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Risk Management Professional (RMP-PMI)

Course Summary

The  PMI RMP  Risk  Management  Professional Course  empowers you to develop knowledge and skills required to clear to your PMI- RMP  exam  on  the  first  attempt.  Risk  Management  Professional (RMP®)  certification  demonstrates  a  professional’s  specialization in  assessing,  identifying  and  controlling  risks.  This course will enable you to assess the risk velocity and help you to ascertain the route to risk mitigation by prior planning.

Risk   Management   Professional   (PMI-RMP®)   is   a   specialized credential  offered  by  PMI  in  response  to  the  growing  need  of professionals who specialize in project risk management.  Prepare for the PMI Risk Management Professional certification exam through this four day, instructor-led course. This course offers an in-depth look at risk management through a PMI perspective and is delivered in a combination of lecture and hands-on learning format. All components of risk management will be covered including planning, identification,  quantification, response  planning,  and monitoring and controlling  risks. Participants will learn  to maximize the results of positive  project events  and  minimize  the  consequences  of  adverse  events,  both internal and external to the project.


Course Objectives

This PMI-RMP training course will:

  • Prepare delegates to sit for the PMI-RMP® Exam
  • Increase the likelihood of passing from the first attempt
  • Teach delegates about project risk management in details so they can apply it in their own work
  • Provide an opportunity to understand the risks inherent in projects and how to plan for them

Course Outline

Introduction to Risk Management Concepts

  • Objectives of risk management
  • Risk management and the project life cycle
  • Critical success factors
  • When to accept risk, and when to avoid

Principles and Concepts of Risk Management

  • Definition of risk & risk management
  • Stakeholder risk attitudes
  • Responsibilities for risk within projects

Introduction to PMI Risk Management Processes

  • Stakeholder risk tolerance
  • Overview of the risk management processes

Plan Risk Management

  • Purpose of risk management planning
  • Components of the risk management plan
  • Success criteria for risk planning
  • Barriers to successful risk planning
  • Risk Breakdown Structures (RBS)
  • Techniques for Risk Planning
  • The Risk Management Plan
  • Stakeholder Risk Tolerance & Thresholds

Identify Risks

  • Purpose, objectives & Critical success factors
  • Typifying risks
  • Risk identification techniques
  • Information Gathering Techniques
  • Checklist Analysis
  • Analyzing assumptions & constraints
  • Diagramming Techniques
  • Cause & Effect (Fishbone diagrams) Risk triggers
  • The risk register
  • Determining which risk tool to use

Perform Qualitative Risk Analysis

  • Purpose, objectives & Critical success factors
  • Categorizing risks
  • Risk probability and impact, Risk score
  • P-I Matrix

Perform Quantitative Risk Analysis

  • Purpose, objectives & Critical success factors
  • Accounting for risk inter-relations in projects
  • Data Gathering & Representation techniques
  • Modeling & Simulation, Probability distribution
  • Monte Carlo Simulations, S- curves
  • Tornado diagrams, sensitivity analysis, criticality analysis
  • Decision trees
  • Risk Expected Monetary Value (EMV) calculation

Plan Risk Responses

  • Risk owners, risk action owners
  • Strategies for positive and negative risks Risk & contracting
  • The risk response action plan
  • Contingency planning, calculating the contingency fund
  • Secondary & residual risks

Monitor and Control Risk

  • Risk re-assessment Process improvement
  • Managing contingency reserves
  • Risk audits, trend analysis

Who should attend this course?

  • Working individuals looking for a professional certification in Risk management
  • Project managers, senior management and functional managers
  • Individuals looking to be project managers
  • Individuals looks for guided help in taking the RMP certification exam

About Our Trainer

Our Trainer has a rich diversified experience of 12+ years in the field of Project Management and Contract Management  with  various  Middle  East  and  International Companies  across  diverse  Industries.  Currently  associated with Learners Point as the Principal Trainer & Consultant and have   been   actively   involved   in   providing   results   driven Trainings   for   PMP   students.   He   is   Certified   Project Management and Risk Management professional.


Course Objectives

This PMI-RMP training course will:

  • Prepare delegates to sit for the PMI-RMP® Exam
  • Increase the likelihood of passing from the first attempt
  • Teach delegates about project risk management in details so they can apply it in their own work
  • Provide an opportunity to understand the risks inherent in projects and how to plan for them

Course Outline

Introduction to Risk Management Concepts

  • Objectives of risk management
  • Risk management and the project life cycle
  • Critical success factors
  • When to accept risk, and when to avoid

Principles and Concepts of Risk Management

  • Definition of risk & risk management
  • Stakeholder risk attitudes
  • Responsibilities for risk within projects

Introduction to PMI Risk Management Processes

  • Stakeholder risk tolerance
  • Overview of the risk management processes

Plan Risk Management

  • Purpose of risk management planning
  • Components of the risk management plan
  • Success criteria for risk planning
  • Barriers to successful risk planning
  • Risk Breakdown Structures (RBS)
  • Techniques for Risk Planning
  • The Risk Management Plan
  • Stakeholder Risk Tolerance & Thresholds

Identify Risks

  • Purpose, objectives & Critical success factors
  • Typifying risks
  • Risk identification techniques
  • Information Gathering Techniques
  • Checklist Analysis
  • Analyzing assumptions & constraints
  • Diagramming Techniques
  • Cause & Effect (Fishbone diagrams) Risk triggers
  • The risk register
  • Determining which risk tool to use

Perform Qualitative Risk Analysis

  • Purpose, objectives & Critical success factors
  • Categorizing risks
  • Risk probability and impact, Risk score
  • P-I Matrix

Perform Quantitative Risk Analysis

  • Purpose, objectives & Critical success factors
  • Accounting for risk inter-relations in projects
  • Data Gathering & Representation techniques
  • Modeling & Simulation, Probability distribution
  • Monte Carlo Simulations, S- curves
  • Tornado diagrams, sensitivity analysis, criticality analysis
  • Decision trees
  • Risk Expected Monetary Value (EMV) calculation

Plan Risk Responses

  • Risk owners, risk action owners
  • Strategies for positive and negative risks Risk & contracting
  • The risk response action plan
  • Contingency planning, calculating the contingency fund
  • Secondary & residual risks

Monitor and Control Risk

  • Risk re-assessment Process improvement
  • Managing contingency reserves
  • Risk audits, trend analysis

Who should attend this course?

  • Working individuals looking for a professional certification in Risk management
  • Project managers, senior management and functional managers
  • Individuals looking to be project managers
  • Individuals looks for guided help in taking the RMP certification exam

About Our Trainer

Our Trainer has a rich diversified experience of 12+ years in the field of Project Management and Contract Management  with  various  Middle  East  and  International Companies  across  diverse  Industries.  Currently  associated with Learners Point as the Principal Trainer & Consultant and have   been   actively   involved   in   providing   results   driven Trainings   for   PMP   students.   He   is   Certified   Project Management and Risk Management professional.

Contact Us

Suite #101, AL-Tawhidi 1 Building, Next to ADCB Bank, Bank Street, Khaled Bin Waleed Road, Bur Dubai - Dubai. U.A.E. P.O.Box: 94743 Dubai, UAE.

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Direction from Metro: Al Fahidi Metro, Exit 1 elevator - walk approx 1 minute towards Burjuman.

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