PMI – RMP – Exam Preparation

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