What is the RMP Certification?
Risk Management Professional certification is popular among those in the construction industry who work as construction or project managers, but need the skills to foresee and handle any potential risks associated with specific projects. Adding this certification to a resume not only ensures workers have a valuable skillset, it also makes them highly marketable.Those with an RMP must be able to understand the types of risks associated with construction projects, recognize them when they arise, and put into place policies and procedures designed to protect companies from those risks. There are a variety of different facets associated with being a risk management professional, and those who are certified could specialize in securing assets and focusing on financial risks or focus more specifically on projects and the risks associated with scheduling and delays. Those with RMP certification could also develop and monitor health and safety procedures, making it a diverse and interesting option for anyone in the construction industry.
Why Should You Choose the RMP Certification?
The RMP certification is ideal for those wishing to augment their skills by adding risk management or for those looking to enhance existing skills. Because the certification is rare, those who have it are in high demand, and the skills that come with being certified allow RMPs to make significant contributions to their industry, which can increase job satisfaction. Having an RMP certification opens the door to expert and master certifications, increasing your knowledge base considerably.
Why Are Businesses Looking for RMPs?
Organizations need risk managers because they ensure that the processes in construction run smoothly. They can help protect a business’s profitability and its reputation, which is vitally important when the industry is so competitive. Because they understand risks, RMPs can help minimize a company’s liability exposure, making them an extremely valuable employee.Employers look for those with the RMP certification because it gives them the confidence and reassurance that their candidates have the required standard of skills needed for a particular role. It is especially important for organizations to look for highly skilled candidates because of the complex area of risk management.
How to Get the RMP Certification
The RMP certification is awarded after you have completed four courses and the subsequent exam. The course is delivered online with live online lectures and additional learning aids on the online learning portal. The programme is offered by both CMI and their approved partners, and is followed by an exam offered exclusively by CMI. In order to pass and receive your certification, you must achieve a score of 50 percent and above.
The open-book online examination that you need to complete for the certification contains 4 different questions. You will have to complete all 4 in an open book environment. For some of the questions you may have to decide between 2 different options for example: please answer question A or B. The questions will assess your understanding of the modules that you have studied in the course.In terms of the time that you have available to complete the exam, it is a 6-week period. You will need to pass the exam with 50% to obtain the RMP.
The RMP course is a professional, practice-based program that has been shown to be more beneficial for learning than strictly academic classes. The skills learned through the RMP course will directly translate from studies to a job site. Classes will be taught by lecturers who have extensive experience in the field.
The programme includes the following four courses:
Who Should Apply?
- There are no set eligibility requirements for RMP certification
- If you do not meet the eligibility requirements for Expert and Master levels, then having the RMP certification is necessary before pursuing those more advanced levels.
- You must also adhere to CMI’s Principles of Ethics.
With regards to payment, you have two options. You can pay the full amount in one lump sum payment or by our monthly direct debit payment plan. Please see below for fees:
- Total fee - $1,550.00 ($179.00 savings than monthly payment plan); or
- Monthly direct debit plan - Upfront fee of $247 and a monthly direct debit of $247 for 6 consecutive months (from Month 1 to Month 6 – total 6 payments)
Additional Information and FAQs
Your RMP certification is valid for three years, and can be renewed every three years by taking a CEU (Continuing Education Unit).
- • The enrolment of the course and exam is valid for maximum of 3 years from the first payment made, the course must be completed in this time period.
- • Applying for regular membership once you have passed the exam is compulsory to receive the certificate.
Frequently Asked Questions
How long is the course? The duration of the course will be 6 months. This will include live lectures, but you will be required to complete some independent study prior to taking the exam (open book online exam) also. Can I follow the program if I work full-time? Yes, the course is flexible and offered through live online lectures. The lecturers will be scheduled at weekends. This means you can take the course and work full-time. If you miss any of the live lectures you can catch up the following day as lectures will be uploaded on our LMS (study portal). How is the course delivered? The course is delivered through live online lectures and a study portal with lecture slides and supplementary materials. You can access the course from anywhere in the world if you have internet access along with a computer or a tablet. You will be able to ask your lecturer questions by voice or chat during the lecture or afterwards. How do I apply? You can apply online in as little as three minutes, and will be enrolled as soon as your course instructor has reviewed your application and the payment is received. You will be required to participate in an online ID Verification check before you take your exam, where your course instructor will confirm your identity.