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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

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

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

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PES has provided a full range of assessment and advisory services to organizations across a broad range of professions. while the PMI-RMP Examination Content Outline. Please see Appendix A for a detailed description of the process. Finally. the role delineation study guarantees that each examination validly measures all elements of the project risk management profession in terms of real settings. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 1 . 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. thus. mitigating threats and capitalizing on opportunities. 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. it is imperative that the PMI-RMP examination reflect accurately the practices of the project risk management professional. and continuing professional education. PES is dedicated to promoting the public welfare through credentialing as a mission-driven. 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 aligns its process with certification industry best practices. tasks. Inc. Thus. ©2012 Project Management Institute. 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. 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. PMI retained Professional Examination Service (PES) to develop the global PMI-RMP Examination Content Outline. and determine the level of salience. This process uses knowledge and task-driven guidelines to assess practitioner competence. the Practice Standard for Project Risk Management and PMBOK® Guide have commonalities. not-for-profit organization. The PMI-RMP examination is a vital part of the activities leading to earning a professional credential. INTRODUCTION The Project Management Institute (PMI)® offers a professional credential for project risk managers. and using their experience and pertinent resources to help in this task. PMI’s professional credentialing examination development processes stand apart from other project management certification examination development practices. in support of professional licensure and certification. and skills required to perform to the industry-wide standard in the role of a project risk manager. training. The role delineation study ensures the validity of an examination. known as the PMI Risk Management Professional (PMI-RMP)®. 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. and frequency of each of the knowledge. Since 1941. such as those found in the Standards for Educational and Psychological Testing. They were charged with defining the roles of individuals assessing and identifying project risks. criticality.

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

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. 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. 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. Inc.

Task 4 Produce risk management plan for the project on the basis of inputs such as project information. 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. Task 3 Develop and recommend project risk strategy based on project objectives in order to establish the outline for the risk management plan. and response. 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. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 4 . fund. and industry policies and procedures in order to define. stakeholder inputs. planning. tools. Inc. 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 staff effective risk management processes for the project that align with other project plans. techniques. DOMAINS AND TASKS Domain 1: Risk Strategy and Planning Activities related to developing policies. and procedures for risk assessment. and outputs  Project risk contingency and management reserve  Research and analysis techniques  Basic strategy development methodologies ©2012 Project Management Institute. 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. processes. external factors.

Inc. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 5 .Skills in:  Assessing stakeholder risk tolerance  Building stakeholder consensus ©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. Task 6 Engage stakeholders on risk prioritization process based on stakeholder risk tolerance and other relevant criteria. Inc. risk process facilitation. coach. 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. Task 2 Train. 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. OPA) and external (for example. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 6 . prioritizing project risk. EEF) ©2012 Project Management Institute. and foster engagement in risk management. 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. Knowledge of:  Information resources. Task 3 Coach project team members in implementing risk processes in order to ensure the consistent application of risk processes.Domain 2: Stakeholder Engagement Activities related to promoting the understanding of project risk management for stakeholders and project team members. assessing stakeholder risk tolerance. both internal (for example. risk reporting. in order to optimize consensus regarding priorities. and risk ownership. 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. and educate stakeholders in risk principles and processes in order to create shared understanding of principles and processes. Task 7 Provide risk-related recommendations to stakeholders regarding risk strategy and planning. and promoting risk ownership. and specialized risk tasks by using effective communication techniques in order to support effective risk-based decision making. responsibility.

 Project performance information  Stakeholder sensitivity analysis models  Training and coaching techniques  Types of stakeholder risk attitudes (including but not limited risk seeking. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 7 . and risk averse)  Group decision making  Group creativity (including but not limited to brainstorming. Delphi technique. risk tolerant. nominal group technique. Inc. 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. idea/mind mapping.

root cause analysis. document review. prioritization. questionnaires. and risk metric trend analysis)  Basic quantitative risk analysis tools and techniques (including but not ©2012 Project Management Institute. Risk Breakdown Structure analysis. and response among project team members. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 8 . 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. evaluation. 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. 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. Knowledge of:  Basic risk identification tools and techniques for both threats and opportunities (including but not limited to brainstorming. and lessons-learned review from similar projects)  Basic qualitative risk analysis tools and techniques (including but not limited to probability-impact matrices. interviews. SWOT analysis. 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. risk scoring. assumptions and constraints analysis. Inc. 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. Pareto prioritization analysis. cause and effect analysis.Domain 3: Risk Process Facilitation Activities related to facilitating risk identification. checklists. affinity diagrams. Task 7 Use scenarios to validate potential risk responses and evaluate key dependencies and requirements in order to enhance the likelihood of project success. prompt lists. 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.

FMEA/FMECA/Fault Tree analysis. Inc. nominal group technique. limited to Monte Carlo analysis. 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. decision trees. idea/mind mapping. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 9 . Delphi technique. 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.

Task 6 Update the project risk management plan using relevant internal and external inputs in order to keep the plan current. Task 7 Capture risk lessons learned through comprehensive review of the project risk management plan. Response Plans Behind Schedule.Domain 4: Risk Monitoring and Reporting Activities related to monitoring risk. Task 4 Monitor risk response metrics by analyzing risk response performance information. and other associated reports in order to incorporate into future risk planning. and Risk Outcomes)  Requirements for risk register data fields  Risk statement construction ©2012 Project Management Institute. Task 2 Coordinate with project manager using communication techniques in order to integrate risk management throughout the project. Inc. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 10 . risk process performance reports. risk register. and communicating risk response performance to stakeholders and project team. risk audits. Risks Transitioned to Issues. and present to key stakeholders in order to ensure resolution of risk and develop additional risk response strategies to address residual and secondary risks. 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. risk database) and techniques in order to maintain a single. evaluating risk response against established metrics. Risk Triggers. Top Risk List. 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. current repository of all project risk information. 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. Task 5 Analyze risk process performance against established metrics in order to drive risk process improvements.

All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 11 . Inc.  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.

advanced Monte Carlo analysis. 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. visualization. risk-based critical chain analysis. and nominal group technique)  Advanced quantitative risk analysis tools and techniques (including but not limited to. cost-benefit analysis. futures thinking. project risk surveys. 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. risk connectivity analysis. parametric. risk-based earned value analysis. analytical hierarchy process. risk tolerance analysis. integrated cost/schedule 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. risk metric trend analysis. Task 3 Perform specialized risk analysis using advanced tools and techniques in order to support stakeholder decision making for the project. risk taxonomy. Delphi groups. bowtie analysis.Domain 5: Perform Specialized Risk Analyses Activities related to the specialized quantitative and qualitative tools and techniques used by project risk management professionals. Monte Carlo analysis against overall project objectives. Knowledge of:  Advanced risk identification tools and techniques for both threats and opportunities (including but not limited to force field analysis. Inc. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 12 . scenario planning. and multi-factor regression analysis. analogous. system dynamics. modeling techniques. risk reserve analysis. and bottom-up)  Advanced theory of heuristics and other sources of cognitive bias  Variance/Earned Value Analysis ©2012 Project Management Institute.

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.

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

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

The remaining 20 questions will be dispersed throughout the domains as pretest questions and will not count in the candidates’ scores. 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. The pre-test items allow PMI to monitor the question performance better. All rights reserved PMI Risk Management Professional (PMI-RMP)® Exam Content Outline 16 . Inc. prior to including the questions in the final databank of test questions. 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. . Inc.Making project management indispensable for business results. PMI Risk Management Professional (PMI-RMP)® Exam Content Outline © 2012 Project Management Institute.