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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 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 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.

• 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.

• 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.

Reference: https://www.pmi.org/certifications/risk-management-rmp

Stakeholder Engagement (19-20%)

• Engaging the stakeholders on the risk prioritization process according to the stakeholder risk tolerance and different relevant standards for optimizing the consensus regarding priorities;
• Utilizing the tools and processes such as analyzing historical stakeholder behaviors and interviewing stakeholders to assess stakeholder risk tolerance for identifying the project risk thresholds;
• Utilizing the interpersonal skills to develop a common understanding of the importance of risk management to foster the proper level of risk ownership, responsibility, and shared accountability;
• Training, coaching, and educating the stakeholders in risk processes and principles to create a common understanding of processes & principles, as well as foster involvement in risk management;
• Providing the risk-related advice to the stakeholders concerning risk planning and strategy, risk reporting, risk process facilitation, and functional risk tasks utilizing useful communication techniques for supporting effective risk-based decision making;
• Utilizing useful communication methods and sharing information on project risk performance to liaise with the stakeholders of other projects to notify them about suggestions for their projects.
• Coaching the project team members in performing risk processes to secure the regular utilization of risk processes;
• Promoting risk ownership by proactively communicating responsibilities and roles as well as involving project team members in the expansion of risk responses for improving the risk response execution;

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Risk Monitoring and Reporting (19-20%)

• Analyzing the risk process performance toward established metrics for driving the risk process improvements;
• Updating the project risk management plan utilizing the relevant external and internal inputs for keeping the plan current;
• Utilizing the standard tools & techniques to document and regularly update the project risk data for maintaining a current repository of all the project risk information;
• Monitoring the risk response metrics by examining risk response display information and presenting to key stakeholders for ensuring analysis of risk as well as developing extra risk response strategies to remove secondary & residual risks;
• Utilizing the risk-related metrics as defined in the risk management plan to create the periodical standard and custom reports for communicating the risk management status and activities;
• Coordinating with project manager utilizing communication techniques for integrating the risk management during the project;
• Capturing the risk lessons discovered through a thorough review of the project risk process performance reports, risk management plan, risk audits, risk register, and other reports for incorporating into later risk planning.

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