How to pass PMI-RMP on first attempt

A Brief about PMI-Risk Management Professional

PMI-RMP is the Risk Management Professional certification provided by Project Management Institute. The PMI provides several professional certification, such as: CAPM, PMP, PMI-SP, PMI-RMP, PgMP, etc.

PMI-RMP certification is for the risk professionals who work in risk analysis for several industries. This exam was conceived in 2008. Once achieved, this certification places you above the rest in terms of risk management competency.

The certification exam is quite similar to PMP exam, you must be eligible first before taking the exam. The requirement to be eligible can be seen in the pmi website www.pmi.org. You have also to follow audit process if you are selected, but if you are lucky enough to not selected in audit process, after you receive an email that you are eligible, you can schedule your exam at the prometrics website.

The PMI-RMP exam will take 3.5 hours with 170 questions. 150 questions are scored, while 20 are "Pre Release" and not scored. However, you will not be able to identify the pre-release questions. Therefore, you have to answer all questions to the best of your ability.

There are four key areas in the PMI-RMP Body of Knowledge which are:

1. Risk Communication

    Including 27% of all certification exam questions, that contains all six project risk 

    management activities (PIER-C, Plan Risk, Identify Risk, Evaluate Risk, Respond Risk - 

    Control Risk)

2. Risk Analysis

    Including 30% of all certification exam questions and concentrates on five of the six

    project risk management area, except Plan Risk Responses.

3. Risk Response Planning

    Including 26% of all certification exam questions.

4. Risk Governance

    Including 17% of all certification exam questions, covers concepts in the Monitor and

    Control Risks activity.

Tips and Tricks

For me, answering the questions for PMI-RMP certification is quite different with PMP exam. You have to be familiar with risk management terms and your work is pretty often related to risk analysis. Because it is not easy to find a good book of PMI-RMP exam. Meanwhile, for me the exam preparation book is really helpful to pass the exam. It is the exam for certification, sometimes what you are experienced in real world is not the same perspective with the PMI's perspective. You have to familiar with the type of questions, the way of PMI's thinking. Though I passed my PMP and PMI-RMP exam on my first try, I found out that PMI-RMP is quite unique. Because for PMP exam, what you learned and practiced on your PMP exam preparation books or programs, is almost 90% similar. I do not say that the questions are similar, but the type of questions is pretty similar. When answering the PMP questions, you just feel that what you studied is paid off. Because you will find some of questions will ask you the same questions (just different sentences or different list of choices), and it will be easier to answer the questions because you already studied and practiced it before. 

But for the PMI-RMP exam, I just found out that what I learned on my PMI-RMP exam preparation and my simulation is only similar about 50% questions. However, if you are familiar with all the risk terms, the risk analysis tools, it will easier to answer the questions correctly.  Fortunately, that I was involved with risk analysis since 2002, so I am quite familiar with the tools and techniques of all risk activities. Because the questions will ask you more about the tools and techniques of risk management process. Since the PMI-RMP  certification has been established for 4 years since 2008, so the additional books to help you study and practice in answering the questions is quite difficult to find. Moreover, the exam preparation book usually only provide less than 150 practice questions. I used three books to help me pass the exam, but no book that contains 170 practice questions just like real exams. Meanwhile, for PMP exam, there are lot books and simulation software that contain hundred even thousand questions that will help you to practice answering the questions. 

Besides you have to be familiar with all risk management terms, process and tools and techniques that means you have to work in risk department at least three years, for me it is easier to pass the exam if you already pass the PMP exam or study about the whole process of project management. Risk management is part of project management and relates to project scope management, project time management, project quality management, project communication management, project human resource management, project procurement management. Thus, if you know the concept and process of project management that would be easier to understand the risk management process. The questions sometime will ask you the motivation theory as well as the leadership style of project manager for instance. If you have studied about it in preparing your PMP exam, you just need to recall your memories about the concepts and the theories and you also already knew about the interelation among project management knowledge areas and PM process, 42 sub processes as well. Though you do not have to pass the PMP exam first before you take the PMI-RMP exam, you will not more effort to study the interrelation between risk management and other PM knowledge areas.  

So, if you want to pass the exam on your first try, I will give you some tips based on my own experience:

1. Use PMI-RMP exam preparation books, at least use two books. I used three books that are: Passing the Risk Management Professional (PMI-RMP) Certification Exam The First Try by Daniel C. Yeomans, PMI-RMP, PMP, CMQ/OE; Study Guide for the Exam. Risk Management Professional Exam, by Abdulla J. Alkuwaiti, RMP, PMP; Risk Management, tricks of the trade for Project Managers and PMI-RMP Exam Prep Guide, by Rita Mulcahy.

The first book will help you to understand more about risk management based on PMBOK. The explanation on this book is quite simple, very helpful to memorize the risk management processes and also contains 125 simulation questions. 

The second book will help you to understand the risk management by studying the example given on book. Because my background is civil engineering, I found out the book is easy to understand because it gives you a lot example that based on construction project, hehehe. But this book only contains 65 simulation questions. 

The last book in my opinion that does help you much to pass the exam. But if you want to understand more about the risk management, you can read this book cover to cover, because it contains lot of risks that will be happened in the project. 

2. Read your PMI-RMP exam prep books cover to cover. Because those two bookes I described above are not too thick, I read them twice cover to cover just to help me memorize and understand more the concept. Practice to answer the questions on book, over and over until your score reaches more than 90%. I got 100% on my second simulation in practicing answer the questions. 

3. Concern and study more about the risk management process and plan risk response. Do not spend your time in quantitative analysis. In real work, yes you have to know how to perform the risk quantitative analysis but regarding the exam, you do not have to know the detailed of the tools of risk quantitative analysis. Because it only no more than 5 questions relating to quantitative risk analysis.
3. Learn more about the risk terms, the tools and techniqus of risk management processes.
4. Study about what are differences among risk responses for both negative risks and positive risks.
5. Another tips and tricks, I think it is pretty similar to PMP exam. You can read on my previous post about how to pass the PMP exam on your first try.

Just study about the risk management concept, practice in answering the questions and be calm and confident on the D day and believe that you will pass the exam. Good luck for your exam, if you have any questions please do not hesitate to contact me.

Type of Research

There are several type of research, but before you know what kind of research do you want to do, you have to know first what is concept and theory. 

Concept & Theory

Model: Is a term used to describe the overall framework that we use to look at reality, based on the philosophical stance

System Modeling and Optimization

 

Concept is general expression of a particular phenomenon, is expressed in the form of statements and is expressed and communicated through symbols. There are two types of concept:

• Abstract concept that is completely independent of a specific time or place, ex. temperature, three days; 
• Concrete concept that  is specific to a particular time or place, ex. temperature of the sun, 4 to 6 Dec. 1976.

Concept can be measured by:

• Compare a statement to some phenomenon or phenomena
• Operational definition:
• A set of procedure that describes the activities an observer should perform in order to receive sensory impressions, that indicate the existence or degree of existence of a theoretical concept
• Criteria for evaluating an operational definition:
• Gauge its suitability as a measurement procedure which is called inter subjectivity (inter-observer agreement)
• Assess its relation to a theoretical concept

Moreover, the quantification of concept can be measured by its level, which are:

• Nominal
• Divide data into categories that can be compared to each other
• Ordinal
• Rank ordered
• Interval level
• Equal unit of measurement and has a zero point
• Ratio level
• Can express values in terms of fractional parts

Whilst Theory is:

• A set of interrelated constructs (concepts), definition and propositions that presents a systematic vies of phenomena by specifying relations among variables, with a purpose of explaining and predicting phenomena
• Combine diverse and isolated pieces of empirical data to create an intelligible conceptual model which is capable of being more generally applied

Main Characteristics of a Good Theory

• Must permit deduction that can be tested empirically
• Must provide the means for its confirmation or rejection
• Must be compatible with both the observation and previously validated theory
• Must be stated in simple terms

Conception of theory

• A set of laws theory:
• Describes a relation in which scientist have so much confidence that they consider it and absolute ‘truth’
• Ex. Law of gravity
• Contain concepts that can be measured or identified in concrete settings
• It can’t lead to a sense of understanding of the phenomena
• Axiomatic theory:
• Comprises an initial set of statements (axioms or self-evident truths)
• Are not required to be ‘laws’, fully supported by empirical evidence
• Most form of axioms are abstract
• Ex. Pythagorean geometry
• Can be used to classify and organize phenomena and to logically derived explanation and predictions
• Fails to provide means of gaining a sense of understanding of the phenomena
• Causal process theory:
• Consist of an interrelated set of definition and statements
• Define theory and explain causal process
• Asking ‘why’ and ‘how’ things occur

Concept & Theory

• Research questions or propositions
• Theoretical statements that indicate direction and scope of the research, which is not possible to be rigorously tested
• Hypothesis
• Theoretical statements which is possible to be tested
• Empirical generalization
• Based on several empirical studies
• Paradigm
• Overall effect of the acceptance of a particular general theory approach

Types of Research

• Historical:
• The systematic and objective location, evaluation and synthesis of evidence in order to establish facts and draw conclusions about past events
• Involves exploring the meaning and relationship of events
• Uses primarily historical data (artefacts, records and writings)
• Value of historical research:
• It enables solutions to contemporary problems to be sought in the past
• It throws light on present and future trends
• It allows for the evaluation of data supporting selected hypotheses, theories and generalizations that are presently held about the past
• Facts or data must be checked whether the are genuine and/or authentic
• Comparative:
• Help to reveal the origins and development of social phenomena
• Descriptive:
• Relies on observation as a means of collecting data
• Attempts to examine situations in order to establish what is the norm
• Observation can take many forms (interview, questionnaires, visual records)
• Depends on human observations and responses à data distortion can occur
• Correlation:
• Measure of association or relationships between two phenomena
• Information sought is expressed in numbers
• Principally quantitative study
• Relational studies
• Prediction studies (where correlations are already known)
• Allows for the measurement of a number of characteristics (variables) and their relationship simultaneously.
• Experimental:
• Has a greater control over the subjects of its studies
• Involves making a change in the value of one variable (independent) and observing the effect of that change on another variable (dependent)
• Class of experiments:
• Pre-experimental
• True experimental
• Quasi-experimental
• Correlation and ex post-facto