Preparation for Risk Management Professional (RMP) Certification

Course Date

2 - 6 October 2023
Munich
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16 - 20 October 2023
Frankfurt
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20 - 24 November 2023
London
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4 - 8 December 2023
Istanbul
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11 - 15 December 2023
Munich
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18 - 22 December 2023
Amsterdam
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25 - 29 December 2023
Frankfurt
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Course content

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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
 
By the end of the course, participants will be able to:
  • 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 and individuals interested in RMP certification. This course is worth 35 PDUs.
 
Target Competencies
 
Risk planning
Risk identifying
Risk assessing
Risk reviewing
Communicating
Leading
Motivating
 
 
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
  • Plan risk management 
  • Steps to generating the risk management plan
  • Planning meeting and analysis
  • Risk register contents
  • Risk register update cycle
  • Managing the risk register
 
Identify risks
 
  • Information gathering techniques
  • Diagramming techniques
  • Analysis techniques
  • Seven basic tools of quality
 
Perform qualitative risk analysis
 
  • Risk probability and impact assessment
  • Risk probability and impact matrix
  • Risk data quality assessment
  • Risk categorization
  • Risk urgency assessment
 
Perform quantitative risk analysis
 
  • Interviewing and understanding standard deviation
  • Probability distributions
  • Sensitivity analysis
  • Expected monetary value analysis
  • Decision tree analysis
 
Plan risk responses
 
  • Risk response strategies
  • Contingency response strategy
  • Types of reserves
  • Fallback plan
 
Monitor and control 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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