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The candidates will have 210 minutes to answer 170 questions presented in the multiple-choice format. Please note that there are 20 unscored items, which will be placed throughout the subject areas as the pretest questions. This exam can be taken in the English language, and the students must pay the fee of $520 (for PMI members) or $670 (for non-members) to schedule the test. As for the registration process, it can be done through the Pearson VUE platform.
Reference: https://www.pmi.org/certifications/risk-management-rmp
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PMI stands for the Project Management Institute, and it is the world's No.1 association for project managers who want to leverage their skills in this field by obtaining the related certificates. Among many other options, this institute offers the PMI-RMP or the PMI Risk Management Professional certification. Individuals who prove their knowledge of project risk identification and mitigation by passing the associated PMI-RMP exam will be issued this certification. But why opt for it? Well, project risk management remains one of the most important activities for organizations all around the globe with the majority of the world's largest project management companies doing a lot of risk management activities to increase their chances of succeeding. So, since project risk management significantly improves the project success rate and saves money, the PMI-RMP certificate will greatly increase your value in the eyes of potential employers.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Risk Identification | 23% | - Update risk register - Identify internal and external risks - Capture opportunities as well as threats - Document risks and characteristics - Apply identification techniques |
| Topic 2: Risk Response Planning | 13% | - Integrate responses into project plan - Assign owners and responsibilities - Select appropriate response actions - Develop response strategies for threats and opportunities |
| Topic 3: Risk Monitoring and Reporting | 19% | - Track effectiveness of responses - Monitor identified risks and triggers - Capture lessons learned - Update risk register and documents - Communicate risk status to stakeholders - Identify new and emerging risks |
| Topic 4: Risk Analysis | 23% | - Perform quantitative risk analysis - Perform qualitative risk analysis - Assess probability and impact - Use simulation and modeling techniques - Prioritize risks |
| Topic 5: Risk Strategy and Planning | 22% | - Define risk appetite, threshold, and tolerance - Develop risk management strategy - Integrate risk management into project lifecycle - Create risk management plan - Align risk management with organizational and project objectives |
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