PMI-RMP Certification Exam Syllabus

PMI-RMP dumps PDF, PMI PMI-RMP BraindumpsTo achieve the professional designation of PMI Risk Management Professional from the PMI, candidates must clear the PMI-RMP Exam with the minimum cut-off score. For those who wish to pass the PMI-RMP certification exam with good percentage, please take a look at the following reference document detailing what should be included in PMI Risk Management Professional Exam preparation.

The PMI-RMP Exam Summary, Body of Knowledge (BOK), Sample Question Bank and Practice Exam provide the basis for the real PMI Risk Management Professional (PMI-RMP) exam. We have designed these resources to help you get ready to take PMI Risk Management Professional (PMI-RMP) exam. If you have made the decision to become a certified professional, we suggest you take authorized training and prepare with our online premium PMI Risk Management Professional Practice Exam to achieve the best result.

PMI-RMP Exam Summary:

Exam Name PMI Risk Management Professional
Exam Code PMI-RMP
Exam Fee USD $Member: $520
Non-member: $670
Exam Duration 150 Minutes
Number of Questions 115
Passing Score Above Target / Target / Below Target / Needs Improvement
Format Multiple Choice Questions
Books / Trainings Handbook
Schedule Exam Pearson VUE
Sample Questions PMI-RMP Exam Sample Questions and Answers
Practice Exam PMI Risk Management Professional (PMI-RMP) Practice Test

PMI Risk Management Professional Syllabus Topics:

Topic Details

Risk Strategy and Planning - 22%

Task 1 Perform a preliminary document analysis
  • Gather and review documents
    - Give examples of preliminary documents to review prior to risk identification includes industry benchmarks (if available), previous lessons learned, historical data, and the sources of the above information.
  • Determine and assign who is responsible for the preliminary document analysis (e.g., project manager, risk manager, financial controller)
  • Establish documents relevant to the risk process
Task 2 Assess project environment for threats and opportunities
  • Determine which OPA / EEF / project methodology is needed (e.g., agile, waterfall, hybrid, etc.)
  • Analyze the different environmental factors to be considered in the planning phase (e.g., PESTLE, SWOT analysis)
  • Determine the organizational and cultural risk appetite
    - Analyze environment for risk culture maturity
  • Evaluate the project management information system process and data
  • Conduct a stakeholder analysis
  • Analyze constraints to risk management
    - Government, market laws/rules, organizational, environmental, and technical risks
  • Focus stakeholders on creating a culture of risk awareness
  • Determine business driver of project, including key assumptions, benefits, and materialization of project.
Task 3 Confirm risk thresholds based on risk appetites
  • Align project risk thresholds to organizational risk appetite
  • Calculate the risk the organization can absorb (e.g., financial, scope, environmental, technical, legal, schedule, quality, contract, etc.)
  • Discuss risk thresholds
  • Lead conflict resolutions between stakeholders in agreeing on risk appetite
Task 4 Establish risk management strategy
  • Establish risk processes and tools
  • Provide risk management templates/forms
  • Determine risk metrics
  • Identify risk categories
  • Coach/mentor team on risk management best practices (servant leadership)
  • Lead stakeholders to adopt the risk strategy
Task 5 Document the risk management plan
  • Define organizational risk roles and responsibilities
    - Align roles and responsibilities with a project RAM (e.g., RACI) chart
  • Prepare a list of the key artifacts/resources that will be used to compile a risk management plan
  • Outline the list of key risk management activities (e.g., who, what, when, where, how)
  • Explain how the Risk Breakdown Structure (RBS) can be used to support the risk management plan
  • Define a risk communication plan
  • Define risk prioritization criteria
  • Define stakeholder empowerment and education strategy
Task 6 Plan and lead risk management activities with stakeholders
  • Collaborate with the team that would conduct the risk planning on the project
  • Leverage stakeholder analysis done by the project manager
  • Manage stakeholder risk appetite and attitudes
  • Engage stakeholders in the risk prioritization process
  • Set appropriate expectations with stakeholders on the rules of engagement
  • Tailor risk communication for stakeholders
  • Lead stakeholder empowerment for risk strategies in the risk management plan
  • Train, coach, and educate stakeholders in risk principles and processes in order to create shared understanding of principles and processes, and foster engagement in risk management

Risk Identification - 23%

Task 1 Conduct risk identification exercises
  • Conduct meetings, interviews, focus groups, and other SME support activities
  • Perform detailed analyses of risk identification exercise results
  • Analyze documents, audio transcripts, telemetry data, etc. and understand business context of information
  • Indicate risks as threats or opportunities
Task 2 Examine assumption and constraint analyses
  • Leverage the results of the assumption and constraint analysis
  • Categorize assumptions and constraints
  • Assess the risk associated with each assumption and/or constraint
  • Recognize the relationship between assumptions and/or constraints, and project objectives (e.g., predict the cascade effect of project stakeholder holiday schedules on project timelines)
  • Encourage stakeholders to challenge assumptions and constraints
Task 3 Document risk triggers and thresholds based on context/environment
  • Assess, confirm, and document risk compliance thresholds, and categories against updated risk data
  • Assess and document risk triggers, causes and timing
  • Assess and document risk consequences and/or impact
  • Empower stakeholders to challenge existing thresholds
Task 4 Develop risk register
  • Analyze the validity of identified risks and triggers
  • Examine the risk attributes like probability, impact, urgency
  • Establish risk origin and ownership e.g., internal/external
  • Classify risks as threats or opportunities

Risk Analysis - 23%

Task 1 Perform qualitative analysis
  • Perform a nominal classification or risks in the RBS using classifications from the risk management plan (e.g., environment, organizational, project management, technical, etc.)
  • Estimate the impact of risk on project schedule, budget, resources, and scope
  • Prioritize the risk based on impact, and urgency
  • Apply the risk matrices
    - Agreed-upon assessment approach, Historical information, Definitions of probability and impact, Risk categories, Pre-established criteria
  • Perform an ordinal classification
  • Coach stakeholders on risk categorization strategies
Task 2 Perform quantitative analysis
  • Analyze risk data and process performance information against established metrics
  • Analyze a project's general risks
  • Perform a forecast and trend analysis on new and historical information
  • Perform sensitivity analysis
    - Monte Carlo, decision trees, critical path, expected monetary value, etc.
  • Perform risk weighting and calculate risk priority
Task 3 Identify threats and opportunities
  • Assess project risk complexity
    - SWOT analysis, Ishikawa, Tree Diagram
  • Perform an impact analysis on project objectives
    - project scopes, schedule cost, and resources, quality, and stakeholders
  • Assess project compliance objectives against organizational strategic objectives
    - procedures, project plans, corporate, and project governance, regulatory governance
  • Empower stakeholders to independently identify threats and opportunities

Risk Response - 13%

Task 1 Plan risk response
  • Determine appropriate risk response strategy
    - avoid, accept, mitigate, enhance, contingency planning etc.
  • Decide the risk response actions (time bound) based on the risk response strategies and identify action owners
  • Assess the effectiveness of the risk response actions against the identified strategy and the project objectives impact
    - cost/schedule/environment etc., effect of the action on the probability or the risk impact
  • Illustrate and communicate effectiveness of the risk response strategies
    - risk burndown chart, dot plots
  • Determine the work around
  • Allocate responsibilities
  • Outline an appropriate responsibility matrix for a metricized project environment
  • Re-evaluate organizational risks
Task 2 Implement risk response
  • Execute the risk response plan(s)
  • Execute the contingency plan(s)
  • Encourage stakeholders to provide feedback on the risk response
  • Evaluate and react to secondary and residual risks from the response implementation
    - Improvise as needed

Monitor and Close Risks - 19%

Task 1 Gather and analyze performance data
  • Reconcile performance data & reports from risk relevant work packages
  • Analyze data to determine the completion status against the baseline
  • Perform a variance analysis
  • Monitor impact against overall project risk exposure to enterprise
Task 2 Monitor residual & secondary risks
  • Monitor risk response and document residual risk
  • Monitor risk response for secondary risks
  • Assess impact of residual and secondary risks on project objectives
  • Update and communicate impact of residual and secondary risks
Task 3 Provide information required to update relevant project documents
  • Aggregate and summarize risk data, and update project documents
    - risk register, lessons learned, project management plan, change logs etc.
  • Monitor and close out expired risks
Task 4 Monitor project risk levels
  • Assess project risk level
  • Prepare reports for different stakeholders
  • Communicate risk levels to key stakeholders

Both PMI and veterans who’ve earned multiple certifications maintain that the best preparation for a PMI-RMP professional certification exam is practical experience, hands-on training and practice exam. This is the most effective way to gain in-depth understanding of PMI Risk Management Professional concepts. When you understand techniques, it helps you retain PMI Risk Management Professional knowledge and recall that when needed.

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