PMI Risk Management Professional PMI-RMP Exam

PMI Risk Management Professional PMI-RMP Exam which is related to PMI Risk Management Professional Certification. This exam validates the Candidate knowledge of Project risk management processes, frameworks, basic project management theory, methodologies, and practice, Risk principles and guidelines as described in ISO31000, Communication tools,channels and models, techniques and Facilitation tools, Negotiation tools, 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.

Reference: http://www.pmi.org/certification/risk-management-professional-rmp/pmi-rmp-exam-prep.aspx

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PMI PMI-RMP Practice Test Questions, PMI PMI-RMP Exam Practice Test Questions

The PMI Risk Management Professional (PMI-RMP) certification validates the specialists’ expertise in identifying and evaluating project risks, mitigating threats, and capitalizing on the opportunities to enhance and protect the needs of any organization. The certificate also maintains a fundamental level of competence in all the areas of project management. To get certified, the applicants are required to meet certain educational and experience requirements as well as complete one qualifying exam.

Because of the demand for people with the qualified skills about PMI PMI Risk Management Professional certification and the relatively small supply, PMI Risk Management Professional exam certification becomes the highest-paying certification on the list this year. While, it is a tough certification for passing, so most of IT candidates feel headache and do not know how to do with preparation. In fact, most people are ordinary person and hard workers. The only way for getting more fortune and living a better life is to work hard and grasp every chance as far as possible. Gaining the PMI-RMP PMI Risk Management Professional exam certification may be one of their drams, which may make a big difference on their life. As a responsible IT exam provider, our PMI Risk Management Professional exam prep training will solve your problem and bring you illumination.

Major Topics to Explore

The PMI-RMP certification exam contains five major domains to be covered. The candidates should develop a solid understanding of these topics before attempting the test. Let’s take a look at these exam objectives.

• Risk Process Facilitation (25-28%)

  The third section of the PMI-RMP certification exam teaches the test takers how to use the risk assessment processes by studying risk tolerance and coming up with projected risk levels. It also covers competency in identifying risks, evaluating identified risks, developing a workable response procedure, as well as creating a contingency reserve according to the risk exposure identified in the project. This area also covers the utilization of data to budget for risk management and utilization of staged scenarios to evaluate the appropriateness of responses.

• Risk Monitoring & Reporting (19-20%)

  The fourth topic that the PMI-RMP exam deals with covers five tasks. This teaches you how to keep track of the risk management processes in a project by keeping an updated record of all the risk incidences and their responses. It also highlights how to work with a project manager through proper communication, monitoring the response metrics, and analyzing the performance of the proposed risk responses. The domain also covers how to keep the risk management plan updated during a project and how to capture and use lessons learned in risk management in the project.

• Stakeholder Engagement (19-20%)

  The second subject area measures the students’ understanding of risk management among the team members as well as their skills in training & coaching the stakeholders on important risk management processes and delivering training for the team members on how to apply risk management processes during the project. It also equips the applicants with the skills required to assess the stakeholder risk tolerance rates as well as identify any attitudes and biases to risks among the stakeholders and keep them enlightened on the prioritization of risks. The domain also provides the examinees with the knowledge of the recommendations they can give to the stakeholders on how to plan and strategize for risks, how they can communicate with the rest of the team, and how to keep the team members involved in the project through efficient communication.

• Risk Strategy & Planning (19-20%)

  The tasks covered in this domain include evaluating risk and setting criteria for risk levels while assessing the tolerance of risk among the stakeholders. It also covers updating risk policies in the project; developing and recommending the appropriate risk strategies; providing a risk management plan; establishing criteria for the risk management process for the project.

• Performing Specialized Risk Analysis (14-16%)

  The fifth objective focuses on performing specialized risk analyses, which cover the ability to execute the following tasks: monitoring different factors of risks within the project, analyzing the data collected, using the appropriate tools to assist in the stakeholder decision-making processes in regards to risk management.

Risk Monitoring and Reporting (19-20%)

• Coordinating with project manager utilizing communication techniques for integrating the risk management during the project;
• 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.
• 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;
• Analyzing the risk process performance toward established metrics for driving the risk process improvements;
• 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;
• 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;
• Updating the project risk management plan utilizing the relevant external and internal inputs for keeping the plan current;

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