Our Second Edition of Passing the Risk Management Professional (PMI-RMP)® Certification Exam the First Time provides a detailed approach to manage project risk. This practical book uses the Project Management Body of Knowledge (PMBOK)® as a guide to help Project Managers and other professionals pass the Risk Management Professional (PMI-RMP)® certification exam.
The Project Management Institute (PMI)® established the Risk Management Professional (PMI-RMP)® credential as a response to project management’s increasing growth, complexity and diversity. Globally recognized and demanded, the PMI-RMP® fills the need for a specialist role in project risk management.
Per PMI, “The (PMI-RMP)® credential recognizes individual’s unique expertise and competency in assessing and identifying project risks, mitigating threats and capitalizing on opportunities, while still possessing basic skills in all areas of project management. The (PMI-RMP)® certification was developed by practitioners for practitioners, and represents a diverse global audience. PMI certifications give you a technical and financial edge.”
The Project Management Institute states that a solid Project Risk Management program increases chances of project success by as much as 90%! Effective risk management identifies threats that can negatively impact a project, and opportunities to improve overall project performance. It is said that “You can manage risk or risk will manage you!” The key to successful risk management–use a proven process to manage risk! We share this process and more!
Our Second Edition of Passing the Risk Management Professional (PMI-RMP)® Certification Exam the First Time helps the reader understand the six distinct processes in the PMI Project Risk Management framework. We define inputs, key tools and techniques, and outputs that can be applied to projects, thereby improving the reader’s overall risk management skills. We are confident the reader will gain a far greater understanding of this proven process to better manage project risk effectively. Your ability to finish projects on time, within budget, and provide a product that conforms to requirements and is fit for use will improve. Our Second Edition has more activities, more practice questions, and satisfies the criteria of the (PMI-RMP)® Exam Content Outline and its five domains.
The book is designed to help the reader recognize and accurately respond to potential PMI-RMP® certification questions in each of the four domains of Project Risk Management.
- The book is organized using the “PIER-C” approach. This acronym stands for Plan-Identify-Evaluate-Respond-Control. We share tips on how to plan an effective risk management program, and identify and document risks. We describe two proven evaluation techniques to identify risks with the greatest potential to impact a project, and seven specific risk response techniques. We conclude with overviews of Control Risks and Risk Governance, and devote an entire chapter to other areas in the PMBOK you need to know to pass the exam such as Earned value Technique, Project Stakeholder Management, and more!
- We provide activities at the end of each chapter. These activities are developed to ensure you understand key concepts that will likely surface on the certification examination.
- We provide a 150 question final test with answers and explanations. This practice test covers materials you need to know throughout the entire PMBOK that you will likely encounter on the exam. Answers with explanations are provided as well.
- We provide a comprehensive list of commonly used acronyms and a comprehensive glossary of terms that will help you understand key concepts. We will share the complex language of Project Risk Management.
You can count on this book to be the primary source you need to pass the PMI-RMP® exam the first time. In addition, this book will serve as a great reference to improve your overall Project Risk Management skills.