Risk Monitoring and Reporting (19-20%)
- Analyzing the risk process performance toward established metrics for driving the risk process improvements;
- Utilizing the risk-related metrics as defined in the risk management plan to create the periodical standard and custom reports for communicating the risk management status and activities;
- Updating the project risk management plan utilizing the relevant external and internal inputs for keeping the plan current;
- Coordinating with project manager utilizing communication techniques for integrating the risk management during the project;
- Monitoring the risk response metrics by examining risk response display information and presenting to key stakeholders for ensuring analysis of risk as well as developing extra risk response strategies to remove secondary & residual risks;
- Utilizing the standard tools & techniques to document and regularly update the project risk data for maintaining a current repository of all the project risk information;
- Capturing the risk lessons discovered through a thorough review of the project risk process performance reports, risk management plan, risk audits, risk register, and other reports for incorporating into later risk planning.
Reference: https://www.pmi.org/certifications/risk-management-rmp
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The PMI Risk Management Professional (PMI-RMP) certification validates the specialists’ expertise in identifying and evaluating project risks, mitigating threats, and capitalizing on the opportunities to enhance and protect the needs of any organization. The certificate also maintains a fundamental level of competence in all the areas of project management. To get certified, the applicants are required to meet certain educational and experience requirements as well as complete one qualifying exam.
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PMI PMI-RMP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Risk Identification | 23% | - Identify internal and external risks - Apply identification techniques - Document risks and characteristics - Capture opportunities as well as threats - Update risk register |
| Risk Strategy and Planning | 22% | - Define risk appetite, threshold, and tolerance - Integrate risk management into project lifecycle - Align risk management with organizational and project objectives - Develop risk management strategy - Create risk management plan |
| Risk Analysis | 23% | - Perform qualitative risk analysis - Use simulation and modeling techniques - Assess probability and impact - Perform quantitative risk analysis - Prioritize risks |
| Risk Monitoring and Reporting | 19% | - Identify new and emerging risks - Track effectiveness of responses - Update risk register and documents - Communicate risk status to stakeholders - Monitor identified risks and triggers - Capture lessons learned |
| Risk Response Planning | 13% | - Assign owners and responsibilities - Select appropriate response actions - Develop response strategies for threats and opportunities - Integrate responses into project plan |



