Just Get PMP

What is PMI-RMP® Certification? How did I prepare for PMI-RMP® Certification? You will find answers to these questions in this article.

PMI-RMP® Certification is the prestigious Risk Management Professional Certification from PMI (Project Management Institute). It demonstrates your ability to identify and analyze project risks, avoid/ transfer/ mitigate threats and capitalize on opportunities. PMI states that

83% of organizations that are high performers in project management practice risk management frequently while just 49 percent of low performers do so (Pulse of the Profession®: Capturing the Value of Project Management, February 2015)

How did I prepare for PMI-RMP Certification?

I became a Certified Risk Management Professional and earned my PMI-RMP® Credential about two years back. In this article, I would like to share the various mock exams I tried and the scores I obtained in those. I am just jotting down the journey towards obtaining PMI-RMP® Certification.

	Date of the Mock Test	Service Provider	Description	No. of questions	Score Obtained
1	24-06-2013	SimpliLearn	Free PMP test	175	78.9 %
2	15-07-2013	Ucertify	Free RMP Test	15	73 %
3	16-07-2013	Ucertify	Chapter Quiz	26	77 %
4	17-07-2013	The PM Instructors	Free PMI-RMP Questions	20	85 %
5	22-07-2013	Rita Mulcahy	Pretest	25	84 %
6	28-07-2013	Abdulla J. Alkuwaiti	Practice Questions	65	87.1 %
7	29-07-2013	PMXCEL.com	Sample Quiz	25	92 %
8	02-08-2013	Head First PMP	Risk Management Chapter Questions	20	95 %
9	03-08-2013	VTC	RMP Part 1	40	95 %
10	04-08-2013	VTC	RMP Part 2	50	88 %
11	05-08-2013	Scordo	Risk Management Questions	10	80 %
12	06-08-2013	Oliver Lehmann	PMP Test	75	80 %
13	06-08-2013	VTC	RMP Part 3	125	89 %
14	07-08-2013	VTC	PMI-SP Part 1	40	85 %
15	10-08-2013	Rita Mulcahy	Human Resource Chapter	34	76 %
16	10-08-2013	Rita Mulcahy	Quality Chapter	35	91 %
17	12-08-2013	Rita Mulcahy	Time Chapter	38	94.7 %
18	14-08-2013	Edwel	Free PMP Exam	200	79 %
19	12-08-2013	Rita Mulcahy	Cost Chapter	38	94.7 %
20	15-08-2013	Rita Mulcahy	Procurement Chapter	40	92.5 %

I believe that only practice can help you. I believe that most of the candidates who prepare for the risk management exam are already certified PMPs. So, they have the knowledge and basic understanding of how the risks are identified, assessed, risk responses planned, monitored and controlled. So, all they need is to practice more and more mock tests/ practice questions to get it right. Please go ahead and successfully obtain your PMI-RMP Credential!

PMI embarked on the Economic Exception Pilot Program for PMI membership about three years back. The pilot program was open to only PMI members from four countries namely Brazil, India, Mexico and Nigeria.

Under the Economic Exception Pilot Program, existing members enjoyed about 50% discount in their membership renewal fees. While the regular membership fee was US$129, PMI members enjoyed a discounted fees of US$65 under the Economic Exception Pilot Program.

I am one of those members benefited by the Economic Exception Pilot Program. I was extremely happy to renew the PMI membership in 2014 and 2015 at the discounted price. Since it was launched as a pilot program for only three years, it is about to expire by end of this year. I was eagerly awaiting to see whether PMI would further extend this benefit.

PMI ending the Economic Exception Pilot

Unfortunately, PMI has decided to discontinue this program in India after December 2015. I am not sure about the status of the program in the other three countries, Brazil, Mexico and Nigeria. PMI has sent a recent update to PMI members in India:

Thank you for joining PMI under the Economic Exception Pilot. While the pilot is being discontinued after 31 December 2015, your savings will continue.

Since you participated in the pilot, you are eligible for a special US$65 annual membership rate when you renew your membership during your next renewal period.

You can continue to enjoy another year of membership benefits and save significantly over the regular membership rate of US$129 every year you renew without interruption.

I am disappointed at PMI ending the Economic Exception Pilot Program in India. But, at the least, I am glad that PMI has allowed me to renew the membership for another year at the discounted price. Thank you, Project Management Institute!

How to renew the PMI membership using the discounted price?

Would you like to renew your membership for one last time using the discounted price? Here are the steps you should follow:

1. Log on to www.PMI.org with your username and password
2. Click on the myPMI tab
3. Click on the "Renew your membership/Print invoice" link located under your name and member information

4. Select the "Economic Exception" option and click "continue"
5. Proceed to Checkout

Good things happen when you get involved with PMI.

You may know that the Project Management Professional (PMP)® is the most important industry-recognized certification for project managers. But, do you know how many active PMP Credential holders are out there? Is the number of PMP Credential holders increasing? Let us find out.

PMI Today is a monthly publication from the Project Management Institute (PMI). It keeps the PMI members informed of the latest news, events, volunteer activities and services of PMI and its communities. PMI Today is a benefit of PMI membership and is delivered digitally to all members each month.

PMI Today contains a column called PMI fact file, which reports the total active holders of the PMI Credentials/ Certifications. It reports data on all the eight PMI Credentials. But, I just took the number of PMI Credential holders for analysis.

I took the PMP Credential holders data from Sep 2014 to Aug 2015, for a period of one year.

Data Source: PMI Fact File, PMI Today Publications

The number of PMP Credential holders was about 626K about 12 months ago. It has increased to about 670K by the end of August 2015. The popularity of PMP Credential and its value is ever increasing and so is the number of people showing interest in the PMP Certification examination. In the past 12 months, the number of PMP Credential holders has increased by about 7%.

PMI’s Salary Surveys regularly show increased earnings for Credential holders. The surveys showed that the PMP credential has a positive impact on annual salary. As such, I am sure that the number of PMP Credential holders is about to grow much faster in the next 12 months.

We will understand, in this article, the flow of project deliverables. The entire flow of deliverables are explained step-by-step, outlining how the deliverables are produced, verified and accepted.

PMBOK® Guide Fifth Edition defines deliverable as

any unique and verifiable product, result or capability to perform a service that is required to be produced to complete a process, phase or project.

Direct and Manage Project Work

We create Project Deliverables in Direct and Manage Project Work process to meet the project work as planned and scheduled in the project management plan.

Control Quality

The deliverables, created in the Direct and Manage Project Work process, are verified in the Control Quality process to determine the correctness of deliverables. In this process, we are concerned with the correctness of the deliverables and meeting the quality requirements specified for the deliverables. Such verified deliverables from the Control Quality process becomes an input to Validate Scope process for formalized acceptance.

Validate Scope

In the Validate Scope process, we are interested in the acceptance of the verified deliverables. Deliverables that meet the acceptance criteria are formally approved and signed by customer or sponsor. Formal documentation acknowledging the acceptance of the project deliverables is forwarded to the Close Project or Phase.

The completed deliverables that have not been formally accepted are documented along with the reasons for non-acceptance. These deliverables may require a change request (defect repair) that will be reviewed in the Perform Integrated Change Control process. Once the change requests are approved, the approved change requests become an input to the Direct and Manage Project Work process and the above cycle continues.

Please note that Control Quality is generally performed ahead of the Validate Scope, but you may also perform the two processes in parallel.