Overview: PMI-RMP PMI-Risk Management Professional
The PMI-RMP Risk Management Professional course offers advanced training designed to equip participants with the essential skills needed to identify, assess, and manage project risks effectively. This course focuses on the critical aspects of risk management, ensuring that professionals can proactively address potential challenges and enhance overall project success.
By completing the Risk Management Professional course, you’ll gain the expertise required to implement robust risk management strategies, driving successful project outcomes and minimizing uncertainties. This course is a vital step for those seeking to advance their careers in risk management and elevate their impact within their organizations.
Your Path to Success
PMI risk management is more than a skill; it’s a strategic advantage in the world of project management. Aspiring project managers and risk management specialists can benefit immensely from this program. With a strong foundation in project management and our comprehensive training, you’ll be well-prepared to obtain the coveted PMI Risk Management Professional certification.
What You'll Learn
Our workshop covers everything from risk identification and response strategies to risk governance and monitoring. You’ll not only understand the principles, concepts, and tools of risk management but also learn how to apply them to real-world project scenarios. This knowledge will not only enhance your career prospects but also empower you to tackle challenges and uncertainties in the corporate landscape.
Join us on this exciting journey of professional growth and become a master of PMI risk management. Your success story starts here!
Course Details
Course Code: PMI-RMP; Duration: 4 Days; Instructor-led
The PMI’s Risk Management Professional (PMI-RMP)® credential is a response to project management’s increasing growth, complexity and diversity. Globally recognized and demanded, the PMI-RMP® fills the need for a specialist role in project risk management.
It recognizes your unique expertise and competency in assessing and identifying project risks, mitigating threats and capitalizing on opportunities, while still possessing a baseline knowledge and practical application in all areas of project management.
Audience
- Project Manager
- Risk Manager
- Functional Manager
- C-suite Executive
Prerequisites
To apply for the PMI-RMP, you need to have either:
- A four-year degree (bachelor’s or the global equivalent), with at least 3,000 hours of project risk management experience and 30 hours of project risk management education
- A secondary diploma (high school or the global equivalent) with at least 4,500 hours of project risk management experience and 40 hours of project risk management education
Methodology
Presentation
Course Objectives
After completing this course, you should be able to:
• Understand the risk management concepts, approach and techniques
• Apply risk management practices on their own specific project situations
Outlines
- Introduction
- Risk management principles and concepts
- Risk management plan
- Using organizational process assets
- Risk categories
- Risk breakdown structure
- Risk tolerance and risk thresholds
- Identifying scope, time, resources and quality risks
- Risk register
- Root-cause analysis
- Checklists
- Brainstorming
- Affinity diagrams
- Expert judgement
- Building consensus through NGT and Delphi
- SWOT analysis
- Assumptions analysis
- The constraint concept
- Identifying priorities
- Identifying and removing unnecessary scope
- Managing unknown risks
- Probability and impact assessment
- Risk matrix
- Risk score
- Project risk score
- Data quality
- Risk urgency
- Watchlist
- Top 10 list
- Risk categorization
- Expected monetary value
- Decision tree
- Risk exposure
- Multi-impact risk
- Monte carlo analysis
- Sensitive analysis
- Tornado chart
- Identifying risk causes
- Threats response strategies
- Opportunities response strategies
- Contingencies plans
- Fallback plans
- Triggers
- Residual risks
- Secondary risks
- The concept of overall project risk and its root-causes
- Project appraisals
- Risk indicators
- 6 alternatives to build the reserve
- Using the reserve
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- Monitoring cycle
- Risk performance information
- Risk reporting
- Workaround
- Risk trends
- Risk audits
- Risk reassessments
- Risk closure
- Lessons learned
- Adapting to policies
- Metrics
- Lessons learned
