1. Introduction to project risk management

• Defining risk management within project contexts.
• Understanding the importance of proactive risk management and its impact on project success.
• Overview of the Project Management Body of Knowledge (PMBOK Guide) and The Standard for Risk Management in Portfolios, Programs, and Projects, particularly concerning risk management concepts and processes. 

2. Risk strategy and planning

• Gathering and reviewing project documents, including industry benchmarks, lessons learned, and historical data, to inform risk planning.
• Analyzing environmental factors (e.g., PESTLE, SWOT analysis) that may influence risk management planning.
• Determining organizational and cultural risk appetite and aligning project risk thresholds.
• Defining risk roles and responsibilities within the project, potentially using RACI charts.
• Developing the risk management plan, including identifying risk categories, defining probability and impact scales, and establishing risk metrics.
• Planning for triggers and potential conflicts.
• Coaching and mentoring the team on risk management best practices. 

3. Risk identification

• Conducting risk identification exercises using various techniques, including brainstorming, interviews, expert judgment (e.g., Delphi technique), and document analysis.
• Analyzing assumptions and constraints to identify potential risks.
• Documenting risk triggers and thresholds based on the project context.
• Categorizing risks (e.g., technical, external, organizational) and classifying them as threats or opportunities.
• Developing and maintaining the Risk Register, including risk statements, attributes, origin, and ownership. 

4. Risk analysis

Qualitative Risk Analysis:

• Performing nominal classification of risks using the Risk Breakdown Structure (RBS).
• Prioritizing risks based on probability and impact using a risk matrix.
• Applying techniques like Failure Mode and Effects Analysis (FMEA), Ishikawa (Fishbone) diagrams, and influence diagrams to understand risk relationships and impacts.
• Assessing risk data quality and educating stakeholders on risk categories.

Quantitative Risk Analysis:

• Knowing when to quantify risks and understanding risk impact calculations.
• Using techniques like Expected Monetary Value (EMV), Decision Trees, Monte Carlo simulations, and sensitivity analysis (e.g., Tornado Diagrams) to quantify risks.
• Assessing risk complexity and impact on project objectives (scope, schedule, cost, quality, resources).
• Understanding Waterfall and Agile metrics for risk assessment. 

5. Risk response planning

• Developing risk response strategies for threats (e.g., avoid, mitigate, transfer, accept) and opportunities (e.g., exploit, enhance, share, accept).
• Planning for residual and secondary risks.
• Developing contingency plans and fallback strategies.
• Assigning risk owners and defining mitigation and contingency actions.
• Integrating risk responses into program and portfolio management frameworks.
• Communicating risk response strategies to stakeholders. 

6. Monitor and close risks

• Gathering and analyzing performance data to assess the accuracy and efficacy of risk responses.
• Monitoring residual and secondary risks and their impact on project objectives.
• Updating project documentation, including risk registers and risk reports.
• Communicating risk status and trends to stakeholders.
• Conducting risk audits to review the effectiveness of risk management processes. 

7. Exam preparation and tips

• Understanding the PMI-RMP exam format, which consists of 115 questions (100 scored, 15 pretest) to be completed within 2.5 hours.
• Strategies for studying, including reviewing the PMI-RMP Exam Content Outline (ECO) 2022 and PMI's foundational risk management standards.
• Techniques for answering questions effectively and managing time during the exam.
• Understanding the weightage of questions from each domain: Risk Strategy and Planning (22%), Risk Identification (23%), Risk Analysis (23%), Risk Response (13%), and Monitor and Close Risk (19%).
• Taking practice exams and utilizing resources like study guides and online courses.
• Focusing on areas like risk identification and analysis, which are key areas of the exam.