1st Edition
Mastering the PMI Risk Management Professional (PMI-RMP) Exam Complete Coverage of the PMI-RMP Exam Content Outline and Specifications Updated March 2022
Risk Management Professionals seek to identify, analyze, and document the risks associated with a company’s business operations, as well as monitor the effectiveness of risk management processes and implement needed changes. The PMI Risk Management Professional (PMI-RMP)® certification not only highlights the ability to identify and assess project risks, mitigate threats, and capitalize on opportunities, but it also enhances and protects the needs of the organization. Gaining distinction as a PMI-RMP sets the Risk Management Professional apart from other professionals and brings credit to an organization.
The exams from the Project Management Institute are not easy, so whether you are running a course as an instructor or studying by yourself, you need a good study guide to maximize time spent studying and one which enhances the chances of passing the exam. Test takers sitting for the exam need a study guide that suggests which study materials are best to read in preparation for the exam, presents exercises to enhance learning and understanding, and provides sample exam questions.
Most study guides just explain the contents of the exam without providing the tools to maximize learning. Klaus Nielsen, an Authorized Training Partner with PMI, translates the PMI examination content outline for April 2022 into what people need to do and know in preparation and provides them with exercises and prep questions as a quick and easy check to ensure they are on the right path in preparation for taking the exam. This book helps maximize the chance of passing the exam.
Preface
About the author
Acknowledgement
Chapter 1 - How this book is organized
Chapter 2 - Pretest knowledge assessment
2.1 Pretest knowledge assessment questions
2.2 Pretest knowledge assessment answers
Chapter 3 - PMI-RMP Certification overview
3.1 Certification
3.2 Why Become Certified?
3.2.1 Why You should Become Certified Now
3.3 Who Certifies?
3.4 Who Becomes Certified?
3.5 How to Become Certified
3.5.1 Documenting the PMI-RMP eligibility requirements
3.5.2 Continuing Certification requirements (CCR)
3.6 When to Become Certified
3.7 Where to Become Certified
3.8 What is the PMI-RMP Certification
3.9 What is a Certification Blueprint
Chapter 4 - Study tips (what to read and do) and how to pass the exam
4.1 Step-by-Step Study Plan
4.2 Exam basics
4.3 Before the exam
4.4 During the exam
Chapter 5 – Domain I - Risk Strategy and Planning
5.1 Domain I - Key Terms
5.2 Domain I - Brief Introduction – Risk Strategy and Planning
5.3 Domain I - Risk Management Life Cycle
5.4 Domain I - Mapping the PMI-RMP Exam Content Outline to the readings
5.5 Domain I - Task 1 Perform a preliminary document analysis
5.6 Domain I - Task 2 Assess project environment for threats and opportunities
5.7 Domain I - Task 3 Confirm risk thresholds based on risk appetites
5.8 Domain I - Task 4 Establish risk management strategy
5.9 Domain I - Task 5 Document the risk management plan
5.10 Domain I - Task 6 Plan and lead risk management activities with stakeholders
5.11 Domain I - Predictive approaches
5.12 Domain I - Agile approaches
5.13 Domain I - Hybrid approaches
5.14 Domain I - Sample PMI-RMP Exam Questions on Risk Strategy and Planning
5.15 Domain I - Summary of the content - Somewhat sequential
Chapter 6 – Domain II - Risk Identification
6.1 Domain II - Key terms
6.2 Domain II - Brief introduction – Risk Identification
6.3 Domain II - Risk Management Life Cycle
6.4 Domain II - Mapping the PMI-RMP Exam Content Outline to the readings
6.5 Domain II - Task 1 Conduct risk identification exercises
6.6 Domain II - Task 2 Examine assumption and constraint analyses
6.7 Domain II - Task 3 Document risk triggers and thresholds based on context/environment
6.8 Domain II - Task 4 Develop risk register
6.9 Domain II - Predictive approaches
6.10 Domain II - Agile approaches
6.11 Domain II - Hybrid approaches
6.12 Domain II - Sample PMI-RMP Exam questions on Risk Identification
6.13 Domain II - Summary of the content - Somewhat sequential
Chapter 7 – Domain III - Risk Analysis
7.1 Domain III - Key terms
7.2 Domain III - Brief Introduction – Risk Analysis
7.3 Domain III - Risk Management Life Cycle
7.4 Domain III - Mapping the PMI-RMP Exam Content Outline to the readings
7.5 Domain III - Task 1 Perform qualitative analysis
7.6 Domain III - Task 2 Perform quantitative analysis
7.7 Domain III - Task 3 Identify threats and opportunities
7.8 Domain III - Predictive approaches
7.9 Domain III - Agile approaches
7.10 Domain III - Hybrid approaches
7.11 Domain III - Sample PMI-RMP Exam Question on Risk Analysis
7.12 Domain III - Summary of the content - Somewhat sequential
Chapter 8 – Domain IV - Risk Response
8.1 Domain IV - Key terms
8.2 Domain IV - Brief Introduction – Risk Response
8.3 Domain IV - Risk Management Life Cycle
8.4 Domain IV - Mapping the PMI-RMP Exam Content Outline to the readings
8.5 Domain IV - Task 1 Plan risk response
8.6 Domain IV - Task 2 Implement risk response
8.7 Domain IV - Predictive approaches
8.8 Domain IV - Agile approaches
8.9 Domain IV - Hybrid approaches
8.10 Domain IV - Sample PMI-RMP Exam Question on Risk Responses
8.11 Domain IV - Summary of the content - Somewhat sequential
Chapter 9 – Domain V - Monitor and Close Risks
9.1 Domain V - Key terms
9.2 Domain V - Brief Introduction – Monitor and Close Risks
9.3 Domain V - Risk Management Life Cycle
9.4 Domain V - Mapping the PMI-RMP Exam Content Outline to the readings
9.5 Domain V - Task 1 Gather and analyze performance data
9.6 Domain V - Task 2 Monitor residual & secondary risks
9.7 Domain V - Task 3 Provide information required to update relevant project documents
9.8 Domain V - Task 4 Monitor project risk levels
9.9 Domain V - Predictive approaches
9.10 Domain V - Agile approaches
9.11 Domain V - Hybrid approaches
9.12 Domain V - Sample PMI-RMP Exam questions on Monitor and Close Risks
9.13 Domain V - Summary of the content - Somewhat sequential
Chapter 10 - Full Practice Exam One
10.1 Full Practice Exam One Questions
10.2 Full Practice Exam One Answers
Chapter 11 - Full Practice Exam Two
11.1 Full Practice Exam Two Questions
11.2 Full Practice Exam Two Answers
Appendix A - Agile Mindset and Principles
A.1 Agile is a Mindset, a Culture
A.2 Lean principles
A.3 Agile Manifesto values and principles
A.4 The Twelve Principles of Agile Software
A.5 Declaration of Interdependence for Modern Management
A.6 Agile practice
A.7 Sample PMI-RMP Exam Questions on Agile Mindset and Principles
Appendix B - Scrum and Continuous Risk Management in Scrum
B.1 Agile frameworks and terminology
B.2 Scrum
B.3 Risk Management in Scrum
B.4 Sample PMI-RMP Exam Questions on Scrum and Risk Management in Scrum
Appendix C – Hybrid Project and Risk management
C.1 Hybrid Project Management
C.2 Hybrid Risk Management
Appendix D – PMI Code of Ethics and Professional Conduct
D.1 Sample PMI-RMP Exam questions on Code of Ethics and Professional Conduct
Appendix E – Cross Reference Guide
Appendix F – Tasks Placemat
Glossary of terms and acronyms
List of references
Biography
Klaus Nielsen, Cambridge (UK) educated and dual MBA (HRM and Technology) holder from the US who has worked in Project, Programs and Portfolio Management for more than 15 years. Mr. Nielsen is the author of Agile Portfolio Management (Routledge, 2022); I Am Agile (2013); Mastering the Business Case (2015), Achieve PMI-PBA® Exam Success (2015); Agile Certified Practitioner Exam (2016) and writer of several industry articles published worldwide. He is the founder of Global Business Development, a PMI Registered Education Provider and agile training provider where he trains and consults to businesses ranging from small start-ups to top 500 companies worldwide. For the last eight years, Klaus has taught part-time at the IT University of Copenhagen as faculty lecture ad is a frequent speaker at events, conferences and tradeshows.
