2. In case you have a four-year degree such as a bachelor's degree, you need to have:
- worked as a project manager for 24 months in the past 5 years;
- undergone project risk management education for at least 30 hours.
This PMI-RMP exam is open to everyone who meets the aforementioned requirements and when it comes to the test details, it contains multiple-choice questions about risk identification, strategies, analysis, mitigation procedures, and best practices. In all, you will have 3 hours and 30 minutes to choose the correct answers to 170 items. What concerns the exam entry fee, the prices for PMI members and non-members differ. Thus, members of the PMI pay $520 for the official test while non-members pay $670. So, if you want to save another $150 on your PMI-RMP certification, you can become a PMI member by registering on their website. To add more, the PMI-RMP exam will be held in any of the Pearson VUE-approved centers in your area. Overall, there are several such testing centers around the world so all you need to do is to find one near your location. Finally, eligible candidates are allowed to take the PMI-RMP exam a maximum of 3 times within one year of eligibility.
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Risk Process Facilitation (25-28%)
- Utilizing the quantitative and qualitative techniques & tools to facilitate the evaluation of the project team’s of the recognized risks’ attributes for prioritizing the risks for response planning;
- Providing the risk data to schedule and cost analysts to assure that project risk is correctly displayed in the schedule and cost estimates for the project;
- Using the scenarios to evaluate the key requirements & dependencies and validate potential risk responses for enhancing the probability of project success.
- Applying the risk assessment tools and processes to determine risk levels and measure stakeholder risk tolerances;
- Facilitating the creation of project emergency reserve according to the risk display of the project to have the resources and capability for responding to the realized risks;
- Facilitating the expansion of the related risk actions and aligned risk response strategy by risk owners from the data found during the risk analysis to ensure defined & timely action when needed;
- Utilizing different techniques to facilitate risk identification for enabling the stakeholders and project team to determine & understand the risk display of the project;
For more info visit:
Reference: https://www.pmi.org/certifications/risk-management-rmp
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PMI PMI-RMP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Risk Strategy and Planning | 22% | - Create risk management plan - Develop risk management strategy - Align risk management with organizational and project objectives - Integrate risk management into project lifecycle - Define risk appetite, threshold, and tolerance |
| Risk Response Planning | 13% | - Assign owners and responsibilities - Develop response strategies for threats and opportunities - Select appropriate response actions - Integrate responses into project plan |
| Risk Monitoring and Reporting | 19% | - Track effectiveness of responses - Communicate risk status to stakeholders - Identify new and emerging risks - Monitor identified risks and triggers - Capture lessons learned - Update risk register and documents |
| Risk Analysis | 23% | - Assess probability and impact - Prioritize risks - Perform qualitative risk analysis - Perform quantitative risk analysis - Use simulation and modeling techniques |
| Risk Identification | 23% | - Identify internal and external risks - Capture opportunities as well as threats - Update risk register - Apply identification techniques - Document risks and characteristics |
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