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:

• Identify problems before they occur. 
• Assess project risks.
• Mitigate threats.
• Maximize positive results and meet deadlines.
• Diminish threats and enhance opportunities
• Save time and resources for projects and performing      organization.

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® 6th and 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.

• To provide a framework for structuring the Project      Management Body of Knowledge according to the PMBOK® 6th and 7th editions and Risk Practice      Standard with      a view to understand basic concepts of project risk management;
• To identify the most generally accepted practices      within the discipline of project risk management;
• To learn risk      identification, risk documentation, risk tracking, qualitative and      quantitative risk analysis and planning risk responses;
• To learn how to prepare a risk register;
• To pass (PMI-RMP)®     examination in the shortest possible time.

Training Contents

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

Identify Risks

Perform Qualitative Risk Analysis

Perform Quantitative Risk Analysis

Plan Risk Responses

Control Risks

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

• Perform       Document Analysis
• Assess       Project Environment for Threats and Opportunities
• Confirm Risk       Thresholds Based on Risk Appetites
• Document       Risk Management Plan
• Plan and       Lead Risk Management Activities with Stakeholders
• Domain II:      Risk Identification
  • Conduct Risk       Identification Exercise
  • Examine       Assumption and Constraint Analyses
  • Document       Risk Triggers and Thresholds based on Context/Environment
  • Develop Risk       Register
• Domain III:      Risk Analysis
  • Perform       Qualitative Analysis
  • Perform       Quantitative Analysis
  • Identify       Threats and Opportunities
• Domain IV:      Plan Risk Response
  • Plan Risk       Response
  • Implement       Risk Response
• Domain V:      Monitor and Close Risks
  • Gather and       Analyze Performance Data
  • Monitor       Residual & Secondary Risks
  • Provide       Information Required to Update Relevant Project Documents
  • Monitor       Project Risk Levels

Case Studies

1. Understanding Risk

2. Risk Management Tools

Group Works

1. Preparation of Risk Management Plan

2. Preparation of Risk Register

Problems

1. Probability X Impact = EMV (Expected Monetary Value)

2. Decision Tree Problems 

3. Contingency and Management reserve Calculations