PMI-RMP Exam Overview
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- 1. What is your name and where are you from? What is the nature of your job? Have you involved in any Project Management works in the last 3 years?
2. At the end of this course, participants will be able to: !Describe and understand all Risk Management dened processes, as outlined in the PMBOKGuide Fifth Edition !Gain the necessary information to prepare for the PMI-Risk Management Professional (PMI-RMP) Certication Exam !Use internationally recognizedbest practices for managing project risks. !Learn how to plan project risk management approach, to understand and manage risk attitudes 3. ! Demonstrate the impact of successful Risk Management to the organization ! Recognize the key differences between managing risks in project versus business environment ! Have a practical set of self-study techniques and bibliography of reference material ! Apply proven techniques to identify project risks, analyze and create risk register ! Be more focused and proactive about preventing problems, rather than just dealing with them as they occur 4. Overview of PMI-RMP Exam Risk Management Overview Plan Risk Management Identify Risk Perform Qualitative Analysis Perform Quantitative Analysis Plan Risk Response Control Risk Risk Management Relation 5. TimeDay 1Day 2Day 3Day 4 09:00 10:30PMI-RMP Exam Overview Identify RiskPerform Quantitative Risk Analysis Tailoring Risk Management to Project Management 10:30 11:00NUTRITION BREAK 11:00 12:00Readiness Assessment Case Study Identify Risk Plan Risk ResponseReview and QA 12:15 13:00NUTRITION REPLENISHMENT13:00 15:00Risk Management Overview Perform Qualitative Risk Analysis Control RiskFinal Exam Simulation 15:00 15:30NUTRITION BREAK 15:30 17:00Plan Risk Management Case Study Qualitative Assessment Case Study and Presentation Final Exam Simulation 6. PMIs certication program is designed to ensure that all credential holders have demonstrated their competence through fair and valid measures PMI certication and credentials are developed by project management practitioners for practitioners 7. Globally recognized and demanded Specialized role in project risk management Acknowledge the individuals unique expertise on the project team PMI-RMP credential holder has competence in the specialized area of: assessing and identifying project risks mitigating threats and capitalizing on opportunities maintains a basic level of competence in all areas of project management 8. Educational Background Project Risk Management Experience Project Risk Management Education Secondary diploma (high school diploma, associates degree or global equivalent) At least 4,500 hours spent in the specialized area of professional project risk management within the last ve consecutive years 40 contact hours of formal education in the specialized area of project risk management OR Four-year degree (bachelors degree or global equievalent) At least 3,000 hours spent in the specialized area of professional project risk management within the last ve consecutive years 30 contact hours of formal education in the specialized area of project risk management 9. Application Submission 90 days to complete application Application Completeness Review 5 days Applicant Payment Process Audit Process 90 days to send audit materials and 5-7 days to be processed by PMI Multiple-Choice Examination Eligibility 1 year. Up to 3 times Certication Cycle Credential Maintenance 3 years. 30 PDUs required Credential Renewal 30 PDUs earned and submit renewal fees Credential Suspension 1 year Credential Expiration At the end of suspension 10. Multiple-choice questions 170 questions with 150 scored questions and 20 unscored questions Computer-based testing (CBT) 3.5 hours examination time No scheduled breaks (time continuously counting down) Preceded by tutorial and followed by a survey 11. Domain Percentage of Questions Domain 1 Risk Strategy and Planning (5 tasks)19-20% Domain 2 Stakeholder Engagement (9 tasks)19-20% Domain 3 Risk Process Facilitation (7 tasks)25-28% Domain 4 Risk Monitoring and Reporting (7 tasks)19-20% Domain 5 Perform Specialized Risk Analyses (3 tasks)14-16% TOTAL100% 12. 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 Update risk policies and procedures using information such as lessons learned from projects and outputs of risk audits in order to improve risk management effectiveness Develop and recommend project risk strategy based on project objectives in order to establish the outline for the risk management plan 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 dene, fund, and staff effective risk management processes for the project that align with other project plans Establish evaluation criteria for risk management processes based on project baselines and objectives in order to measure effectiveness of the project risk process 13. 1. Risk Strategy and Planning 2. Stakeholder Engagement 3. Risk Process Facilitation 4. Risk Monitoring and Reporting 5. Perform Specialized Risk Analysis 14. " Includes 19-20% of all certication exam questions. " All risk activities related to developing policies, processes, and procedures for risk assessment, planning, and response. " 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. " Stakeholder risk tolerance, Stakeholder consensus 15. " Includes 19-20% of all certication exam questions" All activities related to promoting the understanding of project risk management for stakeholders and project team members, assessing stakeholder risk tolerance, prioritizing project risk, and promoting risk ownership. " Information resources, OPA, EEF, Project performance information, Stakeholder sensitivity analysis models, Training and coaching techniques, 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 afnity diagram). " Stakeholder risk tolerance (appetite and attitude), Collaborating with stakeholders, Managing teams in multicultural environments, Inuencing change 16. " Includes 25-28% of all certication exam questions " All activities related facilitating risk identication, evaluation, prioritization, and response among project team members. " Tools and techniques risk identication, qualitative risk analysis , quantitative risk analysis, Risk response strategy types, Contingency management, Risk monitoring and control techniques, Group decision making, Group creativity " Skills in using analytical software tools for project risk management, Managing teams in multicultural environments, Estimating probability and impact of identied risks 17. " Includes 19-20% of all certication exam questions" All activities related to monitoring risk, evaluating risk response against established metrics, and communicating risk response performance to stakeholders and project team. " Knowledges 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, Requirements for risk register data elds, Risk statement construction, Risk response activity construction, Risk response metrics, Risk process performance metrics, Risk assessment analysis metrics, Risk management reserves 18. " Includes 14-16% of all certication exam questions" All activities related to the specialized quantitative and qualitative tools and techniques used by project risk management professionals. " Knowledges of Advanced risk identication tools and techniques, Advanced quantitative risk analysis tools and techniques, Tools and techniques for identifying and analyzing overall project risk, Basic and advanced statistics, Estimation tools and techniques to support risk decision making, Advanced theory of heuristics and other sources of cognitive bias, Variance/Earned Value Analysis " Skills in Converting qualitative information into risk data, Building representative risk models, Managing and interpreting quantitative and qualitative data 19. Test your current knowledge 20. Your professional Management Solution