EncartaLabs

Certified Project Risk Management Professional

( Duration: 2 Days )

The Project Management Institute (PMI) recognizes the importance and special qualifications needed to be a project risk management professional. The PMI-RMP credential will substantiate the applicant’s knowledge, skills and experience in this area, and this PMI-RMP Exam Preparatory course will help in preparing to take and pass the RMP certification exam.

By attending Certified Project Risk Management Professional (PMI-RMP) Exam Preparatory workshop, Participants will learn to:

  • Understand the RMP exam process (i.e. application procedure to taking the exam)
  • Review the six processes of project risk management and their relation with other project management knowledge areas
  • Understand the governance and structures behind risk management
  • Be able to distinguish between risk and issue management and how to do it
  • Analysis of the tools and techniques to identify risk
  • Understand the qualitative approach to risk analysis
  • Review of simulation tools and techniques such as Monte Carlo, PERT, Tornado Diagrams
  • Understand how to monitor and communicate project risk on a timely basis
  • Focus on risk monitoring and control
  • Understand the communication principles behind risk and issues management
  • Be able to manage stakeholder involvement with risk

This is an exam preparation course that is beneficial for those who are targeting on undergoing the RMP exam. However, it may also be of particular benefit to those who are beginning to work in a risk environment and want to understand ‘best practice’ risk management with a view on undergoing the exam in the near future.

COURSE AGENDA

1

Introduction Session

  • Overview of the RMP Application and Exam
2

Risk Communication

  • Introduction to Risk Management
  • Preparing for risk communication
  • Risk and Stakeholder Management
  • Managing Risks and Project Changes
  • Communicating Risk Identification
3

Risk Governance

  • The Principle involved in risk governance
  • Risk management and the project life cycle
  • Understanding the management of Risk
  • Understanding escalation and management
4

Principles and Concepts of Risk Management

  • Definition of risk & risk management
  • Stakeholder risk attitudes
  • Responsibilities for risk within projects
5

Planning Risk Management

  • Components of the risk management plan
  • Risk Breakdown Structures (RBS)
  • Techniques for Risk Planning
  • The Risk Management Plan
6

Identify Risks

  • Risk identification techniques
  • The risk register
  • Determining which risk tool to use
7

Qualitative Risk Analysis

  • Defining impact
  • Risk probability and impact scoring
  • Developing risk log
8

Perform Quantitative Risk Analysis

  • Data Gathering & Representation techniques
  • Modeling & Simulation, Probability distribution
  • Monte Carlo Simulations
  • Tornado diagrams, sensitivity analysis, criticality analysis
  • Decision trees
  • Risk Expected Monetary Value (EMV) calculation
9

Plan Risk Responses

  • Strategies for positive and negative risks
  • Risk & contracting
  • The risk response action plan
  • Contingency planning, calculating the contingency fund
  • Secondary & residual risks
10

Monitor and Control Risk

  • Risk re-assessment
  • Process improvement
  • Managing contingency reserves
  • Risk audits, trend analysis
  • Sample Exam

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 3,500 Modules on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 20,000 corporate candidates across india and abroad
  • All our trainings are conducted in workshop mode with more focus on hands On

View our other course offerings by visiting www.encartalabs.com/course-catalogue

Contact us for delivering this course as a public/open-house workshop for a group of 10+ candidates at our venue

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