On April 1, 2022, the Project Management Institute (PMI®) rolled out the new PMI-RMP® exam. In this article, let's examine why the new PMI® Standards matter and what to look for in your PMI-RMP® training.
New PMI® Standards
The new PMI-RMP® Exam Content Outline and Specifications (March 2022) includes Reference Materials. And the Reference Materials include two new PMI® Standards:
- The Standard for Project Management (found in the PMBOK® Guide, Seventh Edition 2021)
- The Standard for Risk Management in Portfolios, Programs, and Projects (2019)
So, why do these new standards matter? In December 2021, PMI® conducted a pilot of the new exam. Guess what they used to validate the answers to the exam? Yes, the new standards.
Simply put, PMI® did not use the Standard for Project Risk Management (2009) or the PMBOK® Guide, Sixth Edition (2017) to validate the exam.
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Should We Ignore the PMBOK® Guide, Sixth Edition?
As most of you know, PMI® made radical changes from the PMBOK® Guide Sixth Edition to the Seventh Edition. In short, PMI® went from a process-based PMBOK® Guide (remember all of the Inputs, Tools & Techniques, & Outputs) to a principles-based PMBOK® Guide.
Should we ignore the Sixth Edition now? No, I'm not saying that at all. Although the Sixth Edition is not listed in the Exam Content Outline (March 2022) as a reference and PMI has sunset the Sixth Edition, there is still great value in using it as you prepare for the PMI-RMP exam. Specifically, read and study Chapter 11 – Project Risk Management, which frankly does a much better job with risk management terms and principles than the Seventh Edition (in my opinion).
>> Download a FREE copies of the PMBOK® Guides here (for PMI members).
New PMI-RMP® Domains
What else has changed? The new Exam Content Outline and Specifications (March 2022) outlines five domains (high-level knowledge areas). Tip: review the domains, tasks, and enablers to gain insights into what will be on the exam.
Percent of the Exam
Risk Strategy and Planning
Monitor and Close Risks
- Risk Strategy and Planning
- Stakeholder Engagement
- Risk Process Facilitation
- Risk Monitoring and Reporting
- Perform Specialized Risk Analysis
What to Look For in PMI-RMP Training
Here are some questions to help you choose your training materials/courses/exam banks:
- Is it in alignment with the new PMI® Standards?
- Is it in alignment with the new Exam Content Outline and Specifications (March 2022)? Specifically, is it based on the new domains, tasks, and enablers?
- If you are choosing an online course, does the course have a final exam, and does the course provide a certificate of completion (or a letter documenting the training)?
Why Take the Risk?
Why spend your time and money on outdated materials? Put yourself in the best position possible to pass the exam on your first try.
It's costly to fail the exam. Why? First, you must pay a fee each time you retake the exam ($275 for members and $375 for nonmembers). Second, think about the opportunity cost. The time you spend studying again (uhug) is time you could have been working and earning more. Third, you may be missing career opportunities and promotions without this certification. Fourth, failing could harm your reputation, particularly if you fail more than once.
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