Course Details

The Risk Management Course RMP 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 4  days  Exam Prep Boot Camp is an engaging and interactive course that provides you with all of the knowledge you need to pass the PMI-RMP Exam on your first attempt.

Upon completion of the course, you will be prepared to sit for your PMI-RMP exam.

Course Objectives

Upon completing this course, participants will be familiar of the following:

• Risk Management Concepts
• Risk Management Environment
• Project Definition
• Risk Management Planning
• Risk Identification
• Qualitative Risk Analysis
• Quantitative Risk Analysis
• Risk Response Planning
• Risk Monitoring & Controlling

Course Agenda

• 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.