LAST UPDATED ON JANUARY 1, 2021, BY HARRY HALL
THIS ARTICLE CONTAINS AFFILIATE LINKS. WE MAY EARN A COMMISSION IF YOU CLICK A LINK AND MAKE A PURCHASE. IT DOES NOT COST YOU EXTRA. THANKS FOR YOUR SUPPORT!
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)
Is the PMI-RMP exam changing?
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 not expected to change until later in 2021.
So, how does this impact the PMI-RMP exam? It stays the same for now. The change to the PMP exam does not impact the RMP exam.
What is the Exam Content Outline?
The PMI-RMP Exam Content Outline (2012) specifies the domains, knowledge, and skills needed by a Risk Management Professional (PMI-RMP)®. The ECO is the basis for the PMI-RMP exam. If you wish to know what's on the exam, start here.
Which edition of the PMBOK should I use?
Individuals preparing for the PMI-RMP exam should study the PMBOK® Guide – 6th Edition (2017).
I recently had someone ask, "Why is the PMI-RMP exam based on the 6th Edition which was published in 2017. The PMI-RMP Exam Content Outline was published in 2012, and the PMBOK® Guide – 4th Edition was published in 2008 while the PMBOK® Guide – 5th Edition was published in 2013."
I contacted PMI Customer Care in September 2020 and asked which edition should be used. Customer Care said, "We would like to inform you that all the current PMI credentials are based on the preparation of the 6th edition of the PMBOK."
If you are a PMI member, you may download the PMBOK® Guide – 6th 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.
What books do you recommend?
At a minimum, I recommend that you obtain a copy of the PMBOK® Guide—6th 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 Edition 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.
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.
The PMI-RMP® exam is challenging, but you can pass it on your first try. In the Introduction to the PMI-RMP Course, I provide you with an overview of the PMI-RMP® credential, the necessary resources, how to complete your studies and save time, how to earn the required contact hours, and much more.
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!