What is PMI-RMP An Overview
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IF you want to excel in project management field as Certified Risk Management Professional, it is presentation for you. This presentation may provide you answers to most common questions around PMI-RMP Certifications. What is PMI-RMP? Can I have Multiple PMI Certifications? How to get PMI-RMP? What is the requirement of PMI-RMP Exam? How to Apply for PMI-RMP? What are Benefit of PMI-RMP Certification? Is PMI-RMP good for Me?, Is it worth doing PMI-RMP? What is PDU?, Where I can Get Help for PMI-RMP? You will get a complete roadmap leading to PMI-RMP Certification. For PMI Certification Videos PMP Certification - An Overview 2021: https://youtu.be/sCOiDfMotl4 CAMP Certification - AN Overview 2021: https://youtu.be/cBv1jL0mtiI PMI-SP Certification – An Overview: https://youtu.be/hKjqcM53sRg PMI-RMP Certification – An Overview: https://youtu.be/ggH2I7F6DFg CONNECT IPD:➤ Visit IPD Website : https://www.theipdtraining.com Join IPD on Facebook: https://www.facebook.com/theipdtraining Join IPD on Twitter: https://twitter.com/IpdTraining Join IPD on Instagram: https://www.youtube.com/watch?v=sCOiDfMotl4&t=0s Watch IPD on YouTube: https://www.youtube.com/watch?v=sCOiDfMotl4&t=0s Email Us: theipd.training@gmail.com
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What is PMI-RMP An Overview
- 2. Welcome to IPD Video Series
- 3. PMI® CERTIFICATIONS New Agile Certification Series Certified Associate in Project Management CAPM® Program Management Professional. PgPM® Portfolio Management Professional. PfPM® PMI – Professional in Business Analysis PMI-PBA® PMI – Agile Certified Practitioner PMI-ACP® PMI – Risk Management Professional. PMI-RMP® PMI - Scheduling Professional. PMI-SP® “PMI”, “PMP”, “CAPM”, "(PMI-SP”, “PgPM”, “PfPM’ “PMI_PBA” “PMI-ACP”, “PMI-RMP” are marks of Project Management Institute, Inc.
- 4. Understand Know Make Decision Track Aware • What is PMI-RMP • Eligibility Requirement • Is PMI-RMP Right Choice? • Application Process & • Exam Process • Certification Maintenance OUTLINE
- 5. WHAT IS PMI-RMP® Certification Awarded to Qualifying Candidates Internationally recognized popular risk management certification Applies to various disciplines, sectors, and industries. Affirmation of Individual’s specialized knowledge in Risk Management Project Management Institute – Risk Management Professional
- 6. PMI-RMP® CERTIFICATION GROWTH N… 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 588 1,195 1,805 2,584 3,003 3,443 3,886 4,540 5,051 5,591 6,803 7 Years AVERAGE ANNUAL GROWTH
- 7. WHO ARE PMI-RMP® ? They possess basic and practical application of Project Management Knowledge areas. Demonstrate unique expertise and competency in specialised area project risk management Skilled to Identify, assess, Analyze Risk and Plan Risk Response Monitor, Track, and Control Risk . Contribute to project as a subject matter expert in Risk Management www.theipdtraining.com
- 8. BENEFITS OF PMI-RMP® CERTIFICATION Global Recognition Career Development Advance Risk Management Knowledge & Skills Increased Value to Employer
- 9. PMI-RMP® – IS RIGHT CHOICE FOR ME? Seeking specialized Knowledge of Risk Management. Professional Dev. Invest time, money, and put hard work Willingness Is PMI-RMP for ME? Multiple Certifications Compliment Existing Certification. Compliment Distinguish among peers as Risk Management Professional Recognition
- 10. PMI-RMP® CERTIFICATION - ROADMAP Meet Eligibility Application Process Prepare/ Pass Exam Celebrate Maintain Certification Pre-Exam (Eligibility) Exam Post-Exam (Maintenance)
- 11. PMI-RMP® CERTIFICATION – ELIGIBILITY CRITERIA Education Risk Management Experience Risk Management Training 11 www.ipdtraining.com
- 12. PMI-RMP® ELIGIBILITY – EXPERIENCE & TRAINING REQUIREMENTS •Non-Overlapping •Project Risk Management •Last 5 Consecutive years Education Experience Training Secondary Diploma 36 Months 40 Contact Hours Degree 4-years 24 Months 30 Contact Hours Post – Graduate 12 Months 30 Contact Hours 1 Contact Hour = 1 Hour of Classroom Instructions
- 13. WHERE TO GET - PMI-RMP® TRAINING Employer PMI Authorized Training Partner Training Company/ Consultants College/University Continuing Education (CE) Contact Hours Hours per week= 4 Number of Weeks=10 College/University Academic/CE Course PMI does not make it mandatory, training from any specific resource 4 0
- 14. PMI-RMP® CERTIFICATION - APPLICATION PROCESS Contact Information Education Risk Management Experience Risk Management Training SUBMIT
- 15. PMI-RMP® APPLICATION PROCESS - EXAMINATION FEES PMI-RMP® Exam Fee PMI® Member US$ 520 PMI® Non- Member US$ 670 What is PMI Membership Fee? • US$ 129 Do I need Member of PMI to apply? • No
- 16. PMI-RMP® – SUMMARY APPLICATION PROCESS Fill on-line Application and Submit Application Review Online - 5 Days Pay Fee Audit – If selected Randomly Approval Eligibility ID Move to Exam Process
- 17. CAPM® EXAM PROCESS Computer Based Testing (CBT) • At Pearson VUE Test Center Online Proctor Testing (OPT) • Not Available Schedule Exam within a year Three Chances to Appear To Schedule go to PMI Web Directed to Pearson VUE Web
- 18. PMI-RMP® EXAM - PREPARATION 18
- 19. PMI-RMP® – EXAM QUESTIONS BREAKUP • 19-20 % • 32-34 Questions Risk Strategy and Planning • 19-20 % • 32-40 Questions Stakeholder Engagement • 25-28 % • 42-47 Questions Risk Process Facilitation • 19-20 % • 32-34 Questions Risk Monitoring and Reporting • 14-16 % • 24-27 Questions Perform Specialized Risk Analysis
- 20. PMI-RMP® EXAM PROCESS Exam available in English language only. Exam Time 210 Minutes (3.5Hours) 170 Questions: Graded 150. Question Types: Multiple Choice Performance Report available immediately after exam
- 21. PMI-RMP® – WHAT YOU GET ON PASSING EXAM Digital Badge Elegant Certificate Name in PMI Online Credentials Registry Add PMI-RMP with your Name
- 22. PMI-RMP® – MAINTENANCE Get 30 PDU 3 Year Cycle Pay Renewal Fee Get Renewal Certificate PDU = Professional Development Unit One Hour of Learning Education Activates (18 PDU) Giving Back (12 PDU)
- 23. CONCLUSION Research Self Assessment Apply Prepare Pass Exam PDUs “PMI”, “PMP”, “CAPM”, "(PMI-RMP”, “PgPM”, “PfPM’ “PMI_PBA” “PMI-ACP”, “PMI-RMP” “PMBOK” are marks of Project Management Institute, Inc.
- 24. PMI-RMP® HELP Decision Making & Support Assess PMI-RMP® Exam Eligibility Fill Application Form PMI-RMP® Exam Preparation www.theipdtraining.com
Editor's Notes
- Welcome to the International Professional Development video series on project management.
- If you are interested to explore advanced career options in Project Management, you would like to watch this PMI Certifications series. Our today video in the series is on PMI-RMP Certification. Make sure to click; Like, Subscribe and the Bell icons to watch other PMI certification videos and receive upcoming videos. .
- If you watch this video to end you will be able to: Understand meaning of PMI-RMP, Know the Eligibility Criteria for PMI-RMP, Make Decision; Is PMI-RMP a right Choice?, Track the PMI-RMP Application and Exam Process, and become Aware of Certification Maintenance Requirement.
- What is PMI-RMP? PMI-RMP stands for ‘Project Management Institute – Risk Management Professional’ . It is One of the PMI certifications awarded to qualifying candidates who meet certain requirements and pass an examination. PMI-RMP is internationally recognised and popular certification in risk management PMI-RMP certification applies to projects of various disciplines, sectors, and industries and transferable across geographic boundaries. PMI-RMP is Affirmation of Individual specialized knowledge in Risk Management.
- Graph on screen shows growth of PMI-RMP designation holders over the last ten years. PMI-RMP credential holders numbers indicate an average annual growth of 15% over the last seven years. Most importantly, these PMI-RMP credential holders are spread over 200 countries across the world. The growth in numbers displays the popularity, interest and confidence of professionals and employers in PMI-RMP certification.
- Who are PMI-RMP? and what they do? PMI-RMP designation holders do possess basic and practical application of Project Management Knowledge Areas. However, they also demonstrate unique expertise and competency in specialised area project risk management They are skilled to; Identify, assess, analyze Risk, and Plan Risk Response accordingly. They Monitor, Track, and Control Project Risks. Overall, they Contribute to project success as a subject matter expert in Risk Management.
- Benefits of PMI-RMP PMI-RMP certification has a Global Recognition. It is a great Career development tool, adds value to resume, broadens job Opportunities, and Higher earning potentials. Certification enables to learn and apply advanced level Risk Management knowledge and skill. It certainly provides added Value to employer organization and raises customer confidence. More organizations are relying on certified professionals for project controls and managing risks.
- You might have a question by now. Is PMI-RMP right choice for Me? Following self-analysis can help you make an informed decision. Are you are motivated towards professional development; enhance your project management skills and in specialized risk management area. . Are you interested in multiple certifications, or already have a PMP or other certification then PMI-RMP can compliment your existing certification. Do you want recognition and distinguish yourself among peers as Certified Project Risk Management Professional. Are You willing to invest time, money and put some hard work. If answers to these questions is in positive , then yes, it is an excellent move to pursue PMI- Risk Management Professional Certification Path and bring a positive change in career.
- How to get PMI-RMP? Here is the Roadmap leading to PMI-RMP Certification. We may divide the Roadmap in three phases: 1. Pre-Exam, 2. Exam and 3. Post Exam. In pre-Exam phase, candidates do a self assessment, to see if they meet, the eligibility criteria. Once eligibility criteria is met, candidates can move to the application process. Subject to approval of application, candidates enter second phase where they can prepare and sit in the Exam. After passing the exam, candidate celebrate and become PMI- Risk Management Professional. Third phase pertains to maintenance of the certification for rest of the career.
- Let us talk the PMI-RMP Certification eligibility criteria for self assessment. Eligibility Criteria is based on three major items: 1. Education, 2. Risk Management Experience and 3. Risk Management Training.
- PMI-RMP Experience Requirement is dependent on candidate’s education. Secondary School Diploma, or Associate Degree, holder candidates, must show 36 months of Project Scheduling Experience before they apply for certification. For 4 years Bachelor's degree holders, the scheduling experience requirement is 24 months, and for Post Graduate degree or Master’s degree holders it is 12 months. The experience must demonstrate a non-overlapping work of project scheduling over the last 5 consecutive years. Formal Project Risk Management training requirement is 40 Contact hours for Secondary School Diploma or Associate Degree Holders, while for undergraduate and post graduate degree holders is 30 Contact Hours. One Hour of Classroom Instructions equals one contact hour.
- Where to get PMI-RMP Training? Requisite Project Risk Management Training can be received from employer organization, PMI Authorized Training Partner or PMI Registered Education Provided, A training company/consultant, A university college academic course or a continuing education course. If you have completed a continuing education course from college or university, and class Schedule was 4 hours per week for 10 weeks, it means you would record 40 contact hours. PMI does not make mandatory any specific course or resource.
- What next, If self assessment determines meeting the eligibility criteria of Experience and Training based on education level. Next step is to start application process. Candidates must fill the online application form on PMI website to record: Contact Information……….. Education background…….Project Risk Management Experience and Project Risk Management Trainings received, and click Submit. Once application is processed PMI will ask candidate to pay the exam fee online.
- PMI-RMP Exam Fee varies based on candidate PMI membership status. For PMI Members fee is US$ 520, while for non-members it is US$ 670. PMI membership fee is US$129 a year. To apply for PMI-RMP Certification, Candidate don’t have to be Member of PMI.
- To summarize the application process, Candidate fill and submit on-line application on PMI website and record education, experience and training. Normal review process period of application is 5 days. However, it may take longer if application is selected randomly for audit. During the audit candidate may be asked to verify the information provided in the application. Once application review is complete, pay exam fee. Upon approval candidate gets an Eligibility ID, which is the KEY to move to Exam process.
- PMI-RMP Exam is conducted as Center Based Testing or CBT, In it … candidate sit in the exam at a local Pearson VUE Testing Center. Online Proctor Testing or OPT, is not available yet for PMI-RMP Exam. From the date of issue of Eligibility ID, candidate has one year period to schedule an exam, and have three chances to appear. To Schedule an Exam you go to PMI website and it redirects to Pearson VUE website.
- After scheduling exam, it is time to prepare Exam. For Exam Preparation you may consider, review and study following documents. PMI Risk Management Professional Handbook. PMI Risk Management Professional Examination Content Outline. Project Standard for Risk Management, and A Guide to Project Management Body of Knowledge or called - PMBOK Guide.
- PMI-RMP Certification exam follow the content outline. Percentage of Exam Questions breakup among Five Domain areas is as under; Risk Strategy and Planning 19-20% which translate into number of questions 32-34, based on 170 questions. Stakeholder Engagement 19-20% or 32-34 questions, Risk Process facilitation 25-28% which means 42-47 questions, Risk Monitoring and Reporting 19-20% or approximately 32-34 questions Perform Specialized Risk Analysis 14-16% means 24-27 questions.
- PMI-RMP® Exam is Available in English language only. Exam Time is 21 Minutes or three and half hours. Exam consists of 170 questions, out of it only 150 questions are graded. Format of Questions asked is multiple choice Exam performance report is immediately available after close of exam. Candidates receive a printed copy of your preliminary test results, along with an overall pass/fail status,
- Once Exam is Passed, you may refer yourself as PMI-Risk Management Professional certification holder and celebrate. Upon passing exam get an elegant certificate; a digital version of certificate can also be downloaded from PMI website. You may also get digital badge from PMI partner company ‘Acclaim’. Share badge on LinkedIn or Embed in your email signature. The online Certification Registry automatically lists names of PMI’s certification holders. This feature allows search and verification of certification holder. You are authorized to use the PMI-RMP designation in block letters after your name on business cards, personal letterhead, resumes, and websites and in your email signature.
- Once pass the exam, next follows maintenance phase. PMI-RMP credential holders must earn 30 Professional Development Units (PDUs), in three-year period. Pay Renewal Fee and get a Renewal Certificate for next three years cycle. PDU stands for Professional Development Unit One hour of learning accounts to one PDU. These PDUs can be earned in a variety of ways, such as; . Education Activities: Continuing education classes, webinars, etc. Maximum in limit in this category is 18 PDUs. And by Giving back to community as working in profession, volunteering and creating knowledge. Max you can record in this category is 12 PDUs
- To Conclude 1. Research well the options for career progression. 2. Do a self assessment based on education, experience and training. 3. Submit application for exam, 4. Upon approval of application, prepare well and 5. Pass the exam. 6. After passing maintain the certification by earning Professional development units. Good Luck
- If you need further information or help, IPD can help in Decision Making, Assessing Eligibility Fill application and Exam Preparation