PMI-RMP® Certification Program

PMI-RMP ® (Risk Management Professional) Examination Content Outline

The following table identifies the proportion of questions from each domain that will appear on the examination. These percentages are used to determine the number of questions related to each domain and task that should appear on the multiple-choice format examination.

Domain 1. Risk Strategy and Planning 22%

Task 1 : Perform a preliminary document analysis

Gather and review documents
- Give examples of preliminary documents to review prior to risk identification includes industry benchmarks (if available), previous lessons learned, historical data, and the sources of the above information.
Determine and assign who is responsible for the preliminary document analysis (e.g., project manager, risk manager, financial controller)
Establish documents relevant to the risk process.

Task 2 : Assess project environment for threats and opportunities

Determine which OPA / EEF / project methodology is needed (e.g., agile, waterfall, hybrid, etc.)
Analyze the different environmental factors to be considered in the planning
phase (e.g., PESTLE, SWOT analysis)
Determine the organizational and cultural risk appetite
- Analyze environment for risk culture maturity
Evaluate the project management information system process and data
Conduct a stakeholder analysis
Analyze constraints to risk management
- Government, market laws/rules, organizational, environmental, and technical risks
Focus stakeholders on creating a culture of risk awareness
Determine business driver of project, including key assumptions, benefits, and materialization of project.

Task 3 : Confirm risk thresholds based on risk appetites

Align project risk thresholds to organizational risk appetite
Calculate the risk the organization can absorb (e.g., financial, scope, environmental, technical, legal, schedule, quality, contract, etc.)
Discuss risk thresholds
Lead conflict resolutions between stakeholders in agreeing on risk appetite

Task 4 : Establish risk management strategy

Establish risk processes and tools
Provide risk management templates/forms
Determine risk metrics
Identify risk categories
Coach/mentor team on risk management best practices (servant leadership)
Lead stakeholders to adopt the risk strategy

Task 5 : Document the risk management plan

Define organizational risk roles and responsibilities

o Align roles and responsibilities with a project RAM (e.g., RACI) chart

Prepare a list of the key artifacts/resources that will be used to compile a risk management plan
Outline the list of key risk management activities (e.g., who, what, when,where, how)
Explain how the Risk Breakdown Structure (RBS) can be used to support the risk management plan
Define a risk communication plan
Define risk prioritization criteria
Define stakeholder empowerment and education strategy

Task 6 : Plan and lead risk management activities with stakeholders

Collaborate with the team that would conduct the risk planning on the project
Leverage stakeholder analysis done by the project manager
Manage stakeholder risk appetite and attitudes
Engage stakeholders in the risk prioritization process
Set appropriate expectations with stakeholders on the rules of engagement
Tailor risk communication for stakeholders
Lead stakeholder empowerment for risk strategies in the risk management plan
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

Domain 2. Risk Identification – 23%

Task 1 : Conduct risk identification exercises

Conduct meetings, interviews, focus groups, and other SME support activities
Perform detailed analyses of risk identification exercise results
Analyze documents, audio transcripts, telemetry data, etc. and understand business context of information
Indicate risks as threats or opportunities

Task 2 : Examine assumption and constraint analyses

Leverage the results of the assumption and constraint analysis
Categorize assumptions and constraints
Assess the risk associated with each assumption and/or constraint
Recognize the relationship between assumptions and/or constraints, and project objectives (e.g., predict the cascade effect of project stakeholder holiday schedules on project timelines)
Encourage stakeholders to challenge assumptions and constraints

Task 3 : Document risk triggers and thresholds based on context/environment

Assess, confirm, and document risk compliance thresholds, and categories against updated risk data
Assess and document risk triggers, causes and timing
Assess and document risk consequences and/or impact
Empower stakeholders to challenge existing thresholds

Task 4 : Develop risk register

Analyze the validity of identified risks and triggers
Examine the risk attributes like probability, impact, urgency
Establish risk origin and ownership e.g., internal/external
Classify risks as threats or opportunities

Domain 3. Risk Analysis – 23%

Task 1 : Perform qualitative analysis

Perform a nominal classification or risks in the RBS using classifications from the risk management plan (e.g., environment, organizational, project management, technical, etc.)
Estimate the impact of risk on project schedule, budget, resources, and scope
Prioritize the risk based on impact, and urgency
Apply the risk matrices
- Agreed-upon assessment approach, Historical information, Definitions of probability and impact, Risk categories, Preestablished criteria
Perform an ordinal classification
Coach stakeholders on risk categorization strategies

Task 2 : Perform quantitative analysis

Analyze risk data and process performance information against established metrics
Analyze a project’s general risks
Perform a forecast and trend analysis on new and historical information
Perform sensitivity analysis
- Monte Carlo, decision trees, critical path, expected monetary value, etc.
Perform risk weighting and calculate risk priority

Task 3 :Identify threats and opportunities

Assess project risk complexity
- SWOT analysis, Ishikawa, Tree Diagram
Perform an impact analysis on project objectives
- project scopes, schedule cost, and resources, quality, and stakeholders
Assess project compliance objectives against organizational strategic objectives
- procedures, project plans, corporate, and project governance, regulatory governance
Empower stakeholders to independently identify threats and opportunities

Domain 3. Risk Response – 13%

Task 1 : Plan risk response

Determine appropriate risk response strategy
- avoid, accept, mitigate, enhance, contingency planning etc.
Decide the risk response actions (time bound) based on the risk response strategies and identify action owners
Assess the effectiveness of the risk response actions against the identified strategy and the project objectives impact
- cost/schedule/environment etc., effect of the action on the probability or the risk impact
Illustrate and communicate effectiveness of the risk response strategies
- risk burndown chart, dot plots
Determine the work around
Allocate responsibilities
Outline an appropriate responsibility matrix for a metricized project environment
Re-evaluate organizational risks

Task 2 : Implement risk response

Execute the risk response plan(s)
Execute the contingency plan(s)
Encourage stakeholders to provide feedback on the risk response
Evaluate and react to secondary and residual risks from the response implementation
- Improvise as needed

Domain 4. Monitor and Close Risks – 19%

Task 1 : Gather and analyze performance data

Reconcile performance data & reports from risk relevant work packages
Analyze data to determine the completion status against the baseline
Perform a variance analysis
Monitor impact against overall project risk exposure to enterprise

Task 2 : Monitor residual & secondary risks

Monitor risk response and document residual risk
Monitor risk response for secondary risks
Assess impact of residual and secondary risks on project objectives
Update and communicate impact of residual and secondary risks

Task 3 : Provide information required to update relevant project documents

Aggregate and summarize risk data, and update project documents
- risk register, lessons learned, project management plan, change logs etc.
Monitor and close out expired risks

Task 4 : Monitor project risk levels

Assess project risk level
Prepare reports for different stakeholders
Communicate risk levels to key stakeholders

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PMI-RMP certification is an internationally recognized accreditation issued by the Project Management Institute (PMI) and focused on project risk management. This certification validates the skills of professionals in identifying, analyzing, planning responses to and monitoring risks throughout the project life cycle. PMI-RMP certification covers several key areas of knowledge, including risk identification, qualitative and quantitative analysis, response planning, control and communication.

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