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Are you confused about the PMI-RMP exam? Not sure what to study? Let's look at frequently asked questions about the PMI-RMP.
What is the PMI-RMP?
The PMI Risk Management Professional (PMI-RMP)® is one of the eight PMI certifications. Individuals with this certification possess specialized knowledge and expertise in planning for risk management, identifying risks, evaluating risks, developing and implement risk responses, and monitoring risks.
Why should I consider the PMI-RMP certification?
There are several reasons that a project manager may with to obtain the PMI-RMP certification. They include but are not limited to:
- Increase career opportunities
- Improve professional status
- Increase salary
- Boost your knowledge and expertise
- Improve project success rates
- Help organizations with risk management
PMI 2021 Salary Survey – Twelfth Edition
Want to increase your salary? Consider the results of the latest PMI salary survey.
"...survey respondents with a PMP certification report higher median salaries than those without a PMP certification — 16% higher on average across the 40 countries surveyed." –Earning Power: Project Management Salary Survey – Twelfth Edition (2021)
What is the PMI-RMP Exam Content Outline?
The PMI-RMP Exam Content Outline and Specifications (March, 2022) specifies the domains needed by a Risk Management Professional (PMI-RMP)®. Additionally, this resource describes the PMI-RMP application process, eligibility, fees, and examination information. The ECO is the basis for the PMI-RMP exam. If you wish to know what's on the exam, start here.
Note: PMI has updated the PMI-RMP® exam as of April 1, 2022.
Grab a Copy of the PMI Certifications Handbook
As you begin your journey towards the PMI-RMP exam, be sure to start with a copy of the PMI Certifications Handbook (December 7, 2020). The Handbook includes:
- PMI's Certification Program
- Application and Payments
- PMI Audit Process
- Exam Policies and Procedures
- Certification Policies and Procedures
- Continuing Certification Requirements Program
- PMI Code of Ethics & Professional Conduct
- PMI Certification Application/Renewal Agreement
FAQs - PMBOK 7th Edition
PMI announced that a change is coming to the PMP exam in January 2021. The change is to the exam, not the Project Management Body of Knowledge (PMBOK® Guide). The PMBOK® Guide Seventh Edition was released in August, 2021. Got questions? Here are answers in the FAQs – PMBOK 7th Edition (December 1, 2021).
Which edition of the PMBOK should I use to prepare for the PMI-RMP exam?
Which edition of the Practice Standard should I use?
PMI currently the Standard for Risk Management in Portfolios, Programs, and Projects in 2019.
The PMI-RMP Exam is Now Online
Great news! You can now take the PMI-RMP Exam online. The online exam is the same as the version administered at a test center. Plus, there is a live proctor.
What books do you recommend?
At a minimum, I recommend that you obtain a copy of the PMBOK® Guide, 7th Edition and the Standard for Risk Management in Portfolios, Programs, and Projects (2019). See the Reference Materials in the Risk Management Professional Exam Outline.
There are two other books that I recommend. However, none of these books are currently aligned with the PMBOK® Guide, 7th Edition. Having said that, each provides helpful information in preparing for the exam. Equally important, these resources provide helpful tips in the practical application of project risk management.
- The PMI-RMP Exam Prep Study by Belinda Fremouw (April, 2017)
- Risk Management Tricks of the Trade for Project Managers by Rita Mulcahy (February, 2019)
How do I apply for the PMI-RMP?
PMI has simplified the application process for all eight of its certifications, which went live June 18, 2020. It now requires much less time – went from 30 screens to 4. Experience is entered in months, not hours. And you no longer have to enter hours by domain.
How hard is the PMI-RMP exam?
The certification exam has 170 multiple-choice questions and you have 3.5 hours to complete it. Like all PMI exams, the exam is challenging. It was not as difficult as the PMP exam for me.
Are you a PMP? Or perhaps you are preparing for the PMP exam now. I strongly recommend that you prepare for the PMI-RMP exam after you've passed the PMP exam, while your PMBOK studies are still fresh in your mind.
Additional Certification FAQs
I realize that I've not likely answered all of your questions. Here are the common Certification FAQs from PMI.
Only 3 in 10 PMPs can ace this project risk management quiz. Can YOU? Try this fun quiz (10 questions) to test your knowledge.
PMI-RMP® Exam Updates
PMI updated the PMI-RMP® exam with updated terminology and processes, as well as enterprise-level risk management. There are new multiple select questions. Additionally, predictive, agile, and hybrid approaches are included in the exam. PMI started the updated exam on April 1, 2022.
Help Me Help You!
Please contact PMI Customer Care for the final word concerning any of these questions. I have made every attempt to ensure the information in this article is accurate. If you have additional information or questions for me, please email me at firstname.lastname@example.org. Thanks!
The PMI-RMP® Short Course
The walk of a thousand miles begins with the first step. You've been thinking about become a Project Risk Management Professional (PMI-RMP®) for some time, but you never seem to get started. Let's jumpstart your preparation. Once you've completed this course, you'll know how to create risk management plans, identify risks, evaluate risks, develop and implement risk response plans, monitor risks, and much more.