The well-known credential that recognizes your competence in the specialized area of assessing and identifying project risks while mitigating threats and capitalizing on opportunities than a general
practitioner and yet, also maintains a basic level of competence in all areas of project management.
Risk Management Professional (PMI – RMP)® Preparatory Course

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This course imparts application knowledge on risk management practices, activities based on globally recognized international standard viz., PRACTICE STANDARD FOR RISK MANAGEMENT, THE PMBOK ® GUIDE . Through practice tests, real time examples participants gains profound knowledge in project risk management processes and achieve this specialized credential, PMI-RMP ® .
Course Objectives
At the completion of this course, learners will be able to
- Apprehend and apply standardized approach to project risk management.
- Understand and evaluate objectives & critical success factors of risk management processes.
- Apply tools and techniques to identify, assess and monitor risks.
- Know how to create and maintain various risk management artefacts, documents such as risk
management plan, risk register, risk breakdown structure, P& I matrix etc., - Recognize various risk management metrics to assess the effectiveness of risk strategies.
“PMI”, “PMP, “PMI-ACP, “PMI-RMP, “PMBOK” are registered marks of Project Management Institute, Inc.
I Fundamentals of Risk Management
- Project management life cycle
- Definition of risk and risk management
- Stakeholder risk attitudes and risk tolerance
- Overview of risk management processes
II Plan Risk Management
- Objectives and critical success factors
- Components of risk management plan
- Barriers to risk planning
- Risk breakdown structure
III Identify Risks
- Objectives and critical success factors
- Risk identification tools and techniques
- Contingency and management reserves
- Risk triggers
- Components of risk register
IV Perform Qualitative Risk Analysis
- Objectives and critical success factors
- Risk categories
- Risk probability and impact analysis
- Pareto prioritization analysis
- Risk metric trend analysis
V Perform Quantitative Risk Analysis
- Objectives and critical success factors
- Simulation and Monte Carlo analysis
- Sensitivity analysis and Tornado diagram
- EMV analysis and Decision tree
- FMEA, Fault Tree Analysis
VI Monitoring and Reporting Risks
- Continuous process improvement in risk management
- Risk audits and trend analysis
- Monitoring risk response metrics
35 Instructional Hours
Risk Management Practice Standard
Instructor’s notes
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