P901 Achieving Risk Management Professional (PMI-RMP)®Certification – Project Risk Management

Overview

This course prepares trainees for obtaining the PMI Risk Management Professional(PMI-RMP)® certification.

Additionally the course should enable trainees to:

  • Understand risk management concepts, processes, tools and techniques
  • Identify, analyze, respond and control project risks.

Approach

The training approach includes:

  • Discussing topics
  • Completing a simulated exam per each topic
  • Discussing the exam solutions
  • Completing and discussing a case study
  • Completing learning exercises
  • Completing an integrated exam

Who Should Attend

This course is targeted for Chief Executive Officers, Finance Managers, Human Resources Managers, Project Managers, Engineers & Planners, and Information Technology Managers.

In What Industries

Government, Real Estate Development, Aerospace, Defense, Engineering and Construction, Manufacturing and Industrial, Oil and Gas, Petrochemical, Power and Water Utility Plants, Education and Training, Retail, Financial Services, Information Technology, Telecommunication, Automotive, Media Production, E-Business Enablers, Marketing and Sales, Pharmaceuticals, Environmental Management, Hospitality Management, Shipbuilding and Repair Yards.

Course Outline 

  • Project management basics – Projects vs. Operations; project management and its constraints; Organizational structures and their influence on project performance; project life cycle; PMO; knowledge areas and process groups; stakeholders, their roles and expectations; project life cycle and product life cycle.
  • Risk management framework- The role of risk management; risk management and uncertainty; micro vs. macro risk management; risk anatomy; formulating risks; risk factors; risk and decision making; integrating risk management with other project management knowledge areas; risk and the project life cycle.
  • Process groups – Initiating, planning, executing, controlling and closing
  • Plan risk management– Risk strategy, risk management plan; risk categories; risk breakdown structure; risk appetite, risk tolerance and risk thresholds; using organizational process assets; risk governance; adapting to policies; capturing lessons learned;
  • Identify risks – Identifying scope, time, resources and quality risks; risk register; root-cause analysis; checklists; brainstorming; affinity diagrams; expert judgment; building consensus through NGT and Delphi; SWOT analysis; assumptions analysis,
  • Perform risk qualitative analysis – probability and impact assessment; risk matrix; risk score; project risk score;  data quality; risk urgency; watch list; top 10 list; risk categorization;
  • Perform risk quantitative analysis – Expected monetary value; decision tree; risk exposure; multi-impact risk; Monte Carlo analysis; sensitive analysis; tornado chart;
  • Plan risk responses – Identifying risk causes; threats response strategies; opportunities response strategies; contingencies plans; fallback plans; triggers; residual risks; secondary risks;
  • Monitor risks – Monitoring cycle; risk performance information; risk reporting; workaround; risk trends; risk audits; risk reassessments; risk closure; lessons learned
  • Risk reporting and stakeholder engagement – Stakeholder engagement; communication management; leadership styles;
  • Overall project risk– Understanding and managing overall project risk; estimating and assessing the contingency reserve;
  • About the PMI-RMP® exam
  • Simulation, analysis and diagnosis of examination (PMI-RMP)®

Certificate

A certificate of completion will be issued to those who attend and complete the program. This Course will entitle delegates to 35 Professional Development Units (PDU’s) required for the PMI-RMP® Exam.

 

PMI-RMP is a registered mark of the Project Management Institute, Inc.