With the PMI-RMP, you'll gain the expertise to spot problems early, master risk fundamentals, and enhance project outcomes for a competitive edge. Loading Exam fee will only be required after your application has been accepted and you are ready to schedule your exam.

Project risk is characterized by three factors: risk event, risk probability and the amount at stake. Risk Event: The precise description of what might happen to the detriment of the project. Risk Probability: The degree to which the risk event is likely to occur.

PMI Risk ®Management Professional (PMI-RMP) Exam Content Outline 4 Domains, Tasks and Enablers In this document you will find an updated structure for the PMI-RMP Examination Content Outline. Based on feedback from customers and stakeholders, we have worked on simplifying the format so that the PMI-

May 5, 2014 · Taking the PMI definition of “overall project risk” as “the effect of uncertainty on the project as a whole” (PMI, 2009, 2013); it is clear that identifying overall project risk requires a different perspective from the typical risk identification process.

Applies risk management principles to the respective portfolio, program, and project management performance domains within the context of an enterprise risk management (ERM) approach, using examples and a working case study

Oct 26, 2004 · A Guide to the Project Management Body of Knowledge (PMBOK ®), 2000 Edition defines a risk as an uncertain event or condition, that if it occurs, has a positive or negative effect on a project objective.

May 19, 2008 · In doing so, it identifies the PMBOK Guide's definition of risk and defines the building blocks for gauging risk--uncertainty vs. variability, accuracy vs. precision; it describes the difference between chance and possibility.

Risk management is considered by many to be the essence of project management. In their study of 44 capital projects, Hetland, Sandberg, and Torsøy (2005) suggest a new understanding of project-specific uncertainties and offer a proactive communication strategy to outwit attackers’ attempts to escalate cost deviations.

Perform qualitative risk analysis. Select highest priority risks that may need to undergo quantitative risk analysis. Update the risk management plan. Update the risk register. 14 Plan Identify Respond Analyze Monitor

Discover practical methods and tools for managing various risk types, identifying and analyzing risk events, and prioritizing risks by overall severity or importance. Learn how to prepare a risk register and develop management methods to address portfolio and program risks.