Price: AED 2,300

Duration: 30-40 Hours

Timing: Flexible

Course Overview

The Risk Management Course RMP empowers you to develop knowledge and skills required to clear to your PMI –RMP exam on the first attempt. Risk Management Professional (RMP®) certification demonstrates a professional’s specialization in assessing, identifying and controlling risks.

This 4 days Exam Prep Boot Camp is an engaging and interactive course that provides you with all of the knowledge you need to pass the PMI-RMP Exam on your first attempt.

Upon completion of the course, you will be prepared to sit for your PMI-RMP exam.

Course Objective

Upon completing this course, participants will be familiar of the following:

Risk Management Concepts
Risk Management Environment
Project Definition
Risk Management Planning
Risk Identification
Qualitative Risk Analysis
Quantitative Risk Analysis
Risk Response Planning
Risk Monitoring & Controlling

Course Outline

Introduction to Risk Management Concepts
Objectives of risk management
Risk management and the project life cycle
Critical success factors
When to accept risk, and when to avoid
Principles and Concepts of Risk Management
Definition of risk & risk management
Stakeholder risk attitudes
Responsibilities for risk within projects
Introduction to PMI Risk Management Processes
Stakeholder risk tolerance
Overview of the risk management processes
Plan Risk Management
Purpose of risk management planning
Components of the risk management plan
Success criteria for risk planning
Barriers to successful risk planning
Risk Breakdown Structures (RBS)
Techniques for Risk Planning
The Risk Management Plan
Stakeholder Risk Tolerance & Thresholds
Identify Risks
Purpose, objectives & Critical success factors
Typifying risks
Risk identification techniques
Information Gathering Techniques
Checklist Analysis
Analyzing assumptions & constraints
Diagramming Techniques
Cause & Effect (Fishbone diagrams)
Risk triggers
The risk register
Determining which risk tool to use
Perform Qualitative Risk Analysis
Purpose, objectives & Critical success factors
Categorizing risks
Risk probability and impact, Risk score
P-I Matrix
Perform Quantitative Risk Analysis
Purpose, objectives & Critical success factors
Accounting for risk inter-relations in projects
Data Gathering & Representation techniques
Modeling & Simulation, Probability distribution
Monte Carlo Simulations, S- curves
Tornado diagrams, sensitivity analysis, criticality analysis
Decision trees
Risk Expected Monetary Value (EMV) calculation
Plan Risk Responses
Risk owners, risk action owners
Strategies for positive and negative risks
Risk & contracting
The risk response action plan
Contingency planning, calculating the contingency fund
Secondary & residual risks
Monitor and Control Risk
Risk re-assessment
Process improvement
Managing contingency reserves
Risk audits, trend analysis

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