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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 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 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 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.
Certification Path
There is no prerequisite for this PMI PMI-RMP exam.
2. In case you have a four-year degree such as a bachelor's degree, you need to have:
- worked as a project manager for 24 months in the past 5 years;
- undergone project risk management education for at least 30 hours.
This PMI-RMP exam is open to everyone who meets the aforementioned requirements and when it comes to the test details, it contains multiple-choice questions about risk identification, strategies, analysis, mitigation procedures, and best practices. In all, you will have 3 hours and 30 minutes to choose the correct answers to 170 items. What concerns the exam entry fee, the prices for PMI members and non-members differ. Thus, members of the PMI pay $520 for the official test while non-members pay $670. So, if you want to save another $150 on your PMI-RMP certification, you can become a PMI member by registering on their website. To add more, the PMI-RMP exam will be held in any of the Pearson VUE-approved centers in your area. Overall, there are several such testing centers around the world so all you need to do is to find one near your location. Finally, eligible candidates are allowed to take the PMI-RMP exam a maximum of 3 times within one year of eligibility.
Reference: https://www.pmi.org/certifications/risk-management-rmp
The potential candidates should know what to expect from the test before they start their preparation phase. That is why they have to observe all the topics of the PMI-RMP exam. All in all, the domains of this certification test are highlighted as follows:
Risk Planning and Strategy (19-20%)
- Establishing the evaluation standards for the risk management processes according to the project objectives and baselines to measure the capability of the project risk process.
- Developing and recommending the project risk strategy according to the project objectives to set the sketch for the risk management plan;
- Updating the risk procedures and policies utilizing information to improve the risk management effectiveness;
- Developing the risk assessment tools & processes that measure risk tolerances of a stakeholder to estimate and define the risk minimum for the project as well as determine the standards for risk levels;
- Producing the risk management plan for the project based on data, such as industry policies and procedures, project information, stakeholder data, and external factors to determine, fund, and staff practical risk management processes for the project that adjust with different project plans;
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PMI PMI-RMP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Risk Strategy and Planning | 22% | - Define risk appetite, threshold, and tolerance - Align risk management with organizational and project objectives - Create risk management plan - Develop risk management strategy - Integrate risk management into project lifecycle |
| Topic 2: Risk Identification | 23% | - Update risk register - Identify internal and external risks - Document risks and characteristics - Apply identification techniques - Capture opportunities as well as threats |
| Topic 3: Risk Analysis | 23% | - Assess probability and impact - Use simulation and modeling techniques - Perform quantitative risk analysis - Prioritize risks - Perform qualitative risk analysis |
| Topic 4: Risk Monitoring and Reporting | 19% | - Capture lessons learned - Update risk register and documents - Track effectiveness of responses - Monitor identified risks and triggers - Communicate risk status to stakeholders - Identify new and emerging risks |
| Topic 5: Risk Response Planning | 13% | - Integrate responses into project plan - Select appropriate response actions - Assign owners and responsibilities - Develop response strategies for threats and opportunities |
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