Should I Go for the PMI-RMP Certification Exam?

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A thought might come to your mind after passing the PMP exam. Do you want to get the PMI-RMP Certification? Is it worth the cost?

This question is often asked by professionals who recently passed the PMPs. This is a natural question, as the PMI-RMP certification is what they are most interested in.

There may be other reasons.

You've been studying for the PMP exam. It is over. You were able to pass the PMP exam and start a new project. You are now free to look for another project and are considering applying for the PMI RMP exam.

Should you take the PMI-RMP exam?

If you are interested in risk management, this certification is for you. This certification will enhance your performance and improve your career prospects.

This certification is also available to those who are involved in project management or are interested in pursuing a career as a risk manager.

How is this certification valued by the industry?

This is an industry-recognized certification, and I've seen it in action. When you update your CV with the PMI RMP credential, you will receive more interviews.

If you search any job portal looking for risk management positions, you will see that many employers recommend this credential. Some even make it mandatory. This is a testament to the importance of this certification.

A few years ago, PMP certification holders weren't common and many organizations were content to just have them. Organizations are becoming more cautious. Failure to complete a project is costly and organizations want to avoid it. To manage the risks associated with their projects, they prefer PMI RMP certification holders to non-PMI RMP certification holders.

We hope you have found the answers to your questions and are now able to make a decision about whether or not you want to get the PMI RMP certification.

If you're interested in PMI-RMP certification, the following information will help.

Eligibility

A secondary degree (high school diploma) or equivalent will require you to have at least 4,500 hours of experience in project management. You must also attend 40 hours of formal training in project risk management.

A four-year degree (bachelor’s degree or equivalent) requires you to have at least 3,000 hours of experience in project risk management. You must also attend 30 hours of formal training in project risk management.

Exam Fee

PMI members pay 520 USD, while non-members pay 670 USD.

PMI's membership fee is 139 US Dollars. This means that if you join PMI and then apply for the PMI RMP exam, you will be able to save 11 USD. You should consider a PMI membership to save money on the exam.

Exam

PMI-RMP exams consist of 170 multiple-choice and 20 pretest questions. These pretest questions do not add to your final score, but they are used to verify the validity of any future questions. These questions are not easy to distinguish so you need to be able answer all 170 questions.

Exam time is 3.5 hours. There is no scheduled break. The exam length does not include a break.

CCR Cycle

The PMI-RMP certification is valid for three year. To renew your PMI-RMP certificate for a third year, you will need to earn 30 PDUs on risk management topics.

The Benefits of a PMI RMP Certification

According the 2015 PMI Pulse of the Profession Edition findings:

Only 49% of low performers practice risk management, while 83% of high-performing organizations in project management are highly successful. It has a huge payoff: High performers achieve their goals 2.5x more often than lower performers and spend 13 times as much money.

Organizations can achieve this certification to be more efficient. This certification helps organizations be more proactive in managing risk, reduces unexpected losses and minimizes risks. It increases trust and confidence in your organization and your stakeholders.

Summary

The PMI-RMP certificate is the most well-known certification in risk management. It validates your knowledge and experience. This certification will enhance your skills and make you more employable. If you are involved in risk management, We recommend that you apply for PMI-RMP certification.

We would love to hear your comments.