentiality

Explanation: Confidentiality isn't a key component of effective risk communication. While handling sensitive and confidential information appropriately is essential, confidentiality itself isn't a specific component of risk communication.

8) Which of the following is a benefit of effective risk governance?

a) Increased project scope

b) Increased project complexity

c) Improved decision making

d) Reduced stakeholder engagement

Answer: c. Improved decision-making

Explanation: One of the key benefits of effective risk governance is improved decision-making. Risk governance establishes processes, structures, and accountability mechanisms for identifying, assessing, and managing risks within an organisation

9) Which of the following isn't a key component of risk culture?

a) Risk ownership

b) Risk Management plan

c) Risk awareness

d) Risk tolerance

Answer: b. Risk Management plan

Explanation: A Risk Management plan isn't a key component of risk culture. Risk culture refers to the shared values, beliefs, attitudes, and behaviours regarding risk within an organisation. It encompasses how risks are perceived, discussed, and addressed throughout the organisation.

10) Which of the following isn't a tool and technique for risk monitoring and control?

a) Risk reassessment

b) Risk audit

c) Performance metrics

d) Change control system

Answer: d. Change control system

Explanation: A change control system isn't typically considered a specific tool and technique for risk monitoring and control. While change control processes may be related to managing project changes and their potential impacts on risks, they aren't primary tools or techniques explicitly used for risk monitoring and control.

How to prepare for the PMI RMP Exam?

Preparing for the PMI RMP (Risk Management Professional) Exam requires a systematic approach to ensure you are adequately equipped to pass the exam. Here are some steps to help you prepare for the PMI RMP Exam:

1) Understand the PMI RMP Exam content outline: The first step to preparing for the PMI RMP Exam is to understand the exam content outline. This will help you know what to expect in the exam and identify areas where you must focus your study efforts. The PMI RMP Exam content outline is available on the PMI website and covers five domains.

2) Utilise PMI RMP Exam Prep materials: PMI offers various exam preparation materials such as books, online courses, and practice exams. These resources provide a comprehensive understanding of the exam content and help you to practice for the exam. Some popular PMI RMP Exam preparation materials include the PMI RMP Exam Prep book, the PMI RMP Exam Simulator, and the PMI RMP Exam Prep Course.

3) Study techniques and strategies: Studying for the PMI RMP Exam requires a structured approach. Develop a study schedule that works for you and stick to it. Use various study techniques such as flashcards, mind maps, and summarising notes to help you remember the material. Also, use study strategies such as active reading, testing yourself, and reviewing regularly to reinforce your learning.

4) Practice with PMI RMP practice questions and exams: One of the best ways to prepare for the PMI RMP Exam Questions is to practice the test questions. These resources simulate the actual exam and help you get comfortable with the exam format. PMI offers various practice exams, and third-party practice exams are also available.

5) Join PMI RMP study groups and online forums: Joining a study group or online forum is a great way to interact with other candidates and learn from their experiences. You can share study materials, discuss complex concepts, and get tips on how to pass the exam. PMI offers various study groups, and there are also online forums such as Reddit and LinkedIn.

6) Tips for exam day: On the day of the exam, make sure that you arrive at the testing centre early and bring your identification documents. When taking the exam, it is essential to allocate enough time and pay close attention to the questions by reading them carefully. If you come across difficult questions, mark them and move on to the next question. Once you have finished the exam, taking a break and unwind to celebrate your efforts is essential.

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Conclusion

Preparing for the PMI RMP Exam Questions requires a solid understanding of the exam content and structure and a focused and disciplined study plan. Exam takers can gain confidence and increase their chances of success by reviewing the five domains and practising with sample questions.

This blog explored some of the most important types of PMI-RMP Exam Questions with their answers to give you further insight. Additionally, understanding PMI RMP vs CRISC can help professionals choose the right certification based on their risk management and information security career goals.

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