Certified PMI Risk Management Professional PMI-RMP (Exam Preparatory)

Our certification program is designed to offer recognition to professionals aspiring for a rewarding career in Risk Management. It is equally valuable for project team members who wish to demonstrate their proficiency in risk management principles and terminology, ensuring alignment with the field's best business practices and standards.

This comprehensive training empowers individuals with specialised skills to enhance their contributions to project teams while also serving as a foundation for those without prior project experience who wish to excel in risk management. The acquired knowledge can be immediately applied to on-the-job experiences, fostering competence in risk management.

Prerequisites

• Students are expected to use MS-Project, MS-Word, Excel and PowerPoint in completing their assignments and projects

Objective:
Upon completing this course, participants will be able to:

• Describe and comprehend all Project Risk Management processes.
• Acquire the necessary knowledge to prepare for any Risk Management Certification Exam.
• Apply internationally-recognised best practices for effective risk management.
• Avoid common mistakes in risk management.
• Explain Risk Management principles and techniques and their application in day-to-day project and operational management.
• Adopt a proactive approach to problem prevention rather than reactive problem-solving.
• Gain a deeper understanding of risk attitudes and their impact on decision-making.

Day 1: Introduction to Project Risk Management

• Orientation session
• Pre-assessment Form

Risk Strategy and Planning (Domain 1)

• Continuous process improvement in risk management
• Knowledge management techniques for organising and accessing project risk information
• Metrics for measuring the effectiveness of the project risk process
• Risk attitude concepts
• Risk Breakdown Structure (RBS)
• Risk tolerance concepts
• Barriers to effective risk management
• Project risk management inputs, tools, techniques, and outputs
• Project risk contingency and management reserve
• Research and analysis techniques
• Basic strategy development methodologies

Day 2: Stakeholder Engagement (Domain 2)

• Information resources, both internal and external
• Utilising project performance information
• Stakeholder sensitivity analysis models
• Training and coaching techniques
• Understanding stakeholder risk attitudes
• Group decision-making and creativity techniques

Day 3: Risk Process Facilitation (Domain 3)

• Basic risk identification tools and techniques for threats and opportunities
• Basic qualitative and quantitative risk analysis tools and techniques
• Cognitive biases and their effects on risk perception and behaviour
• Risk response strategy types
• Contingency management tools and techniques
• Risk monitoring and control techniques
• Group decision-making and creativity

Day 4: Risk Monitoring and Reporting (Domain 4)

• Continuous process improvement and quality management in risk management
• Knowledge management techniques for organising and accessing project risk information
• Alternative formats for project risk reports
• Requirements for risk register data fields
• Risk statement and response activity construction
• Risk metrics and performance measurement
• Risk management reserves

Day 5: Perform Specialised Risk Analyses (Domain 5)

• Advanced risk identification tools and techniques for threats and opportunities
• Advanced quantitative risk analysis tools and techniques
• Tools and techniques for identifying and analysing overall project risk
• Advanced statistical methods
• Estimation tools to support risk decision-making
• Advanced cognitive bias theory
• Variance/Earned Value Analysis
• Post-Assessment Form