Risk Management Professional (RMP®) Certification
Objective: The Project Management Institute (PMI®) recognises the importance and special qualifications needed to be a project risk management professional. The PMI-RMP® credential will substantiate the applicant’s knowledge, skills and experience in this area, and this PMI-RMP® preparation course will help in preparing to take and pass the RMP® certification exam.
Audience: Individuals who spend a majority of their time managing project risk for a project management plan should consider applying for this specialty credential, as well as sign up for our RMP® training program to help get the instruction needed to become a PMI-RMP® professional.
Format: Lecture based with 2 hours of sample exam questions
Benefits: This course will be of benefit to learners who identify the importance of the RMP® certification in the workplace. The course will highlight the working of the PMBOK® Guide and PMI’s Risk Management Standard
Learning Objectives: After completing this course, you will know how to:
- understand the RMP® exam process (i.e. application procedure to taking the exam)
- review the six processes of project risk management and their relation with other project management knowledge areas.
- Understand the governance and structures behind risk management
- be able to distinguish between risk and issue management and how to do it.
- analysis of the tools and techniques to identify risk
- understand the qualitative approach to risk analysis
- review of simulation tools and techniques such as Monte Carlo, PERT, Tornado Diagrams
- understand how to monitor and communicate project risk on a timely basis
- focus on risk monitoring and control
- understand the communication principles behind risk and issues management
- be able to manage stakeholder involvement with risk
Course Content – The following areas will be covered:
Module 1: - Risk Management Overview
- Risk Management Process
- Project Uncertainties
- Risks, Threats, and Opportunities
- Plan Risk Management Attitudes and Process
- Identify Risks Process
- Qualitative Risk Analysis
- Types of Risk
- Module 1 Sample Questions
Module 2: - Before Beginning Risk Management
- Inputs to Risk Management
- Project Management Process
- Project Charter and Background Information
- Outputs from Project Planning
- The Work Breakdown Structure
- Communication Management Plan
- Module 2 Sample Questions
Module 3: - Plan Risk Management
- Risk Team
- Risk Methodology
- Budget and Timing
- Definitions of Probability and Impact
- Report Formats and Tracking
- Roles and Responsibilities
- Module 3 Sample Questions
Module 4: - Identify Risks
- Process of Identifying Risks
- Cause-Risk-Effect Format
- Checklists
- Brainstorming
- Expert Interview
- SWOT Technique
- Module 4 Sample Questions
Module 5: - Perform Qualitative Risk Analysis
- Qualitative Risk Analysis Process
- Tools and Techniques for Qualitative Risk Analysis
- Motivational and Cognitive Bias
- Risk Rating, Ranking, and Score
- Module 5 Sample Questions
Module 6: - Perform Quantitative Risk Analysis
- What is Qualitative Risk?
- Methods to Quantitatively Assess Probability and Impact
- Monte Carlo Simulation
- Proving Likelihood of Project Completion
- Prioritising Risk Analysis
- Module 6 Sample Questions
Module 7: - Plan Risk Responses
- Methods for Reducing Overall Risk by Identifying Threats and Opportunities
- Responding to Negative Risk
- Planned Positive Risk Response
- Risk Response Plan
- Review Strategies
- Module 7 Sample Questions
Module 8: - Monitor and Control Risks
- Methods for Monitoring and Measuring
- Taking Corrective Action
- Evaluating Effectiveness
- Issue Tracking
- Module 8 Sample Questions
Notes:
- Sample Exams are given after each topic
- PMP, CAPM, RMP, ACP, PBA, PgMP are registered marks of the Project Management Institute, Inc.
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
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