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Exam Number : PMI-RMP
Exam Name : PMI Risk Management Professional
Vendor Name : PMI
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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 Excellerate 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 Excellerate 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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Capital project administration software Market is going To increase | Oracle, Sciforma, Planisware | PMI-RMP braindump questions and braindumps

improve Market Analytics published a new analysis booklet on “Capital challenge administration software Market Insights, to 2026″ with 232 pages and enriched with self-defined Tables and charts in presentable structure. within the study you'll find new evolving tendencies, Drivers, Restraints, alternatives generated via focused on market associated stakeholders. The boom of the Capital venture administration software market turned into peculiarly pushed via the expanding R&D spending internationally.

some of the key avid gamers profiled in the examine are:

Oracle organisation (u.s.), Dude options (united states), Sciforma (France), Accruent,  LLC (u.s.), AssetWorks,  LLC (united states), Aurigo software technologies,  Inc. (u.s.), CapitalSoft Inc. (India), Intergraph (united states), ARES assignment administration LLC (united states), Finario (united states), Planisware (France).

Get Free unique PDF demo copy of This research @ https://www.advancemarketanalytics.com/pattern-record/105459-international-capital-assignment-administration-application-marketScope of the report of Capital undertaking administration utility Capital venture administration software manages operations and fees in connection with capital initiatives (long-term capital-intensive projects). massive corporations can use this class of utility to outline, plan, and video display the entire activities required to create and control capital belongings. Capital undertaking management is notably used with the aid of giant businesses in industries reminiscent of development and infrastructure management, however can also be used through manufacturers and agents to construct facilities such as factories and distribution facilities. Capital project administration is offered as standalone application or as a adaptation of the venture and portfolio management utility or the development administration application. This class of software will also be built-in for fiscal applications into ERP methods and accounting utility in addition to into the core utility for personnel and personnel management as a way to manipulate the employees thinking in capital initiatives. to be able to qualify for inclusion in the capital project management class, a product must supply a relevant repository with mission assistance from distinctive sources, comprise venture and portfolio administration features for capital projects, manage budgets for complex projects and compare them with specific expenses, in addition to visibility throughout diverse areas tasks, portfolios and business areas enrich and deliver company approaches to enhance collaboration and productiveness.

The titled segments and sub-part of the market are illuminated beneath:

by means of class (Cloud-based, web-based mostly), application (document handle, tracking assorted projects, Reporting and Accounting, communication between Managers and Contractors, Work Order and stock administration, customer Relationship Database), firm size (Small and Medium-Sized corporations (SMEs), massive organisations), Platform (windows, IOS, Android, Others), Subscription classification (month-to-month Subscription, Annual Subscription, One-Time License), gadget Used (pills, PCs, Laptops, Others)The Capital task management utility Market document gives a primary overview of the industry including its definition, geography segment, conclusion use/software section and competitor segment and manufacturing know-how. Then, the record explores the foreign fundamental industry gamers in detail.

Market tendencies:boom within the Use of Cloud-primarily based platforms

Ease of Use and Implementation of the Capital assignment administration utility

opportunities:increasing Technological advancements Taking vicinity throughout the Globe

Technological Upgradation in Capital task administration software

starting to be Demand from conclusion-consumer industry

Market Drivers:expanded a large number of purposes of Capital venture administration application

high Demand as a result of the potential to provide excessive excellent, fast, accurate, real-time statistics

raise in the Automating of the executive initiatives in agencies

increasing Use of Capital assignment management software in Small and Medium-Sized organisations

Challenges:Availability of new superior technologies

risk of Virus might avert the Capital assignment administration application

Demand for top-end Processors place blanketed are: North the us, Europe, Asia Pacific, Oceania, South america, core East & Africa

nation degree destroy-Up: united states, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, united kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand and many others.

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Strategic aspects lined in table of content material of global Capital mission management application Market:

Chapter 1: Introduction, market riding drive product goal of analyze and analysis Scope the Capital challenge administration software market

Chapter 2: unique abstract – the basic counsel of the Capital assignment administration utility Market.

Chapter 3: exhibiting the Market Dynamics- Drivers, developments and Challenges & opportunities of the Capital undertaking administration application

Chapter four: presenting the Capital project management application Market element analysis, Porters five Forces, supply/price Chain, PESTEL evaluation, Market Entropy, Patent/Trademark evaluation.

Chapter 5: exhibiting the by using classification, conclusion person and vicinity/country 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Capital project administration utility market which incorporates its competitive landscape, Peer group evaluation, BCG Matrix & company Profile

Chapter 7: To evaluate the market by way of segments, by using international locations and by way of producers/company with income share and sales by using key international locations in these a lot of regions (2021-2026)

Chapter eight & 9: showing the Appendix, Methodology and statistics supply

finally, Capital assignment management utility Market is a advantageous supply of guidance for people and organizations.analysis Methodology:

  • The appropriate-down and backside-up processes are used to estimate and validate the size of the international Capital project administration utility
  • in an effort to reach an exhaustive listing of purposeful and critical gamers who offer Capital undertaking administration application numerous trade classification specifications are closely adopted corresponding to NAICS, ICB, SIC to penetrate deep in essential geographies.
  • Thereafter, an intensive validation test is carried out to reach most central avid gamers chiefly having product line i.e. Capital venture management utility.
  • so as to make priority listing sorting is done in accordance with income generation as per existing reporting with the support of paid databases reminiscent of Factiva, Bloomberg etc.
  • at last the questionnaire is set and certainly designed to tackle all of the needs for primary information collection after getting prior appointment. This helps us to collect the facts for the avid gamers’ income, earnings, products, boom and many others.
  • basically eighty% of statistics is collected through simple medium and further validation is executed through various secondary sources that includes Regulators, World bank, association, company site, Annual studies, press releases and so forth.
  • study certain Index of full research analyze at @ https://www.advancemarketanalytics.com/reports/105459-international-capital-mission-management-application-market

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    improve Market Analytics is global leaders of Market research business offers the quantified B2B analysis to Fortune 500 organizations on high growth rising alternatives so that they can affect more than eighty% of international businesses’ revenues.

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