Risk Monitoring and Reporting (19-20%)

• Utilizing the standard tools & techniques to document and regularly update the project risk data for maintaining a current repository of all the project risk information;
• Coordinating with project manager utilizing communication techniques for integrating the risk management during the project;
• Updating the project risk management plan utilizing the relevant external and internal inputs for keeping the plan current;
• Analyzing the risk process performance toward established metrics for driving the risk process improvements;
• Monitoring the risk response metrics by examining risk response display information and presenting to key stakeholders for ensuring analysis of risk as well as developing extra risk response strategies to remove secondary & residual risks;
• Capturing the risk lessons discovered through a thorough review of the project risk process performance reports, risk management plan, risk audits, risk register, and other reports for incorporating into later risk planning.
• Utilizing the risk-related metrics as defined in the risk management plan to create the periodical standard and custom reports for communicating the risk management status and activities;

Certification Path

There is no prerequisite for this PMI PMI-RMP exam.

Reference: https://www.pmi.org/certifications/risk-management-rmp

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Main Requirements to Meet

The PMI-RMP certification is intended for those professionals who possess advanced risk management knowledge and experience. The individuals who perform the role of a Project Manager and are involved in managing large projects and/or complex environments can also pursue this certificate.

The eligibility requirements for the PMI-RMP certification include holding a secondary degree (including a high school diploma, an associate’s degree, or their global equivalent); 36 months of work experience in project risk management within the last 5 years; and at least 40 hours of risk management education concerning projects. If you do not meet some of the above-mentioned prerequisites, you can also qualify for this certificate satisfying the following requirements: a bachelor’s degree or a global equivalent of the same; at least 24 months of work experience in risk management within the last 5 years; and at least 30 hours of conclusive risk management education concerning projects.

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