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Making project management indispensable for business results.

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

© 2012 Project Management Institute, Inc. All Rights Reserved.

Project Management Institute

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

org ©2012 Project Management Institute. The Quarter Globe Design is a trademark of the Project Management Institute. Pennsylvania 19073-3299 USA. For a comprehensive list of PMI marks. 14 Campus Boulevard Newtown Square. Inc. contact the PMI Legal Department . "PMBOK". "PM Network".Published by: Project Management Institute. “Project Management Journal". "PMI". and the PMI Today logo are registered marks of Project Management Institute. the PMP logo. Inc. Inc. Phone: +610-356-4600 Fax: +610-356-4647 E-mail: customercare@pmi. "PMP". "PgMP”.org Internet: www.PMI. the PMI logo. Inc. All rights reserved.

....................... 12  Appendix A: Role Delineation Study (RDS) Process............................................................ 6  Domain 3: Risk Process Facilitation ................................................................................................................ TABLE OF CONTENTS Introduction ............................................................. 10  Domain 5: Perform Specialized Risk Analyses ......................................................... 15  Defining the Responsibilities ....... 15  Developing a Plan for the Test................................................................................................................................................................ 8  Domain 4: Risk Monitoring and Reporting ................ 1  Exam Content Outline.................................................................................................................................................................................................... 3  Domains and Tasks .............................................................................................. 4  Domain 1: Risk Strategy and Planning ................................................ 4  Domain 2: Stakeholder Engagement ......................................................................... 15  .......................................................................................................... 15  Validating the Responsibilities Identified by the Panelists.........................................................

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tasks. training. A key component of this process is that organizations wishing to offer valid and reliable professional credentialing examinations are directed to use a role delineation study (RDS) as the basis for the creation of the examination. criticality. PMI aligns its process with certification industry best practices. not-for-profit organization. it is imperative that the PMI-RMP examination reflect accurately the practices of the project risk management professional. PMI-RMP® credential holders can be confident that their professional credential has been developed according to best practices of test development and based upon input from the practitioners who establish those standards. in support of professional licensure and certification. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 1 . such as those found in the Standards for Educational and Psychological Testing. while the PMI-RMP Examination Content Outline. Since 1941. PMI’s professional credentialing examination development processes stand apart from other project management certification examination development practices. Inc. mitigating threats and capitalizing on opportunities. and continuing professional education. Finally. PES has provided a full range of assessment and advisory services to organizations across a broad range of professions. INTRODUCTION The Project Management Institute (PMI)® offers a professional credential for project risk managers. Validation assures the outcome of the exam is in fact measuring and evaluating appropriately the specific knowledge and skills required to function as a project risk management professional. PMI retained Professional Examination Service (PES) to develop the global PMI-RMP Examination Content Outline. The role delineation study ensures the validity of an examination. and frequency of each of the knowledge. The PMI-RMP examination is a vital part of the activities leading to earning a professional credential. and determine the level of salience. the role delineation study guarantees that each examination validly measures all elements of the project risk management profession in terms of real settings. thus. the Practice Standard for Project Risk Management and PMBOK® Guide have commonalities. They were charged with defining the roles of individuals assessing and identifying project risks. ©2012 Project Management Institute. known as the PMI Risk Management Professional (PMI-RMP)®. it is important to note that those involved in the study described previously were not bound by the Practice Standard for Risk Management and/or PMBOK® Guide. This process uses knowledge and task-driven guidelines to assess practitioner competence. Thus. and using their experience and pertinent resources to help in this task. and skills required to perform to the industry-wide standard in the role of a project risk manager. All the questions on the examination have been written and extensively reviewed by qualified PMI-RMP credential holders and are supported by current project risk management published references. These questions are mapped against the PMI-RMP Examination Content Outline to ensure that an appropriate number of questions are in place for a valid examination. PES is dedicated to promoting the public welfare through credentialing as a mission-driven. Please see Appendix A for a detailed description of the process.

All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 2 . Inc. knowledge. Candidates studying for the examination will certainly want to include the current edition of the Practice Standard for Project Risk Management and PMBOK® Guide as two of their references. tasks. there are some that are unique to the PMI-RMP Examination Content Outline. and would be well advised to read other current titles on project risk management. Although many of the domains. and skills outlined by the PMI-RMP Examination Content Outline are also covered by the Practice Standard for Project Risk Management and PMBOK® Guide. ©2012 Project Management Institute.

Domain Percentage of Items on Test Risk Strategy and Planning 19–20% Stakeholder Engagement 19–20% Risk Process Facilitation 25–28% Risk Monitoring and Reporting 19–20% Perform Specialized Risk Analyses 14–16% Total 100% ©2012 Project Management Institute. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 3 . EXAM CONTENT OUTLINE The following table identifies the proportion of questions from each domain that will appear on the examination. Inc. 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.

techniques. Task 4 Produce risk management plan for the project on the basis of inputs such as project information. external factors. stakeholder inputs. tools. Task 5 Establish evaluation criteria for risk management processes based on project baselines and objectives in order to measure effectiveness of the project risk process. and industry policies and procedures in order to define. Knowledge of:  Continuous process improvement as applied to risk management  Knowledge management techniques for organizing and providing access to project risk information  Metrics for measuring effectiveness of project risk process  Risk attitude concepts  Risk Breakdown Structure (RBS)  Risk tolerance concepts  Barriers to effective risk management  Project risk management inputs. Task 2 Update risk policies and procedures using information such as lessons learned from projects and outputs of risk audits in order to improve risk management effectiveness. and outputs  Project risk contingency and management reserve  Research and analysis techniques  Basic strategy development methodologies ©2012 Project Management Institute. and staff effective risk management processes for the project that align with other project plans. Task 3 Develop and recommend project risk strategy based on project objectives in order to establish the outline for the risk management plan. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 4 . and procedures for risk assessment. DOMAINS AND TASKS Domain 1: Risk Strategy and Planning Activities related to developing policies. fund. Tasks Risk Strategy and Planning (19–20%) Task 1 Develop risk assessment processes and tools that quantify stakeholder risk tolerances in order to assess and determine risk thresholds for the project and set criteria for risk levels. Inc. processes. and response. planning.

Skills in:  Assessing stakeholder risk tolerance  Building stakeholder consensus ©2012 Project Management Institute. Inc. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 5 .

and foster engagement in risk management.Domain 2: Stakeholder Engagement Activities related to promoting the understanding of project risk management for stakeholders and project team members. coach. Task 4 Assess stakeholder risk tolerance using processes and tools such as interviewing stakeholders and reviewing historical stakeholder behaviors in order to identify project risk thresholds. Task 8 Promote risk ownership by proactively communicating roles and responsibilities and engaging project team members in the development of risk responses in order to improve risk response execution. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 6 . and educate stakeholders in risk principles and processes in order to create shared understanding of principles and processes. Task 6 Engage stakeholders on risk prioritization process based on stakeholder risk tolerance and other relevant criteria. in order to optimize consensus regarding priorities. Task 7 Provide risk-related recommendations to stakeholders regarding risk strategy and planning. risk reporting. and specialized risk tasks by using effective communication techniques in order to support effective risk-based decision making. and risk ownership. Knowledge of:  Information resources. and promoting risk ownership. Task 2 Train. responsibility. Task 9 Liaise with stakeholders of other projects by using effective communication techniques and sharing information on project risk performance in order to inform them of implications for their projects. Inc. assessing stakeholder risk tolerance. OPA) and external (for example. Tasks Stakeholder Engagement (19–20%) Task 1 Promote a common understanding of the value of risk management by using interpersonal skills in order to foster an appropriate level of shared accountability. risk process facilitation. prioritizing project risk. Task 3 Coach project team members in implementing risk processes in order to ensure the consistent application of risk processes. both internal (for example. EEF) ©2012 Project Management Institute. Task 5 Identify stakeholder risk attitudes and cognitive biases using stakeholder analysis techniques in order to manage stakeholder expectations and responses throughout the life of the project.

idea/mind mapping. risk tolerant. and risk averse)  Group decision making  Group creativity (including but not limited to brainstorming. Delphi technique. Inc. nominal group technique. and affinity diagram) Skills in:  Assessing stakeholder risk tolerance (appetite and attitude)  Collaborating with stakeholders  Managing teams in multicultural environments  Influencing change ©2012 Project Management Institute. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 7 .  Project performance information  Stakeholder sensitivity analysis models  Training and coaching techniques  Types of stakeholder risk attitudes (including but not limited risk seeking.

root cause analysis. Tasks Risk Process Facilitation (25–28%) Task 1 Apply risk assessment processes and tools in order to quantify stakeholder risk tolerances and determine risk levels. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 8 . Task 5 Facilitate the formulation of project contingency reserve based on the risk exposure of the project in order to have the capability and resources to respond to realized risks. questionnaires. assumptions and constraints analysis. and risk metric trend analysis)  Basic quantitative risk analysis tools and techniques (including but not ©2012 Project Management Institute. Task 2 Facilitate risk identification using a variety of techniques in order to enable the project team and stakeholders to understand and determine the risk exposure of the project. and response among project team members. Inc. checklists. Task 7 Use scenarios to validate potential risk responses and evaluate key dependencies and requirements in order to enhance the likelihood of project success.Domain 3: Risk Process Facilitation Activities related to facilitating risk identification. SWOT analysis. cause and effect analysis. prioritization. affinity diagrams. evaluation. Task 6 Provide risk data to cost and schedule analysts/estimators to ensure that project risk is properly reflected in cost and schedule estimates for the project. Knowledge of:  Basic risk identification tools and techniques for both threats and opportunities (including but not limited to brainstorming. Pareto prioritization analysis. and lessons-learned review from similar projects)  Basic qualitative risk analysis tools and techniques (including but not limited to probability-impact matrices. Task 4 Facilitate the development of an aligned risk response strategy and related risk actions by risk owners from the information gathered during risk analysis in order to ensure timely and defined action when required. document review. Risk Breakdown Structure analysis. risk scoring. prompt lists. interviews. Task 3 Facilitate the project team’s evaluation of the identified risks’ attributes using qualitative and quantitative tools and techniques in order to prioritize the risks for response planning.

All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 9 . decision trees. nominal group technique. limited to Monte Carlo analysis. and sensitivity analysis)  Heuristics and other dynamic sources of cognitive biases and their associated effects on risk perception and behavior  Risk response strategy types  Contingency management tools and techniques  Risk monitoring and control techniques  Group decision making  Group creativity (including but not limited to brainstorming. and affinity diagram) Skills in:  Using analytical software tools for project risk management  Managing teams in multicultural environments  Estimating probability and impact of identified risks ©2012 Project Management Institute. Delphi technique. FMEA/FMECA/Fault Tree analysis. Inc. idea/mind mapping.

and present to key stakeholders in order to ensure resolution of risk and develop additional risk response strategies to address residual and secondary risks. risk database) and techniques in order to maintain a single. Risks Transitioned to Issues. Top Risk List. Risk Triggers. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 10 . risk process performance reports. and communicating risk response performance to stakeholders and project team. risk register. evaluating risk response against established metrics. Task 7 Capture risk lessons learned through comprehensive review of the project risk management plan. current repository of all project risk information. Task 5 Analyze risk process performance against established metrics in order to drive risk process improvements. risk audits. Response Plans Behind Schedule. Tasks Risk Monitoring and Reporting (19–20%) Task 1 Document and periodically update project risk information using standard tools (including but not limited to risk register. and Risk Outcomes)  Requirements for risk register data fields  Risk statement construction ©2012 Project Management Institute.Domain 4: Risk Monitoring and Reporting Activities related to monitoring risk. and other associated reports in order to incorporate into future risk planning. Task 3 Create periodic standard and custom reports using risk-related metrics as specified in the risk management plan in order to communicate risk management activities and status. Task 2 Coordinate with project manager using communication techniques in order to integrate risk management throughout the project. Task 6 Update the project risk management plan using relevant internal and external inputs in order to keep the plan current. Knowledge of:  Continuous process improvement and quality management as applied to risk management  Knowledge management techniques for organizing and providing access to project risk information  Alternative formats for project risk reports (for example. Inc. Task 4 Monitor risk response metrics by analyzing risk response performance information.

Inc. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 11 .  Risk response activity construction  Risk response metrics  Risk process performance metrics  Risk assessment analysis metrics  Risk management reserves (Note—There are no skills specific only to Domain 4) ©2012 Project Management Institute.

visualization. risk connectivity analysis. risk metric trend analysis. Delphi groups. modeling techniques. cost-benefit analysis. risk tolerance analysis. analytical hierarchy process. risk reserve analysis. risk-based critical chain analysis. integrated cost/schedule analysis. Knowledge of:  Advanced risk identification tools and techniques for both threats and opportunities (including but not limited to force field analysis. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 12 . bowtie analysis. Monte Carlo analysis against overall project objectives. Inc. and bottom-up)  Advanced theory of heuristics and other sources of cognitive bias  Variance/Earned Value Analysis ©2012 Project Management Institute. project risk surveys. and nominal group technique)  Advanced quantitative risk analysis tools and techniques (including but not limited to. advanced risk metric analysis [including statistical process control])  Tools and techniques for identifying and analyzing overall project risk (including but not limited to risk efficiency index. and correlation analysis)  Basic and advanced statistics  Estimation tools and techniques to support risk decision making (including but not limited to prioritization. system dynamics. parametric. advanced Monte Carlo analysis. risk taxonomy. Task 2 Analyze risk data produced during the project using statistical analyses and expert judgment in order to determine strengths and weaknesses of risk strategy and processes and recommend process improvements when indicated. futures thinking. and multi-factor regression analysis. Task 3 Perform specialized risk analysis using advanced tools and techniques in order to support stakeholder decision making for the project. analogous. risk-based earned value analysis. Tasks Perform Specialized Risk Analyses (14–16%) Task 1 Evaluate the attributes of identified risks using advanced quantitative tools and specialized qualitative techniques in order to estimate overall risk exposure of the project. scenario planning.Domain 5: Perform Specialized Risk Analyses Activities related to the specialized quantitative and qualitative tools and techniques used by project risk management professionals.

All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 13 . Skills in:  Converting qualitative information into risk data  Building representative risk models  Managing and interpreting quantitative and qualitative data ©2012 Project Management Institute. Inc.

frameworks. and channels  Facilitation tools and techniques  Negotiation tools and techniques  Leadership theory as it relates to risk management  Organizational theory as it relates to risk management  Risk taxonomy  PMI Code of Ethics and Professional Conduct Skills in:  Effective oral. and validating data  Problem solving  Active listening  Conflict resolution  Expressing complex and abstract information  Influencing without authority  Coaching and mentoring ©2012 Project Management Institute. analyzing. techniques. graphical. All Core Knowledge and Skills Domains Knowledge of:  Project risk management processes. Inc. and theory (in line with the PMI Practice Standard for Project Risk Management)  Basic project management theory. methodologies. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 14 . managing. and practice (as described in the PMBOK® Guide)  Risk principles and guidelines as described in ISO31000  Communication tools. and written presentation  Tailoring information to all levels of stakeholders  Conducting effective interviews  Gathering. models.

Beginning in 2011. Role Delineation Study (RDS) for the PMI-RMP® credential. Developing a Plan for the Test Based on respondent ratings. It must be known what the individuals who assess and identify project risks actually do on the job before a content-valid test can be developed. job position. and Registered Education Providers (R. industry.s). critical. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 15 . A project task force comprised of project risk managers was responsible for the conduct of work on the project. an examination blueprint. PMI received a robust set of responses to the survey. Project risk management professionals were also responsible for the independent reviews of the work of the task force and piloting the information before surveying a larger sample of project risk management professionals. Study participants. as well as the tasks required for competence performance and the knowledge/skills needed to perform those tasks. The task force represented diversity of geography. Those domains and tasks that were rated as most important. representing PMI’s Certification Governance structure. Defining the roles of individuals assessing and identifying project risk occurs in two major phases: one in which individuals currently in the role defines the responsibilities and another in which the identified responsibilities are validated on a global scale. ©2012 Project Management Institute. Practitioners also rated the knowledge and skills on how essential they were to their work as project managers and when they were acquired. and experience. clarifying exactly how many questions from each domain and task should be on the examination.P. Validating the Responsibilities Identified by the Panelists In order to ensure the validity of the study and content outline developed by the panels. academic representatives. with oversight from the steering committee. The RDS process was led by a steering committee. a broad category of duties and responsibilities that define the role.E. and relevant by survey respondents would have the most questions devoted to them on the examination. A valid examination draws questions from every important area of the profession and specifies that performance areas (domains) considered more important. with participants from 87 countries and representing every major industry. critical. was developed. including representatives from organizations that utilize project risk management professionals for success. reached a consensus on the performance domains. and relevant be represented by more questions on the examination. a survey requesting feedback on the panel’s work was sent to project risk management practitioners throughout the world. APPENDIX A: ROLE DELINEATION STUDY (RDS) PROCESS Defining the Responsibilities The first step in developing a certification examination is to define the responsibilities of the recipients of the credential. Inc. working under the direction of Professional Education Service (PES). Several other groups contributed to the formation and shaping of the RDS process. Surveys were distributed globally to over one thousand project risk managers around the world. This provided PMI with the statistical significance from which to draw conclusions about the criticality for competent performance and frequency of the tasks. PMI commissioned a global.

prior to including the questions in the final databank of test questions. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 16 . The pre-test items allow PMI to monitor the question performance better. The remaining 20 questions will be dispersed throughout the domains as pretest questions and will not count in the candidates’ scores. Domain Percentage of Items on Test Risk Strategy and Planning 19–20% Stakeholder Engagement 19–20% Risk Process Facilitation 25–28% Risk Monitoring and Reporting 19–20% Perform Specialized Risk Analyses 14–16% Total 100% ©2012 Project Management Institute. Inc. Results of the study indicated that the 150 scorable questions on the test should be distributed among the domains as shown in the following table.

PMI Risk Management Professional (PMI-RMP)® Exam Content Outline © 2012 Project Management Institute. All Rights Reserved. .Making project management indispensable for business results. Inc.