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PMI-RMP Examination - A few pointers

I was one of the first takers for the exam, though I did not qualify for the fifty percent discount by a day. Took the exam in early November and it was quite an experience considering the fact there is very little information available as to the content and nature of the exam.

With the experience of having taken the PMP exam, comes in handy as the jargon used in the exam is very much in line with the PMI-PMP speak. It is imperative to note that though the exam was very much in line with the draft documentation on the Risk Management Process thats been published, it had a few elements of surprise as well.

As a risk manager, having been accustomed to taking risk in the negative connotation, it needs to be noted that RISK is considered positive as well as negative. This being the rule of the thumb, it facilitates in understanding the questions properly and to subsequently answer them.

The approach that I took to address the examination was to ensure that I run through the glossary from the PMBOK again. The PMBOK contains material that speak in PMInese and it helps a lot to understand the same language that is used in the RMP exam. Having run through it as well as the material in the PMBOK, the draft publication comes in handy. Even though still in draft stage, it provides the major inputs as to the thinking in vogue at PMI and their perception of risk and therefore its management. The draft is work in progress and we would see more eloboration as the time moves ahead.

It is to laud PMI for taking the initiative to bring into the mainstream the need for risk managers , who are a different set of people with specific skill sets to handle risks in a project. Large projects tend to fail as a consequence of not understanding the risks or underplaying risks. This leads to scheduling conflicts, errors in estimation and resource misallocation. The need to manage risk and its components both positive and negative helps in identification of the set of variables that affect the outcome of the project as well as the overall health of the project as various milestones are met.

Risk Management as a tool is very effective in many other ways not apparent. For example safety that is often overlooked would very much be represented when a full fledged management principle to include risk is incorporated into project management. Well, looks like I have digressed from the examination point of view to that about risk management in projects. However, as I was answering the questions, it became so obvious as to how much you learn at work, the questions were real life scenarios and if you have handled a few projects, you would be in a position to answer many of the questions. This is something that you do not find often in many examinations, but certainly the PMI-RMP makes the difference in this area.

Do drop me a mail, if you need some more information, I would be more than willing to help
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