Dear all and good day,
Alhamdulillah, I've passing my PMI-RMP exam last January 2017. Apart from that, the same month 2016, I have passed PMP exam. Every year, I managed to get 1 credential from PMI. Even though, no promotions from my company once I passing every credential, it is okay, because I did it not for something else but for my personal development and satisfaction. We might not to do all just for money right in term of rewards but for long term target. Once you have this kind of credential, you value is increased and for future it will benefit to you. Also, from the thing that I learnt in PMI-RMP, it gave me a lot understanding on managing risk.
This risk management knowledge areas will definitely assist me on daily works that I did for my worked. I will use it in my daily routine works and it helps me a lot honestly. Sometimes i did also promoting this PMI-RMP to my friends, because the more people understanding on the concept and the correct way managing risk, then it will helps the project to complete better to achieve cost, scope and quality that we have planned.
Apart from that for Malaysian, I do suggest below training centre EPM that approved by PMI for your next training or plan to do PMI-RMP credential. They have good system and even do have online exam preparation for me. Please find below my short testimony to them and you may contact Haliza for details.
First of all, I would like to thanks to EPM to give opportunity to take PMI-RMP course with EPM. It is my second course with EPM after the PMP Boot Camp course. It is great to deal with this institutions since it is provide good supporting during my inquiry for any course conducted and the staffs also very helpful.
I attended the PMI-RMP course in 2016, and for my application, PMI did some random checking on my application which EPM did assist on the documents require to send to PMI (hardcopy). Finally my application approved and can start plan for examination date. In general, the book that I referred most is the one provided during course by EPM and training pack as well.
I do a lot of study for this exam, and do a few times exercise for the same examination questions to gauge my understanding. Which at first most of my score mark either exam via EPM website or sample questions bank by EPM, the result below 75%. But a month before the exam, the same question, I managed to score above 90%. By the time, it has built my confident to ready for the exam.
In summary for exam prep for PMI-RMP :
1. Study all chapter in the Risk management.
2. Understanding the concept and its application.
3. A lot of questions regarding Monte Carlo, thus require to do a lot of study in this chapter.
4. Take a rest a few days before exam since you will require a lot of focus during 3.5hr exam.
In general from oil and gas industry, I do recommended EPM as good training provider. You may follow this link for details http://empowerpm.com/.
Thanks.
Hj Sahir Ahmad, PMI-RMP, PMP
Posted on: February 11, 2017 06:35 PM |
Permalink
Markus Kopko
AI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM
AI Coach| PMotion.ai
Hamburg, Hamburg, Germany
HellO Sahir,
congratulations for becoming a PMI-RMP.
If somebody asks me for guidance to become a RMP i always provide my 5 steps plan as following; would be great if you could do a little review and provide me feedback if you would change/add something:
Getting PMI-RMP� Certified in 5 Steps:
PMI Risk Management Professional (PMI-RMP)� Certification
The Project Management Institute Risk Management Professional (PMI-RMP)� certification is dedicated to specializing in project risk management and so target primary already project risk managers or people who wants to become one. Nevertheless any project managers could highly benefit from this certification and it is a good complementary for already PMPs for instance.
The PMI Risk Management Professional (PMI-RMP)� highlights your ability to identify and assess project risks, mitigate threats and capitalize on opportunities. In this capacity, you enhance and protect the needs of your organization.
Who Should Apply?
If you have advanced knowledge and experience in risk management, or if you are a project manager focused on project risk management, including for large projects and/or complex environments, then the PMI-RMP� is an excellent choice for you.
You will need to study Chapter 11 of the Guide to the Project Management Body of Knowledge (PMBOK� Guide), and other sources to prepare for the exam.
Here are the stops how to:
Step 1: Get familiar with the basic resources:
" Review the PMI-RMP handbook ( https://goo.gl/Rss4cV )
" Review the Exam Content Outline (https://goo.gl/XESbYQ )
The PMI-RMP has 170 questions; 150 are scored and the others are pretest questions. The exam is split among PMIs Five Domains of Risk Management, which are:
o Risk Strategy and Planning:
19-20 percent. Concerns tasks and processes for selecting and developing risk management procedures and tools, producing the risk management plan, and setting procedures for evaluating risks and updating the risk management plan. Be familiar with the parts of the risk management plan, especially its inputs.
o Stakeholder Engagement:
19-20 percent. Activities related to getting stakeholders and project team members on board with risk management. These tasks are important to develop a team-wide, and even organization-wide, commitment to risk management. Be familiar with risk communication procedures, enterprise environmental factors and organizational process assets, and risk tolerance evaluation.
o Risk Process Facilitation:
25-28 percent. Activities related to executing the risk management strategy. Be familiar with qualitative and quantitative risk analysis tools and techniques, estimating probability and impact, and developing contingency reserves.
o Risk Monitoring and Reporting:
19-20 percent. Activities related to evaluating risk response against data gathered, updating stakeholders and the project team on risks, and continuously improving risk management. Be familiar with data gathering and management techniques and communications management.
o Perform Specialized Risk Analyses:
14-16 percent. Activities related to advanced risk identification, analysis, and tools and techniques. Be familiar with statistics, especially concerning interpreting quantitative and qualitative data, and with building representative risk models.
" Review the Practice Standard for Project Risk Management. (https://goo.gl/HI3QQV )
" Enroll in a formal study course offered by PMI chapters or accredited Registered Education Providers (R.E.P.s). You can also review self-study books published by R.E.P.s and other reputable training organizations.
" Review the latest edition of A Guide to the Project Management Body of Knowledge (PMBOK� Guide); primarily chapter 11 (https://goo.gl/DCNxPQ )
Step 2: Start with PMBOK� Guide but be prepared to move beyond
Chapter 11 of the PMBOK� Guide deals with Project Risk Management and is an excellent resource for each of the items that is on the exam.
Additional chapters from the PMBOK� Guide that will be helpful in your study include Stakeholder Management (Chapter 13), Communication Management (Chapter 9) Human Resource Management (Chapter 10) Quality Management (Chapter 8) and Procurement Management (Chapter 12).
Study additional sources to supplement the PMBOK� Guide. A good source therefore might be PMIs reference list (Reference List ). Here are our recommendations what to study at least::
" Practice Standard for Project Risk Management (PMI) which goes further into risk management processes (free for PMI members!). (https://goo.gl/HI3QQV )
" PMI-RMP: Risk Management Professional Exam Preparation Study Guide; Paperback February 14, 2011 by Vanina Mangano (Author), Al Smith Jr. (Contributor) https://goo.gl/xQSqdp and/or
" Risk Management Tricks of the Trade for Project Managers PMI-RMP Exam Prep Guide by RMC Publications https://goo.gl/pauMBs
and/or
" Passing the Risk Management Professional (PMI-RMP)� Certification Exam the First Time! by Dog Ear Publishing, LLC https://goo.gl/AYxQZV
" PMI-RMP Exam Success Series: Flashcards April 22, 2013 by MBA, CAPM, Project , CSM, CCBA, PMI-SP, PMI-RMP, PMI-ACP, PMP, PgMP Tony Johnson (Author, Editor, Illustrator)
https://goo.gl/wXycKw
Step 3: Took a RMP preparation course and get your required 40/30 contact hours of training.
Step 4: Finalize your study and preparation. Quiz yourself using flashcards and study tables, review your notes from class, and take lots of practice exams.
" PMI-RMP Exam Success Series: Flashcards April 22, 2013 by MBA, CAPM, Project , CSM, CCBA, PMI-SP, PMI-RMP, PMI-ACP, PMP, PgMP Tony Johnson (Author, Editor, Illustrator)
https://goo.gl/wXycKw
Step 5: Take the exam and earn your PMI-RMP�!
Thanks in advance, regards,
Markus
Dear All,
I am very happy to share that I have passed PMI-RMP exam.PFB my lesson learnt along with FAQ.
" Is the exam standard is tougher than PMP?
-Yes,It is tougher than PMP.Queston standard was harder in RMP w.r.t to PMP.
" How much time ideally it should take to prepare for RMP?
-I think 2-3months time is sufficient provided weekly 12hours study can be done.(I assume that the candidates are already PMP certified).
" How was the Question patterns & hot topics of RMP exam?
� Maximum Question of the exam will be full of text. It is very important to develop the skill to read the lengthy question within 30seconds & to understand the scenario of the question in one go.
� There will be many questions(more than 50%) having incomplete information to judge your clarity of concept in Risk Management.
� We can expect questions from EMV,Contingency reserve & Make/buy analysys.
� We can expect questions from Monte Carlo simulation.Exam candidates only need to read the graphs only, no detailed knowledge on methodology is required.
� ITTOS of Risk,Communication & Stakeholder management to be understood very well(not memorize) as chances of direct questions will be very less.
� We can expect indirect questions on risk management exam outline.
� Exam will have more situation based question in comparison to PMP.
� We can expect indirect questions from Critical success factors
� We can expect questions from PERTS,EMV,Schedule compression, Motivation Theory,Different organization structure,Types of contract.
" Few new topics included-
� Neuro-linguistic Programming(only basic definition & concept)
https://www.selfgrowth.com/articles/nlp-rapport-building-techniques
� Utility Function
http://www.economicsdiscussion.net/articles/utility-theory-and-attitude-toward-risk-explained-with-diagram/1384
� Difference between Latin Hypercube & Monte Carlo Simulation
� Crystal Ball Simulation
" Resources used for study:
� PMBOK Version-5
� PMIPracticeStandardforProjectRiskManagement
� Tricks of the Trade-Rita Mulcahy
" Recommended Simulation Exam package:
� https://www.exam-labs.com/exam/PMI-RMP (my rating--7/10)
� https://www.udemy.com/pmi-rmp-real-practice-exams/ (my rating--9/10)
" Strategy:
� 1- Read the Practice Standard for Project Risk Management and PMBOK5 CH11 four times.
� 2- Read the Exam Content Outline many times until understanding perfectly.
� 3- Read Communication Management PMBOK CH10 and Stakeholders Management PMBOK CH13 two times.
� 4- During the reading of the materials solve simulation for refreshing the knowledge as well as to avoid forgetting.
� 5- Practice Standard CH1,CH2 and CH3 are important chapters to know the risk concepts, don't listen to anyone saying not important for exam.
� 6- ITTOs For the PMBOK (CH10,CH11,CH13) save it in your mind with perfect understanding of the contents.
� 7- Critical success factors for project risk management and the six processes
� save it in your mind with perfect understanding of the contents in the Practice Standard.
� 8- Control Risk process very important. Each word in the Control process equal one question.
� 9- Save the five points of the Status Meeting in your mind, Available in the last pages of the Practice Standard.
� 10- Appendix D very important ,you have to know and understand the definitions of all tools as well as you have to know the tools of each process.
� 11- Role of the project manager very important in Practice Standard Ch2.
� 12- Lessons Learned very important, you have to know what and when to update, available in Control process.
� 13- Risk Response plans very important.
� 14- Difference between Contingency and Management Reserves.
� 15- Attitude, appetite, tolerance, threshold and Attitude types very important.
� 16- Probability and Impact matrix.
� 17- Strategies for Positive and Negative risks.
� 18- You have to know in which process you are, as well as the next process.
Lastly,make a schedule and work out how much time you need for each subject.Dont take much stress for the exam as practice makes perfect.I think exam stress is perfectly normal in fact, a little bit of stress can be a positive motivator.All the best to the PMI-RMP aspirants.
Thanks & Regards,
Sayan Roy Choudhury, PMP�, RMP�,PM-Expert,GB(IASSC)
Community Champion
