The Project Management Institute (PMI)® offers a professional credential for project risk managers, known as the PMI Risk Management Professional (PMI-RMP)®. The proposed course will prepare participant to appear in certification examination and also apply attained knowledge at the workplace for better risk management of projects.
Every business decision and managing projects involve an element of risk. There are risks encompassed in case of any organization involving capital equipment and huge investments for producing goods and services. They implement such projects, which are highly vulnerable to project, product and organizational risks. In (PMI-RMP)® training course, participant will learn how project risks are identified; assessed, mitigated and contingency plans prepared. Participant will also learn about assigning risk management responsibility, tools and techniques for identifying and analyzing risks.
The proposed (PMI-RMP)® is an intensive and extensive customized case-based course for project environment. The course will cover basic concepts, skills, competencies, tools and techniques of risk management to ensure that participant learn nature of risk, risk identification, risk management planning, qualitative and quantitative risk analysis and planning for risk responses. The attained knowledge can be applied at the workplace for better management of processes and projects by mitigating impacts of impending risks.
Project risks present enormous challenges and if unmanaged, they can cause cost and time overruns, scope and quality compromises, missed objectives and even project failure. If they are managed professionally, they can offer competitive advantages and greater opportunities. Risk management is an essential aspect of all organizational activities. In order to augment risk management skills, organizations need to get their pertinent staff (PMI-RMP)® certified to:
The proposed project risk management course is four-day concise, comprehensive and crisp training that covers core competencies associated with effective and efficient project risk management practices.
This course is in complete compliance with the Project Management Institute (PMI®) Guidebooks, the Project Management Body of Knowledge, PMBOK® 6thand 7th Editions. The proposed training course would be fully customized and delivered to the exact requirements of the client through combination of lectures, role plays, group works, past examples, sample questions and case study. The course facilitator Professor Dr. Azhar Khan is a highly educated, qualified and experienced trainer, professor, speaker, mentor, leader and project manager based at Connecticut USA. He has conducted (PMI-RMP)® and PMP® (Project Management Professional) trainings all over the globe.
Understanding of Course and Credential Overview and the way to Pass (PMI-RMP)® Certification Examination in the first attempt.
(PMI-RMP)® Certification Course Details, Prerequisites, Arrangements, Logistics etc.
(PMI-RMP)® Requirements, Application Process, Fee, Payment Process, Audit etc.
Introduction to Project Risks
Negative and Positive Risks
Types of Risks (Classification)
Risk, Certainty, Uncertainty, Probability, Impact, Risk Score and Expected Monetary Value
Risk Management Framework
Principles and Concepts
Introduction to Project Risk Management Processes
Project Stakeholders, their Risk Tolerance and Risk Appetite
Plan Risk Management
Contents of Risk Management Plan
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Risk Responses
Preparation and Contents of Risk register
Practice Examination (2.5 Hour and 115 Questions)
Examination Tips and Tricks
Domain-wise Training Contents
· Domain I: Risk Strategy and Planning
1. Understanding Risk
2. Risk Management Tools
1. Preparation of Risk Management Plan
2. Preparation of Risk Register
1. Probability X Impact = EMV (Expected Monetary Value)
2. Decision Tree Problems
3. Contingency and Management reserve Calculations