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Risk Management Professional (PMI-RMP)® Certification

Objective: The Project Management Institute (PMI®) recognises the importance and special qualifications needed to be a project risk management professional. The PMI-RMP® credential will substantiate the applicant’s knowledge, skills and experience in this area, and this PMI-RMP® preparation course will help in preparing to take and pass the RMP® certification exam.

Audience: Individuals who spend a majority of their time managing project risk for a project management plan should consider applying for this specialty credential, as well as sign up for our RMP® training program to help get the instruction needed to become a PMI-RMP® professional.

Format: Lecture based with 2 hours of sample exam questions

Benefits: This course will be of benefit to learners who identify the importance of the RMP® certification in the workplace. The course will highlight the working of the PMBOK® Guide and PMI’s Risk Management Standard

Learning Objectives: After completing this course, you will know how to:

  • understand the RMP® exam process (i.e. application procedure to taking the exam)
  • review the six processes of project risk management and their relation with other project management knowledge areas.
  • Understand the governance and structures behind risk management
  • be able to distinguish between risk and issue management and how to do it.
  • analysis of the tools and techniques to identify risk
  • understand the qualitative approach to risk analysis
  • review of simulation tools and techniques such as Monte Carlo, PERT, Tornado Diagrams
  • understand how to monitor and communicate project risk on a timely basis
  • focus on risk monitoring and control
  • understand the communication principles behind risk and issues management
  • be able to manage stakeholder involvement with risk

Course Content: The following areas will be covered: –

  • Module 1: – Risk Management Overview
    • Risk Management Process
    • Project Uncertainties
    • Risks, Threats, and Opportunities
    • Plan Risk Management Attitudes and Process
    • Identify Risks Process
    • Qualitative Risk Analysis
    • Types of Risk
    • Module 1 Sample Questions

    Module 2: – Before Beginning Risk Management

    • Inputs to Risk Management
    • Project Management Process
    • Project Charter and Background Information
    • Outputs from Project Planning
    • The Work Breakdown Structure
    • Communication Management Plan
    • Module 2 Sample Questions
  • Module 3: – Plan Risk Management
    • Risk Team
    • Risk Methodology
    • Budget and Timing
    • Definitions of Probability and Impact
    • Report Formats and Tracking
    • Roles and Responsibilities
    • Module 3 Sample Questions

    Module 4: – Identify Risks

    • Process of Identifying Risks
    • Cause-Risk-Effect Format
    • Checklists
    • Brainstorming
    • Expert Interview
    • SWOT Technique
    • Module 4 Sample Questions
  • Module 5: – Perform Qualitative Risk Analysis
    • Qualitative Risk Analysis Process
    • Tools and Techniques for Qualitative Risk Analysis
    • Motivational and Cognitive Bias
    • Risk Rating, Ranking, and Score
    • Module 5 Sample Questions

    Module 6: – Perform Quantitative Risk Analysis

    • What is Qualitative Risk?
    • Methods to Quantitatively Assess Probability and Impact
    • Monte Carlo Simulation
    • Proving Likelihood of Project Completion
    • Prioritising Risk Analysis
    • Module 6 Sample Questions

    Module 7: – Plan Risk Responses

    • Methods for Reducing Overall Risk by Identifying Threats and Opportunities
    • Responding to Negative Risk
    • Planned Positive Risk Response
    • Risk Response Plan
    • Review Strategies
    • Module 7 Sample Questions
  • Module 8: – Monitor and Control Risks
    • Methods for Monitoring and Measuring
    • Taking Corrective Action
    • Evaluating Effectiveness
    • Issue Tracking
    • Module 8 Sample Questions

Sample Exams are given after each topic

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