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.

456 STUDENTS ENROLLED

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    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.

    Course Objectives

    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.

     Fee: N85,000

    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).

    Payment Details:-
    Account Name:- Andavoy Business Concepts
    Account Number:- 0111802721
    Bank:- GTBANK

    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

    Exam Fees:

    • PMI Member: $520
    • PMI Non-Member: $670

    Course Curriculum

    Section 1- Introduction
    Introduction to RMP
    Section 2- Overview of the PMI RMP Exam
    Requirements
    Domain Areas
    Section 3- Risk Management Overview
    Definition of risks
    Risk Breakdown structure (RBS)
    Risk Categories
    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
    Identify Risks
    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
    Checklists
    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)
    Three-point estimates
    Probability distributions
    Delphi Technique
    Simulation
    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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