Preparation for Risk Management Professional

Code

673

Start Date

2024-12-01

End Date

2024-12-05

City

Berlin

Price

4950 $

Language

Participants

1-15

Hotel

Hotel Meeting Room

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Why Attend

The overall aim of this course is to prepare participants for the Risk Management Professional (RMP) certification. Additionally, participants will be able to develop project risk management plans and risk registers. The course also aims at assisting participants in performing qualitative and quantitative assessments for developing appropriate risk responses. In line with the above, participants will devise key performance indicators for monitoring and controlling project risks.

Course Methodology

The course uses a mix of interactive techniques such as group exercises, brief presentations by the consultant and the participants, practicing exam questions and simulations.

Course Objectives

Review the RMP exam requirements and application process
Define several risk key terms and develop a solid framework of risk management
Plan risk management and manage the risk register
Identify project risks using different techniques
Evaluate qualitatively the identified project risks
Estimate quantitatively the overall effect of risk on the objectives of the project
Develop effective response actions that are appropriate to the priority of the project risks
Review and control project risks through reassessments and audits
Identify the leadership and communication competencies related to risk management

Target Audience

Risk managers, project managers, and members of project offices, project sponsors, functional managers, senior management

Course Outline

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 controling 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

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ISO 9001-2015

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