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PMI-RMP®: PMI-Risk Management Professional

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RM 7500.00
  1. 5 Day with 08 hours per day
  1. Mon 27 Dec 09:00 - Fri 31 Dec 17:00
  1. HRDF SBL Claimable
  2. Certificate of Attendance available
  1. 5 Days
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PMI-RMP®: PMI-Risk Management Professional

WHAT YOU WILL LEARN

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 managers that intend to apply for the PMI RIsk Management Professional - (PMI-RMPsm)®. The PMI-RMP demonstrates skill and competence in the specialized area of project risk management. If you're looking to fill the risk management specialist role on your project team, hone your basic project management skills and showcase your specialized expertise to employers, the PMI-RMP credential is for you.

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

This program will be conducted with interactive lectures, PowerPoint presentation, discussions and practical exercise

COURSE OBJECTIVES

Upon completion of this program, participants should be able to :

  • Understand the risk management concepts, approach and techniques
  • Apply risk management practices on their own specific project situations

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Modules

About The PMI-RMP
Risk Framework
  • Introduction
  • Risk management principles and concepts
Risk Management Planning
  • Risk management plan
  • Using organizational process assets
  • Risk categories
  • Risk breakdown structure
  • Risk tolerance and risk thresholds


Risk Identification
  • 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


Constraints Management
  • The constraint concept
  • Identifying priorities
  • Identifying and removing unnecessary scope
  • Managing unknown risks
Risk Qualitative Analysis
  • Probability and impact assessment
  • Risk matrix
  • Risk score
  • Project risk score
  • Data quality
  • Risk urgency
  • Watchlist
  • Top 10 list
  • Risk categorization
Risk Quantitative Analysis
  • Expected monetary value
  • Decision tree
  • Risk exposure
  • Multi-impact risk
  • Monte carlo analysis
  • Sensitive analysis
  • Tornado chart
Risk Response
  • Identifying risk causes
  • Threats response strategies
  • Opportunities response strategies
  • Contingencies plans
  • Fallback plans
  • Triggers
  • Residual risks
  • Secondary risks
Managing Overall Project Risk
  • The concept of overall project risk and its root-causes
  • Project appraisals
  • Risk indicators
  • 6 alternatives to build the reserve
  • Using the reserve
Monitoring Risks
  • Monitoring cycle
  • Risk performance information
  • Risk reporting
  • Workaround
  • Risk trends
  • Risk audits
  • Risk reassessments
  • Risk closure
  • Lessons learned
Risk Governance
  • Adapting to policies
  • Metrics
  • Lessons learned
Simulation, Analysis And Diagnosis Of Examination (PMI- RMPsm) ®
Lavanya Arul

Lavanya Arul

Lavanya has been working in the IT industry since 1996 and has been exposed to all job roles. She started as an IT developer and later progressed as a project manager for MNC's in Malaysia and Singapore. She worked with end-users and clients to understand the challenges in their environment. She started training as a career since 2006 and has a lot of passion for it. Her main advantage is 'on the spot' customization of sessions based on the target audience and in making these sessions lively and informative as possible. She has served as a board member for Singapore PMI chapter for 3 years.


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