Lesson Learned : Fahad Mubarik PMP.

PMI-RPM

First of all I would like to that all the group members who provide a lot of support and guidance
during my period of certification readiness.the most important of all is the Ehbab Sousa as he
support me a lot on clearing my concepts and guide me the way to accomplish by milestone
that is RPM certification.

Study material :

Risk Management Standard

PMBOK Chapter (Risk/Communication/Stakeholder)

Passing the risk management professional exam by Daniel C.Yeomans

RPM Exam Question & Answer Preparation Guide by Liam P.Dillon

Important Note :

RMP exam is not like PMP exam its all about risk management indept knowledge and exam
evaluate on the basis of your understanding to the extent of your understanding.Exam
questions are big in length that look in first view very difficult but as you start read and
understand what the question is asking you should easily dig out the correct answer on the
basis of your understanding.

Exam Questions and guide :

1.Monte Carlos questions are the real gifts and easy one you don’t need to study it more and
more just review Ehbab souse LL and grab it.

2.You don’t need to even look at the Monte carlo grap just read the table on the right side of
question and answer it easily.

3.One Question on Average Budget you just need to check the table value at P50 that would be
the Aveage Budget .

4.If Probability is increase from P40 to P90 hiw much contingency reserve Required. Just u need
to subtract the value against P90-P40 .

5. in One question state that what the probability of achieving the project successful by 15th
April and in table dates are given 1-april to 30th April ,u just need to check in between these 2
dates and easily dig out the probability.
6.Latin Hyper cube you just need to now it used less iteration then Monte Carlos, stabilize
faster.

7.Neuroligtic programming u just need to know it matain Rapport between practinioner.

8.Which risk has most is high risk of course with Moderate and High

Probability impact
Risk A Low Low
Risk B Moderate High
Risk C High Low
Risk D Low High

9. EMV question simply you have to calculate P*I an get the Answer.

Probability impact
Risk A 5M 8M
Risk B 6M 7M
Risk C 7M 6M
Risk D 8M 5M

10.2 Questions on Confidence level in below mention format I simply select confidence Level
which is High that if Risk B

Probability Confidenct
Level
Risk A 5M 50%
Risk B 6M 60%

11.Company is risk averse and start a new project of budget 9 M based on below information
which shoud u do as a PM

Labour Material Cost Method

cost cost
Risk A - - -
Risk B - - -
Risk C - - -
Simply I calculate the Pert and found the value great then 9M and the options are

-A.Proceed with the current Budget

-B.Ask for addition budget before Start the Project

I select Option B

12.One question on Marathon race is going to be happen and all the money will be give to
charity and in case race is going to be cancel all the money shall be return to particapent and
non money will be given to charty as a PM what you do to mitigate this..

I select buy Insurance

13.Sponser told a new PM who just joined the project that project is on schedule and budgt and
risk are handles timely and effectively.PM go through the report and came to know that project
is 3 month behind schedule what u do

A.Fast track or crash the schedule.

B.inform Sponser and clarify the situation

I have selected Option A

14.risk management policies are not being followed by PM with in diffferct funcltion
departments although having so many efforts by a risk manager what need to be done to
handle this situation

A.Involve Project Manager.

B, involve Board of directors/Portfolio manager
I have selected option B

15. One question may be I have selected wrong choice.question is PM told risk manger to not
do tha risk management as this is small project.what Risk manager have to do

A.This is PM project and he is responsible to so no need to do RM

B.Tell PM the benefit of Risk management as practice it would have to be done in all kind of
projects

I select Option A may be it is Option B

16.Simple definition on AHP/Promplist/Field force analysis

17.No question on EVM and CPM

18.CSF of all the risk management atleast 4 question are on the exam
19.U have identified an opportunity in a high profile project how u manage these opprotunities
to ensure it realized

A. Be list these in RBS

B. Assign CR

I select B as not sure which is correct.

20. Risk Audit and Risk Reassesment a lot of question on this u just need to know the purpose
of this.

21. Risk review defition

22. Risk Averse ( Discomfort with the project risk does not want to take risk)

23.Risk Seeker Definition

24.What are the strategies for threat?

25.What are the Strategies for opportunities?

26.One question asking talking about management reserve indetail and told identified risk
occur what u shall use (for identified risk use Contingency reserve)

27.Process of Qualitative risk analysis (Select risk characteristics,collect & Analyze

data,Prioritize risk,categorize risk causes,document result)

28.Risk Metalanguage (Cause ,risk,Effect)

29. EMV question if probability of Risk C is reduce from 80% to 40% what will be the CR

Prbability CR
Risk A 20% 20000
Risk B 40% 30000
Risk C 80% 2135000

Simply u have to divide the CR of Risk C by 2 and subtract from overall CR

30.Sponsor Ask PM not to do the Risk management planning and save ur time what u do as a
PM

A.Follow Sponsor instructions

B.Do the RMP even after told be Sponsor

C.Meet with Sponsor and tell him benefit of RM planning

I have selected option C

31.What is the best strategy to communication in a high risk profile project,

I have selected Face to face

32.Simple definition of Uniform distribution

33.One question state definition of risk and ask what other is this and mention about risk
attitude so u can easily digout the answer as Risk/Risk attitude

34.Power /Interest grid

35.We can describe risk on the basis on P*I what else (Mangeability and urgency)

36.Risk agenda meeting ,u must need to know and learn by heart the last page of Apendix D

37.Alot of Question on CR and MR

38.Work around indept knowledge as to when we implement it and from where the reserve are
used,

39.Sensitivity analysis

40.Scatter disgram (correlation factor mention in question so it must be SD)

41. Risk break down struction

42.input of Identify risk process and Control risk

43.Sponsor has low risk tolerance of schedule and high on cost where u pay more attention
(Obviously more attention to schedule)

44.Risk attitude/Threshold and Tolerance

45.Variance and trend analysis,

46.u must have understanding of CSF of each technique mention in appendix D as

strength/Weekness

47.Montecarlos definition

48.A new team member joined the project in functional manager how the risk management
templates he will get for understanding the procedure
Funtional manager as he will provide him all the relevant information regarding the RM

49.Who is best to be a risk action owner

A.Sponsor

B,Stakeholdr

C.PM

D.Project team

I have selected D but I think B is right

50.You have identified all the risk in your project and assign contingency reserve and all the risk
that are identified milestones are missed as trigger not done what u should do to handle this in
future

(You should increase the frequency of risk review Meeting with PM)

51.An identified risk occur but your SME could not reach due to not have enough time what u
do to handle this situation

A.Extend the schedule to allow the SME to give time

B.Replace SME with other who are receiving the information from SME

C.Train your Team on Risk management handle to be proactive

I choose option C

Best and Luck

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