{"id":30998,"date":"2017-07-20T08:41:31","date_gmt":"2017-07-20T08:41:31","guid":{"rendered":"https:\/\/www.whizlabs.com\/?p=30998"},"modified":"2024-05-17T12:00:05","modified_gmt":"2024-05-17T06:30:05","slug":"risk-management-certification-rmp","status":"publish","type":"post","link":"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/","title":{"rendered":"How to prepare for Risk Management (PMI-RMP) certification exam?"},"content":{"rendered":"<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Founded in 1969, PMI delivers value for more than 2.9 million professionals working in nearly every country in the world through global advocacy, collaboration, education and research. Their standard for project, program and portfolio management are the most widely recognized ones in the profession and are a model for project management in business and government.<\/span><\/p>\n<blockquote><p><strong>Try Now:<\/strong>\u00a0<a style=\"text-align: justify;\" href=\"https:\/\/www.whizlabs.com\/pmi-rmp\/free-test\/\" target=\"_blank\" rel=\"noopener\">Free Test for Risk Management Certification<\/a><\/p><\/blockquote>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">They are developed by thousands of PMI volunteers with experience in every type of project and provide a common language for project management around the world. <\/span> <span lang=\"EN-IN\">They offer eight certifications that recognize knowledge and competency, including the Risk Management Professional (PMI-RMP) \u00ae certification held by more than 4000 practitioners and growing worldwide. <\/span> <span lang=\"EN-IN\">A candidate is assessed by examining his or her competence using<\/span><\/p>\n<ol style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\"><strong>Reviewing Education and Experience<\/strong> \u2013 A combination of education and experience is required for each certification.<\/span><\/li>\n<li><span lang=\"EN-IN\"><strong>Testing Competence<\/strong> \u2013 The candidate is required to apply the concepts and experience to potential on the job situations through a series of scenario-based-questions. <\/span><\/li>\n<li><span lang=\"EN-IN\"><strong>Ongoing Development<\/strong> \u2013 Maintenance of a PMI certification requires the accumulation of ongoing professional development and education. \u00a0\u00a0<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">We can see more details about the Risk Management Professional (PMI-RMP) \u00ae certification in detail in this article. <\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ea7e02;color:#ea7e02\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ea7e02;color:#ea7e02\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Introduction_to_Risk_Management_RMP_Certification\" >Introduction to Risk Management (RMP) Certification<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#PMI-_RMP%C2%AE_Certification_application_process\" >PMI- RMP\u00ae Certification application process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#_How_to_complete_the_online_Application\" >\u00a0How to complete the online Application?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#How_to_record_your_Education_and_Experience_on_the_Application\" >How to record your Education and Experience on the Application?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#PMI-RMP%C2%AE_Certification_Fees\" >PMI-RMP\u00ae Certification Fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#PMI-RMP%C2%AE_Refund_Policy\" >PMI-RMP\u00ae Refund Policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Rescheduling_Cancellation_Policy_for_CBT_Exam\" >Rescheduling \/ Cancellation Policy for CBT Exam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Rescheduling_Cancellation_Policy_for_PBT_Exam\" >Rescheduling \/ Cancellation Policy for PBT Exam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#PMI-RMP%C2%AE_Audit_Process\" >PMI-RMP\u00ae Audit Process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Examination_Language_Aids\" >Examination Language Aids<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Examination_Information\" >Examination Information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Examination_Blueprint\" >Examination Blueprint<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Tasks_related_to_Risk_Strategy_and_Planning_domain\" >Tasks related to Risk Strategy and Planning domain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Tasks_related_to_Stakeholder_Engagement_domain\" >Tasks related to Stakeholder Engagement domain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Tasks_related_to_Risk_Process_Facilitation_domain\" >Tasks related to Risk Process Facilitation domain\u00a0 \u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Tasks_related_to_Risk_Monitoring_and_Reporting_domain\" >Tasks related to Risk Monitoring and Reporting domain\u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Tasks_related_to_Perform_Specialized_Risk_Analyses_domain\" >Tasks related to Perform Specialized Risk Analyses domain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Various_Types_of_Questions_in_the_PMI-RMP%C2%AE_Exam\" >Various Types of Questions in the PMI-RMP\u00ae Exam<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#How_to_prepare_for_the_situation_based_questions\" >How to prepare for the situation based questions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#How_to_prepare_for_the_questions_with_more_than_one_right_answer\" >How to prepare for the questions with more than one right answer?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#How_to_prepare_for_the_questions_related_to_PMI-RMP%C2%AE_Mathematics\" >How to prepare for the questions related to PMI-RMP\u00ae Mathematics?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#How_to_prepare_for_the_questions_with_make-up_term_in_the_PMI-RMP%C2%AE_exam\" >How to prepare for the questions with make-up term in the PMI-RMP\u00ae exam?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#How_to_prepare_for_the_lengthy_word_questions\" >How to prepare for the lengthy word questions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#How_to_prepare_for_the_questions_related_to_the_tools_and_techniques_input_and_output_for_the_project_risk_management_process\" >How to prepare for the questions related to the tools and techniques, input and output for the project risk management process?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#Why_take_the_PMI-RMP%C2%AE_Certification\" >Why take the PMI-RMP\u00ae Certification?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#What_are_the_resources_available_for_the_PMI-RMP%C2%AE_Certification\" >What are the resources available for the PMI-RMP\u00ae Certification?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#How_to_prepare_for_the_PMI-RMP%C2%AE_Certification\" >How to prepare for the PMI-RMP\u00ae Certification<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#What_should_be_covered_in_your_study_plan\" >What should be covered in your study plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#What_is_the_importance_of_quiz_on_each_risk_management_domain\" >What is the importance of quiz on each risk management domain?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#What_is_the_importance_of_exam_like_practice_Test_mock_exam\" >What is the importance of exam like practice Test (mock exam)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#How_to_conduct_yourself_during_the_exam\" >How to conduct yourself during the exam?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/www.whizlabs.com\/blog\/risk-management-certification-rmp\/#What_are_the_common_mistakes_by_the_PMI-RMP%C2%AE_candidates\" >What are the common mistakes by the PMI-RMP\u00ae candidates?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Introduction_to_Risk_Management_RMP_Certification\"><\/span><b> <\/b><span lang=\"EN-IN\">Introduction to Risk Management (RMP) Certification<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The PMI Risk Management Professional (PMI-RMP) \u00ae highlights your ability to identify and access project risks, mitigate threats and capitalize on opportunities. In this capacity, you enhance and protect the needs of your\u00a0organisation. Achieving this certification set you apart from other professionals and credit to your organisation. Eight-three percent of organizations that are high performers in project management practice risk management frequently while forty-nine percent of low performers do so. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">High performers meet their goals 2.5 times more often and waste 13 times less money than low performers as per the pulse of the profession report by PMI in 2015.\u00a0\u00a0\u00a0\u00a0<\/span><span lang=\"EN-IN\">The exam is conducted throughout the year via Prometric testing centers and there is a specific application process you need to follow to take this exam. It is different from other exams since it requires Project Risk Management training, experience in the Risk Management Domains to apply for this exam. \u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">If you are ready for greater challenges and recognition, the PMI-RMP\u00ae will validate your specialized expertise in risk management domain and help you stand out to employers, stakeholders and peers<\/span><span lang=\"EN-IN\">. <\/span><\/p>\n<p style=\"text-align: justify;\"><b> <\/b><b><span lang=\"EN-IN\">Eligibility Requirement for the Risk Management Professional Examination (PMI-RMP) \u00ae<\/span><\/b><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">All project risk management experience must have been accrued within the last five consecutive years prior to your application. <\/span> <span lang=\"EN-IN\">\u00a0<\/span><\/p>\n<table border=\"1\" width=\"567\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr bgcolor=\"#D3D3D3\">\n<td style=\"text-align: center;\" valign=\"top\" width=\"163\"><b><span lang=\"EN-IN\">Education Background<\/span><\/b><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"200\"><b><span lang=\"EN-IN\">Project Risk Management Experience<\/span><\/b><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"200\"><b><span lang=\"EN-IN\">Project Risk Management Education<\/span><\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"163\"><span lang=\"EN-IN\">Secondary degree (high school diploma, associate\u2019s degree or the global equivalent) <\/span><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"200\"><span lang=\"EN-IN\">At least 4500 hours spent in the specialized area of professional project risk management within the last five consecutive years <\/span><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"200\"><span lang=\"EN-IN\">40 contact hours of formal education in the specialized area of project risk management <\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" valign=\"top\" width=\"564\">\n<p style=\"text-align: center;\" align=\"center\"><b><span lang=\"EN-IN\">OR<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"163\"><span lang=\"EN-IN\">Four-year degree (Bachelor\u2019s degree or global equivalent) <\/span><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"200\"><span lang=\"EN-IN\">At least 3000 hours spent in the specialized area of professional project risk management within the last five consecutive years<\/span><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"200\"><span lang=\"EN-IN\">30 contact hours of formal education in the specialized area of project risk management<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"PMI-_RMP%C2%AE_Certification_application_process\"><\/span><b><span lang=\"EN-IN\"><br \/>\nPMI- RMP\u00ae Certification application process <\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\"><a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/12.png\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31002\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/12.png\" alt=\"PMI- RMP\u00ae Certification application process \" width=\"600\" height=\"338\" \/><\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/b><b><\/b> <b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">Submit your application online or via mail to PMI. PMI\u2019s response time is faster for electronic submission. You have 90 days to complete the application once you started it. <\/span><\/li>\n<li><span lang=\"EN-IN\">PMI takes 5 business days to complete the application completeness review.<\/span><\/li>\n<li><span lang=\"EN-IN\">You cannot schedule exam until you submit payment of credential fees. You need to complete the payment of credential fees for Computer-based testing ($520 for PMI members and $670 for non-member).<\/span><\/li>\n<li><span lang=\"EN-IN\">If your application is selected for audit process you have 90 days to send your audit materials. PMI processes the audit material in 5-7 days. <\/span><\/li>\n<li><span lang=\"EN-IN\">Otherwise, you receive your authorization to schedule the exam in any Prometric testing centers within one year from the date of the application approval. You can take the exam up to 3 times during this 1 year. You need to pay your re-examination fees to the second and third attempts to pass the examination. (($335 for PMI members and $435 for non-member). <\/span><\/li>\n<li><span lang=\"EN-IN\">You need to acquire 30 PDUs within 3 years to maintain the credential acquired failing which your credential is suspended for 1 year. If you are not acquiring the PDUs before that, your credential expires. If you wish to hold the credential again, you need to reapply again.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"_How_to_complete_the_online_Application\"><\/span><b><span lang=\"EN-IN\">\u00a0<\/span><\/b>How to complete the online Application?<b><span lang=\"EN-IN\">\u00a0<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\"><a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/2.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31003\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/2.jpg\" alt=\"How to complete online application\" width=\"300\" height=\"300\" \/><\/a><\/span><\/b><span lang=\"EN-IN\">PMI encourages you to use the online certification system to apply for all certifications. A printable version of the application is available on a case-by-case basis. Please contact Customer Care to submit a request. <\/span> <span lang=\"EN-IN\">Once you start an online application, you cannot cancel it.\u00a0 You can save it unfinished, come back to it later, and edit any information you already entered. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The application will remain open for 90 days during which time PMI will send you an email reminder to complete the application.<\/span> <span lang=\"EN-IN\">Please ensure that the application includes your valid, unique email address as this will be the primary mode of communication from PMI throughout the certification process. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Although PMI will email you reminders during the process, you have the responsibility to schedule and sit for your examination within the one-year eligibility period.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Before you submit the application, you will be required to read and agree to the PMI Code of Ethics and Professional Conduct and the Certification Application \/Renewal Agreement, which can be found on PMI.org\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">You can also use the online certification system to:<\/span><\/li>\n<li><span lang=\"EN-IN\">View your submitted certification application<\/span><\/li>\n<li><span lang=\"EN-IN\">View your examination eligibility status<\/span><\/li>\n<li><span lang=\"EN-IN\">Download PMI audit forms<\/span><\/li>\n<li><span lang=\"EN-IN\">Download your exam report with your pass \/fail status<\/span><\/li>\n<li><span lang=\"EN-IN\">Apply and submit payment to take or retake any PMI examination and \/ or evaluation <\/span><\/li>\n<li><span lang=\"EN-IN\">Submit payment for certification renewal <\/span><\/li>\n<li><span lang=\"EN-IN\">Download receipts<\/span><\/li>\n<li><span lang=\"EN-IN\">Access your certification record and update your contact information<\/span><\/li>\n<li><span lang=\"EN-IN\">View your listing on the Certification Registry <\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Note: Incomplete applications and faxed applications will not be processed or returned.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"How_to_record_your_Education_and_Experience_on_the_Application\"><\/span><b> <\/b><span lang=\"EN-IN\">How to record your Education and Experience on the Application?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Use the experience verification section of the online application to record your experience. Record projects individually regardless of the number of projects you include. <\/span><\/p>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\">Number of hours that you specialized in Project Risk Management <\/span><\/b><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Consider all of the projects that you have worked on and identify how many hours you spent on project risk management. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">If you worked on multiple projects at one time, all the hours spent on project risk management count toward the total.<\/span><\/p>\n<p style=\"text-align: justify;\"><b><\/b> <b><span lang=\"EN-IN\">Contact hours of Project Risk Management Education<\/span><\/b><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">If you hold a four-year degree, record a minimum of 30 contact hours of education which is related to project risk. If you hold a high school diploma, associates degree or global equivalent, record a minimum or 40 contract hours of education with the specialty area of project risk.\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">You can satisfy the education requirements by demonstrating the successful completion of courses, workshops and training sessions offered by one or more of the following types of education providers:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">PMI Registered Education Providers (R.E.P.s) *<\/span><\/li>\n<li><span lang=\"EN-IN\">PMI Chapters*<\/span><\/li>\n<li><span lang=\"EN-IN\">Employer \/ Company Sponsored programs<\/span><\/li>\n<li><span lang=\"EN-IN\">Training companies or consultants <\/span><\/li>\n<li><span lang=\"EN-IN\">Distance-learning companies, including an end-of-course assessment<\/span><\/li>\n<li><span lang=\"EN-IN\">University \/ College academic and continuing education programs<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The following education does not satisfy the education requirements:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">PMI chapter meetings*<\/span><\/li>\n<li><span lang=\"EN-IN\">Self-directed learning (e.g., reading books, watching instructional videos or sessions with coaches or mentors) <\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">*If at least one hour of a chapter meeting is spent conducting a learning activity, the hours spent in that activity can be counted towards the educational eligibility requirement.<\/span><b><span lang=\"EN-IN\">\u00a0\u00a0\u00a0 \u00a0\u00a0<\/span><\/b> <b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"PMI-RMP%C2%AE_Certification_Fees\"><\/span><span lang=\"EN-IN\">PMI-RMP\u00ae Certification Fees<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The fees for payment are determined by your PMI membership status and the examination delivery type whether computer-based or paper-based for your geographic location. Please find the chart to determine the certification fee.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span> <b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr bgcolor=\"#D3D3D3\">\n<td valign=\"top\" width=\"113\">\n<p align=\"center\"><b><span lang=\"EN-IN\">Exam Administration Type<\/span><\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"150\">\n<p align=\"center\"><b><span lang=\"EN-IN\">PMI Member Status<\/span><\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"150\">\n<p align=\"center\"><b><span lang=\"EN-IN\">US Dollars<\/span><\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"150\">\n<p align=\"center\"><b><span lang=\"EN-IN\">Euros<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" valign=\"top\" width=\"113\"><span lang=\"EN-IN\">Computer-based-testing (CBT)<\/span><\/td>\n<td style=\"text-align: left;\" valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Member<\/span><\/td>\n<td style=\"text-align: left;\" valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$520<\/span><\/td>\n<td style=\"text-align: left;\" valign=\"top\" width=\"150\"><span lang=\"EN-IN\">\u20ac430<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><span lang=\"EN-IN\">Computer-based-testing (CBT)<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Non-member<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$670<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">\u20ac555<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><span lang=\"EN-IN\">Paper-based testing (PBT)<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Member<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$415<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">\u20ac345<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><span lang=\"EN-IN\">Paper-based testing (PBT)<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Non-member<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$565<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">\u20ac475<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/td>\n<td valign=\"top\" width=\"150\"><b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/td>\n<td valign=\"top\" width=\"150\"><b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/td>\n<td valign=\"top\" width=\"150\"><b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><span lang=\"EN-IN\">Re-examination CBT<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Member<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$335<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">\u20ac280<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><span lang=\"EN-IN\">Re-examination CBT<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Non-member<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$435<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">\u20ac365<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" valign=\"top\" width=\"113\"><span lang=\"EN-IN\">Re-examination PBT<\/span><\/td>\n<td style=\"text-align: left;\" valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Member<\/span><\/td>\n<td style=\"text-align: left;\" valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$270<\/span><\/td>\n<td style=\"text-align: left;\" valign=\"top\" width=\"150\"><span lang=\"EN-IN\">\u20ac225<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><span lang=\"EN-IN\">Re-examination PBT<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Non-member<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$370<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">\u20ac310<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/td>\n<td valign=\"top\" width=\"150\"><b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/td>\n<td valign=\"top\" width=\"150\"><b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/td>\n<td valign=\"top\" width=\"150\"><b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><span lang=\"EN-IN\">CCR Certification Renewal<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Member<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$60<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">USD Only <\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"113\"><span lang=\"EN-IN\">CCR Certification Renewal<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">Non-member<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">$150<\/span><\/td>\n<td valign=\"top\" width=\"150\"><span lang=\"EN-IN\">USD Only<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"PMI-RMP%C2%AE_Refund_Policy\"><\/span><span lang=\"EN-IN\">PMI-RMP\u00ae Refund Policy<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">To obtain a refund for the PMI-RMP<\/span><span lang=\"EN-IN\">\u00ae<\/span><span lang=\"EN-IN\"> certification, you must make a request to PMI at least 30 days before the exam eligibility expiration date. A refund of US$250 will be made if you have not yet scheduled or taken the examination.<\/span> <span lang=\"EN-IN\">You can also get a refund of US$250 if you fail to meet audit requirements\u00a0 <\/span> <span lang=\"EN-IN\">PMI will not provide refund in the following circumstances:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">If your one year eligibility period has expired and you have not scheduled the exam, PMI will not provide any refund. You will forfeit the entire fee. If you still wish to obtain the certification, you will have to reapply and submit all associates fees again. <\/span><\/li>\n<li><span lang=\"EN-IN\">If you schedule the exam and did not take it, nor provided the necessary cancellation\/rescheduling notification to PMI\u2019s testing administration partner, Prometric, you will not receive a refund.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Rescheduling_Cancellation_Policy_for_CBT_Exam\"><\/span><b> <\/b><span lang=\"EN-IN\">Rescheduling \/ Cancellation Policy for CBT Exam<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">You can reschedule or cancel your exam at any time, if you do so more than two full calendar\u00a0\u00a0\u00a0 days before your scheduled exam appointment. Nowadays, late rescheduling and cancellations will result in a fee. It is recommended that you reschedule or cancel your exam as soon as you know you won\u2019t be able to make the appointment.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">If you reschedule or cancel your exam within 30 days of your scheduled appointment, you will be charged a fee of US $70. The 30-day period does not include the day of the exam appointment. For example, if you scheduled your exam on 5<sup>th<\/sup> May, you must reschedule or cancel the exam on or before 4<sup>th<\/sup> April to avoid the fee. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">For emergency situations in which you are unable to change your exam appointment before 30 days within your exam appointment, the extenuating circumstance policy may apply. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">However, PMI will evaluate these situations on a case-by-case basis to determine if a refund of the rescheduling fee is appropriate. <\/span> <span lang=\"EN-IN\">You need to reschedule or cancel your appointment before you are within two calendar days of your exam appointment. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">If you wait until you are within two days of your exam appointment, you will be able to cancel your appointment and you will forfeit the entire exam fee. You will not be able to reschedule your appointment at this point and will need to pay associated re-examination fees to schedule a new exam.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Rescheduling_Cancellation_Policy_for_PBT_Exam\"><\/span><b> <\/b><span lang=\"EN-IN\">Rescheduling \/ Cancellation Policy for PBT Exam<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">To reschedule or cancel a paper-based testing (PBT) exam appointment, you must email <\/span><span lang=\"EN-IN\"><a href=\"mailto:pbtexams@pmi.org\" target=\"_blank\" rel=\"noopener\">pbtexams@pmi.org<\/a><\/span><span lang=\"EN-IN\"> no later than 35 calendar days before the schedule examination administration date.\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Include your name, your PMI identification number, group ID number, and the location of the PBT event in your email.\u00a0<\/span>The group ID number is available on the Prometric Website or from the PBT sponsor.<\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Extenuating Circumstances:<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">PMI understands that there are times when personal emergencies may cause you to:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">Reschedule or cancel your exam within 30 days of the appointment<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">or<\/p>\n<ul style=\"text-align: justify;\">\n<li>Miss a scheduled exam appointment (resulting in a no-show status)<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">These are referred to as extenuating circumstances and can include:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">Medical emergency<\/span><\/li>\n<li><span lang=\"EN-IN\">Military deployment<\/span><\/li>\n<li><span lang=\"EN-IN\">Death in immediate family<\/span><\/li>\n<li><span lang=\"EN-IN\">Illness in immediate family<\/span><\/li>\n<li><span lang=\"EN-IN\">Natural disaster <\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Extenuating circumstances do not include work-related circumstances.<\/span> <span lang=\"EN-IN\">\u00a0Should a situation like this occur, PMI will examine your situation and take appropriate action. <\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">If your circumstance forces you to reschedule or cancel your exam within 30 days of the appointment. <\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Go online to the Prometric website as soon as you know you are unable to make your scheduled appointment and reschedule or cancel your exam. You will be charged US $70 fee. However, you can contact PMI customer care with an explanation and supporting documents to obtain refund on the late rescheduling \/ Cancellation fee, if approved by PMI.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">If your circumstances force you to miss your scheduled exam appointment (resulting in a no-show status):<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Please contact PMI customer care within 72 hours following the missed exam appointment.\u00a0 You will be asked to provide an explanation along with supporting documentation (e.g., accident report, medical documentation, etc.) in order for you to reschedule or cancel your exam without penalty, if approved by PMI.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">PMI will review all claims on a case-by-case basis. If your extenuating circumstance claim is not approved, you will be required to pay the full re-examination fee to sit for the exam.\u00a0\u00a0 <\/span> <b><span lang=\"EN-IN\">\u00a0<\/span><\/b> <b><span lang=\"EN-IN\">\u00a0<\/span><\/b> <b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"PMI-RMP%C2%AE_Audit_Process\"><\/span><span lang=\"EN-IN\">PMI-RMP\u00ae Audit Process<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\"><a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/3.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31004\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/3.jpg\" alt=\"PMI-RMP Audit Process\" width=\"300\" height=\"300\" \/><\/a><\/span><\/b><span lang=\"EN-IN\">The submission of application indicates your agreement to comply with the terms of the audit process. All applications are subjected to audit process but only a percentage of applications are randomly selected. If your application is selected for an audit, you will be notified by e-mail after payment of the certification fee is received. <\/span> <span lang=\"EN-IN\">During an audit, you will be asked to submit supporting documentation such as:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">Copies of your diploma\/global equivalent <\/span><\/li>\n<li><span lang=\"EN-IN\">Signatures from your supervisor(s) or manager(s) from the project(s) recorded in the experience verification section of the application <\/span><\/li>\n<li><span lang=\"EN-IN\">Copies of certificates and\/or letters from the training institute(s) for each course recorded on the application to meet the required contact hours of project management education<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">PMI provides you with 90 days to submit the requested documents for verification. Please send all materials at one time in one envelope. Sending audit documents separately can cause delay in the audit review timeframe.\u00a0<\/span><span lang=\"EN-IN\">Incomplete submissions lead to the failure of the audit and your candidature of the exam is cancelled and you will receive only a partial amount as refund.\u00a0\u00a0\u00a0 <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Examination_Language_Aids\"><\/span><span lang=\"EN-IN\"><b>Examination Language Aids<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">\u00a0<\/span> <span lang=\"EN-IN\">As of now, the PMI-RMP\u00ae examination is administered in English only. Language aids are not currently available. <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Examination_Information\"><\/span><span lang=\"EN-IN\"><b>Examination Information<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\"><a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/4.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31005\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/4.jpg\" alt=\"PMI-RMP\u00ae Examination Information\" width=\"300\" height=\"300\" \/><\/a><\/span><span lang=\"EN-IN\">The PMI-RMP exam consists of 170 multiple-choice questions. 20 out of the 170 questions are pre-test questions and do not affect the score and are used in examinations as an effective and legitimate way to test the validity of future examination questions. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The time allotted to complete the computer-based examination is three and half hours. <\/span> <span lang=\"EN-IN\">There is no schedule break during the exam, although you are allowed to take a break if needed. But if you are taking a break during the exam, your exam clock continues to count down. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The exam is preceded with a tutorial and followed by a survey both of which are optional and both of which can take up to 15 minutes to complete. These times are not used in the examination time of three and half hours. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">PMI-RMP questions are developed based on the following factors:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">Are developed and independently validated by global work groups of project risk management practitioners<\/span><\/li>\n<li><span lang=\"EN-IN\">Are referenced to current project risk management and project management titles, which include but are not limited to PMI\u2019s global standards<\/span><\/li>\n<li><span lang=\"EN-IN\">Are monitored through psychometric analysis<\/span><\/li>\n<li><span lang=\"EN-IN\">Satisfy the test specifications of the PMI-Risk Management Professional Examination Specification<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Examination_Blueprint\"><\/span><span lang=\"EN-IN\"><b>Examination Blueprint<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The PMI-RMP\u00ae examination is developed based on the examination blueprint contained in the PMI-RMP\u00ae Exam content outline. The blue print contains the percentage of questions from each risk management domain. Please find the below table to know more details about the same.\u00a0 \u00a0<\/span><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr bgcolor=\"#D3D3D3\">\n<td colspan=\"2\" valign=\"top\" width=\"577\">\n<p align=\"center\"><b><span lang=\"EN-IN\">PMI-RMP<\/span><\/b><span lang=\"EN-IN\">\u00ae<\/span><b><span lang=\"EN-IN\"> Examination Blueprint<\/span><\/b><\/p>\n<p align=\"center\"><span lang=\"EN-IN\">\u00a0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" valign=\"top\" width=\"577\">\n<p align=\"center\"><b><span lang=\"EN-IN\">From the PMI-RMP<\/span><\/b><span lang=\"EN-IN\">\u00ae<\/span><b><span lang=\"EN-IN\"> Examination Content Outline<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"335\"><b><span lang=\"EN-IN\">Domain<\/span><\/b><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"242\"><b><span lang=\"EN-IN\">Percentage of Questions<\/span><\/b><b><span lang=\"EN-IN\">\u00a0<\/span><\/b><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"335\"><span lang=\"EN-IN\">Domain 1 \u2013 Risk Strategy and Planning (5 tasks)<\/span><\/td>\n<td valign=\"top\" width=\"242\"><span lang=\"EN-IN\">19-20%<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"335\"><span lang=\"EN-IN\">Domain 2 \u2013 Stakeholder Engagement (9 tasks)<\/span><\/td>\n<td valign=\"top\" width=\"242\"><span lang=\"EN-IN\">19-20%<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"335\"><span lang=\"EN-IN\">Domain 3 \u2013 Risk Process Facilitation (7 tasks)<\/span><\/td>\n<td valign=\"top\" width=\"242\"><span lang=\"EN-IN\">25-28%<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"335\"><span lang=\"EN-IN\">Domain 4 \u2013 Risk Monitoring and Reporting (7 tasks)<\/span><\/td>\n<td valign=\"top\" width=\"242\"><span lang=\"EN-IN\">19-20%<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"335\"><span lang=\"EN-IN\">Domain 5 \u2013 Perform Specialized Risk Analyses (3 tasks)<\/span><\/td>\n<td valign=\"top\" width=\"242\"><span lang=\"EN-IN\">14-16%<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"335\"><span lang=\"EN-IN\">\u00a0<\/span><\/td>\n<td valign=\"top\" width=\"242\"><span lang=\"EN-IN\">\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"335\"><span lang=\"EN-IN\">Total<\/span><\/td>\n<td valign=\"top\" width=\"242\"><span lang=\"EN-IN\">100%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Tasks_related_to_Risk_Strategy_and_Planning_domain\"><\/span><b><span lang=\"EN-IN\">Tasks related to Risk Strategy and Planning domain<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Each domain contains tasks that are measured through the PMI-RMP<\/span><span lang=\"EN-IN\">\u00ae<\/span><span lang=\"EN-IN\"> Certification progress. In addition, the domain contains knowledge and skills, which are required to competently perform the tasks.\u00a0\u00a0\u00a0 <\/span> <span lang=\"EN-IN\">\u00a0<\/span> <span lang=\"EN-IN\">\u00a0<\/span> <span lang=\"EN-IN\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr bgcolor=\"#D3D3D3\">\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><b><span lang=\"EN-IN\">Tasks No<\/span><\/b><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"488\"><b><span lang=\"EN-IN\">Description of the Tasks<\/span><\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 1<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Develop risk assessment processes and tools that quantify stakeholder risk tolerances in order to assess and determine risk thresholds for the project and set criteria for risk levels.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 2<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Update risk policies and procedures using information such as lessons learned from projects and outputs of risk audits in order to improve risk management effectiveness.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 3 <\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Develop and recommend project risk strategy based on project objectives in order to establish the outline for the risk management plan.\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 4<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Produce risk management plan for the project on the basis of inputs such as project information, external factors, stakeholder inputs and industry policies and procedures in order to define, fund and staff effective risk management processes for the project that align with other project plans.\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 5<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Establish evaluation criteria for risk management processes based on project baselines and objectives in order to measure effectiveness of the project risk process.\u00a0 <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The knowledge required to perform the tasks related to the Risk Strategy and Planning domain are continuous process improvement as applied to risk management, knowledge management techniques for organizing and providing access to project risk information, metrics for measuring effectiveness of project risk process, risk attitudes concepts, risk breakdown structure (RBS), risk tolerance concepts, barriers to effective risk management, project risk management inputs, tools, techniques and outputs, project risk contingency and management reserve, research and analysis techniques and basic strategy development methodologies.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The skills required to perform the tasks related to the Risk Strategy and Planning domain are assessing stakeholder risk tolerance and building stakeholder consensus.\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Tasks_related_to_Stakeholder_Engagement_domain\"><\/span><b> <\/b><b><span lang=\"EN-IN\">Tasks related to Stakeholder Engagement domain<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr bgcolor=\"#D3D3D3\">\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><b><span lang=\"EN-IN\">Tasks No<\/span><\/b><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"488\"><b><span lang=\"EN-IN\">Description of the Tasks<\/span><\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 1<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Promote a common understanding of the value of risk management by using interpersonal skills in order to foster an appropriate level of shared accountability, responsibility and risk ownership.\u00a0\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 2<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Train, coach and educate stakeholders in risk principles and processes in order to create shared understanding of principles and processes, and foster engagement in risk management.\u00a0\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 3 <\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Coach project team members in implementing risk processes in order to ensure the consistent application of risk processes. <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 4<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Assess stakeholder risk tolerance using processes and tools such as interviewing stakeholders and reviewing historical stakeholder behaviours in order to identify project risk thresholds. <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 5<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Identify stakeholder risk attitudes and cognitive biases using stakeholder analysis techniques in order to manage stakeholder expectations and responses throughout the life of the project. <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 6 <\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Engage stakeholders on risk prioritization process based on stakeholder risk tolerance and other relevant criteria, in order to optimize consensus regarding priorities.\u00a0\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 7<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Provide risk-related recommendations to stakeholders regarding risk strategy and planning, risk process facilitation, risk reporting, and specialized risk tasks by using effective communication techniques in order to support effective risk-based decision making.\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 8<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Promote risk ownership by proactively communicating roles and responsibilities and engaging project team members in the development of risk responses in order to improve risk response execution.\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 9<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Liaise with stakeholders of other projects by using effective communication techniques and sharing information on project risk performance in order to inform them of implications for their projects.\u00a0 <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The knowledge required to perform the tasks related to the Stakeholder Engagement domain are Information resources both internal and external, project performance information, stakeholder sensitivity analysis models, training and coaching techniques, types of stakeholder risk attitudes, group decision making and group creativity.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The skills required to perform the tasks related to the Stakeholder Engagement domain are assessing stakeholder risk tolerance, collaborating with stakeholders, managing teams in multicultural environments and influencing change.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Tasks_related_to_Risk_Process_Facilitation_domain\"><\/span><b> <\/b><b><span lang=\"EN-IN\">Tasks related to Risk Process Facilitation domain<\/span><\/b><b><span lang=\"EN-IN\">\u00a0 \u00a0\u00a0<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr bgcolor=\"#D3D3D3\">\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><b><span lang=\"EN-IN\">Tasks No<\/span><\/b><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"488\"><b><span lang=\"EN-IN\">Description of the Tasks<\/span><\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 1<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Apply risk assessment processes and tools in order to quantify stakeholder risk tolerances and determine risk levels.\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 2<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Facilitate risk identification using a variety of techniques in order to enable the project team and stakeholders to understand and determine the risk exposure of the project. <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 3 <\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Facilitate the project team\u2019s evaluation of the identified risks\u2019 attributes using qualitative and quantitative tools and techniques in order to prioritize the risks for response planning. <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 4<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Facilitate the development of an aligned risk response strategy and related risk actions by risk owners from the information gathered during risk analysis in order to ensure timely and defined action when required.\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 5<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Facilitate the formulation of project contingency reserve based on the risk exposure of the project in order to have the capability and resources to respond to realized risks.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 6 <\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Provide risk data to cost and schedule analysts \/estimators to ensure that project risk is properly reflected in cost and schedule estimates for the project.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 7<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Use scenarios to validate potential risk responses and evaluate key dependencies and requirements in order to enhance the likelihood of project success.\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The knowledge required to perform the tasks related to the Risk Process Facilitation domain are basic risk identification tools and techniques for both threats and opportunities, basic quantitative risk analysis tools and techniques, basic qualitative risk analysis tools and techniques, risk response strategy types, contingency management tools and techniques, risk monitoring and control techniques, group decision making and group creativity.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The skills required to perform the tasks related to the Risk Process Facilitation domain are using analytical software tools for project risk management, managing teams in multicultural environments and estimating probability and impact of identified risks.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Tasks_related_to_Risk_Monitoring_and_Reporting_domain\"><\/span><b><span lang=\"EN-IN\">Tasks related to Risk Monitoring and Reporting domain<\/span><\/b><b><span lang=\"EN-IN\">\u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr bgcolor=\"#D3D3D3\">\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><b><span lang=\"EN-IN\">Tasks No<\/span><\/b><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"488\"><b><span lang=\"EN-IN\">Description of the Tasks<\/span><\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 1<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Document and periodically update project risk information using standard tools and techniques in order to maintain a single, current repository of all project risk information.\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 2<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Coordinate with project manager using communication techniques in order to integrate risk management throughout the project.<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 3 <\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Create periodic standard and custom reports using risk-related metrics as specified in the risk management plan in order to communicate risk management activities and status. <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 4<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Monitor risk response metrics by analysing risk response performance information, and present to key stakeholders in order to ensure resolution of risk and develop additional risk response strategies to address residual and secondary risks.\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 5<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Analyse risk process performance against established metrics in order to drive risk process improvements.\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 6 <\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Update the project risk management plan using relevant internal and external inputs in order to keep the plan current. <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 7<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Capture risk lessons learned through comprehensive review of the project risk management plan, risk register, risk audits, risk process performance reports, and other associated reports in order to incorporate into future risk planning.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The knowledge required to perform the tasks related to the Risk Monitoring and Reporting domain are continuous process improvement and quality management as applied to risk management, knowledge management techniques for organizing and providing access to project risk information, alternative formats for project risk reports, requirements for risk register data fields, risk statement construction, risk response activity construction, risk response metrics, risk process performance metrics, risk assessment analysis metrics and risk management reserves.\u00a0\u00a0\u00a0 <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Tasks_related_to_Perform_Specialized_Risk_Analyses_domain\"><\/span><b> <\/b><b><span lang=\"EN-IN\">Tasks related to Perform Specialized Risk Analyses domain<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr bgcolor=\"#D3D3D3\">\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><b><span lang=\"EN-IN\">Tasks No<\/span><\/b><\/td>\n<td style=\"text-align: center;\" valign=\"top\" width=\"488\"><b><span lang=\"EN-IN\">Description of the Tasks<\/span><\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 1<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Evaluate the attributes of identified risks using advanced quantitative tools and specialized qualitative techniques in order to estimate overall risk exposure of the project. <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 2<\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Analyse risk data produced during the project using statistical analyses and expert judgement in order to determine strengths and weaknesses of risk strategy and processes and recommend process improvements when indicated.\u00a0\u00a0\u00a0\u00a0 <\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" valign=\"top\" width=\"85\"><span lang=\"EN-IN\">Task 3 <\/span><\/td>\n<td valign=\"top\" width=\"488\"><span lang=\"EN-IN\">Perform specialized risk analysis using advanced tools and techniques in order to support stakeholder decision making for the project. <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">T<\/span><span lang=\"EN-IN\">he knowledge required to perform the tasks related to the Perform Specialized Risk Analyses domain are advanced risk identification tools and techniques for both threats and opportunities, advanced quantitative risk analysis tools and techniques, tools and techniques for identifying and analysing overall project risk, basic and advanced statistics, estimation tools and techniques to support risk decision making, advanced theory of heuristics and variance \/ earned value analysis.\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The skills required to perform the tasks related to the Perform Specialized Risk Analyses domain are converting qualitative information into risk data, building representative risk models and managing and interpreting quantitative and qualitative data.<\/span><span lang=\"EN-IN\">\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Various_Types_of_Questions_in_the_PMI-RMP%C2%AE_Exam\"><\/span><b> <\/b><b><span lang=\"EN-IN\">Various Types of Questions in the PMI-RMP<\/span><\/b><span lang=\"EN-IN\">\u00ae<\/span><b><span lang=\"EN-IN\"> Exam<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">Situation based questions &#8211; Only candidates with good experience and knowledge in project risk management can choose the right answers. To eliminate the less risk management experienced resources, PMI used these questions. This is the most complex set of questions for most of the candidates.\u00a0\u00a0 <\/span><\/li>\n<li><span lang=\"EN-IN\">Questions with two or more possible right answers \u2013 Multiple activities needs to be performed to manage the tricky situation in the project. Almost all the options are performed by the risk manager. But the sequence of performing the activity is important and it appears you have more than one right answer. You need to understand the question well to answer the questions in these set of questions. <\/span><\/li>\n<li><span lang=\"EN-IN\">Questions related to <\/span><span lang=\"EN-IN\">PMI-RMP<\/span><span lang=\"EN-IN\">\u00ae<\/span> <span lang=\"EN-IN\">mathematics \u2013 These are straight forward questions and you need to apply the relevant formulas. Identification of the formula may be difficult. <\/span><\/li>\n<li><span lang=\"EN-IN\">Questions with make-up terms \u2013 One of the option in the question may not be relevant to the PMI-RMP<\/span><span lang=\"EN-IN\">\u00ae<\/span><span lang=\"EN-IN\"> concepts and if you prepared well you can eliminate this option easily. <\/span><\/li>\n<li><span lang=\"EN-IN\">Questions with lengthy word \u2013 Sometimes the length of the question may be too long and you may not need all the inputs provided in the questions. To confuse you, many terms which are not related to the questions are given. <\/span><\/li>\n<li><span lang=\"EN-IN\">Questions related to tools and techniques, input and output from project risk management process &#8211; You need to have the clear understanding of the tools and techniques, input and output for all the project risk management process to answer well in these set of questions.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"How_to_prepare_for_the_situation_based_questions\"><\/span><b> <\/b><b><span lang=\"EN-IN\">How to prepare for the situation based questions?<\/span><\/b><b><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">These questions require you to have real-time project risk management experience.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">While preparing, relate the Practice Standard for Project Risk Management and the PMBOK guide with your real-time project risk management experience to understand the concepts well. You also need to discuss a lot with experienced risk managers in your group or organization regarding the risk management process groups.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Understand the best practices in the project risk management discipline to answer well in these types of questions.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Clearly understand the roles and responsibilities of everyone involved in the projects.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">For example, there is a potential delay in the procurement of the software required for the team. This will impact the deliverables. You were asked to choose the best choice from the given options. T<\/span><span lang=\"EN-IN\">he options may be\u00a0 <\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">A) Update the customer about the potential delay<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">B) Implement the mitigation plan for the delay in procurement<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">C) Meet with the team and identify other options <\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">D) Accept this is a miss from your end<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The correct answer is choice B.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">If you have identified the delay in the procurement as a risk you should have the mitigation plan for the delay in procurement.\u00a0 PMI always assume you are a good project risk manager and hence choice B is the correct answer. All other options are incorrect here.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"How_to_prepare_for_the_questions_with_more_than_one_right_answer\"><\/span><b><span lang=\"EN-IN\">How to prepare for the questions with more than one right answer?<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">You need to have good project risk management knowledge and experience to handle these questions. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">A very good project risk management training is required &amp; a thorough knowledge of Practice Standard for Project Risk Management and PMBOK latest Edition is required to eliminate the wrong choice in the question. To eliminate the less experience candidates these questions, appear in the exam.\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">For example, During the festival season, in a critical project, the team missed a milestone date for the delivery.\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">What should be the potential reason for the schedule overrun?<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">A)Team member\u2019s performance is not good<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">B) Key team members went on vacation during the delivery<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">C) Backup of the key team members are not identified and this leads to schedule overrun<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">D) None of the above<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The correct answer is choice C.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The backup of the key team members is not identified and this leads to the delay in the team\u2019s deliverables during the vacation. In the question given both choices B and C appears correct. But the real cause is choice C.\u00a0 Hence the correct answer is choice C.\u00a0 All other options are incorrect here.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"How_to_prepare_for_the_questions_related_to_PMI-RMP%C2%AE_Mathematics\"><\/span><b> <\/b><b><span lang=\"EN-IN\">How to prepare for the questions related to PMI-RMP<\/span><\/b><span lang=\"EN-IN\">\u00ae <b>Mathematics?<\/b><b><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The questions in these areas are straight forward and you need to apply the correct formula directly.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Practice more questions on each <\/span><span lang=\"EN-IN\">PMI-RMP<\/span><span lang=\"EN-IN\">\u00ae<\/span> <span lang=\"EN-IN\">mathematics topics.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Use flash cards to memorise and revise the formulas frequently. Understand all the terms in the formulas to score more in these area<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Also, to remember the formulas, group the formulas related to the project risk management processes.\u00a0\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">For example, <\/span> <span lang=\"EN-IN\">NPV of project A and B are $70, 000 and $80,000 respectively. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Which project should be selected by the project manager in order to reduce the risk of investment? <\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">A)Project A<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">B) Project B<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">C) Both A and B<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">D) None of the above<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The correct answer is option B <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">If you know, this question is related to project selection and if NPV value is greater, then you can select project B. This is a simple sample question in these areas. <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"How_to_prepare_for_the_questions_with_make-up_term_in_the_PMI-RMP%C2%AE_exam\"><\/span><b><span lang=\"EN-IN\">How to prepare for the questions <\/span><\/b><b><span lang=\"EN-IN\">with make-up term in the PMI-RMP\u00ae exam?<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Always look for terms which are not related to the process. Mostly make-up terms are added as one of the choice to trick you. It also happens that the question setter, just want to add a fourth option. If your preparation for the exam is well, any strange terms in the exam is mostly the make-up terms. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">For example, which of the following risk response strategy is not correct for the positive risks in the project?<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">A)Exploit<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">B) Enhance<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">C) Share<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">D) Optimise<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The correct answer is choice D.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Exploit, Enhance and Share are all risk response strategy for the positive risks. Optimise is a make-up term added to confuse you. Hence choice D is correct whereas choices A, B and C are incorrect.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"How_to_prepare_for_the_lengthy_word_questions\"><\/span><b> <\/b><b><span lang=\"EN-IN\">How to prepare for the lengthy word questions? <\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Translate the wordy phrases to answer these questions. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Instead of saying that the activity in the critical path is behind schedule, you can see that the activity float was zero and has moved to negative now.\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Instead of saying that the team deliverables are of poor quality, you can see that the team has lost sight of the quality management plan. You need to understand what they are asking and accordingly translate the wordy phrases to answer these questions.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Most of the time all the information provided in the questions is not required to answer the questions and you need to focus on the relevant information only which is required to answer the questions. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">For example, A project manager in the planning stage requested 15 resources to work in the project. This is his top priority to the management team. He also requires a budget of $80000 to complete the project successfully. But the management has approved $60000 for the project and fulfilled his resource requirement. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">What is the best thing the project manager can do now?<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">A) Handle this cost risk as part of the risk response planning<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">B<\/span><span lang=\"EN-IN\">) Reduce the scope of the project<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">C) Include this cost risk in the list of risk identification<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">D) Control other risk to get sufficient budget to manage this cost risk<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The correct answer is option B<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">In this question, the key point is instead of $80000 the management has approved only $60000 and it is a fact and not a risk and it needs to be handled in the project planning rather than risk management. All other information is not required which is given to trick you. \u00a0<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"How_to_prepare_for_the_questions_related_to_the_tools_and_techniques_input_and_output_for_the_project_risk_management_process\"><\/span><b> <\/b><b><span lang=\"EN-IN\">How to prepare for the questions related to the tools and techniques, input and output for the project risk management process? <\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Learn all the inputs, outputs and tools and techniques used in all the project risk management processes. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Use flash card for reviewing this information frequently.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">You may not have the chance to use all the processes or use all the inputs or tools in your organization and hence focus on preparing for these types of questions thoroughly.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">A thorough preparation of Practice Standard for Project Risk Management and the latest PMBOK guide is key to handle these questions.\u00a0\u00a0\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">For example, which of the following are the input for the Plan Risk Response process?<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">A)Risk scores and expected monetary values of top risks<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">B)Potential risk owners<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">C)List of prioritized risks<\/span><\/p>\n<p style=\"padding-left: 30px; text-align: justify;\"><span lang=\"EN-IN\">D)All of the above<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The correct answer is choice D<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">All the choices A, B and C are the input for the plan Risk Responses process and hence the correct answer is choice D.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Why_take_the_PMI-RMP%C2%AE_Certification\"><\/span><b><span lang=\"EN-IN\">Why take the PMI-RMP\u00ae Certification?<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\"><a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/5.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31006\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/5.jpg\" alt=\"PMI-RMP\u00ae Examination Information\" width=\"300\" height=\"300\" \/><\/a><\/span><\/b><span lang=\"EN-IN\">As the demand for skilled project risk managers is at a critically level, practitioner who hold the PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> certification are well positioned to provide the professional skills necessary to lead project teams and achieve successful project results.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">If you want to get hike in your salary, promotion to the next level or keep you position during difficult situation due to economic slowdown you need to demonstrate and differentiate that you are a valuable project risk manager to the organization.\u00a0<\/span><span lang=\"EN-IN\">PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> certification would help you on this front.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">If you are looking for opportunities in other company in risk management, PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> certification will help you to cross the screening process easily and it is one of the biggest advantage you are gaining over your competitor. PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> certification helps you to get job all over the world.\u00a0\u00a0 <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Above all, in this dynamic world, constantly upgrade your skills to the next level is the \u2018mantra\u2019 to stay competitive in the market. PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> adds value to your profile and you stand out from a bunch of talented experienced professional. Organization also need employees with niche skills, who focus on continuously improving their skills to compete with other major players in the industry.<\/span><span lang=\"EN-IN\">\u00a0\u00a0<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_are_the_resources_available_for_the_PMI-RMP%C2%AE_Certification\"><\/span><b><span lang=\"EN-IN\">What are the resources available for the PMI-RMP\u00ae Certification?<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\"><a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/6.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31007\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/6.jpg\" alt=\"Resources available for the PMI-RMP Certification\" width=\"300\" height=\"300\" \/><\/a><\/span><\/b> <b><span lang=\"EN-IN\">\u00a0 \u00a0<\/span><\/b><span lang=\"EN-IN\">Then the following key resources needs to be utilized for the PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> exam<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">Practice Standard for Project Risk Management &#8211; a) Provide a standard for project management practitioners and other stakeholders that defines the aspects of Project Risk Management that are recognized as good practice on most projects most of the time. b) provide a standard that is globally applicable and consistently applied. This must be referenced before sitting for the PMI-RMP\u00ae exam.<\/span><\/li>\n<li><span lang=\"EN-IN\">Latest PMBOK 5th Edition- Study the latest edition of the Project Management Body of Knowledge guide. Both Practice Standard for Project Risk Management and PMBOK guide are available free for download from PMI site for PMI members.<\/span><\/li>\n<li><span lang=\"EN-IN\">Whizlabs PMI-RMP\u00ae online course for Project Risk Management education training to acquire the 40 hours of project risk management education. Please make sure you are revisiting the chapters more than once before moving on to evaluate yourself for the full mock test. <\/span><\/li>\n<li><span lang=\"EN-IN\">PMI-RMP\u00ae practice test to practice mock exam \u2013 Practice at least 3 to 5 full tests before the actual exam to evaluate yourself thoroughly. Have sufficient break of at least a week time between any two tests to gain the best from the simulation software. <\/span><\/li>\n<li><span lang=\"EN-IN\">PMI-RMP\u00ae objective question bank to practice test in each risk management domain to understand your weakness in that area.<\/span><\/li>\n<li><span lang=\"EN-IN\">Use Flashcards to recall exam related terms and concepts.<\/span><\/li>\n<li><span lang=\"EN-IN\">Use any exam preparation PMI-RMP\u00ae book as a reference material.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"How_to_prepare_for_the_PMI-RMP%C2%AE_Certification\"><\/span><b><span lang=\"EN-IN\">How to prepare for the PMI-RMP\u00ae Certification<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\"><a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/7.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31008\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/7.jpg\" alt=\"Prepare for the PMI-RMP\u00ae Certification\" width=\"300\" height=\"300\" \/><\/a><\/span><\/b><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">First Whizlabs PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> online course for Project Risk Management education training to acquire the 40 hours of project risk management education needs to be completed. This will help to understand the risk management clear and immensely helpful for you during the actual exam.<\/span><\/li>\n<li><span lang=\"EN-IN\">Practice Standard for Project Risk Management should be studied at least twice and need to use that for any references at later point of time in your preparation. The first-time should be used to go through the book once, to get familiar with all the tools and techniques, inputs and outputs from all the processes related to risk management. The second-time reading should focus more on consolidation of these concepts and understand the relationship between different processes.<\/span><\/li>\n<li><span lang=\"EN-IN\">A review of the PMBOK latest edition is mandatory to understand the question well in the exam. This will help you to revise your project management knowledge. Risk management cannot be performed in vacuum and it needs to be integrated with other project management process and the questions in the exam would be in this way.<\/span><\/li>\n<li><span lang=\"EN-IN\">Plan to have the group discussion with your colleagues who are also preparing for this exam. Try to have a group of not more than three to have the maximum advantage and less deviation in your preparation plan. Choose chapters for each discussion and give sufficient time for preparing yourself before going for the group discussion. This will help to get the best out of the group discussion. If you are not prepared for any discussion, please reschedule it to a later date. <\/span><\/li>\n<li><span lang=\"EN-IN\">Flashcards is an important tool which needs to be used effectively throughout your preparation for this PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> It helps you to recollect important terms and concepts for the exam. <\/span><\/li>\n<li><span lang=\"EN-IN\">Use PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> objective question bank to practice test your knowledge in each risk management domain area <\/span><\/li>\n<li><span lang=\"EN-IN\">Use PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> exam practice test to practice mock exam. This will identify your weak areas and you have the chance to focus more on these topics where you are not comfortable in answering the questions.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_should_be_covered_in_your_study_plan\"><\/span><b><span lang=\"EN-IN\">What should be covered in your study plan?<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\"><a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/8.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31009\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/8.jpg\" alt=\"Study Plan\" width=\"300\" height=\"300\" \/><\/a><\/span><\/b><span lang=\"EN-IN\">This exam requires successful investment of your time and money to pass the exam. You need to plan your best possible time to take the exam. The money you spend on this exam is an investment which is going to give back multiple times. So, plan your budget for this exam to acquire all the materials which help you to acquire this certification. Similarly, the time you need to invest for the preparation also is critical and plan for that in the beginning itself. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">You need to understand where you stand before starting your preparation. The study plan should be different for each candidate based on their current experience in project risk management, knowledge and training in project risk management area.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">A normal candidate with project risk management training and experience requires around 20 hours per week for 2 to 3 months to pass this exam.\u00a0 Consistency is the key and you need to practice on a daily basis to have a grip over the concepts.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Your study plan should cover the Whizlabs PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> online course for Project Risk Management education training, Practice Standard for Project Risk Management, PMBOK guide, one standard book on project risk management, group discussion, flash cards on very critical terms, practice test and mock exam.\u00a0 Stay yourself calm and enjoy your preparation for the entire duration of your PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> journey.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Allocate sufficient buffer time and money and plan for the exam date accordingly. This will help to manage for any unplanned deviation in your study plan.\u00a0 <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_is_the_importance_of_quiz_on_each_risk_management_domain\"><\/span><b> <\/b><b><span lang=\"EN-IN\">What is the importance of quiz on each risk management domain? <\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\">\u00a0<a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/9.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31010\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/9.jpg\" alt=\"Importance of quiz on each risk management domain\" width=\"300\" height=\"300\" \/><\/a><\/span><\/b><span lang=\"EN-IN\">To understand the gaps in your project risk management knowledge, you need to do practice test which would help to work on your weak areas related to the risk management domain. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Note down the processes where you are struggling and go through the Whizlabs PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> online course for Project Risk Management education training course as well as Practice Standard for Project Risk Management guide again. This process will help you to remember the mistakes you have committed in your practice test.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Again, go for the practice test and see where you stand. Repeat the process till you get confidence in that knowledge area and move to the practice test on new risk management domain. Make sure you are taking practice test on new set of questions every time to see the real improvement in your knowledge in that area. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">This strategy would help you to improve on your weak areas, consolidate your knowledge on your strong areas, to prevent the mistakes you have committed in the practice test in the actual exam and also an input to your group discussion with your colleagues on key topics.\u00a0\u00a0\u00a0 <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_is_the_importance_of_exam_like_practice_Test_mock_exam\"><\/span><b> <\/b><b><span lang=\"EN-IN\">What is the importance of exam like practice Test (mock exam)?<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\"><a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/a.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31011\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/a.jpg\" alt=\"Importance of exam like practice Test\" width=\"300\" height=\"300\" \/><\/a><\/span><\/b><span lang=\"EN-IN\">A candidate to PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> certification needs to evaluate in a stimulated environment of the real test to see where he \/ she is standing before the actual exam.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> exam simulation software usually has questions of high quality and help you to analyse where you stand at that time. Taking an exam for 3.5 hours require physical and mental strength and techniques to keep yourself focused. Mock exam helps us to practice this and you will understand how to go about the exam with more clarity. You can plan your exam in the right way based on these experiences.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">The questions are from all the risk management domain areas and practising these tests help to handle the questions effectively. Instead of understanding the difficulties in the exam site, realize these problems during the mock exam. This would help to plan for these problems and if you encounter the problem again in the exam, you can handle that easily.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Plan to take the mock exam only when you have prepared well and ready for that. This would help to get the maximum from this step. You can utilize the simulation software during the last month of your preparation. Have sufficient break between two mock tests to work on the weak areas in your first test and be ready for the next test. <\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Overall, you can plan for 3 to 5 mock exams and this process need to be completed at least five days before the exam date. This will help to address any gaps you have in the final mock exam before the actual exam. <\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"How_to_conduct_yourself_during_the_exam\"><\/span><b> <\/b><b><span lang=\"EN-IN\">How to conduct yourself during the exam? <\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">\u00a0<a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/b.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31012\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/b.jpg\" alt=\"Conducting yourself during the exam\" width=\"300\" height=\"300\" \/><\/a><\/span><span lang=\"EN-IN\">How many months you prepared for the exam is not actually important. It is a question of how you are raising to the occasion and how you are conducting yourself during the exam day is important. You might have seen candidates, who are good in risk management and have enough experience failed in the exam due to uncontrolled pressure on the exam day. When you are not calm on the exam day, you would most probably commit more mistakes which can spoil your chance to pass the exam.<\/span><\/p>\n<p style=\"text-align: justify;\"><span lang=\"EN-IN\">Listen carefully about the important points which help you to stay calm during the exam day.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">You must bring your authorization letter from PMI as well as ID with the same name as per your authorization letter.<\/span><\/li>\n<li><span lang=\"EN-IN\">If you struggle to remember any concepts, write those concepts in the scratch paper given to you. This will help to relax your mind before the exam.<\/span><\/li>\n<li><span lang=\"EN-IN\">You will see one question at a time and all those 170 questions are selected immediately you started the exam and not based on your answers to a question. <\/span><\/li>\n<li><span lang=\"EN-IN\">You have the option to mark the question for review later and can move back and forth.<\/span><\/li>\n<li><span lang=\"EN-IN\">If you are reading the question multiple times, you are stressed and use breathing technique to relax yourself. <\/span><\/li>\n<li><span lang=\"EN-IN\">Focus on the question and answer. If you are thinking about the 50th question when you are answering 100th question, you have not focused well for nearly 50 questions and the result should be a disaster for you. <\/span><\/li>\n<li><span lang=\"EN-IN\">Answer each question from PMI perspective. <\/span><\/li>\n<li><span lang=\"EN-IN\">Follow the elimination strategy to eliminate the options which are not correct. This will help to answer more questions correctly.<\/span><\/li>\n<li><span lang=\"EN-IN\">Utilize all your 3.5 hours in the exam and don\u2019t leave the exam hall before that. <\/span><\/li>\n<li><span lang=\"EN-IN\">Approach the exam based on your plan and control the exam. Never allow the exam to control you. <\/span><\/li>\n<li><span lang=\"EN-IN\">Pass the exam.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_are_the_common_mistakes_by_the_PMI-RMP%C2%AE_candidates\"><\/span><b> <\/b><b><span lang=\"EN-IN\">What are the common mistakes by the PMI-RMP\u00ae candidates?<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><b><span lang=\"EN-IN\">\u00a0<a href=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/c.png\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-31013\" src=\"https:\/\/www.whizlabs.com\/blog\/wp-content\/uploads\/2024\/05\/c.png\" alt=\"Common mistakes by the PMI-RMP candidates\" width=\"567\" height=\"537\" \/><\/a><\/span><\/b> <span lang=\"EN-IN\">Please find the potential mistakes by the PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> candidates during the exam.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span lang=\"EN-IN\">Understand the question from their project risk management experience perspective and answer that. You need to thing from the Practice Standard for Project Risk Management and PMBOK guide first and if not able to answer then go for your real-time experience. The reason is whatever you are practising in your organization, may not be correct always and hence go with PMI approach first. <\/span><\/li>\n<li><span lang=\"EN-IN\">I see lot of candidates plan every year for this exam and still not completed this certification. A serious candidate can complete this exam in 3 months. Don\u2019t put yearly plan.<\/span><\/li>\n<li><span lang=\"EN-IN\">Reschedule the exam date many times. Unless it is mandatory to reschedule the exam due to an emergency, don\u2019t reschedule the exam. Stick to the exam date. You will not follow your study plan properly if you are not sticking to a committed date. <\/span><\/li>\n<li><span lang=\"EN-IN\">Not utilizing all the important sources for the exam. I have seen most of the candidates have the desire for this certification but not interested or willing to invest in all the tools required to prepare yourself well for the exam. The resources required to prepare for the exam differ from each candidate, but whatever you planned needs to be used to succeed in this exam.<\/span><\/li>\n<li><span lang=\"EN-IN\">Not allocating sufficient time to prepare for the exam. <\/span><\/li>\n<li><span lang=\"EN-IN\">Lack of consistency in following your plan. If you don\u2019t have a plan in place, then it is difficult to pass this exam. <\/span><\/li>\n<li><span lang=\"EN-IN\">Practising lot of objective questions without understand the concepts from Whizlabs PMI-RMP<\/span><b><span lang=\"EN-IN\">\u00ae<\/span><\/b><span lang=\"EN-IN\"> online course for Project Risk Management education training course, Practice Standard for Project Risk Management and PMBOK guide. The best approach is to understand the concepts first and practice lot of objective questions.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>If you are interested in preparing for the risk management certification, you can consider buying our certification product:<\/strong><\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong><a href=\"https:\/\/www.whizlabs.com\/pmi-rmp\/practice-tests\/\">PMI-RMP risk management practice questions<\/a><\/strong><\/li>\n<li style=\"text-align: justify;\"><strong><a href=\"https:\/\/www.whizlabs.com\/pmi-rmp\/online-course\/\">PMI-RMP risk management online training course<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Founded in 1969, PMI delivers value for more than 2.9 million professionals working in nearly every country in the world through global advocacy, collaboration, education and research. Their standard for project, program and portfolio management are the most widely recognized ones in the profession and are a model for project management in business and government. Try Now:\u00a0Free Test for Risk Management Certification They are developed by thousands of PMI volunteers with experience in every type of project and provide a common language for project management around the world. They offer eight certifications that recognize knowledge and competency, including the Risk [&hellip;]<\/p>\n","protected":false},"author":220,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[26],"tags":[1193,1215],"class_list":["post-30998","post","type-post","status-publish","format-standard","hentry","category-project-management","tag-pmi","tag-pmi-rmp"],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"profile_24":false,"profile_48":false,"profile_96":false,"profile_150":false,"profile_300":false,"tptn_thumbnail":false,"web-stories-poster-portrait":false,"web-stories-publisher-logo":false,"web-stories-thumbnail":false},"uagb_author_info":{"display_name":"Aditi Malhotra","author_link":"https:\/\/www.whizlabs.com\/blog\/author\/aditi\/"},"uagb_comment_info":99,"uagb_excerpt":"Founded in 1969, PMI delivers value for more than 2.9 million professionals working in nearly every country in the world through global advocacy, collaboration, education and research. Their standard for project, program and portfolio management are the most widely recognized ones in the profession and are a model for project management in business and government.&hellip;","_links":{"self":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts\/30998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/users\/220"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/comments?post=30998"}],"version-history":[{"count":6,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts\/30998\/revisions"}],"predecessor-version":[{"id":95914,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/posts\/30998\/revisions\/95914"}],"wp:attachment":[{"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/media?parent=30998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/categories?post=30998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whizlabs.com\/blog\/wp-json\/wp\/v2\/tags?post=30998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}