Risk Management Professional (PMI-RMP)
If you’re looking to hone your project management skills, this course is the perfect preparation for achieving PMI’s Risk Management Professional (PMI-RMP) certification. This credential meets the growing demands of modern project management, including increased complexity and diversity: all while following the 6th Edition of the PMBOK guidebook.
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Closed Captions
Certificate of Completion
Course Description for PMI Risk Management Professional (PMI-RMP) 6th Edition Certification
The PMI Risk Management Professional (PMI-RMP) 6th Edition course is designed to equip you with the essential skills and knowledge needed to effectively manage risks in projects. This comprehensive course covers key concepts, tools, and techniques in risk management, aligning with the latest PMI-RMP exam content outline. Throughout the course, you will gain insights into risk strategy and planning, stakeholder engagement, risk process facilitation, and specialized risk analyses.
Through practical examples and real-world applications, this course will enhance your ability to identify, assess, and mitigate risks, ensuring successful project outcomes. Whether you’re a project manager seeking to specialize in risk management or a professional aiming to enhance your skills, this course offers valuable insights and strategies to advance your career.
What You Will Learn in PMI Risk Management Professional (PMI-RMP) Certification Course
Enrolling in the PMI-RMP course will provide you with a robust understanding of risk management principles and their practical applications. You will develop the skills necessary to handle risks effectively, ensuring project success and stakeholder satisfaction.
- Fundamentals of risk management and its importance in project success
- Strategies for effective risk identification and assessment
- Techniques for risk mitigation and response planning
- Approaches to stakeholder engagement in risk management
- Processes for risk monitoring and reporting
- Advanced methods for specialized risk analyses
Exam Objectives for PMI Risk Management Professional (PMI-RMP) Certification
The PMI-RMP certification is governed by the Project Management Institute (PMI). The exam objectives are structured to evaluate your expertise in risk management across various domains. Each objective is crucial for demonstrating your ability to manage project risks effectively.
- Risk Strategy and Planning: Develop and implement risk management strategies (20% of the exam)
- Stakeholder Engagement: Engage stakeholders and ensure effective communication (25% of the exam)
- Risk Process Facilitation: Facilitate risk management processes and activities (30% of the exam)
- Risk Monitoring and Reporting: Monitor and report risk status and metrics (15% of the exam)
- Specialized Risk Analyses: Perform advanced risk analyses and assessments (10% of the exam)
Who This PMI Risk Management Professional (PMI-RMP) Course is For
This course is ideal for a wide range of professionals seeking to enhance their risk management capabilities and achieve PMI-RMP certification. Whether you are an experienced project manager or new to the field, this course provides valuable knowledge and skills.
- Project Managers looking to specialize in risk management
- Risk Management Professionals aiming to validate their skills
- Business Analysts involved in risk assessment and planning
- Professionals preparing for the PMI-RMP certification exam
- Individuals seeking to improve project outcomes through effective risk management
Possible Jobs You Can Get With PMI Risk Management Professional (PMI-RMP) Certification
Achieving the PMI-RMP certification opens up numerous career opportunities in various industries. The skills and knowledge gained from this course are highly valued and can lead to prominent roles in project management and risk assessment.
- Risk Manager
- Project Risk Analyst
- Risk Management Consultant
- Project Manager with a focus on risk management
- Business Continuity Specialist
Average Industry Salaries for People with PMI Risk Management Professional (PMI-RMP) Certification
Professionals with PMI-RMP certification are highly sought after and can command competitive salaries. The certification validates your expertise in risk management, leading to better job prospects and higher earning potential.
- Risk Manager: $100,000 – $130,000 per year
- Project Risk Analyst: $85,000 – $115,000 per year
- Risk Management Consultant: $90,000 – $120,000 per year
- Project Manager: $95,000 – $125,000 per year
- Business Continuity Specialist
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Key Term Knowledge Base: Key Terms Related to Risk Management Professional (PMI-RMP)
Understanding key terms in Risk Management Professional (PMI-RMP) is crucial for professionals looking to enhance their skills in project risk management. These terms form the foundation of risk management knowledge and are vital for effectively identifying, analyzing, and mitigating risks in projects.
| Term | Definition |
|---|---|
| Risk Management | The process of identifying, assessing, and controlling threats to an organization’s capital and earnings. |
| PMI-RMP | Project Management Institute – Risk Management Professional, a certification for risk management professionals. |
| PMBOK | Project Management Body of Knowledge, a set of standard terminology and guidelines for project management. |
| Risk Identification | The process of determining risks that could potentially prevent the project from achieving its objectives. |
| Qualitative Risk Analysis | The process of prioritizing risks for further analysis or action by assessing their probability of occurrence and impact. |
| Quantitative Risk Analysis | The process of numerically analyzing the effect of identified risks on overall project objectives. |
| Risk Response Planning | The process of developing options and determining actions to enhance opportunities and reduce threats to project objectives. |
| Risk Monitoring and Controlling | The process of tracking identified risks, monitoring residual risks, identifying new risks, and executing risk response plans. |
| Stakeholder Engagement | The systematic identification, analysis, planning, and implementation of actions designed to engage with stakeholders. |
| Risk Process Facilitation | The coordination of the risk management process, including planning, identification, analysis, response planning, and monitoring and control. |
| Specialized Risk Analyses | Advanced techniques used to understand and analyze risks within a project. |
| Risk Management Plan | A document prepared by a project manager to foresee risks, estimate impacts, and define responses to issues. |
| Risk Appetite | The level of risk that an organization is prepared to accept in pursuit of its objectives. |
| Risk Tolerance | The degree of variability in investment returns that an individual or organization is willing to withstand. |
| Risk Threshold | The level of risk exposure above which risks are addressed and below which risks may be accepted. |
| Risk Register | A document in which the results of risk analysis and risk response planning are recorded. |
| Contingency Plan | A plan devised for an outcome other than in the usual (expected) plan, often used for risk management. |
| Mitigation Strategies | Actions taken to reduce the likelihood or impact of a risk. |
| Risk Owner | The person responsible for managing risks and implementing risk responses. |
| Residual Risk | The risk that remains after all efforts to identify and eliminate risk have been made. |
This knowledge base provides a foundational understanding of key concepts in project risk management, essential for professionals seeking the PMI-RMP certification.
Frequently Asked Questions About Risk Management Professional Certification
What is the PMI-RMP certification?
The PMI-RMP (Project Management Institute-Risk Management Professional) certification is a globally recognized credential that validates a professional’s expertise in identifying and managing project risks. It is offered by the Project Management Institute (PMI).
Why should I pursue the PMI-RMP certification?
Obtaining the PMI-RMP certification demonstrates your commitment to excellence in risk management and enhances your professional credibility. It can open doors to new career opportunities and increase your earning potential. It also provides you with a comprehensive framework and best practices for effectively managing risks in projects.
What are the eligibility requirements for the PMI-RMP certification?
To be eligible for the PMI-RMP certification, you must have a secondary degree (high school diploma, associate’s degree, or global equivalent) and meet specific project risk management experience requirements. PMI requires a minimum of 4,500 hours of professional project risk management experience along with at least 40 hours of formal project risk management education. Alternatively, you can meet the eligibility criteria with a four-year degree, 3,000 hours of project risk management experience, and 30 hours of formal education.
How do I apply for the PMI-RMP certification?
To apply for the PMI-RMP certification, you need to create an account on the PMI website (www.pmi.org) and complete the online application. The application requires you to provide details of your education, project risk management experience, and formal training in risk management. You may also need to provide supporting documentation, such as education transcripts and certificates of training.
What is the PMI-RMP exam format?
The PMI-RMP exam is a computer-based test consisting of multiple-choice questions. It assesses your knowledge and understanding of project risk management concepts, principles, and practices. The exam consists of 170 questions, and you have 3.5 hours to complete it. The questions are based on the PMI-RMP Exam Content Outline, which outlines the domains and tasks that the exam covers.
How can I prepare for the PMI-RMP exam?
To prepare for the PMI-RMP exam, you can follow a few steps. First, review the PMI-RMP Exam Content Outline provided by PMI to understand the domains and tasks covered in the exam. Then, consider enrolling in a PMI-RMP exam preparation course or workshop to gain in-depth knowledge and practice. Additionally, utilize study materials such as textbooks, online resources, and practice exams to reinforce your understanding and test your knowledge.
Is there a renewal requirement for the PMI-RMP certification?
Yes, the PMI-RMP certification is valid for three years. To maintain your certification, you must earn 30 Professional Development Units (PDUs) in the area of project risk management during each three-year renewal cycle. PDUs can be earned through various activities, including attending educational events, participating in webinars, and publishing articles or papers related to risk management.
Can I earn PDUs for the PMI-RMP certification before passing the exam?
No, PDUs can only be earned after you have obtained the PMI-RMP certification. Once you pass the exam and become a certified PMI-RMP, you can start earning PDUs to fulfill the renewal requirements.
Are there any prerequisites or certifications required before pursuing the PMI-RMP certification?
No, there are no prerequisites or other certifications required to pursue the PMI-RMP certification. However, having prior knowledge or experience in project management can be beneficial in understanding
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PMI Risk Management Professional (PMI-RMP) 6th Edition Course Content
Module 1: Risk Management Fundamentals
- Instructor Intro
- Course Intro
- Risk Management Fundamentals Pt 1
- Risk Management Fundamentals Pt 2
Module 2: Test Requirements
- Test Requirements
Module 3: Test Domains
- Test Domains Pt 1
- Test Domains Pt 2
Module 4: Risk Strategy and Planning
- Risk Strategy and Planning Pt 1
- Risk Strategy and Planning Pt 2
Module 5: Stakeholder Engagement
- Stakeholder Engagement Pt 1
- Stakeholder Engagement Pt 2
- Stakeholder Engagement Pt 3
- Stakeholder Engagement Pt 4
Module 6: Risk Process Facilitation
- Risk Process Facilitation Pt1
- Risk Process Facilitation Pt2
- Risk Process Facilitation Pt3
Module 7: Risk Monitoring and Reporting
- Risk Monitoring and Reporting Pt 1
- Risk Monitoring and Reporting Pt 2
- Risk Monitoring and Reporting Pt 3
Module 8: Specialized Risk Analyses
- Specialized Risk Analyses Pt 1
- Specialized Risk Analyses Pt 2
- Specialized Risk Analyses Pt 3
Module 9: RMP Recap
- RMP Recap
Module 10: RMP Review Questions
- RMP Review Questions Pt 1
- RMP Review Questions Pt 2
- RMP Review Questions Pt 3
- RMP Review Questions Pt 4
- RMP Review Questions Pt 5
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Smooth delivery and easy access to LMS. Good to see that the LMS offers progress tracking. Would be great if badges were offered on completion of courses to share via Credly to future employers.