Amazon beats PMI® to the Punch on Risk Management

PMI’s new risk management standard has been in development for years now.  The old version, 2009, serves as background data, but not guidance, on what belongs in a risk management practice.  The new version (still 100 pp., per Jeff Bezos and company) touts itself as “guidance”, so it will be interesting to watch.

Why invoke Amazon here?  Simple.  They have the new standard for risk management from PMI® listed as a pre-order.  I went to the PMI® website to check it out there…nothing.  There’s a passing reference to the work that the stalwart risk folks at PMI have been doing to update the standard, but no time references for release and no insight on the final outcome.

This matters for a host of reasons.  For one, as project and risk practitioners, we’re expected to be up-to-date on all things PMI®.  For two, those seeking the PMI-RMP® will need to know so that they can time out their exams appropriately.  If the history of PMI® exams is any indicator, then 3 to 6 months from the date of release of any standard, the exam will change.  That puts us between August 1 and November 1 for the new exam.  But it all hinges on the release of the updated standard.

And as the “Risk Guy,” I thought you ought to know…