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PMI PMI-RMP Practice Q&A's

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Stakeholder Engagement (19-20%)

  • Training, coaching, and educating the stakeholders in risk processes and principles to create a common understanding of processes & principles, as well as foster involvement in risk management;
  • Coaching the project team members in performing risk processes to secure the regular utilization of risk processes;
  • Promoting risk ownership by proactively communicating responsibilities and roles as well as involving project team members in the expansion of risk responses for improving the risk response execution;
  • Providing the risk-related advice to the stakeholders concerning risk planning and strategy, risk reporting, risk process facilitation, and functional risk tasks utilizing useful communication techniques for supporting effective risk-based decision making;
  • Utilizing useful communication methods and sharing information on project risk performance to liaise with the stakeholders of other projects to notify them about suggestions for their projects.
  • Utilizing the tools and processes such as analyzing historical stakeholder behaviors and interviewing stakeholders to assess stakeholder risk tolerance for identifying the project risk thresholds;
  • Engaging the stakeholders on the risk prioritization process according to the stakeholder risk tolerance and different relevant standards for optimizing the consensus regarding priorities;
  • Utilizing the interpersonal skills to develop a common understanding of the importance of risk management to foster the proper level of risk ownership, responsibility, and shared accountability;

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Main Requirements to Meet

The PMI-RMP certification is intended for those professionals who possess advanced risk management knowledge and experience. The individuals who perform the role of a Project Manager and are involved in managing large projects and/or complex environments can also pursue this certificate.

The eligibility requirements for the PMI-RMP certification include holding a secondary degree (including a high school diploma, an associate’s degree, or their global equivalent); 36 months of work experience in project risk management within the last 5 years; and at least 40 hours of risk management education concerning projects. If you do not meet some of the above-mentioned prerequisites, you can also qualify for this certificate satisfying the following requirements: a bachelor’s degree or a global equivalent of the same; at least 24 months of work experience in risk management within the last 5 years; and at least 30 hours of conclusive risk management education concerning projects.

Reference: https://www.pmi.org/certifications/risk-management-rmp

PMI PMI-RMP Exam Syllabus Topics:

SectionObjectives
Risk Response Planning- Threat Response Strategies
- Opportunity Response Strategies
Risk Identification- Identifying Individual Risks
- Overall Project Risk Identification
Risk Strategy and Planning- Stakeholder Engagement in Risk
- Risk Management Planning
Risk Analysis- Qualitative Risk Analysis
- Quantitative Risk Analysis
Risk Monitoring and Control- Risk Audits and Reviews
- Risk Reporting and Communication
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