PMI PMI-RMP Exam Topics
PMI PMI-RMP Exam
PMI Risk Management Professional
Total Questions: 273What is Included in the PMI-RMP Exam?
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PMI PMI-RMP Exam Overview :
| Exam Name | PMI Risk Management Professional |
| Exam Code | PMI-RMP |
| Actual Exam Duration | 150 minutes |
| Expected no. of Questions in Actual Exam | 170 |
| Official Information | http://www.pmi.org/certification/risk-management-professional-rmp/pmi-rmp-exam-prep.aspx |
| See Expected Questions | PMI PMI-RMP Expected Questions in Actual Exam |
| Take Self-Assessment | Use PMI PMI-RMP Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure |
PMI PMI-RMP Exam Topics :
| Section | Weight | Objectives |
|---|---|---|
| Domain I Risk Strategy and Planning | 22% | Task 1 Perform a preliminary document analysis • Gather and review documents o 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 o Analyze environment for risk culture maturity • Evaluate the project management information system process and data • Conduct a stakeholder analysis • Analyze constraints to risk management o 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 o 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 |
| Domain II 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 |
| Domain III 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 o 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 o 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 o SWOT analysis, Ishikawa, Tree Diagram • Perform an impact analysis on project objectives o project scopes, schedule cost, and resources, quality, and stakeholders • Assess project compliance objectives against organizational strategicobjectives o procedures, project plans, corporate, and project governance, regulatory governance • Empower stakeholders to independently identify threats and opportunities |
| Domain IV Risk Response | 13% | Task 1 Plan risk response • Determine appropriate risk response strategy o 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 o cost/schedule/environment etc., effect of the action on the probability or the risk impact • Illustrate and communicate effectiveness of the risk response strategies o 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 o Improvise as needed |
| Domain V 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 o 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 |
Updates in the PMI-RMP Exam Topics:
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