Risk Process Facilitation (25-28%)
- Utilizing the quantitative and qualitative techniques & tools to facilitate the evaluation of the project team’s of the recognized risks’ attributes for prioritizing the risks for response planning;
- Utilizing different techniques to facilitate risk identification for enabling the stakeholders and project team to determine & understand the risk display of the project;
- Providing the risk data to schedule and cost analysts to assure that project risk is correctly displayed in the schedule and cost estimates for the project;
- Facilitating the expansion of the related risk actions and aligned risk response strategy by risk owners from the data found during the risk analysis to ensure defined & timely action when needed;
- Applying the risk assessment tools and processes to determine risk levels and measure stakeholder risk tolerances;
- Facilitating the creation of project emergency reserve according to the risk display of the project to have the resources and capability for responding to the realized risks;
- Using the scenarios to evaluate the key requirements & dependencies and validate potential risk responses for enhancing the probability of project success.
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Reference: https://www.pmi.org/certifications/risk-management-rmp
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PMI PMI-RMP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Risk Identification | 23% | - Apply identification techniques - Identify internal and external risks - Document risks and characteristics - Update risk register - Capture opportunities as well as threats |
| Topic 2: Risk Analysis | 23% | - Perform quantitative risk analysis - Use simulation and modeling techniques - Perform qualitative risk analysis - Assess probability and impact - Prioritize risks |
| Topic 3: Risk Monitoring and Reporting | 19% | - Monitor identified risks and triggers - Capture lessons learned - Update risk register and documents - Communicate risk status to stakeholders - Track effectiveness of responses - Identify new and emerging risks |
| Topic 4: Risk Response Planning | 13% | - Integrate responses into project plan - Develop response strategies for threats and opportunities - Assign owners and responsibilities - Select appropriate response actions |
| Topic 5: Risk Strategy and Planning | 22% | - Create risk management plan - Define risk appetite, threshold, and tolerance - Align risk management with organizational and project objectives - Develop risk management strategy - Integrate risk management into project lifecycle |
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