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Exam Number : PMI-RMP
Exam Name : PMI Risk Management Professional
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PMI-RMP test Format | PMI-RMP Course Contents | PMI-RMP Course Outline | PMI-RMP test Syllabus | PMI-RMP test 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 test 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 19–20%
Stakeholder Engagement 19–20%
Risk Process Facilitation 25–28%
Risk Monitoring and Reporting 19–20%
Perform Specialized Risk Analyses 14–16%
Total 100%

Tasks Risk Strategy and Planning (19–20%)
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 Boost 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 (19–20%)
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 Boost 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 (25–28%)
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 (14–16%)
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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PMI PMI techniques

10 essential talents For undertaking administration | PMI-RMP test dumps and PDF Questions

Some americans naturally possess challenge administration talents. You recognize who you're. The innate potential to hold things so as and retain people on assignment is effective in a group atmosphere, and you can in fact make a dwelling out of it. To formally flip those strengths right into a profession as a mission supervisor, determine and hone these in-demand project administration advantage.

linked: ideal task administration application 2021

What Are task administration potential?

You need a variety of both hard and gentle talents to be a successful project supervisor.

The soft skills are those you could develop via any education or work adventure, and that they help you shape the appropriate temperament for challenge management. The tough advantage are those you need to learn principally for this function, and you can be taught them via formal project management training or on the job as a task manager.

You’ll additionally should be trained common task management ideas and tools, which that you may decide upon up through practicing or work event. They didn’t include those within the listing right here (but they are in the FAQs beneath) since the accurate options and equipment you need depend on preferences in your business, business and group, and you have got a large choice to choose between.

difficult talents for assignment management

apart from getting to know particular task management strategies and tools, these are the tough competencies that you could benefit from formal practicing or on-the-job experience in mission management.

1. possibility management

The procedure of constructing mindful decisions to maximize the upsides and minimize the downsides of actions for your business is known as risk administration.

As a mission supervisor, you have to be privy to a project’s capabilities for income or loss and the selections that could lead to both. all through the undertaking, make sure to be attuned to the stakeholders’ measures of success and how every grownup’s decisions and movements may contribute to—or detract from—achieving those aims.

remember to understand your enterprise’s (or the department’s) risk tolerance—do they have a price range dedicated to experimentation, or does every challenge need to yield a earnings? With that framework, you could mediate selections concerning the assignment’s timeline, elements and desires.

2. charge management

You’ll both receive a finances for a project or be tasked with featuring a value estimate for resolution makers to approve. It’s your job throughout the challenge to dwell aware about the charges and maintain the mission from going over finances.

charge in mission administration is one part of what’s referred to as the “triple constraint” or the “assignment administration triangle”—the three boundaries of cost, time and scope that outline the challenge.

Managing cost includes balancing that constraint with the different two. You should stay inside finances while maintaining the timeline on track and pleasurable however not exceeding the scope.

3. analyzing and Writing

analyzing comprehension and clear writing are a must-have abilities for assignment managers. effective analyzing and writing knowledge are vital for just about any job, and they play a very admired role in mission administration.

You may be tasked with studying and deciphering technical documents or criminal jargon with which you have no area matter skills. you then should turn that counsel into briefs everybody involved with the venture can follow.

4. Planning and Forecasting

one of the crucial key roles of the venture supervisor is creating a roadmap for the project that’ll ebook all other stakeholders in their roles.

you should definitely have a penchant for order and firm; a quiet love for clear, measurable desires; and an understanding of tools like a Gantt chart and other visible representations of undertaking timelines and milestones.

Forecasting comprises offering a prediction of undertaking results—profitability, in selected—for managers and enterprise leadership. You need to be at ease with facts analysis so you can interpret how previous initiatives have carried out and use the counsel to inform the way forward for the current undertaking.

smooth expertise for undertaking management

which you could’t gain knowledge of particular strategies or practices for these assignment management abilities, but these innate strengths are important to your success in a task administration role.

5. management

even though you don’t spearhead projects yourself in this function, your complete job is guiding others through a assignment. That requires administration and management capabilities to feel at ease doing issues like facilitating meetings, retaining participants in charge and imposing constraints.

A challenge supervisor faces a very challenging project during this function, because you ought to be capable of supply management for the assignment with out being in a leadership or determination-making place.

6. communique

Hand in hand with management is strong verbal exchange. You’re the point of contact for events in a project who may also don't have any other contact with every other, and you have got to facilitate cohesive teamwork inside that atmosphere.

make sure you feel confident decoding the wants of 1 group or branch and explaining them to an extra.

You’ll likely also mediate conflicts amongst stakeholders and deal with negotiations about time, can charge and scope. You need to be in a position to keep in mind everybody’s role and point of view while diplomatically speaking them throughout the assignment.

project managers should be masters of written, verbal and visible communique. You’ll face cases of all three, and gaining knowledge of all of them means that you can speak effortlessly with a various community of challenge stakeholders.

7. Time management

moreover discovering complicated expertise for planning, forecasting and scheduling projects, make sure to possess or increase a personal strength for time administration.

Do you think comfy juggling diverse deadlines, constraints and stakeholder wants—or do you develop into overwhelmed in the event you’re confronted with too many priorities at once?

studying to lightly and constantly control a complex timeline and support others reside on task is a a must-have ability for undertaking administration. So is the innate capability to foresee complications that could derail your timeline and indicate solutions to dwell on track.

here is a smooth ability that you could gain knowledge of, but mission management is likely greatest desirable for those that have a herbal tendency toward firm and order.

8. endurance

Being at the core of dissimilar teams trying to work collectively towards a typical purpose can also be moneymaking—and it may also be irritating.

You’re in charge of managing disparate expectations and ambitions, all while mediating battle,speaking wants and helping each person around you're employed inside the constraints you’re given for a assignment. All of those require severe patience.

you could’t support a task obtain success if you supply into frustration when challenges come up or milestones aren’t met. that you may’t facilitate conversation and teamwork if you take up the frustrations or resentments boiling among teams.

Your capacity to continue to be a calm, neutral party is a must-have to your success as a undertaking supervisor, as neatly as the success of a challenge and the success and delight of the individuals engaged on it. Your persistence through challenges can inspire persistence and diffuse conflicts, whereas your impatience or frustration could equally demoralize and exacerbate issues.

9. Adaptability

equipment and techniques for undertaking management are consistently evolving towards stronger effectivity, teamwork and verbal exchange. make sure you savor and excel at getting to know new programs and methods straight away and encouraging others to get on board.

A measure of tech savviness is crucial because tons of your position is knowing and safely using project management utility, in addition to different tools for things akin to analytics, document creation and sharing and verbal exchange.

smooth advantage like adaptability and adaptability are equally vital here, too. You ought to exhibit a willingness to gain knowledge of and adopt new know-how and ideas before that you may gain knowledge of the hard competencies to make use of them. A nimble frame of mind sets you up for success with anything new that’ll be thrown at you, even with your starting degree of tech wisdom.

Your attitude is also essential for the success of the individuals you work with. You need their buy-in to retain communication clear and projects on the right track, and you can simplest get that in case you’re totally onboard with new equipment and methods yourself.

10. vital thinking

Key for any management function, important considering will come into play daily in assignment management. You ought to be able to make brief decisions within a set of constraints, foreseeing the potential implications for the way forward for a project.

vital thinking in undertaking administration helps your capacity to research the statistics and assistance you’re given to make choices in the strategy planning stage then elevate that expertise right through the undertaking as situations trade. It helps you are making calls as necessary to negotiate constraints and hang stakeholders liable.

the way to advance mission administration capabilities

you could hone your competencies and abilities through formal training,work journey or both.

PMP Certification

a common route in assignment management is to earn your mission management expert Certification (PMP), which is administered by using the venture administration Institute (PMI).

The certification indicates you have the delicate abilities, technical talents and understanding of enterprise method fundamental to succeed as a mission supervisor, including particular journey or working towards with probably the most normal undertaking administration strategies: agile, waterfall and hybrid.

To put together for the exam—and be trained the necessary venture management expertise—you must profit work experience and assignment administration practicing. the required variety of hours for each and every depends upon whether you have a four-year diploma or now not.

that you can take PMP training via PMI or different online lessons, which might be focused on issues like task administration methods, the method, tools and extra.

A certification validates your skill set for talents employers, so it could make you more attractive to organizations and Boost your pay. but a certification isn’t required to do the job, and it’s no longer a certain you’ll discover work or success in the container.

Free online classes

which you could gain knowledge of assignment administration knowledge through free online courses that may also or may additionally now not make contributions to required working towards hours for PMP certification, but they'll train you the complicated and gentle talents obligatory to do the job.

locate university-led lessons on mission management skills, equipment and suggestions through sites that offer mass open online classes (MOOCs), including Coursera and edX.

Work adventure

that you could get began as a assignment supervisor without any formal working towards or classes. Your herbal strengths might set you up for fulfillment within the position and make it convenient that you can adopt the equipment and suggestions you want.

To gain expertise on the job, pay attention to projects you’re involved with first. preserve an eye on the mission supervisor’s day-to-day work, and ask them inquiries to consider what they do. Being attuned to the procedure can provide you terrific insight into the advantage you need to do the job.

Then, take expertise of any alternatives in your latest position to lead tasks, manipulate americans or arrange any tactics or movements. The expertise and adventure you develop in this type of work can switch to success in a task supervisor role, despite the fact that it doesn’t comply with formal undertaking administration strategies.

frequently requested Questions (FAQs) What does a task supervisor do on an everyday groundwork?

A challenge manager’s job is to supervise the timeline, charges and scope of a venture within a crew or enterprise. day-to-day initiatives fluctuate and may include facilitating conferences, writing briefs and stories, examining statistics, communicating with stakeholders and advocating to management for project needs.

What’s the primary factor a challenge manager may still do on a undertaking?

The five phases of assignment management encompass initiation, planning, execution, monitoring and closure. A challenge supervisor’s first step on a challenge is initiation: outline the assignment and examine even if it’s feasible for the business to undertake it. If the reply is yes, you create a task charter that outlines the wants, stakeholders and enterprise case for the undertaking.

What are the choicest task management equipment?

task management tools may still facilitate communique, assignment management, planning and forecasting for tasks. one of the most finest assignment administration utility contains Wrike, Asana, Monday, Basecamp and Jira. Which is highest quality to your undertaking depends on the trade and the venture’s needs.

What are the desirable mission management thoughts?

The exact undertaking administration ideas are the common waterfall, also called predictive or linear project management; agile or adaptive; and hybrid, which combines the two. commonplace equipment and suggestions that you may use within each system encompass work breakdown structure (WBS), Gantt charts, essential course formulation (CPM), Kanban and scrum.

What may still each assignment manager recognize?

project managers should still be time-honored with the ordinary mission management strategies and equipment, including agile and waterfall. you should also have fundamental gentle potential vital for management, verbal exchange, time administration, adaptation and demanding pondering on tasks.

What are the qualifications of a task supervisor?

Some groups require a mission management skilled (PMP) certification, which requires a four-yr diploma, 36 months main tasks and 35 hours of training; or a high school diploma, 60 months leading projects and 35 hours of coaching. You will also be a project supervisor with out the certification, although, so long as you master the hard and delicate abilities outlined above.

How do I develop into a venture manager and not using a experience?

which you can develop into a undertaking supervisor without a journey or training simply via gaining journey and capabilities in areas corresponding to time administration, project management and management. Hone the smooth capabilities listed above, and seem to be at no cost online training to learn the challenging talents and challenge administration methods and equipment. you can also get formal practising and qualify to take an examination to earn an authorized affiliate in mission administration (CAPM) credential with out project management work journey.




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