PMI PMI-RMP : PMI Risk Management Professional

Key Details to Know

The PMI-RMP certification exam contains a total of 170 multiple-choice questions, which are to be completed within the allocated timeframe of 210 minutes. The test has a tutorial and a survey that are optional for every candidate. Each of them can take at least 15 minutes of your time. However, this time is not included in the exam time of 210 minutes. 20 questions out of 170 are pretest items, so they do not affect your overall score. These questions are included in the content of this test to legitimize its validity. The computer-based exam is administered by the Pearson VUE testing company and is delivered in the English language only. The exam will cost you $520 if you are a PMI member and $670 if you are a non-member. If you fail the test at your first attempt, you will have the opportunity for two retakes within a 1-year eligibility period. The retake fee amounts to $335 for the members and $435 for the non-members.

The PMI-RMP certificate required renewal every three years. To maintain your certification status, you will need to earn 30 Professional Development Units (PDUs) in the risk management domain with a 3-year period.

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Requirements

The PMI-RMP certification exam is designed for those individuals who hold a position of a Project Manager and concentrate on project risk management such as complex environments and large projects. The potential candidates are also required to have high-level knowledge and expertise in risk management. Moreover, the applicants must fulfill some prerequisites before applying for this test. They should have a secondary degree as well as possess 36 months of working experience in project risk management within the last 5 years, and 40 hours of education in this sphere. On the other hand, those applicants who hold a four-year degree, 24 months of working experience in project risk management within the last 5 years, and 30 hours of education in project risk management are eligible for this exam as well.

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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:

• 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.

• 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.

• 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 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 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.

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

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Risk Monitoring and Reporting (19-20%)

• 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;
• 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.
• Analyzing the risk process performance toward established metrics for driving the risk process improvements;
• 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;
• 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;

Pre-trying experience before purchasing

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PMI PMI-RMP Exam Syllabus Topics: