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RISK MANAGEMENT PROFESSIONAL (RMP)
Aligned with the PMI Risk Management Professional (PMI-RMP®) certification, this course provides the skills to identify and measure risks in project development and implementation. You learn to quantify risks and create risk response strategies to deliver projects that meet stakeholder expectations.
Who Should Attend
This course is aimed at preparing participants to sit for the Project Management Institute Risk Management Professional (PMI-RMP) exam.
This course is also for any individual, who is interested in learning the fundamentals of proper risk management.. Risk managers, project managers and line managers and individuals who wish to broaden their career opportunities will benefit from this course.
Upon completion of ths course, participants will be able to:
- Describe and understand all Risk Management defined processes, as outlined in the PMI® PMBOK® Guide Fifth Edition
- Gain the necessary information to prepare for the PMI® Project Risk Management Professional (PMI RMP) Certification Exam
- Use internationally-recognized best practices for managing project and operations risks.
- Apply risk management techniques to determine the true cost and schedule for projects and operations
- Demonstrate the impact of successful Risk Management to the organization
- Avoid common risk management pitfalls
- Describe Risk Management principles and techniques and how they apply to the day-to-day management of projects and operations
- Have a practical set of self-study techniques and bibliography of reference material
- Use common risk management terminology
- Be more focused and proactive about preventing problems, rather than just dealing with them as they occur
Course Duration: 4 days – Sundays :- 12pm-6pm.
The Training Package
- Soft and Hard Copy Training Materials
- 40 PDU’s Earned
- Assistance with the PMI-RMP Exam Application
- Tea/Lunch Break
- Professional Training from highly experienced risk management practitioners
- Certificate of training (Indication 30 hours of Risk Management Training).
Account Name:- Andavoy Business Concepts
Account Number:- 0111802721
The examination is computer-based and consists of 170 multiple choice questions. 20 out of these questions are pre-test. Pretest questions are used in examinations as an effective way to test the validity of future exam questions. All questions are placed throughout the exam randomly. Only 150 questions are scored on the exam.
Time allotted is 3.5 hours. The examination is to be taken at an approved testing centre in your area
- PMI Member: $520
- PMI Non-Member: $670
Section 1- Introduction
Introduction to RMP
Section 2- Overview of the PMI RMP Exam
Section 3- Risk Management Overview
Definition of risks
Risk Breakdown structure (RBS)
Section 4- What You Need Before You Can Do Risk Management
What do you need before you can effectively start risk management?
How does risk management fit into the project management process and operations?
What risk management is and why can it make or break your career
Project risks and operation risks?
Negative risks and positive risks (Opportunities)
Section 5- The Risk Management Processes
Plan Risk Management
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Risk Responses
Monitor and Control Risks
Section 6- Plan Risk Management Process
Creating a Risk Management Plan (RMP)
Analyzing contents of a model RMP
Applying a standard template to create your RMP
Section 7- The Identify Risks Process
Identifying project risk
Common sources of project risk
Creating Ishikawa diagrams to analyze cause and effect relationship
Developing a Risk Register
Analyzing contents of a model Risk Register
Applying a proven template to create your Risk Register
Documenting risks for future assessments
Section 8- The Perform Qualitative Risk Analysis Process
Analyzing risks through qualitative measures
Performing probability and impact analyses of identified
Applying the probability and impact matrix
Advanced applications of qualitative analysis
Prioritizing analysis results
Ranking project risks
Differentiating between acceptable and unacceptable risks
Section 9- The Perform Quantitative Risk Analysis Process
Quantifying effects of risk events on the project
Determining probability of achieving cost and time objectives
Calculating contingency reserves
Identifying trends in quantitative analysis
Ranking risks by actuarial cost
Tools for analysis
Expected Monetary Value (EMW)
Section 10- The Plan Risk Responses Process
Implementing risk response strategies
Threats: Accept, Avoid, Transfer and Mitigate
Opportunities: Exploit, Share, Enhance
Quantifying residual risks and secondary responses
Creating contingency plans
Determining the worst case scenario
Recalculating confidence levels
Finalizing risk budget
Section 11- The Monitor And Control Risks Process
Identifying emerging project risks
Matching identified project risk with controls including Risk Audit, Variance Reports, Reserve Analysis
Anticipating risk events through risk triggers
Measuring risk using earned value analysis (EVA)
Ensuring effective change control
Developing a reliable change request process
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