PMI Risk Management Professional Study Guide 2026

Key Competencies (5)

• 1

  Develop Risk Management Plan Components

  Formulating the elements and framework of the risk management plan.

• 2

  Plan Risk Response Strategies

  Creating strategies to respond to identified risks.

• 3

  Establish Evaluation Criteria

  Setting criteria for evaluating risk management processes.

• 4

  Develop Monitoring and Reporting Protocols

  Setting up protocols for risk monitoring and reporting.

• 5

  Define Risk Assessment Processes

  Describing processes for assessing risks.

Key Competencies (5)

• 1

  Collect and Review Project Documentation

  Gathering and analyzing existing project documents for risk identification.

• 2

  Conduct Risk Identification Sessions

  Organizing sessions to identify risks.

• 3

  Document Identified Risks

  Recording identified risks systematically.

• 4

  Update the Risk Register

  Maintaining an updated risk register.

• 5

  Communicate Identified Risks to Stakeholders

  Informing stakeholders about the identified risks.

Key Competencies (5)

• 1

  Perform Qualitative Risk Analysis

  Assessing risks based on qualitative criteria.

• 2

  Perform Quantitative Risk Analysis

  Quantitatively evaluating risks for precision in decision-making.

• 3

  Prioritize Risks

  Arranging risks according to analysis results.

• 4

  Update Risk Register with Analysis Outcomes

  Incorporating analysis results into the risk register.

• 5

  Communicate Risk Analysis Results to Stakeholders

  Reporting analysis outcomes to relevant parties.

Key Competencies (5)

• 1

  Develop Risk Response Plans

  Formulating responses to manage identified risks.

• 2

  Update Risk Register with Response Actions

  Documenting the execution and outcomes of risk responses.

• 3

  Implement Risk Responses

  Executing planned risk responses effectively.

• 4

  Communicate Risk Response Actions to Stakeholders

  Informing stakeholders of actions taken to manage risks.

• 5

  Monitor Effectiveness of Risk Responses

  Tracking the impact and effectiveness of risk responses.

Key Competencies (5)

• 1

  Close Risks No Longer Applicable

  Finalizing and archiving risks that have been effectively mitigated or are obsolete.

• 2

  Identify and Monitor New Risks

  Discovering new risks and maintaining oversight.

• 3

  Communicate Risk Status to Stakeholders

  Providing updates on the status of risks and their resolutions to relevant parties.

• 4

  Monitor Identified Risks and Risk Responses

  Ongoing oversight of risks and the efficacy of responses.

• 5

  Update Risk Register with Monitoring Results

  Keeping risk documentation current with findings from risk monitoring.