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PMI-RMP - PMI Risk Management Professional - BrainDump Information

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Exam Code : PMI-RMP
Exam Name : PMI Risk Management Professional
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PMI PMI-RMP : PMI Risk Management Professional Exam

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Exam Number : PMI-RMP
Exam Name : PMI Risk Management Professional
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PMI-RMP exam Format | PMI-RMP Course Contents | PMI-RMP Course Outline | PMI-RMP exam Syllabus | PMI-RMP exam Objectives


The Project Management Institute (PMI) offers a professional credential for project risk managers, known as the PMI Risk Management Professional (PMI-RMP). PMIs professional credentialing examination development processes stand apart from other project management certification examination development practices. PMI aligns its process with certification industry best practices, such as those found in the Standards for Educational and Psychological Testing. A key component of this process is that organizations wishing to offer valid and reliable professional credentialing examinations are directed to use a role delineation study (RDS) as the basis for the creation of the examination. This process uses knowledge and task-driven guidelines to assess practitioner competence, and determine the level of salience, criticality, and frequency of each of the knowledge, tasks, and skills required to perform to the industry-wide standard in the role of a project risk manager. The role delineation study ensures the validity of an examination. Validation assures the outcome of the exam is in fact measuring and evaluating appropriately the specific knowledge and skills required to function as a project risk management professional. Thus, the role delineation study guarantees that each examination validly measures all elements of the project risk management profession in terms of real settings.
PMI-RMP credential holders can be confident that their professional credential has been developed according to best practices of test development and based upon input from the practitioners who establish those standards. Please see Appendix A for a detailed description of the process. The PMI-RMP examination is a vital part of the activities leading to earning a professional credential; thus, it is imperative that the PMI-RMP examination reflect accurately the practices of the project risk management professional. All the questions on the examination have been written and extensively reviewed by qualified PMI-RMP credential holders and are supported by current project risk management published references. These questions are mapped against the PMI-RMP Examination Content Outline to ensure that an appropriate number of questions are in place for a valid examination. PMI retained Professional Examination Service (PES) to develop the global PMI-RMP Examination Content Outline. Since 1941, PES has provided a full range of assessment and advisory services to organizations across a broad range of professions, in support of professional licensure and certification, training, and continuing professional education. PES is dedicated to promoting the public welfare through credentialing as a mission-driven, not-for-profit organization. Finally, while the PMI-RMP Examination Content Outline, the Practice Standard for Project Risk Management and PMBOK Guide have commonalities, it is important to note that those involved in the study described previously were not bound by the Practice Standard for Risk Management and/or PMBOK Guide. They were charged with defining the roles of individuals assessing and identifying project risks, mitigating threats and capitalizing on opportunities, and using their experience and pertinent resources to help in this task. Although many of the domains, tasks, knowledge, and skills outlined by the PMI-RMP Examination Content Outline are also covered by the Practice Standard for Project Risk Management and PMBOK Guide, there are some that are unique to the PMI-RMP Examination Content Outline. Candidates studying for the examination will certainly want to include the current edition of the Practice Standard for Project Risk Management and PMBOK Guide as two of their references, and would be well advised to read other current titles on project risk management.

Risk Strategy and Planning 1920%
Stakeholder Engagement 1920%
Risk Process Facilitation 2528%
Risk Monitoring and Reporting 1920%
Perform Specialized Risk Analyses 1416%
Total 100%

Tasks Risk Strategy and Planning (1920%)
Task 1 Develop risk assessment processes and tools that quantify stakeholder risk tolerances in order to assess and determine risk thresholds for the project and set criteria for risk levels. Task 2 Update risk policies and procedures using information such as lessons learned from projects and outputs of risk audits in order to Strengthen risk management effectiveness. Task 3 Develop and recommend project risk strategy based on project objectives in order to establish the outline for the risk management plan. Task 4 Produce risk management plan for the project on the basis of inputs such as project information, external factors, stakeholder inputs, and industry policies and procedures in order to define, fund, and staff effective risk management processes for the project that align with other project plans. Task 5 Establish evaluation criteria for risk management processes based on project baselines and objectives in order to measure effectiveness of the project risk process.
Knowledge of:
=> Continuous process improvement as applied to risk management
=> Knowledge management techniques for organizing and providing access to project risk information
=> Metrics for measuring effectiveness of project risk process
=> Risk attitude concepts
=> Risk Breakdown Structure (RBS)
=> Risk tolerance concepts
=> Barriers to effective risk management
=> Project risk management inputs, tools, techniques, and outputs
=> Project risk contingency and management reserve
=> Research and analysis techniques
=> Basic strategy development methodologies

Tasks Stakeholder Engagement (1920%)
Task 1 Promote a common understanding of the value of risk management by using interpersonal skills in order to foster an appropriate level of shared accountability, responsibility, and risk ownership.
Task 2 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.
Task 3 Coach project team members in implementing risk processes in order to ensure the consistent application of risk processes.
Task 4 Assess stakeholder risk tolerance using processes and tools such as interviewing stakeholders and reviewing historical stakeholder behaviors in order to identify project risk thresholds.
Task 5 Identify stakeholder risk attitudes and cognitive biases using stakeholder analysis techniques in order to manage stakeholder expectations and responses throughout the life of the project.
Task 6 Engage stakeholders on risk prioritization process based on stakeholder risk tolerance and other relevant criteria, in order to optimize consensus regarding priorities.
Task 7 Provide risk-related recommendations to stakeholders regarding risk strategy and planning, risk process facilitation, risk reporting, and specialized risk tasks by using effective communication techniques in order to support effective risk-based decision making.
Task 8 Promote risk ownership by proactively communicating roles and responsibilities and engaging project team members in the development of risk responses in order to Strengthen risk response execution.
Task 9 Liaise with stakeholders of other projects by using effective communication techniques and sharing information on project risk performance in order to inform them of implications for their projects.
Knowledge of:
=> Information resources, both internal (for example, OPA) and external (for example, EEF)
=> Project performance information
=> Stakeholder sensitivity analysis models
=> Training and coaching techniques
=> Types of stakeholder risk attitudes (including but not limited risk seeking, risk tolerant, and risk averse)
=> Group decision making
=> Group creativity (including but not limited to brainstorming, nominal group technique, Delphi technique, idea/mind mapping, and affinity diagram)
Skills in:
=> Assessing stakeholder risk tolerance (appetite and attitude)
=> Collaborating with stakeholders
=> Managing teams in multicultural environments
=> Influencing change

Tasks Risk Process Facilitation (2528%)
Task 1 Apply risk assessment processes and tools in order to quantify stakeholder risk tolerances and determine risk levels.
Task 2 Facilitate risk identification using a variety of techniques in order to enable the project team and stakeholders to understand and determine the risk exposure of the project.
Task 3 Facilitate the project teams evaluation of the identified risks attributes using qualitative and quantitative tools and techniques in order to prioritize the risks for response planning.
Task 4 Facilitate the development of an aligned risk response strategy and related risk actions by risk owners from the information gathered during risk analysis in order to ensure timely and defined action when required.
Task 5 Facilitate the formulation of project contingency reserve based on the risk exposure of the project in order to have the capability and resources to respond to realized risks.
Task 6 Provide risk data to cost and schedule analysts/estimators to ensure that project risk is properly reflected in cost and schedule estimates for the project.
Task 7 Use scenarios to validate potential risk responses and evaluate key dependencies and requirements in order to enhance the likelihood of project success.
Knowledge of:
=> Basic risk identification tools and techniques for both threats and opportunities (including but not limited to brainstorming, checklists, prompt lists, assumptions and constraints analysis, interviews, questionnaires, cause and effect analysis, SWOT analysis, document review, affinity diagrams, and lessons-learned review from similar projects)
=> Basic qualitative risk analysis tools and techniques (including but not limited to probability-impact matrices, risk scoring, Risk Breakdown Structure analysis, root cause analysis, Pareto prioritization analysis, and risk metric trend analysis)
=> Basic quantitative risk analysis tools and techniques (including but not limited to Monte Carlo analysis, decision trees, FMEA/FMECA/Fault Tree analysis, and sensitivity analysis)
=> Heuristics and other dynamic sources of cognitive biases and their associated effects on risk perception and behavior
=> Risk response strategy types
=> Contingency management tools and techniques
=> Risk monitoring and control techniques
=> Group decision making
=> Group creativity (including but not limited to brainstorming, nominal group technique, Delphi technique, idea/mind mapping, and affinity diagram)
Skills in:
=> Using analytical software tools for project risk management
=> Managing teams in multicultural environments
=> Estimating probability and impact of identified risks

Task 1 Document and periodically update project risk information using standard tools (including but not limited to risk register, risk database) and techniques in order to maintain a single, current repository of all project risk information.
Task 2 Coordinate with project manager using communication techniques in order to integrate risk management throughout the project.
Task 3 Create periodic standard and custom reports using risk-related metrics as specified in the risk management plan in order to communicate risk management activities and status.
Task 4 Monitor risk response metrics by analyzing risk response performance information, and present to key stakeholders in order to ensure resolution of risk and develop additional risk response strategies to address residual and secondary risks.
Task 5 Analyze risk process performance against established metrics in order to drive risk process improvements.
Task 6 Update the project risk management plan using relevant internal and external inputs in order to keep the plan current.
Task 7 Capture risk lessons learned through comprehensive review of the project risk management plan, risk register, risk audits, risk process performance reports, and other associated reports in order to incorporate into future risk planning.
Knowledge of:
=> Continuous process improvement and quality management as applied to risk management
=> Knowledge management techniques for organizing and providing access to project risk information
=> Alternative formats for project risk reports (for example, Top Risk List, Risks Transitioned to Issues, Response Plans Behind Schedule, Risk Triggers, and Risk Outcomes)
=> Requirements for risk register data fields
=> Risk statement construction
=> Risk response activity construction
=> Risk response metrics
=> Risk process performance metrics
=> Risk assessment analysis metrics
=> Risk management reserves

Tasks Perform Specialized Risk Analyses (1416%)
Task 1 Evaluate the attributes of identified risks using advanced quantitative tools and specialized qualitative techniques in order to estimate overall risk exposure of the project.
Task 2 Analyze risk data produced during the project using statistical analyses and expert judgment in order to determine strengths and weaknesses of risk strategy and processes and recommend process improvements when indicated.
Task 3 Perform specialized risk analysis using advanced tools and techniques in order to support stakeholder decision making for the project.
Knowledge of:
=> Advanced risk identification tools and techniques for both threats and opportunities (including but not limited to force field analysis, scenario planning, futures thinking, visualization, Delphi groups, and nominal group technique)
=> Advanced quantitative risk analysis tools and techniques (including but not limited to, integrated cost/schedule analysis, advanced Monte Carlo analysis, system dynamics, bowtie analysis, analytical hierarchy process, risk-based earned value analysis, risk-based critical chain analysis, and multi-factor regression analysis, modeling techniques, advanced risk metric analysis [including statistical process control])
=> Tools and techniques for identifying and analyzing overall project risk (including but not limited to risk efficiency index, risk tolerance analysis, risk reserve analysis, risk metric trend analysis, risk taxonomy, risk connectivity analysis, Monte Carlo analysis against overall project objectives, project risk surveys, and correlation analysis)
=> Basic and advanced statistics
=> Estimation tools and techniques to support risk decision making (including but not limited to prioritization, cost-benefit analysis, analogous, parametric, and bottom-up)
=> Advanced theory of heuristics and other sources of cognitive bias
=> Variance/Earned Value Analysis

Knowledge of:
=> Project risk management processes, frameworks, and theory (in line with the PMI Practice Standard for Project Risk Management)
=> Basic project management theory, methodologies, and practice (as described in the PMBOK Guide)
=> Risk principles and guidelines as described in ISO31000
=> Communication tools, techniques, models, and channels
=> Facilitation tools and techniques
=> Negotiation tools and techniques
=> Leadership theory as it relates to risk management
=> Organizational theory as it relates to risk management
=> Risk taxonomy
=> PMI Code of Ethics and Professional Conduct
Skills in:
=> Effective oral, graphical, and written presentation
=> Tailoring information to all levels of stakeholders
=> Conducting effective interviews
=> Gathering, managing, analyzing, and validating data
=> Problem solving
=> Active listening
=> Conflict resolution
=> Expressing complex and abstract information
=> Influencing without authority
=> Coaching and mentoring



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When i'm nervous, my stomach churns. And boy did it churn the morning of my examination. It wasn't the thought of failing the PMP exam. It become more of, "the place will I get one other US$405 to schedule one more exam if I do not circulate this one?" or not it's taken longer than expected for a couple of explanations. Zimbabwe (and being Zimbabwean) has its personal entertaining set of considerations that make the PMP adventure longer and greater winding than ordinary. right here goes:-

apparently, the primary hurdle was, "Why should I be PMP® licensed?" because in Zimbabwe, we commonly take a really simplistic approach to task administration. soon after graduation and one is heading the development of a double storey building. Or after 6 years of technical design one immediately assumes a senior challenge management role. I've since realised the many ways through which my new advantage will help in my existing role, and how i would do issues in another way in future roles. additionally, its internationally accredited. What else is there to assert?

second, the charge. i may smash it down. First, be part of PMI by way of signing up here . it can charge US$129/year plus a one time application charge of US$10 if you first turn into a member. The Zimbabwe Chapter has an additional US$20 chapter member price- however it turned into waived this 12 months. You will pay the usage of a VISA card. For this you get the PMBOK® courses (I got 6 and 7), and a number of different components I nonetheless have not used in past times😅. on the other hand you might simply pay US$555 and write it. however there's a big abilities to being a member of PMI and the local Zimbabwe chapter. You meet other like-minded specialists, can kind study organizations, leap ideas off every other! It truly helped that I even have a supportive tribe (my chums and colleagues who've/are also pondering acquiring their PMP certification). The greatest variable cost are the tutorials. I used ExamsPM, cost about US$450 at the time. This was as a result of (yes, they have basically good advertising and marketing yhu!) aside from the actual course content, practise and exam type questions, they also provided aid when submitting my report for the eligibility requirements in addition to digital true time classes twice per week.

Of course there are other extra not pricey options together with free YouTube videos, other single/double digit priced on-line substances and...the instructions and aid i may quickly offer myself😂🤷🏾‍♀️. You decide upon depending on your favourite study mode and funds. PMI claims adding PMP® will raise your salary, i am heading to HR this minute to check🤣.

Third- Time, or as we call it now, agenda☺️. one of the most generally asked questions is how lengthy it took me. So I began taking training in 2019, before the new agile-focused syllabus. think about the bloodless water shock after I resumed this 12 months and found out hybrid, agile, incremental and iterative have been the new component. It also failed to assist that because i am in the building container, ordinary and predictive methodologies are fairly a good deal the norm and may still all the time continue to dominate big features of development undertaking administration. however, if trade consultants have determined we need a brand new way, let's learn it and discover, shall we? I took my time due to the fact that July, intending to write first week of October. got through most of the classes. Come time to time table the examination I chickened out. I stored procrastinating, and suspending. and i would doubtless have decided to put in writing it subsequent yr had I now not written it on my work PER and additionally my accountability companions (be aware the supportive tribe I spoke of earlier?). This final week I doubled down and studied morning and night after work. i'd wake up at 3am and write a full examination to conclude previous 6am then get ready for work. My free time changed into divided into "am i able to write the entire examination," or "I've handiest received time for the practise questions." My buddy Shamie would say, "Michelle you might be overstudying"- there isn't a such thing with PMP®. I simplest stopped researching the day before my exam.

The fourth issue i'll talk about is the online vs the in grownup testing centre alternative. I tried to schedule the online examine. as a result of, we are living essentially now, right? You should check in case your laptop and bandwidth will aid the check. Now in Zimbabwe, it be a big issue. all of sudden ZOL went AWOL (😂sorry, I needed to) the day i wanted to schedule (Sunday). On Monday it became even worse, nothing could be achieved the entire day. i believed about suspending the examination to yet another week, pushed the concept away as fast as it came, then scheduled to jot down the examination in Bulawayo. most effective two Pearson Centres are available in the nation. Multimedia at constancy Towers in Harare, and NUST Centre for continuing schooling in Bulawayo. be aware, a further US$15 and US$20 admin charge is required to sit down for the examination at these centres. In Harare the centre was blocked out for the complete month until December, so I decided Bulawayo may be the chosen metropolis. I went a day before, just so i might have simply the exam to fret on the day. And it worked! i used to be the only one writing that day. Roundabout 1300hours i used to be the most latest member of the PMI family unit. You click submit its either "Congratulations.." or "(i am now not bound what's written in case you do not circulate😅).

and that's in reality it! i am off to add Michelle Rutendo Sibongile Maphosa, PMP to those e mail signatures😉.




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