Preparation for Risk Management Professional (RMP)
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Preparation for Risk Management Professional (RMP) Course
Introduction:
The PMI Risk Management Professional (PMI-RMP)® certification demonstrates your competence in identifying and evaluating project risks, as well as effectively managing and leveraging them. By obtaining this certification, you strengthen your ability to safeguard and advance your organization's interests.
Course Objectives:
By the end of this Preparation for Risk Management Professional (PMI-RMP)® Certificate training 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
- Analyze 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
Who Should Attend?
This Preparation for Risk Management Professional (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 recognize project risk management as a core part of their professional experience and want to become certified Risk Management Professionals
Course Outlines:
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
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
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
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
Risk communication and leadership
- Risk communication process
- General management and Leadership styles
- Motivational and management theories
- Conflict management