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Topics Measured by PMI-RMP
The PMI-RMP exam will cover several risk management-related topics that you need to master beforehand. So, here's a look at some of these domains and their concepts:
- Risk Monitoring and Reporting
With about 20% of the exam spinning around this portion, it's a must-know for everyone hoping to earn the PMI-RMP certificate. In particular, this topic deals with how specialists monitor risks and communicate performance to other team members and stakeholders.
- Perform Specialized Risk Analysis
No more than 14%-16% of the questions will stem from this part. So, here, you'll get to express your knowledge of using specialized tools and best practices for project risk management with the help of basic as well as higher-level statistics.
- Risk Process Facilitation
25% to 28% of the test questions will revolve around this section. It involves the processes through which team members identify, analyze, and respond to risks in a project. Also, tools & methods for fundamental quantitative risk analysis is assessed by this part.
- Risk Strategy and Planning
The concepts covered in this area will make up around 20% of all exam questions. Particularly, it tests your ability to plan out procedures for risk identification, analysis, and mitigation. It also gives you a chance to prove your expertise when it comes to developing and improving risk management processes for a project.
- Stakeholder Engagement
This scope takes up to 20% of the questions you will encounter in the PMI-RMP test. It covers the areas related to helping stakeholders and workers understand the risks involved in their project. Your ability to train and use coach techniques will also be tested within such a topic.
How much PMI-RMP Exam Cost
The price of the PMI-RMP exam for members is $520 USD and for non-members is $670 USD.
Reference: https://www.pmi.org/certifications/risk-management-rmp
PMI PMI-RMP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Risk Identification | 23% | - Update risk register - Identify internal and external risks - Document risks and characteristics - Apply identification techniques - Capture opportunities as well as threats |
| Topic 2: Risk Strategy and Planning | 22% | - Align risk management with organizational and project objectives - Define risk appetite, threshold, and tolerance - Create risk management plan - Integrate risk management into project lifecycle - Develop risk management strategy |
| Topic 3: Risk Response Planning | 13% | - Select appropriate response actions - Develop response strategies for threats and opportunities - Integrate responses into project plan - Assign owners and responsibilities |
| Topic 4: Risk Monitoring and Reporting | 19% | - Capture lessons learned - Track effectiveness of responses - Identify new and emerging risks - Communicate risk status to stakeholders - Monitor identified risks and triggers - Update risk register and documents |
| Topic 5: Risk Analysis | 23% | - Assess probability and impact - Perform quantitative risk analysis - Use simulation and modeling techniques - Perform qualitative risk analysis - Prioritize risks |
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