PMI-RMP Exam Overview

The PMI-RMP exam is for individuals with a professional background in project risk management. The bigger and the more complex your past projects were, the more suited you are for the PMI-RMP certificate. To be eligible for such a certification, you need to meet specific prerequisites as listed below:

1. If you have a secondary degree such as a high school diploma, you also need to have:

• undergone project risk management education for at least 40 hours.
• worked as a project manager for 36 months in the past 5 years;

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Perform Specialized Risk Analyses (14-16%)

• Analyzing the risk data presented during the project utilizing the expert judgment and statistical analyses for defining the weaknesses and strengths of risk strategy & processes, as well as recommending the process changes when indicated;
• Utilizing the advanced techniques and tools to perform the specialized risk analysis for supporting the stakeholder decision for the project.
• Utilizing the specialized qualitative techniques and advanced quantitative tools to measure the characteristics of recognized risks for estimating overall risk exposure of the project;

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Following are some reference material for actual PMI PMI-RMP exam test

Risk Process Facilitation (25-28%)

• Applying the risk assessment tools and processes to determine risk levels and measure stakeholder risk tolerances;
• 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;
• 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;
• Using the scenarios to evaluate the key requirements & dependencies and validate potential risk responses for enhancing the probability of project success.
• Utilizing different techniques to facilitate risk identification for enabling the stakeholders and project team to determine & understand the risk display of 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;

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

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.