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Page 1: PMI-RMP Exam Overview

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•  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?

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At the end of this course, participants will be able to: ! Describe and understand all Risk Management defined

processes, as outlined in the PMBOK® Guide Fifth Edition ! Gain the necessary information to prepare for the PMI-Risk

Management Professional (PMI-RMP®) Certification Exam ! Use internationally recognized best practices for managing

project risks. ! Learn how to plan project risk management approach, to

understand and manage risk attitudes

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!  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

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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

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Time Day 1 Day 2 Day 3 Day 4

09:00 – 10:30 PMI-RMP Exam Overview

Identify Risk Perform Quantitative Risk Analysis

Tailoring Risk Management to Project Management

10:30 – 11:00 NUTRITION BREAK

11:00 – 12:00 Readiness Assessment

Case Study Identify Risk

Plan Risk Response Review and QA

12:15 – 13:00 NUTRITION REPLENISHMENT

13:00 – 15:00 Risk Management Overview

Perform Qualitative Risk Analysis

Control Risk Final Exam Simulation

15:00 – 15:30 NUTRITION BREAK

15:30 – 17:00 Plan Risk Management

Case Study Qualitative Assessment

Case Study and Presentation

Final Exam Simulation

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•  PMI’s certification program is designed to ensure that all credential holders have demonstrated their competence through fair and valid measures

•  PMI certification and credentials are developed by project management practitioners for practitioners

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•  Globally recognized and demanded •  Specialized role in project risk management •  Acknowledge the individual’s 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

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Educational Background Project Risk Management Experience

Project Risk Management Education

Secondary diploma (high school diploma, associate’s degree or global equivalent)

At least 4,500 hours spent in the specialized area of professional project risk management within the last five consecutive years

40 contact hours of formal education in the specialized area of project risk management

OR Four-year degree (bachelor’s degree or global equievalent)

At least 3,000 hours spent in the specialized area of professional project risk management within the last five consecutive years

30 contact hours of formal education in the specialized area of project risk management

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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

Certification 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

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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

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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% TOTAL 100%

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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 define, 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

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1.  Risk Strategy and Planning 2.  Stakeholder Engagement 3.  Risk Process Facilitation 4.  Risk Monitoring and Reporting 5.  Perform Specialized Risk Analysis

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"  Includes 19-20% of all certification 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

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"  Includes 19-20% of all certification 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 affinity diagram).

"  Stakeholder risk tolerance (appetite and attitude), Collaborating with stakeholders, Managing teams in multicultural environments, Influencing change

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"  Includes 25-28% of all certification exam questions "  All activities related facilitating risk identification, evaluation,

prioritization, and response among project team members. "  Tools and techniques risk identification, 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 identified risks

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"  Includes 19-20% of all certification 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 fields, Risk statement construction, Risk response activity construction, Risk response metrics, Risk process performance metrics, Risk assessment analysis metrics, Risk management reserves

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"  Includes 14-16% of all certification exam questions "  All activities related to the specialized quantitative and qualitative tools

and techniques used by project risk management professionals. "  Knowledges of Advanced risk identification 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

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Test your current knowledge

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