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FAQ for the PMI Risk Management Professional (PMI-RMP)

Number of View: 1707
Q. Is there a new credential in project risk management?
A. PMI is offering a new credential for those that practice project management in
the risk specialty area: PMI Risk Management Professional (PMI-RMP)SM. Q. Who should apply for the PMI-RMP credential?
A. Individuals who spend a majority of their time managing project risk for a
project management plan should consider applying for this specialty
credential.

Q. Why should I pursue the PMI-RMP credential?
A. Project risk management practitioners provide expertise in the specialized
area of assessing and identifying project risks along with plans to mitigate
threats and capitalize on opportunities. Project risk management
professionals should be recognized for their knowledge, skills and experience
in this specialized area of project risk management.

Q. Do I have to be a PMI Member to pursue the PMI-RMP?
A. No. Candidates do not have to be a PMI member. However, since different
fee structures apply for members and non-members, it is beneficial to
become a member.

Q. Is there a pre-requisite credential (e.g., CAPM or PMP) I must attain first
before applying for the PMI-RMP?
A. No. The PMI-RMP is a stand-alone credential offered as part of PMI’s family
of credentials.

Q. Is there an incentive period for the PMI-RMP examination?
A. Yes. The first 100 candidates, who are approved, have submitted payment,
are scheduled and sit for the examination before 31 October 2008 will receive
50% off the price of the exam. This will be conducted as a refund.
Candidates will also be entered into one of four regional drawings (NA,
EMEA, LA and AP) for a chance to win $1,000.00 (US). Candidates must sit
for the examination by 31 October 2008 to take advantage of this
promotion.

Q. If I’m one of the first 100 candidates who sit for the PMI-RMP
examination by 31 October 2008, when will I receive my score?
A. Candidates who sit for the examination by 31 October 2008 will not receive
their scores immediately. PMI will be determining the pass/fail score (cut
score) during this incentive period. As soon as the cut score is determined
(within a 60 – 90 day timeframe), candidates will be notified immediately. Until
that time, communications will be sent to candidates to keep them apprised of
where PMI is in the cut score determination process.

Q. If I already have another credential from PMI, can I still pursue the
PMI-RMP?
A. Yes. The PMI-RMP is a stand-alone credential. The family of credentials PMI
is offering — CAPM, PMP, PgMP, PMI-RMP, PMI-SP — are all independent
of one another. If a candidate chooses to obtain multiple credentials from PMI
Family of Credentials, the candidate must ensure that he or she meets the
requirements of each credential.

Q. What’s involved in getting the credential?
A. Candidates must successfully complete the following:
• The initial evaluation occurs through an application review (including
education and experience requirements). The application will be reviewed
and approved or denied within five days of receipt. PMI may select any
application for audit to verify any aspect of the application (payment is
submitted with the application and required prior to audit). Approval of the
application, along with receipt of payment, will allow the candidate to
pursue the next step to take the multiple-choice evaluation examination.
• Payment must be submitted with the application and received by PMI.
• The multiple-choice examination is the second evaluation. During the
examination, candidates will be called upon to demonstrate their ability
to apply knowledge to a variety of situational or scenario-based
questions.
• Upon passing the examination evaluation, candidates will earn the
PMI-RMP.

Q. How can I apply for the PMI-RMP?
A. The application is available online. You also have the option to download the
application, fill it out and send it to PMI via postal mail. Please note: Any
missing information will result in a delay in processing.

Q. What supporting documentation should I send with my application?
A. When submitting an application, you do not need to send any documentation.
However, PMI does use a random audit process to verify candidate
applications. If your application is selected for an audit, you will receive
notification via e-mail as well as a letter via postal mail with the instructions
and forms needed to complete this requirement.

Q. What are the eligibility requirements for potential PMI-RMP candidates?
A. Specific eligibility is as follows:
• With a bachelor’s degree or global equivalent have:
• 30 contact hours of formal project risk management education
• Within the past five years, a minimum of 3,000 hours of experience in
project risk management
OR
• With a high school diploma or global equivalent have:
• 40 contact hours of formal project risk education
• Within the past five years, a minimum of 4,500 hours of experience in
project risk management

Q. What must I know to complete the multiple-choice examination?
A. The examination is administered globally, via computer-based testing. In
areas of the world where computer-based testing is not available, paperbased
testing will be made available.
Applicants who pass the application review are eligible to take the multiplechoice
examination. The eligibility for the examination period is one year.
The examination consists of 170 multiple choice questions. Candidates will be
given three-and-a-half hours to complete the examination. While candidates
need to answer all 170 questions, scoring will be based on 150 questions
only; 20 undisclosed pre-test (un-scored) questions will be dispersed
randomly throughout the examination.
During the eligibility period, the candidate may take the multiple-choice
examination up to three times. Candidates should gauge their time carefully
to leave enough time during the eligibility period to retake the examination, if
needed. PMI will collect examination retake fees for candidates making
second or third attempts to pass the examination.

Q. What happens if my eligibility expires and I have not taken the exam?
A. Candidate applications are valid for one year from the date of application
approval. If a candidate allows his or her eligibility to lapse, he or she must
re-apply.

Q. If I fail the exam, can I take it again? If so, when can I take it? How many
times can I take the exam?
A. Yes. After successful processing of the application, candidates are granted a
one-year eligibility window. Candidates will have a maximum of three
attempts to receive a passing score on the PMI-RMP examination within the
one-year eligibility period. After the third unsuccessful attempt, candidates will
have to wait one year before re-applying for the credential and retaking the
examination. Candidates must submit a re-examination form before each
attempt along with the re-examination fee.

Q. What happens after I pass the exam?
A. After you pass the exam, you may immediately use the credential after your
name (for example, John Doe, PMI-RMP). Your name will also appear in the
PMI Online Registry. Credential holders will receive a package of
information with a certificate, letter and credential holder card in the mail.
Please note: It usually takes about 6-8 weeks to receive your credential
package from PMI.

Q. Where will the examination be given?
A. The PMI-RMP examination will be offered globally at Prometric Testing
Centers that offer other PMI examinations. Candidates can schedule the
examination upon receiving the eligibility notification and having submitted the
examination fee. Refer to the Prometric website for more information,
including scheduling. (www.prometric.com)

Q. How should I study for the multiple-choice examinations?
A. To prepare for the examination, PMI suggests
• Review the PMI-RMP Handbook
• Review the PMI-RMP Examination Specification
• Review A Guide to the Project Management Body of Knowledge
(PMBOK® Guide) – Third Edition
If you have not completed a course containing Project Risk Management
concepts, PMI recommends you do so. Educational programs are offered
through a variety of providers including:
• PMI component organizations (chapters, SIGs, colleges)
• PMI Registered Education Providers (R.E.P.s)
• University and college academic and continuing education programs
• Training companies or consultants
• Employer or company sponsored-programs
• Distance learning providers
• Study groups (e.g. local chapter study groups)

Q. Will the examination be available in translations?
A. Not immediately. Translations will be considered at a future date.

Q. What is the Continuing Certification Requirements (CCR) program?
A. In order to satisfy CCR program requirements and maintain an active
credential holder status, individuals who have attained the PMI-RMP
credential must accrue and report a minimum of 30 professional development
units (PDUs) during each three-year CCR cycle.
The credential holder needs to complete an Application for Certification
Renewal, remit payment of the renewal fee, and reaffirm the appropriate
Code of Professional Conduct. For more information on the CCR program
and how to report PDUs, please refer to the CCR Handbook.

Q. What are the Continuing Certification Requirements (CCR) for this
credential?
A. PMI-RMP credential holders are required to attain no less than 30
professional development units (PDUs) during each three-year renewal cycle.
Please Note The Following:
• The 30 PDUs in project risk management can also be counted towards the
maintenance of the PMP® or PgMP® credential(s)
• If a project risk management practitioner is taking general project
management classes, only the hours that pertain to project risk
management can be applied towards the PMI-RMP credential

Q. Will this new credential dilute the PMP credential?
A. No, PMI’s credentials reflect different roles, and therefore, different
candidates. Please visit the Our Credentials section of our Web site for
additional clarification on the differences among PMI’s credentials.

Q. What is the fee for PMI-RMP credential examination?
A. The RPI-RMP credential examination fee for PMI Members is US$520.00 /
EURO430.00. The fee for non-PMI members is US$670.00 / EURO 555.00.

Q. When will the credential be available?
A. The PMI Risk Management Professional (PMI-RMP) is available now. The
first 100 people to apply and sit for the examination will receive 50% off the
price of the exam. This will be conducted as a refund. Candidates will also be
entered into a regional drawing (NA, EMEA, LA and AP) for a chance to win
$1,000.00(US). PMI will give away $1,000.00 (US) in each region. Candidates
must sit for the examination by 31 October 2008. For more information on the
PMI-RMP credential, click here.

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