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  • PMIRiskManagementProfessional(PMIRMP)ExamPreparationStudent Courseware Book

    The PM Instructors

    EXAM DOMAINS COVERED INCLUDE: Risk Communication

    Risk Analysis

    Risk Response Planning

    Risk GovernanceBased on the PMBOK Guide 4th edition.

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    Copyright, Use, and Resale Prohibitions All content in this book is copyrighted under the U.S. Copyright laws, and NEVER LIMITED PUBLISHING owns the copyright and the Book itself. Other than as stated in this Single Use License Agreement, you may not copy, print, modify, remove, delete, augment, add to, publish, transmit, sell, resell, create derivative works from, or in any way exploit any of the books content, in whole or in part, and you may not aid or permit others to do so. The unauthorized use or distribution of copyrighted or other proprietary content is illegal and could subject the purchaser to substantial money damages. Purchaser will be liable for any damage resulting from any violation of this License Agreement, including any infringement of copyrights or proprietary rights. The PM Instructors Author: Vanina Mangano, PMP, PMI-RMP A Never Limited Publishing Book All rights reserved. Copyright 2009, by The PM Instructors Version 2. First Printing 2009 Printed in the United States of America. All productions or services mentioned in this book are trademarks of their respective companies or organizations. Never Limited Publishing books may be purchased for educational, business, or sales promotional use. For more information contact 888-687-6629 x3.

  • The PM Instructors Phone: (888) 687-6629 Web: www.ThePMInstructors.com

    iii

    Table of Contents Module 1 ..................................................................................................................1 Module 1.1: Course Introduction ...........................................................................2

    Utilizing Course Materials.................................................................................................. 3 Module 1.2: PMI-RMP Credential Overview.........................................................4

    The Project Management Institute..................................................................................... 5 Credential Overview .......................................................................................................... 6 Individual Assessment....................................................................................................... 9

    Module 1.3: Introduction to Project Risk ............................................................14 What is Risk?................................................................................................................... 15 Classifying Risk ............................................................................................................... 18 Project Environment ........................................................................................................ 23 Approach to Risk Management ....................................................................................... 29 Project Risk Management Knowledge Area .................................................................... 30 Review............................................................................................................................. 32 Labs................................................................................................................................. 33 1.3 Practice Exam Questions .......................................................................................... 34 Test Your Knowledge ...................................................................................................... 37 PMBOK Guide Review .................................................................................................. 43

    Module 2 ................................................................................................................44 Module 2.1: Introduction to Project Risk ............................................................45

    Risk Management Plan Contents .................................................................................... 46 Generate the Risk Management Plan ............................................................................. 49 Review............................................................................................................................. 52 Labs................................................................................................................................. 53 2.1 Practice Exam Questions .......................................................................................... 54 Test Your Knowledge ...................................................................................................... 57 PMBOK Guide Review .................................................................................................. 60

    Module 2.2: Risk Register ....................................................................................61 Risk Register Contents.................................................................................................... 62 Risk Register Update Cycle............................................................................................. 63 Risk Register Resources ................................................................................................. 64 Managing the Risk Register ............................................................................................ 65 Review............................................................................................................................. 66 Labs................................................................................................................................. 67 2.2 Practice Exam Questions .......................................................................................... 68 Test Your Knowledge ...................................................................................................... 71 PMBOK Guide Review .................................................................................................. 73

    Module 3 ................................................................................................................74 Module 3.1: Building a Communication Foundation..........................................75

    Risk Communication........................................................................................................ 76 Communication Basics .................................................................................................... 77 Communication Types..................................................................................................... 78 Communication Methods................................................................................................. 79 Communication Channels ............................................................................................... 81 Communication Theories................................................................................................. 82 Communications Management Plan................................................................................ 84

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    Review............................................................................................................................. 88 Labs................................................................................................................................. 89 3.1 Practice Exam Questions .......................................................................................... 90 Test Your Knowledge ...................................................................................................... 93 PMBOK Guide Review ................................................................................................ 100

    Module 3.2: General Management & Leadership Skills ...................................101 General Management.................................................................................................... 102 General Management Skills .......................................................................................... 103 Interpersonal Skills ........................................................................................................ 104 Leadership Styles .......................................................................................................... 105 Conflict Management..................................................................................................... 106 Management Theories................................................................................................... 109 Review........................................................................................................................... 114 Labs............................................................................................................................... 115 3.2 Practice Exam Questions ........................................................................................ 116 Test Your Knowledge .................................................................................................... 119 PMBOK Guide Review ................................................................................................ 125

    Module 3.3: Stakeholder Management ..............................................................126 Communicating with Stakeholders ................................................................................ 127 Stakeholder Needs ........................................................................................................ 130 Stakeholder Risk Tolerance ...................................................