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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 2020 Salary Survey
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 — 22% higher on average across the 42 countries surveyed." –Earning Power: Project Management Salary Survey – Eleventh Edition (2020)
What is the PMI-RMP Exam Content Outline?
The PMI-RMP Exam Content Outline and Specifications (August, 2021) specifies the domains, knowledge, and skills 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 is updating the PMI-RMP® exam. Therefore there is a PMI-RMP Pilot Exam Content Outline.
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 is being released (August, 2021). Got questions? Here are answers in the FAQs – PMBOK 7th Edition (July, 2021).
Which edition of the PMBOK should I use to prepare for the PMI-RMP exam?
I contacted PMI Customer Care on July 15, 2021 and asked which edition should be used in preparing for the PMI-RMP exam. Customer Care said, "you can read from both (6th & 7th Edition), as both books are helpful now."
If you are a PMI member, you may download the PMBOK® Guide – 6th Edition and 7th Edition here.
Which edition of the Practice Standard should I use?
PMI currently references the Practice Standard for Project Risk Management (2009), although PMI published the Standard for Risk Management in Portfolios, Programs, and Projects in 2019. If you are a PMI member, you may download the Practice Standard for Project Risk Management (2009) here.
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—6th Edition & 7th Edition and the Practice Standard for Project Risk Management (2009).
There are three other books that I recommend. However, be aware that none of these books are currently aligned with the 6th and 7th Editions of the PMBOK. However, 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)
- Passing the Risk Management Exam by Daniel Youmans (January, 2011)
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 will update the PMI-RMP® exam with updated terminology and processes, as well as enterprise-level risk management. There will be new multiple select questions. Additionally, predictive, agile, and hybrid approaches will be included in the exam. The updated exam is expected in April 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 email@example.com. Thanks!
Start your marathon run to become a PMI-RMP®
(Introduction to the PMI-RMP® 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 what to study, how to prepare, how to earn contact hours, strategies for multiple choice questions, and much more.