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Taking a Chance on the PMI-RMP

Jul 31, 2009

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Preparing to Pass the PMI-RMP Exam

If you’re going to take this PMI-RMP exam, you might as well prepare to pass the exam on your first try. No reason to waste your time and monies, right? You should study just what needs to be studied. Here’s what you’ll be tested on:

Risk Communication: This objective accounts for 27 percent of your exam. Stakeholders want to know what’s happening in the project. They’ll want to know about what risks you’ve identified, the status of the risk events, and what your plans are to manage the events.
Risk Analysis: This objective accounts for 30 percent of your exam. Qualitative analysis demands risks to be quickly assessed and prioritized based on their probability, impact, and urgency. Some risks, the most serious and imminent ones, are promoted onto quantitative risk analysis. Quantitative analysis wants to define the cost or time delay of the risk impact and prove the suspected probability.
Risk Response Planning: This exam objectives accounts for 26 percent of your exam. There are seven risk responses the PMI-RMP should be familiar with: avoidance, transference, mitigation, enhance, exploit, share, and acceptance. You’ll need to know when it’s best to use which risk response and why.
Risk Governance: This exam domain accounts for 17 percent of your exam. An organization may have enterprise environmental factors—that is, policies and relevant regulations that affect how the risks are identified, analyzed, responded to, and controlled.

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