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Perform Specialized Risk Analyses (14-16%)
- Utilizing the specialized qualitative techniques and advanced quantitative tools to measure the characteristics of recognized risks for estimating overall risk exposure of the project;
- Utilizing the advanced techniques and tools to perform the specialized risk analysis for supporting the stakeholder decision for the project.
- Analyzing the risk data presented during the project utilizing the expert judgment and statistical analyses for defining the weaknesses and strengths of risk strategy & processes, as well as recommending the process changes when indicated;
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:
- 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.
- 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.
- 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 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 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.
Reference: https://www.pmi.org/certifications/risk-management-rmp
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