Course description
The PMI Risk Management Professional (PMI-RMP)® highlights your ability to identify and assess project risks, mitigate threats and capitalize on opportunities. In this capacity, you enhance and protect the needs of your organization.
Gaining distinction as a PMI-RMP® sets you apart from other professionals and brings credit to your organization. Eighty-three per cent of organizations that are high performers in project management practise risk management frequently while just 49 per cent of low performers do so. The practise contributes to a handsome payoff: high performers meet their goals 2.5 times more often and waste 13 times less money than low performers, as found by our 2015 Pulse of the Profession® report.
This training course will prepare you to take the world recognised Risk Management Professional certification exam, the PMI RMP®.
If you are intending to become a certified Risk Management Professional (RMP)®, then this course is for you. This is a MUST DO for all Project Managers and those who want to become certified Risk
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
This Preparation for Risk ManagementProfessional (PMI-RMP)® Certificate training course is suitable to a wide range of professionals but will greatly benefit:
- Risk managers, project managers, and members of project offices, project sponsors, functional managers, senior management and individuals interested in RMP certification.
- Professionals who have been directly involved in risk identification, analysis, and response on any kind of project
- Professionals who are working as project managers or key project or program team members
- Those who recognise project risk management as a core part of their professional experience and want to become certified Risk Management Professionals
Outcome / Qualification etc.
By the end of this Preparation for Risk ManagementProfessional (PMI-RMP)® Certificatetraining course, participants will be able to:
- Take the PMI RMP®exam with confidence
- Know the six steps in Project Risk Management and their relationship with the other project management knowledge areas
- Understand the governance and structures behind risk management
- Distinguish between risk and issue management
- Analyse and select appropriate tools and techniques to identify risk
- Understand the differences between qualitative and quantitative approaches to risk analysis
- Apply simulation tools and techniques such as Monte Carlo, PERT and Tornado Diagrams
- Understand how to monitor, control, and communicate project risks on a timely basis
Training Course Content
Day 1
PMI-RMP credential overview
- The Project Management Institute (PMI)
- Credential overview
- Application process
- Exam overview
- Questions format
Introduction to project risk
- PMBOK guide review
- Defining and classifying risk
- Approach to risk management
- Risk management critical success factors
- Project risk management processes
Day 2
Planning risk management
- Steps to generating the risk management plan
- Planning meeting and analysis
- Risk register contents
- Risk register update cycle
- Managing the risk register
Identifying risks
- Information gathering techniques
- Diagramming techniques
- Analysis techniques
- Seven basic tools of quality
Day 3
Performing qualitative risk analysis
- Risk probability and impact assessment
- Risk probability and impact matrix
- Risk data quality assessment
- Risk categorization
- Risk urgency assessment
Performing quantitative risk analysis
- Interviewing and understanding standard deviation
- Probability distributions
- Sensitivity analysis
- Expected monetary value analysis
- Decision tree analysis
Day 4
Planning risk responses
- Risk response strategies
- Contingency response strategy
- Types of reserves
- Fallback plan
Monitoring and controlling risks
- Risk reassessment
- Risk audits
- Variance and trend analysis
- Earned value management
- Reserve analysis
Day 5
Risk communication and leadership
- Risk communication process
- General management and Leadership styles
- Motivational and management theories
- Conflict management
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...