PMI Risk Management Professional

PMI Risk Management Professional

The PMI Risk Management Professional (PRMP) certification is an internationally recognized certification that validates an individual’s expertise in identifying, assessing, and mitigating risks in projects and organizations.

Focus

The PMI Risk Management Professional certification focuses on Risk management in projects and organizations

Exam Duration

The PMI Risk Management Professional exam duration is 4 hours

Num of Question

The exam contains a total of 170

Exam Fee

The exam fee is $405-$515 USD.

Exam Validity

The CCRN-Pediatric certification is valid for 3 years.

Prior Certification

• Either the Project Management Professional (PMP) or a secondary degree (bachelor’s or graduate’s degree) and 4,500 hours (3 years) of experience and 30 hours of project management education, or Certified Associate in Project Management (CAPM) and 4,500 hours (3 years) of experience and 30 hours of project management education

Exam Format

The PMI Risk Management Professional exam is a Computer adaptive

Passing Conditions

To pass PMI Risk Management Professional exam, applicants must achieve a minimum score of Score 105 out of 170 without using the calculator, or 128 out of 170 with the calculator

Who Should Take

Individuals who are interested in pursuing a career in risk management or have experience in project management and are looking to elevate their skills in risk management

• Risk Manager
• Project Manager
• IT Manager
• Operations Manager
• Business Analyst

Prerequisites

4,500 hours of experience in project management, or

Or can substitute with certifications:

• PMP certification, and 12-24 months of experience in a risk management role, or CAPM certification, and 12-24 months of experience in a risk management role

Certification Process

• Step 1: Meet the prerequisites
• Step 2: Choose a training course
• Step 3: Prepare for the exam
• Step 4: Apply to take the exam
• Step 5: Take the exam and pass it

Domains with Weights

• Domain I: Risk Navigation and Governance (15%): This domain assesses the ability to develop, implement, and maintain effective corporate and project governance and risk management structures, processes, and cultures. The candidate should be able to identify, assess, and prioritize risks and opportunities, understand organizational risk management frameworks, and embed risk management into the organizational DNA.
• Domain II: Risk Assessment (30%): This domain evaluates the ability to identify, categorize, and assess risks using quantitative and qualitative methods, impact and likelihood assessments, and forward-looking assessments of potential future influences and dependencies.
• Domain III: Risk Strategy and Mitigation (25%): This domain assesses the ability to develop and implement a proactive and reactive risk strategy and provide the framework for a proactive risk management culture, effective risk mitigation strategies, and practical solutions to meet organizational goals and minimize risks.
• Domain IV: Risk and Project Integration (20%): This domain evaluates the ability to integrate risk management into project management and organizational processes, provide direction on how to best manage corporate governance, project governance, and risk management risks, and leverage IT, people, process, knowledge, and other resources.
• Domain V: Communication and Stakeholder Engagement (10%): This domain assesses the ability to communicate effectively with stakeholders and present risk issues and solutions, mitigate and minimize conflicts, sustain project momentum, and communicate effectively with colleagues, stakeholders, and team members.