Risk Management

PMI’s Risk Management Professional (PMI-RMP)® credential is a solution to project management’s increasing growth, complexity and diversity. Globally recognized and demanded, the PMI-RMP® fills the need for a specialist role in project risk management.

It recognizes your unique expertise and competency in assessing and identifying project risks, mitigating threats and capitalizing on opportunities, while still possessing a core knowledge and practical application in all areas of project management.

Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

Risks can come from uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards.

As part of PMI’s Continuing Certification Requirements program, a PMI-RMP credential holder will need to earn 30 PDUs in the specialized area of project risk management per three-year cycle. To learn more about the program, what are PDUs, how to earn and claim them, as well as step-by-step instructions on how to renew your certification, watch the CCR video. You can also reference the latest PMI-RMP Handbook found on PMI.org.

How to apply and prepare for the exam

To apply for the PMI-RMP, register and log in to our online system to get started. A printable PMI-RMP application form is also available.

Need more information? Get more information on the PMI-RMP’s role and requirements. For a more detailed look, consult the PMI-RMP Handbook.

If you're ready to take the exam the PMI-RMP exam preparation page can get you started.

Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

The Meaning of Risk

  • Definitions & Terminology
  • Risk Ownership & Custody
  • Roles & responsibilities

Risk Management & Corporate Governance

  • Characteristics, Benefits & Applications of Risk Management
  • Risk Management Strategy & Process
  • Risk Management Frameworks & Standards

Enterprise Risk Management

  • Risk Interactions
  • The Challenges Presented by Risk Silos
  • Managing Enterprise Risk Holistically
  • Risk Philosophy, Methodology & Architecture

Risk Measurement & Risk Assessment

  • Risk Measurement (Qualitative)
  • Risk Assessment (Quantitative)
  • Risk Metrics
  • Identifying and Valuing Entities at Risk
  • Valuing Intangible Assets
  • Threat Identification, Domains, Agents, Catalysts, Inhibitors & Amplifiers
  • Risk Taxonomy
  • Business Impact & Consequences
  • Vulnerability Assessment

Risk Mitigation

  • Control Frameworks, Strategies & Objectives
  • Balancing Costs & Benefits
  • Total Cost Approach
  • Ensuring that mitigation of one Risk doesn’t increase others

Risk Appetite

  • Scoring Likelihood & Impact
  • Risk Thresholds
  • Key Risk Indicators

Risk Management Tools

  • Risk Information Management
  • Risk Registers
  • Dynamic Risk Dashboards
  • Integrated & Automated Risk Solutions
  • SABSA’s Risk Management Solution

Measuring Success of A Risk Management Programme

  • Risk Management Maturity Profiles
  • Applying Capability Maturity Models to Risk

When Time flexibility is a Constraint due to schedules , Multisoft systems provides learners with a unique training experience by giving then On Demand tailor-made Courses.

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