ABSTRACT

Most exam takers find the Project Risk Management questions on the PMP® certification exam demanding because they address many concepts that project managers may not have been exposed to in their work or education. However, the questions correspond closely to PMBOK® Guide material, so you should not have much difficulty if you study the concepts and terminology found there. Although the questions included do not contain mathematically complex work problems, they do require you to know certain theories, such as expected monetary value (EMV) and decision-tree analysis. Additionally, you are likely to encounter questions related to levels of risk faced by both buyer and seller based on various types of contracts.