Books and Courses to Launch PMI-RMP Prep
As for the reliable resources to start your PMI-RMP prep, here are 4 options you should check out in the first place:
- Practice Standard for Project Risk Management by Project Management InstituteThis book is another useful official resource for your test prep. It provides the standard practices and techniques needed for effective project risk management, most of which you will be tested on. Thus, with its help, you will familiarize yourself with such terms as iterative processes, current assessments, and templates.
- Project Management Training at DeVry UniversityDeVry University is one of the PMI-authorized trainers. You can enroll in one of their project management courses to learn more about project risk management. One of the most prominent of DeVry University course options is Project Risk Management training, which is a great way to prepare for the upcoming PMI-RMP exam.
- PMI-RMP Exam Content Outline by Project Management InstituteThis is the official content outline for the final PMI-RMP test. It shows you all of the possible domains, from which the exam questions are derived. It also contains the percentage of questions for each topic and tasks you may be asked to carry out.
- Project Risk Management (Project Management) by Bruce BarkleyYou can get this helpful paperback book on Amazon for $46.82. It uses templates and action plans to simplify the concepts in one of the PMI’s most popular books: A Guide to the Project Management Body of Knowledge (PMBOK Guide).
PMI-RMP Exam Overview
The PMI-RMP exam is for individuals with a professional background in project risk management. The bigger and the more complex your past projects were, the more suited you are for the PMI-RMP certificate. To be eligible for such a certification, you need to meet specific prerequisites as listed below:
1. If you have a secondary degree such as a high school diploma, you also need to have:
- undergone project risk management education for at least 40 hours.
- worked as a project manager for 36 months in the past 5 years;
Main Requirements to Meet
The PMI-RMP certification is intended for those professionals who possess advanced risk management knowledge and experience. The individuals who perform the role of a Project Manager and are involved in managing large projects and/or complex environments can also pursue this certificate.
The eligibility requirements for the PMI-RMP certification include holding a secondary degree (including a high school diploma, an associate’s degree, or their global equivalent); 36 months of work experience in project risk management within the last 5 years; and at least 40 hours of risk management education concerning projects. If you do not meet some of the above-mentioned prerequisites, you can also qualify for this certificate satisfying the following requirements: a bachelor’s degree or a global equivalent of the same; at least 24 months of work experience in risk management within the last 5 years; and at least 30 hours of conclusive risk management education concerning projects.
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 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.
- 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.
- 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 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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PMI PMI-RMP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Risk Analysis | 23% | - Use simulation and modeling techniques - Assess probability and impact - Perform qualitative risk analysis - Prioritize risks - Perform quantitative risk analysis |
| Risk Monitoring and Reporting | 19% | - Communicate risk status to stakeholders - Update risk register and documents - Capture lessons learned - Track effectiveness of responses - Monitor identified risks and triggers - Identify new and emerging risks |
| Risk Response Planning | 13% | - Integrate responses into project plan - Select appropriate response actions - Develop response strategies for threats and opportunities - Assign owners and responsibilities |
| Risk Strategy and Planning | 22% | - Develop risk management strategy - Integrate risk management into project lifecycle - Define risk appetite, threshold, and tolerance - Align risk management with organizational and project objectives - Create risk management plan |
| Risk Identification | 23% | - Document risks and characteristics - Apply identification techniques - Identify internal and external risks - Capture opportunities as well as threats - Update risk register |


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