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Number of questions: 115 total questions
Unscored (pretest) questions: 15 of the 115 are unscored (pretest) and do not count toward the score
Scored questions: 100 questions (i.e. 115 – 15)
Exam duration / time allotted: 150 minutes (2.5 hours)
Breaks: There is an optional 10-minute break roughly mid-way; the break time is not included in the 150 minutes
Languages: Offered in multiple languages- including English- Arabic- Chinese (Simplified)
Question formats: A mix of multiple-choice and multiple-answer (multi-select) questions

Domain I Risk Strategy and Planning 22%

Task 1 Perform a preliminary document analysis

- Gather and review documents
- Give examples of preliminary documents to review prior to risk identification includes industry benchmarks (if available)- previous lessons learned- historical data- and the sources of the above information.
- Determine and assign who is responsible for the preliminary document analysis (e.g.- project manager- risk manager- financial controller)
- Establish documents relevant to the risk process

Task 2 Assess project environment for threats and opportunities

- Determine which OPA / EEF / project methodology is needed (e.g.- agile- waterfall- hybrid- etc.)
- Analyze the different environmental factors to be considered in the planning phase (e.g.- PESTLE- SWOT analysis)
- Determine the organizational and cultural risk appetite
- Analyze environment for risk culture maturity
- Evaluate the project management information system process and data
- Conduct a stakeholder analysis
- Analyze constraints to risk management
- Government- market laws/rules- organizational- environmental- and technical risks
- Focus stakeholders on creating a culture of risk awareness
- Determine business driver of project- including key assumptions- benefits- and materialization of project.

Task 3 Confirm risk thresholds based on risk appetites

- Align project risk thresholds to organizational risk appetite
- Calculate the risk the organization can absorb (e.g.- financial- scope- environmental- technical- legal- schedule- quality- contract- etc.)
- Discuss risk thresholds
- Lead conflict resolutions between stakeholders in agreeing on risk appetite

Task 4 Establish risk management strategy

- Establish risk processes and tools
- Provide risk management templates/forms
- Determine risk metrics
- Identify risk categories
- Coach/mentor team on risk management best practices (servant leadership)
- Lead stakeholders to adopt the risk strategy

Task 5 Document the risk management plan

- Define organizational risk roles and responsibilities
- Align roles and responsibilities with a project RAM (e.g.- RACI) chart
- Prepare a list of the key artifacts/resources that will be used to compile a risk management plan
- Outline the list of key risk management activities (e.g.- who- what- when- where- how)
- Explain how the Risk Breakdown Structure (RBS) can be used to support the risk management plan
- Define a risk communication plan
- Define risk prioritization criteria
- Define stakeholder empowerment and education strategy

Task 6 Plan and lead risk management activities with stakeholders

- Collaborate with the team that would conduct the risk planning on the project
- Leverage stakeholder analysis done by the project manager
- Manage stakeholder risk appetite and attitudes
- Engage stakeholders in the risk prioritization process
- Set appropriate expectations with stakeholders on the rules of engagement
- Tailor risk communication for stakeholders
- Lead stakeholder empowerment for risk strategies in the risk management plan
- Train- coach- and educate stakeholders in risk principles and processes in order to create shared understanding of principles and processes- and foster engagement in risk management

Domain II Risk Identification 23%

Task 1 Conduct risk identification exercises

- Conduct meetings- interviews- focus groups- and other SME support activities
- Perform detailed analyses of risk identification exercise results
- Analyze documents- audio transcripts- telemetry data- etc. and understand business context of information
- Indicate risks as threats or opportunities

Task 2 Examine assumption and constraint analyses

- Leverage the results of the assumption and constraint analysis
- Categorize assumptions and constraints
- Assess the risk associated with each assumption and/or constraint
- Recognize the relationship between assumptions and/or constraints- and project objectives (e.g.- predict the cascade effect of project stakeholder holiday schedules on project timelines)
- Encourage stakeholders to challenge assumptions and constraints

Task 3 Document risk triggers and thresholds based on context/environment

- Assess- confirm- and document risk compliance thresholds- and categories against updated risk data
- Assess and document risk triggers- causes and timing
- Assess and document risk consequences and/or impact
- Empower stakeholders to challenge existing thresholds

Task 4 Develop risk register

- Analyze the validity of identified risks and triggers
- Examine the risk attributes like probability- impact- urgency
- Establish risk origin and ownership e.g.- internal/external
- Classify risks as threats or opportunities

Domain III Risk Analysis 23%

Task 1 Perform qualitative analysis

- Perform a nominal classification or risks in the RBS using classifications from the risk management plan (e.g.- environment- organizational- project management- technical- etc.)
- Estimate the impact of risk on project schedule- budget- resources- and scope
- Prioritize the risk based on impact- and urgency
- Apply the risk matrices
- Agreed-upon exam approach- Historical information- Definitions of probability and impact- Risk categories- Preestablished criteria
- Perform an ordinal classification
- Coach stakeholders on risk categorization strategies

Task 2 Perform quantitative analysis

- Analyze risk data and process performance information against established metrics
- Analyze a project's general risks
- Perform a forecast and trend analysis on new and historical information
- Perform sensitivity analysis
- Monte Carlo- decision trees- critical path- expected monetary value- etc.
- Perform risk weighting and calculate risk priority

Task 3 Identify threats and opportunities

- Assess project risk complexity
- SWOT analysis- Ishikawa- Tree Diagram
- Perform an impact analysis on project objectives
-project scopes- schedule cost- and resources- quality- and stakeholders
- Assess project compliance objectives against organizational strategic objectives
- procedures- project plans- corporate- and project governance- regulatory governance
- Empower stakeholders to independently identify threats and opportunities

Domain IV Risk Response 13%

Task 1 Plan risk response

- Determine appropriate risk response strategy
- avoid- accept- mitigate- enhance- contingency planning etc.
- Decide the risk response actions (time bound) based on the risk response strategies and identify action owners
- Assess the effectiveness of the risk response actions against the identified strategy and the project objectives impact
- cost/schedule/environment etc.- effect of the action on the probability or the risk impact
- Illustrate and communicate effectiveness of the risk response strategies
- risk burndown chart- dot plots
- Determine the work around
- Allocate responsibilities
- Outline an appropriate responsibility matrix for a metricized project environment
- Re-evaluate organizational risks

Task 2 Implement risk response

- Execute the risk response plan(s)
- Execute the contingency plan(s)
- Encourage stakeholders to provide feedback on the risk response
- Evaluate and react to secondary and residual risks from the response implementation - Improvise as needed

Domain V Monitor and Close Risks 19%

Task 1 Gather and analyze performance data

- Reconcile performance data & reports from risk relevant work packages
- Analyze data to determine the completion status against the baseline
- Perform a variance analysis
- Monitor impact against overall project risk exposure to enterprise

Task 2 Monitor residual & secondary risks

- Monitor risk response and document residual risk
- Monitor risk response for secondary risks
- Assess impact of residual and secondary risks on project objectives
- Update and communicate impact of residual and secondary risks

Task 3 Provide information required to update relevant project documents

- Aggregate and summarize risk data- and update project documents
- risk register- lessons learned- project management plan- change
logs etc.
- Monitor and close out expired risks

Task 4 Monitor project risk levels

- Assess project risk level
- Prepare reports for different stakeholders
- Communicate risk levels to key stakeholders