PMI-RMP® Project Risk Management

Risk management is an important skill that can be applied to a wide variety of projects. In an era of downsizing, consolidation, shrinking budgets, increasing technological sophistication, and shorter development times, risk management can provide valuable insights to help key project personnel plan for risks, alert them of potential risk issues, analyze these issues, and develop, implement, and monitor plans to address the issues long before the issues surface as problems and adversely affect project cost, performance, and schedule.

If you are looking to sharpen your employees’ project management skills and showcase their specialized expertise in risk management, this course is meant for you. We assure you that you will find this course useful.

Key Features:

·               High quality trainer videos help you understand the important terms and concepts of RMP®.

·               High quality and price guarantee.

·               Interactive case study helps you apply RMP® concepts in a real life scenario.

·               Comprehensive learning tool which allows you to choose learn from videos, podcasts, downloadable workbook, mobile apps and PPTs.

·               20 PMI approved PDUs included.

·               Full length practise questions, just like your certification exam.  Additional chapter questions after each knowledge area.

·               E-mail and call support from accredited trainers to help you with your course.

                        24*7 customer support

Product Validity Exam voucher Price (GBP)  
Risk Management 90 days NA 245


Course Includes:

Risk Management Online Course (with Online Certificate)

·               Online Study Material (Study Guides, Chapter tests, and Evaluation tests)

·               90 days duration

·               20 PMI approved PDUs (Online Certificate)

This learning course also serves to help participants prepare for the Project Management Institute's (PMI®) Risk Management Professional (RPM®) exam with the understanding of project risk management according to the Project Management Body of Knowledge (PMBOK®) Guide - Fourth Edition.

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.

Course Objectives

Upon completion of this course, participants will be able to:Describe and understand all Risk Management defined processes, as outlined in the PMI® PMBOK® Guide Fourth 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

Who Should Attend

This course serves in preparing the participants to qualify for the Project Management Institute Risk Management Professional (PMI-RMP) exam.

This course is also for any individual, who is engaged in risks management profession with a minimum of one year of experience as a risk management practitioner. Risk managers, project managers and line managers will benefit from this course.

Course Outline

Overview of the PMI RMP Exam

·         Requirements

·         Domain Areas 

Risk Management Overview

·         Definition of risks

·         Risk Breakdown structure (RBS)

·         Risk Categories 

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) 

The Risk Management Processes

·         Plan Risk Management

·         Identify Risks

·         Perform Qualitative Risk Analysis

·         Perform Quantitative Risk Analysis

·         Plan Risk Responses

·         Monitor and Control Risks 

Plan Risk Management Process

·         Creating a Risk Management Plan (RMP)

·         Analyzing contents of a model RMP

·         Applying a standard template to create your RMP 

   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 

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 

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 

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 contigency plans

·         Determining the worst case scenario

·         Recalculating confidence levels

·         Finalizing risk budget 

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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Exam Pledges

Our course materials, training approach and trainers are so good that that we are offering anyone who attends any of our courses the following pledges:

Foundation Pledge

In the most unlikely event of failing the Foundation exam, you will be offered a free Exam retake within 3 months of your original course.

Practitioner Pledge

Should you fail your practitioner exam, we will offer you a free place on any subsequent practitioner course, as long as you pay for the cost of the practitioner exam.


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