PMI PMI-RMP : PMI Risk Management Professional

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Key Details to Know

The PMI-RMP certification exam contains a total of 170 multiple-choice questions, which are to be completed within the allocated timeframe of 210 minutes. The test has a tutorial and a survey that are optional for every candidate. Each of them can take at least 15 minutes of your time. However, this time is not included in the exam time of 210 minutes. 20 questions out of 170 are pretest items, so they do not affect your overall score. These questions are included in the content of this test to legitimize its validity. The computer-based exam is administered by the Pearson VUE testing company and is delivered in the English language only. The exam will cost you $520 if you are a PMI member and $670 if you are a non-member. If you fail the test at your first attempt, you will have the opportunity for two retakes within a 1-year eligibility period. The retake fee amounts to $335 for the members and $435 for the non-members.

The PMI-RMP certificate required renewal every three years. To maintain your certification status, you will need to earn 30 Professional Development Units (PDUs) in the risk management domain with a 3-year period.

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Risk Process Facilitation (25-28%)

• Applying the risk assessment tools and processes to determine risk levels and measure stakeholder risk tolerances;
• Using the scenarios to evaluate the key requirements & dependencies and validate potential risk responses for enhancing the probability of project success.
• Providing the risk data to schedule and cost analysts to assure that project risk is correctly displayed in the schedule and cost estimates for the project;
• Utilizing the quantitative and qualitative techniques & tools to facilitate the evaluation of the project team’s of the recognized risks’ attributes for prioritizing the risks for response planning;
• Facilitating the creation of project emergency reserve according to the risk display of the project to have the resources and capability for responding to the realized risks;
• Facilitating the expansion of the related risk actions and aligned risk response strategy by risk owners from the data found during the risk analysis to ensure defined & timely action when needed;
• Utilizing different techniques to facilitate risk identification for enabling the stakeholders and project team to determine & understand the risk display of the project;

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The potential candidates should know what to expect from the test before they start their preparation phase. That is why they have to observe all the topics of the PMI-RMP exam. All in all, the domains of this certification test are highlighted as follows:

Risk Planning and Strategy (19-20%)

• Producing the risk management plan for the project based on data, such as industry policies and procedures, project information, stakeholder data, and external factors to determine, fund, and staff practical risk management processes for the project that adjust with different project plans;
• Developing the risk assessment tools & processes that measure risk tolerances of a stakeholder to estimate and define the risk minimum for the project as well as determine the standards for risk levels;
• Developing and recommending the project risk strategy according to the project objectives to set the sketch for the risk management plan;
• Establishing the evaluation standards for the risk management processes according to the project objectives and baselines to measure the capability of the project risk process.
• Updating the risk procedures and policies utilizing information to improve the risk management effectiveness;

Reference: https://www.pmi.org/certifications/risk-management-rmp

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