Project Management Institute Certifications

Below are the certifications offered by PMI institute. We will talk about PMI-ACP here.

A business environment is dynamic in nature and in order to capitalize on the business opportunities or to mitigate the risk factor involved in a project, the firms practice risk management. PMI Risk Management Professional (PMI-RMP) certification instills the required analytical skills in a professional to practice risk management as and when required by the project management.

Average Annual Salary Range For PMI-RMP

USA : $118,000 Per Year (Source)

India: 10,00,000/- INR Per Year (Source)

Who Should Apply For PMI-RMP?

The Project Management industry relies on the expertise of various professionals to scrutinize the market opportunity and accomplish organizational goals. Risk Management is one of the crucial aspects and can use the experience of a professional. PMI-RMP certification is responsible for proving such an expertise and management competence and anyone whose job description aligns with the same shall get this certification.

Benefits of Doing PMI-RMP

  1. Improvement in Project Success Rate
    Many firms struggle due to a lower project success rate of about 30-45%. With a PMI-RMP certified practitioner, this rate can be improved in no time. Hence, an RMP is an asset to the firm.

  2. Boost in Career
    With PMI-RMP certification, a professional experiences a boost in the career opportunities accompanied with handsome pay. This is certainly because the firms are increasingly moving towards intricate project management.

Preparation Cost of PMI-RMP

The overall cost for the certification depends upon the PMI membership status of the candidate. Moreover, it is also dependent upon whether it is a center-based test or a paper-based test.

Examination Fee

Center-Based Testing (CBT)/ Paper-Based Testing (PBT)

US$520.0 (Member) | US$670.0 (Non-member)

Validity of PMI-RMP

Similar to other PMI certifications, PMI-RMP certification is also valid for exactly three years from the date of the certification. For instance, Paul got his certification on 10 July 2018, then it will be valid until 10 July 2021. However, the credential can be renewed by accruing 30 Professional Development Units (PDU) in Risk Management Topics.

How To Take The PMI-RMP Exam

Eligibility Criteria
  1. In case of a Bachelor’s Year Degree
    24 months of project risk management experience (within the last 5 years)
    30 hours of project risk management education
  2. In the case of a High School Diploma/ an Associate’s Degree
    36 months of project risk management experience (within the last 5 years)
    40 hours of project risk management education

Examination Details

  1. It comprises 170 multiple-choice questions out of which 20 are pretest(unscored) questions.
  2. There are two methods of conducting the test. It can either be a center-based test/ online-proctored test or a paper-based test.
  3. The allotted examination time is three and a half hours with no scheduled breaks.

Time Taken To Prepare For The Exam

A minimum of three months is required to prepare for the exam with multiple study aids once the training is complete.

For more details, log on to official PMI Website.

Click on the certifications below to know more about them