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PMI PMI-RMP : PMI Risk Management Professional Exam

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Exam Number : PMI-RMP
Exam Name : PMI Risk Management Professional
Vendor Name : PMI
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PMI-RMP exam Format | PMI-RMP Course Contents | PMI-RMP Course Outline | PMI-RMP exam Syllabus | PMI-RMP exam Objectives


The Project Management Institute (PMI) offers a professional credential for project risk managers, known as the PMI Risk Management Professional (PMI-RMP). PMIs professional credentialing examination development processes stand apart from other project management certification examination development practices. PMI aligns its process with certification industry best practices, such as those found in the Standards for Educational and Psychological Testing. A key component of this process is that organizations wishing to offer valid and reliable professional credentialing examinations are directed to use a role delineation study (RDS) as the basis for the creation of the examination. This process uses knowledge and task-driven guidelines to assess practitioner competence, and determine the level of salience, criticality, and frequency of each of the knowledge, tasks, and skills required to perform to the industry-wide standard in the role of a project risk manager. The role delineation study ensures the validity of an examination. Validation assures the outcome of the exam is in fact measuring and evaluating appropriately the specific knowledge and skills required to function as a project risk management professional. Thus, the role delineation study guarantees that each examination validly measures all elements of the project risk management profession in terms of real settings.
PMI-RMP credential holders can be confident that their professional credential has been developed according to best practices of test development and based upon input from the practitioners who establish those standards. Please see Appendix A for a detailed description of the process. The PMI-RMP examination is a vital part of the activities leading to earning a professional credential; thus, it is imperative that the PMI-RMP examination reflect accurately the practices of the project risk management professional. All the questions on the examination have been written and extensively reviewed by qualified PMI-RMP credential holders and are supported by current project risk management published references. These questions are mapped against the PMI-RMP Examination Content Outline to ensure that an appropriate number of questions are in place for a valid examination. PMI retained Professional Examination Service (PES) to develop the global PMI-RMP Examination Content Outline. Since 1941, PES has provided a full range of assessment and advisory services to organizations across a broad range of professions, in support of professional licensure and certification, training, and continuing professional education. PES is dedicated to promoting the public welfare through credentialing as a mission-driven, not-for-profit organization. Finally, while the PMI-RMP Examination Content Outline, the Practice Standard for Project Risk Management and PMBOK Guide have commonalities, it is important to note that those involved in the study described previously were not bound by the Practice Standard for Risk Management and/or PMBOK Guide. They were charged with defining the roles of individuals assessing and identifying project risks, mitigating threats and capitalizing on opportunities, and using their experience and pertinent resources to help in this task. Although many of the domains, tasks, knowledge, and skills outlined by the PMI-RMP Examination Content Outline are also covered by the Practice Standard for Project Risk Management and PMBOK Guide, there are some that are unique to the PMI-RMP Examination Content Outline. Candidates studying for the examination will certainly want to include the current edition of the Practice Standard for Project Risk Management and PMBOK Guide as two of their references, and would be well advised to read other current titles on project risk management.

Risk Strategy and Planning 1920%
Stakeholder Engagement 1920%
Risk Process Facilitation 2528%
Risk Monitoring and Reporting 1920%
Perform Specialized Risk Analyses 1416%
Total 100%

Tasks Risk Strategy and Planning (1920%)
Task 1 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. Task 2 Update risk policies and procedures using information such as lessons learned from projects and outputs of risk audits in order to Boost risk management effectiveness. Task 3 Develop and recommend project risk strategy based on project objectives in order to establish the outline for the risk management plan. Task 4 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. Task 5 Establish evaluation criteria for risk management processes based on project baselines and objectives in order to measure effectiveness of the project risk process.
Knowledge of:
=> Continuous process improvement as applied to risk management
=> Knowledge management techniques for organizing and providing access to project risk information
=> 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

Tasks Stakeholder Engagement (1920%)
Task 1 Promote a common understanding of the value of risk management by using interpersonal skills in order to foster an appropriate level of shared accountability, responsibility, and risk ownership.
Task 2 Train, coach, and educate stakeholders in risk principles and processes in order to create shared understanding of principles and processes, and foster engagement in risk management.
Task 3 Coach project team members in implementing risk processes in order to ensure the consistent application of risk processes.
Task 4 Assess stakeholder risk tolerance using processes and tools such as interviewing stakeholders and reviewing historical stakeholder behaviors in order to identify project risk thresholds.
Task 5 Identify stakeholder risk attitudes and cognitive biases using stakeholder analysis techniques in order to manage stakeholder expectations and responses throughout the life of the project.
Task 6 Engage stakeholders on risk prioritization process based on stakeholder risk tolerance and other relevant criteria, in order to optimize consensus regarding priorities.
Task 7 Provide risk-related recommendations to stakeholders regarding risk strategy and planning, risk process facilitation, risk reporting, and specialized risk tasks by using effective communication techniques in order to support effective risk-based decision making.
Task 8 Promote risk ownership by proactively communicating roles and responsibilities and engaging project team members in the development of risk responses in order to Boost risk response execution.
Task 9 Liaise with stakeholders of other projects by using effective communication techniques and sharing information on project risk performance in order to inform them of implications for their projects.
Knowledge of:
=> Information resources, both internal (for example, OPA) and external (for example, EEF)
=> Project performance information
=> Stakeholder sensitivity analysis models
=> Training and coaching techniques
=> Types of 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)
Skills in:
=> Assessing stakeholder risk tolerance (appetite and attitude)
=> Collaborating with stakeholders
=> Managing teams in multicultural environments
=> Influencing change

Tasks Risk Process Facilitation (2528%)
Task 1 Apply risk assessment processes and tools in order to quantify stakeholder risk tolerances and determine risk levels.
Task 2 Facilitate risk identification using a variety of techniques in order to enable the project team and stakeholders to understand and determine the risk exposure of the project.
Task 3 Facilitate the project teams evaluation of the identified risks attributes using qualitative and quantitative tools and techniques in order to prioritize the risks for response planning.
Task 4 Facilitate the development of an aligned risk response strategy and related risk actions by risk owners from the information gathered during risk analysis in order to ensure timely and defined action when required.
Task 5 Facilitate the formulation of project contingency reserve based on the risk exposure of the project in order to have the capability and resources to respond to realized risks.
Task 6 Provide risk data to cost and schedule analysts/estimators to ensure that project risk is properly reflected in cost and schedule estimates for the project.
Task 7 Use scenarios to validate potential risk responses and evaluate key dependencies and requirements in order to enhance the likelihood of project success.
Knowledge of:
=> Basic risk identification tools and techniques for both threats and opportunities (including but not limited to brainstorming, checklists, prompt lists, assumptions and constraints analysis, interviews, questionnaires, cause and effect analysis, SWOT analysis, document review, affinity diagrams, and lessons-learned review from similar projects)
=> Basic qualitative risk analysis tools and techniques (including but not limited to probability-impact matrices, risk scoring, Risk Breakdown Structure analysis, root cause analysis, Pareto prioritization analysis, and risk metric trend analysis)
=> Basic quantitative risk analysis tools and techniques (including but not limited to Monte Carlo analysis, decision trees, FMEA/FMECA/Fault Tree analysis, and sensitivity analysis)
=> Heuristics and other dynamic sources of cognitive biases and their associated effects on risk perception and behavior
=> Risk response strategy types
=> Contingency management tools and techniques
=> Risk monitoring and control techniques
=> Group decision making
=> Group creativity (including but not limited to brainstorming, nominal group technique, Delphi technique, idea/mind mapping, and affinity diagram)
Skills in:
=> Using analytical software tools for project risk management
=> Managing teams in multicultural environments
=> Estimating probability and impact of identified risks

Task 1 Document and periodically update project risk information using standard tools (including but not limited to risk register, risk database) and techniques in order to maintain a single, current repository of all project risk information.
Task 2 Coordinate with project manager using communication techniques in order to integrate risk management throughout the project.
Task 3 Create periodic standard and custom reports using risk-related metrics as specified in the risk management plan in order to communicate risk management activities and status.
Task 4 Monitor risk response metrics by analyzing risk response performance information, and present to key stakeholders in order to ensure resolution of risk and develop additional risk response strategies to address residual and secondary risks.
Task 5 Analyze risk process performance against established metrics in order to drive risk process improvements.
Task 6 Update the project risk management plan using relevant internal and external inputs in order to keep the plan current.
Task 7 Capture risk lessons learned through comprehensive review of the project risk management plan, risk register, risk audits, risk process performance reports, and other associated reports in order to incorporate into future risk planning.
Knowledge 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 (for example, Top Risk List, Risks Transitioned to Issues, Response Plans Behind Schedule, Risk Triggers, and Risk Outcomes)
=> 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

Tasks Perform Specialized Risk Analyses (1416%)
Task 1 Evaluate the attributes of identified risks using advanced quantitative tools and specialized qualitative techniques in order to estimate overall risk exposure of the project.
Task 2 Analyze risk data produced during the project using statistical analyses and expert judgment in order to determine strengths and weaknesses of risk strategy and processes and recommend process improvements when indicated.
Task 3 Perform specialized risk analysis using advanced tools and techniques in order to support stakeholder decision making for the project.
Knowledge of:
=> Advanced risk identification tools and techniques for both threats and opportunities (including but not limited to force field analysis, scenario planning, futures thinking, visualization, Delphi groups, and nominal group technique)
=> Advanced quantitative risk analysis tools and techniques (including but not limited to, integrated cost/schedule analysis, advanced Monte Carlo analysis, system dynamics, bowtie analysis, analytical hierarchy process, risk-based earned value analysis, risk-based critical chain analysis, and multi-factor regression analysis, modeling techniques, advanced risk metric analysis [including statistical process control])
=> Tools and techniques for identifying and analyzing overall project risk (including but not limited to risk efficiency index, risk tolerance analysis, risk reserve analysis, risk metric trend analysis, risk taxonomy, risk connectivity analysis, Monte Carlo analysis against overall project objectives, project risk surveys, and correlation analysis)
=> Basic and advanced statistics
=> Estimation tools and techniques to support risk decision making (including but not limited to prioritization, cost-benefit analysis, analogous, parametric, and bottom-up)
=> Advanced theory of heuristics and other sources of cognitive bias
=> Variance/Earned Value Analysis

Knowledge of:
=> Project risk management processes, frameworks, and theory (in line with the PMI Practice Standard for Project Risk Management)
=> Basic project management theory, methodologies, and practice (as described in the PMBOK Guide)
=> Risk principles and guidelines as described in ISO31000
=> Communication tools, techniques, models, and channels
=> Facilitation tools and techniques
=> Negotiation tools and techniques
=> Leadership theory as it relates to risk management
=> Organizational theory as it relates to risk management
=> Risk taxonomy
=> PMI Code of Ethics and Professional Conduct
Skills in:
=> Effective oral, graphical, and written presentation
=> Tailoring information to all levels of stakeholders
=> Conducting effective interviews
=> Gathering, managing, analyzing, and validating data
=> Problem solving
=> Active listening
=> Conflict resolution
=> Expressing complex and abstract information
=> Influencing without authority
=> Coaching and mentoring



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PMI Management Practice Test

ACT executive tables respectable review into ChooseCBR scheme | PMI-RMP Latest syllabus and Free exam PDF

A evaluate of the ACT govt's ChooseCBR cut price voucher scheme has discovered a more in-depth assessment of the program's web-based utility might also have uncovered technical issues that got here to gentle all through the scheme. despite the fact, the review additionally recognized extra testing may also no longer have uncovered weaknesses in the device's database. The overview into the program additionally discovered there have been faults within the project administration of the scheme. besides the fact that children, there turned into no facts of "systemic misuse" of the software, which caused a wild three-day spending spree across Canberra's agencies. It become additionally referred to the program became positive at providing economic stimulus to the territory. company Minister Tara Cheyne tabled the report within the Legislative assembly on Thursday, which followed a commitment prior this year after there became appreciable pastime in the application. The cut price voucher scheme become rolled out in June, with the govt proposing $2 million of subsidised vouchers for americans to spend at participating Canberra groups. The govt had estimated it will be used within two or three months, however all the funds was spent in a matter of days. It also adopted an earlier three-week trial of the application where $500,000 became allocated however best $310,000 was claimed within the trial. however the program's device become plagued with technical considerations. The site become up, intermittently, for 2 days earlier than it had to be sensationally taken down for one week because of an argument with the database design as a result of overwhelming demand. When the site become relaunched on June 18, close to $1.6 million changed into spent in 24 hours. Some groups benefited drastically from the scheme, with the accurate company - day by day Market city & Gungahlin - receiving near 2000 vouchers, amounting to greater than $67,000. however just about 200 businesses had consumers redeemed 10 or fewer vouchers. The evaluation, via David Butler Consulting, noted that a extra unique assessment of the net software could have been undertaken. "There changed into a excessive stage risk and chance assessment undertaken of the expertise to be used for ChooseCBR. If the same evaluate was undertaken on the wide health for the purpose on the internet based mostly application, this may additionally have printed one of the crucial technical issues which have been faced when the system became below appreciable load," the file spoke of. "on the very least, however, superior curiosity about what took place during the pilot and an examination of what this may additionally mean for the robustness of the statistics base, should still were undertaken." youngsters, the review also mentioned it become elaborate to say no matter if additional checking out would have identified the explanation for the problem. The evaluate discovered the executive didn't accurately make clear the function of the project supervisor and spoke of this led to concerns round who was responsible for what in the start of the program. "all over this review, it grew to be evident that accountability for log out of key elements of the beginning of the web based mostly utility itself became now not clear," the record pointed out. Ms Cheyne referred to the executive wholly authorized the evaluate of the software. "I consider that the assessment, basically importantly, I believe it has discovered that ChooseCBR become effective at supplying on the important thing goal of stimulating the economic recreation all the way through coming out of what had been a tough duration," she instructed The Canberra times. "It flagged the rollout was now not smooth and there are some training learned for us when it comes to undertaking administration." Ms Cheyne noted the demand for the application far passed all expectations so it was difficult to understand even if further exams of the gadget would have recognized issues. "The demand was just thus far above and beyond what it had been within the trial, and they had labored truly challenging on that but they just failed to know what the finest effect of that demand was going to seem like," she referred to. "i'm no longer certain if [extra testing] may have resulted in these [technical] considerations being identified ... perhaps some enhanced load trying out to replicate astronomical tiers of demand and seeking that from the seller was some thing that might have be performed, it will were respectable apply regardless." more A.C.T. POLITICS news: in advance of the rollout, the ACT government changed into warned the scheme become vulnerable to economic fraud and there were "confined mechanisms" to display screen transactions. however the assessment referred to there turned into no evidence of "systemic misuse". The assessment didn't seem to be specially at whether there had been fraud within the program, this turned into undertaken by the government following the program. As part of this, there become spot checking that required groups to supply evidence of a representative pattern of transactions. A more designated audit changed into undertaken for companies the place there had been a excessive variety of transactions or where there turned into peculiar patterns of redemption. "From the scrutiny undertaken of claims made during the rollout, there is no facts of systemic misuse of the scheme by companies or members." Ms Cheyne spoke of the government nonetheless had no plans to re-introduce the scheme. "We're seeing a V-fashioned restoration in their economic system, which we're enormously completely happy to look," she talked about. Their journalists work challenging to provide local, up-to-date news to the neighborhood. this is easy methods to proceed to access their relied on content:

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A assessment of the ACT govt's ChooseCBR cut price voucher scheme has discovered a greater in-depth evaluation of the software's web-based mostly application may also have uncovered technical issues that got here to gentle during the scheme.

however, the evaluation additionally recognised further checking out may additionally now not have exposed weaknesses within the system's database.

The assessment into the program also discovered there have been faults within the undertaking management of the scheme.

although, there became no proof of "systemic misuse" of the program, which caused a wild three-day spending spree across Canberra's corporations.

It changed into also noted the software become beneficial at offering financial stimulus to the territory.

enterprise Minister Tara Cheyne tabled the record within the Legislative meeting on Thursday, which followed a commitment previous this 12 months after there become considerable interest within the program.

The bargain voucher scheme became rolled out in June, with the executive presenting $2 million of subsidised vouchers for individuals to spend at participating Canberra companies.

but the software's device changed into plagued with technical concerns. The web page was up, intermittently, for 2 days before it had to be sensationally taken down for one week as a result of an argument with the database design due to overwhelming demand.

When the website become relaunched on June 18, near $1.6 million turned into spent in 24 hours.

however very nearly 200 companies had clients redeemed 10 or fewer vouchers.

The overview, by way of David Butler Consulting, referred to that a extra specified evaluation of the web utility could have been undertaken.

"There become a high stage possibility and possibility assessment undertaken of the know-how to be used for ChooseCBR. If an identical review was undertaken on the wide health for the intention on the net based mostly software, this might also have revealed one of the vital technical concerns which have been confronted when the system turned into under appreciable load," the report talked about.

"on the very least, besides the fact that children, greater curiosity about what happened all through the pilot and an examination of what this may also imply for the robustness of the facts base, should were undertaken."

despite the fact, the review also stated it changed into complicated to assert even if additional checking out would have recognized the reason for the problem.

company Minister Tara Cheyne noted the executive authorised a report into the ChooseCBR cut price voucher scheme. graphic: Karleen Minney

The evaluate discovered the government did not adequately clarify the function of the venture supervisor and talked about this led to concerns around who become chargeable for what in the birth of the software.

"right through this overview, it grew to be evident that accountability for sign off of key aspects of the beginning of the internet primarily based utility itself become not clear," the report referred to.

Ms Cheyne spoke of the government thoroughly accredited the evaluate of the program.

"I think that the overview, actually importantly, I suppose it has found that ChooseCBR changed into beneficial at providing on the key objective of stimulating the financial endeavor during coming out of what had been a difficult duration," she informed The Canberra instances.

"It flagged the rollout become not smooth and there are some classes realized for us when it comes to task management."

Ms Cheyne observed the demand for the program far exceeded all expectations so it turned into difficult to understand whether additional checks of the device would have identified concerns.

"The demand turned into simply up to now above and past what it had been within the trial, and they had worked definitely tough on that however they simply did not be aware of what the most fulfilling result of that demand become going to appear to be," she spoke of.

"i'm not certain if [extra testing] could have resulted in those [technical] concerns being identified ... perhaps some stronger load checking out to reflect astronomical degrees of demand and seeking that from the seller changed into some thing that may have be accomplished, it could have been first rate observe regardless."

The evaluate did not seem particularly at whether there had been fraud within the program, this become undertaken by means of the government following the application.

As a part of this, there became spot checking that required agencies to supply proof of a representative pattern of transactions. A greater special audit was undertaken for businesses where there had been a excessive variety of transactions or where there changed into atypical patterns of redemption.

"From the scrutiny undertaken of claims made right through the rollout, there isn't any proof of systemic misuse of the scheme via groups or contributors."

Ms Cheyne noted the government still had no plans to re-introduce the scheme.

"We're seeing a V-shaped recovery in their financial system, which we're tremendously joyful to see," she spoke of.

Our journalists work complicated to provide local, updated news to the community. here is the best way to continue to access their trusted content material:




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References :


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https://www.4shared.com/office/z2wKX2Wpea/PMI-Risk-Management-Profession.html
http://feeds.feedburner.com/Pass4sure9l0-619RealQuestionBank
https://sites.google.com/view/killexams-pmi-rmp-question-san
https://www.coursehero.com/file/77051299/Oracle-Database-12c-Advanced-Administration-1Z0-063pdf/
https://justpaste.it/PMI-RMP
https://youtu.be/tozo4fYvDBI
http://killexams.decksrusct.com/blog/certification-exam-dumps/pmi-rmp-pmi-risk-management-professional-questions-and-answers-by-killexams-com/
https://ello.co/killexamz/post/qedpokhgktxffqnqo2n4cw
https://spaces.hightail.com/space/v47qz1ixkg/files/fi-8ad36f8f-7ab4-403a-94c6-6401460870b1/fv-432eb5a3-0933-456f-b95d-d2daf17bde82/PMI-Risk-Management-Professional-(PMI-RMP).pdf#pageThumbnail-1
https://files.fm/f/bjvd3n7w3



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