Risk Management Professional (PMI-RMP) - ITU Online

Risk Management Professional (PMI-RMP)

If you’re looking to hone your project management skills, this course is the perfect preparation for achieving PMI’s Risk Management Professional (PMI-RMP) certification. This credential meets the growing demands of modern project management, including increased complexity and diversity: all while following the 6th Edition of the PMBOK guidebook.

Included In This Course

Risk Management Professional (PMI-RMP)
8 Hrs 45 Min
Videos
27 On-demand Videos
Closed Captions

Closed Captions

Course Topics
10  Topics
Question & Answers
100 Prep Questions
Certificate of Completion

Certificate of Completion

Course Description for PMI Risk Management Professional (PMI-RMP) 6th Edition Certification

The PMI Risk Management Professional (PMI-RMP) 6th Edition course is designed to equip you with the essential skills and knowledge needed to effectively manage risks in projects. This comprehensive course covers key concepts, tools, and techniques in risk management, aligning with the latest PMI-RMP exam content outline. Throughout the course, you will gain insights into risk strategy and planning, stakeholder engagement, risk process facilitation, and specialized risk analyses.

Through practical examples and real-world applications, this course will enhance your ability to identify, assess, and mitigate risks, ensuring successful project outcomes. Whether you’re a project manager seeking to specialize in risk management or a professional aiming to enhance your skills, this course offers valuable insights and strategies to advance your career.

What You Will Learn in PMI Risk Management Professional (PMI-RMP) Certification Course

Enrolling in the PMI-RMP course will provide you with a robust understanding of risk management principles and their practical applications. You will develop the skills necessary to handle risks effectively, ensuring project success and stakeholder satisfaction.

  • Fundamentals of risk management and its importance in project success
  • Strategies for effective risk identification and assessment
  • Techniques for risk mitigation and response planning
  • Approaches to stakeholder engagement in risk management
  • Processes for risk monitoring and reporting
  • Advanced methods for specialized risk analyses

Exam Objectives for PMI Risk Management Professional (PMI-RMP) Certification

The PMI-RMP certification is governed by the Project Management Institute (PMI). The exam objectives are structured to evaluate your expertise in risk management across various domains. Each objective is crucial for demonstrating your ability to manage project risks effectively.

  • Risk Strategy and Planning: Develop and implement risk management strategies (20% of the exam)
  • Stakeholder Engagement: Engage stakeholders and ensure effective communication (25% of the exam)
  • Risk Process Facilitation: Facilitate risk management processes and activities (30% of the exam)
  • Risk Monitoring and Reporting: Monitor and report risk status and metrics (15% of the exam)
  • Specialized Risk Analyses: Perform advanced risk analyses and assessments (10% of the exam)

Who This PMI Risk Management Professional (PMI-RMP) Course is For

This course is ideal for a wide range of professionals seeking to enhance their risk management capabilities and achieve PMI-RMP certification. Whether you are an experienced project manager or new to the field, this course provides valuable knowledge and skills.

  • Project Managers looking to specialize in risk management
  • Risk Management Professionals aiming to validate their skills
  • Business Analysts involved in risk assessment and planning
  • Professionals preparing for the PMI-RMP certification exam
  • Individuals seeking to improve project outcomes through effective risk management

Possible Jobs You Can Get With PMI Risk Management Professional (PMI-RMP) Certification

Achieving the PMI-RMP certification opens up numerous career opportunities in various industries. The skills and knowledge gained from this course are highly valued and can lead to prominent roles in project management and risk assessment.

  • Risk Manager
  • Project Risk Analyst
  • Risk Management Consultant
  • Project Manager with a focus on risk management
  • Business Continuity Specialist

Average Industry Salaries for People with PMI Risk Management Professional (PMI-RMP) Certification

Professionals with PMI-RMP certification are highly sought after and can command competitive salaries. The certification validates your expertise in risk management, leading to better job prospects and higher earning potential.

  • Risk Manager: $100,000 – $130,000 per year
  • Project Risk Analyst: $85,000 – $115,000 per year
  • Risk Management Consultant: $90,000 – $120,000 per year
  • Project Manager: $95,000 – $125,000 per year
  • Business Continuity Specialist

Our 9 course Project Managers bundle offers a comprehensive collection of training sessions to help you not just master project management, but also stay ahead in the curve and learn all its new advancements such as Agile techniques, project documentation and planning. Plus, at ITU, we provide the best route for getting your project management certification, (PMP from Project Management Institute), which is recognized world-wide as the gold standard when it comes to elevating your project management skills!

Get Our Best Deal on Project Management Training

Key Term Knowledge Base: Key Terms Related to Risk Management Professional (PMI-RMP)

Understanding key terms in Risk Management Professional (PMI-RMP) is crucial for professionals looking to enhance their skills in project risk management. These terms form the foundation of risk management knowledge and are vital for effectively identifying, analyzing, and mitigating risks in projects.

TermDefinition
Risk ManagementThe process of identifying, assessing, and controlling threats to an organization’s capital and earnings.
PMI-RMPProject Management Institute – Risk Management Professional, a certification for risk management professionals.
PMBOKProject Management Body of Knowledge, a set of standard terminology and guidelines for project management.
Risk IdentificationThe process of determining risks that could potentially prevent the project from achieving its objectives.
Qualitative Risk AnalysisThe process of prioritizing risks for further analysis or action by assessing their probability of occurrence and impact.
Quantitative Risk AnalysisThe process of numerically analyzing the effect of identified risks on overall project objectives.
Risk Response PlanningThe process of developing options and determining actions to enhance opportunities and reduce threats to project objectives.
Risk Monitoring and ControllingThe process of tracking identified risks, monitoring residual risks, identifying new risks, and executing risk response plans.
Stakeholder EngagementThe systematic identification, analysis, planning, and implementation of actions designed to engage with stakeholders.
Risk Process FacilitationThe coordination of the risk management process, including planning, identification, analysis, response planning, and monitoring and control.
Specialized Risk AnalysesAdvanced techniques used to understand and analyze risks within a project.
Risk Management PlanA document prepared by a project manager to foresee risks, estimate impacts, and define responses to issues.
Risk AppetiteThe level of risk that an organization is prepared to accept in pursuit of its objectives.
Risk ToleranceThe degree of variability in investment returns that an individual or organization is willing to withstand.
Risk ThresholdThe level of risk exposure above which risks are addressed and below which risks may be accepted.
Risk RegisterA document in which the results of risk analysis and risk response planning are recorded.
Contingency PlanA plan devised for an outcome other than in the usual (expected) plan, often used for risk management.
Mitigation StrategiesActions taken to reduce the likelihood or impact of a risk.
Risk OwnerThe person responsible for managing risks and implementing risk responses.
Residual RiskThe risk that remains after all efforts to identify and eliminate risk have been made.

This knowledge base provides a foundational understanding of key concepts in project risk management, essential for professionals seeking the PMI-RMP certification.

Frequently Asked Questions About Risk Management Professional Certification

What is the PMI-RMP certification?

The PMI-RMP (Project Management Institute-Risk Management Professional) certification is a globally recognized credential that validates a professional’s expertise in identifying and managing project risks. It is offered by the Project Management Institute (PMI).

Why should I pursue the PMI-RMP certification?

Obtaining the PMI-RMP certification demonstrates your commitment to excellence in risk management and enhances your professional credibility. It can open doors to new career opportunities and increase your earning potential. It also provides you with a comprehensive framework and best practices for effectively managing risks in projects.

What are the eligibility requirements for the PMI-RMP certification?

To be eligible for the PMI-RMP certification, you must have a secondary degree (high school diploma, associate’s degree, or global equivalent) and meet specific project risk management experience requirements. PMI requires a minimum of 4,500 hours of professional project risk management experience along with at least 40 hours of formal project risk management education. Alternatively, you can meet the eligibility criteria with a four-year degree, 3,000 hours of project risk management experience, and 30 hours of formal education.

How do I apply for the PMI-RMP certification?

To apply for the PMI-RMP certification, you need to create an account on the PMI website (www.pmi.org) and complete the online application. The application requires you to provide details of your education, project risk management experience, and formal training in risk management. You may also need to provide supporting documentation, such as education transcripts and certificates of training.

What is the PMI-RMP exam format?

The PMI-RMP exam is a computer-based test consisting of multiple-choice questions. It assesses your knowledge and understanding of project risk management concepts, principles, and practices. The exam consists of 170 questions, and you have 3.5 hours to complete it. The questions are based on the PMI-RMP Exam Content Outline, which outlines the domains and tasks that the exam covers.

How can I prepare for the PMI-RMP exam?

To prepare for the PMI-RMP exam, you can follow a few steps. First, review the PMI-RMP Exam Content Outline provided by PMI to understand the domains and tasks covered in the exam. Then, consider enrolling in a PMI-RMP exam preparation course or workshop to gain in-depth knowledge and practice. Additionally, utilize study materials such as textbooks, online resources, and practice exams to reinforce your understanding and test your knowledge.

Is there a renewal requirement for the PMI-RMP certification?

Yes, the PMI-RMP certification is valid for three years. To maintain your certification, you must earn 30 Professional Development Units (PDUs) in the area of project risk management during each three-year renewal cycle. PDUs can be earned through various activities, including attending educational events, participating in webinars, and publishing articles or papers related to risk management.

Can I earn PDUs for the PMI-RMP certification before passing the exam?

No, PDUs can only be earned after you have obtained the PMI-RMP certification. Once you pass the exam and become a certified PMI-RMP, you can start earning PDUs to fulfill the renewal requirements.

Are there any prerequisites or certifications required before pursuing the PMI-RMP certification?

No, there are no prerequisites or other certifications required to pursue the PMI-RMP certification. However, having prior knowledge or experience in project management can be beneficial in understanding

Proudly Display
Your Achievement

Upon completion of your training, you’ll receive a personalized certificate of completion to help validate to others your new skills.
Example Certificate

PMI Risk Management Professional (PMI-RMP) 6th Edition Course Content

Module 1: Risk Management Fundamentals

  •    Instructor Intro
  •    Course Intro
  •    Risk Management Fundamentals Pt 1
  •    Risk Management Fundamentals Pt 2

Module 2: Test Requirements

  •    Test Requirements

Module 3: Test Domains

  •    Test Domains Pt 1
  •    Test Domains Pt 2

Module 4: Risk Strategy and Planning

  •    Risk Strategy and Planning Pt 1
  •    Risk Strategy and Planning Pt 2

Module 5: Stakeholder Engagement

  •    Stakeholder Engagement Pt 1
  •    Stakeholder Engagement Pt 2
  •    Stakeholder Engagement Pt 3
  •    Stakeholder Engagement Pt 4

Module 6: Risk Process Facilitation

  •    Risk Process Facilitation Pt1
  •    Risk Process Facilitation Pt2
  •    Risk Process Facilitation Pt3

Module 7: Risk Monitoring and Reporting

  •    Risk Monitoring and Reporting Pt 1
  •    Risk Monitoring and Reporting Pt 2
  •    Risk Monitoring and Reporting Pt 3

Module 8: Specialized Risk Analyses

  •    Specialized Risk Analyses Pt 1
  •    Specialized Risk Analyses Pt 2
  •    Specialized Risk Analyses Pt 3

Module 9: RMP Recap

  •    RMP Recap

Module 10: RMP Review Questions

  •    RMP Review Questions Pt 1
  •    RMP Review Questions Pt 2
  •    RMP Review Questions Pt 3
  •    RMP Review Questions Pt 4
  •    RMP Review Questions Pt 5
Add a review
Currently, we are not accepting new reviews
4.8
Based on 81 reviews
1-5 of 81 reviews
  1. SJ

    good

  2. AA
  3. K
  4. BO
  5. A

    Smooth delivery and easy access to LMS. Good to see that the LMS offers progress tracking. Would be great if badges were offered on completion of courses to share via Credly to future employers.

Your Training Instructor

Orlando Lugo

Orlando Lugo

Instructor

Risk Management Professional

Subscribe To All-Access
Lock In $16.99 / Month Forever

Gain access to this training and all our other courses with our cost-effective monthly subscription. No obligations. Cancel anytime.

$49.99 $16.99 Monthly

OR

$49.00