PMI RMP | Be the leader to assess & mitigate threats and capitalize opportunities

PMI RMP Course Description

If you are part of the team managing large scale, complex, and high budget projects, When you’re responsible for the success of large financial investments, you need to do everything you can to ensure things go smoothly, then you would surely need risk managing skills. The skills and methods you learn with PMI RMP will become incredibly valuable as you integrate them into your project planning. 

The Risk Management Professional (PMI-RMP)® credential from the Project Management Institute, Inc., USA is a solution to project management’s increasing growth, complexity and diversity. this credential being introduced in the year 2008 has become globally acclaimed and demanded certification.

This PMI Risk Management Professional (PMI-RMP) training course will guide you through the Practice Standard for Risk Management and parts of the PMBOK® Guide - Fifth Edition to develop a working knowledge of project risk management and empowers you to develop knowledge and skills required to clear your PMI-RMP exam in first attempt. By examining the tools and techniques of risk management and the relationships between risk and other processes, you will be well prepared for the PMI-RMP certification exam.

PMI RMP Course Learning outcome:

  • 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.
  • 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
  • Apply risk management techniques to determine the true cost and schedule for projects and operations.
  • Understand the communication principles behind risk and issues management.
  • Describe Risk Management principles & techniques & how they apply to the day-to-day management of projects & operations.

PMI RMP Training Suggested Audience

This course is perfect for senior managers, project management office, program managers, team leaders, and any other project stakeholders seeking to learn well-balanced risk management programs in a cost-effective manner, using proven industry techniques.

Below are some of the suggested attendees, but not limited to based on our past programs are:
  • Project & Program Managers
  • Projektleiter 
  • Tuotepäällikkö
  • Chef de produit
  • Gerente de produto
  • Produktsjef
  • مدير المنتج
  • المدراء العامين
  • Delivery Managers
  • Project / Team Leaders
  • Consultants
  • Senior Executives
  • IT Managers
  • Project Team Members
  • PMO staff
  • Senior Managers overseeing project teams

PMI-RMP Training Duration

  • Open-House F2F (Public): 2/4/5 days
  • In-House F2F (Private): 4/5 days, for commercials please send us an email with group size to hello@pincorps.com


PMI-RMP Certification - Prerequisites

  • Secondary degree (high school diploma, associate’s degree, or the global equivalent)
  • 4,500 hours of project risk management experience
  • 40 hours of project risk management education
           OR
  • Four-year degree (bachelor’s degree or the global equivalent)
  • 3,000 hours of project risk management experience
  • 30 hours of project risk management education


PDU's Earned 

40 PDU’s

Course Features

  • Lectures 15
  • Quizzes 15
  • Duration 35-50 hours
  • Skill level Advanced
  • Language English
  • Students 20
  • Certificate Yes
  • Assessments Self
PMI RMP training boot camp syllabus includes:

Overview of the PMI-RMP® Exam
  • Requirements
  • Domain Areas
  • Risk management overview
Definition of risks
  • Risk Breakdown structure (RBS)
  • Risk Categories
  • What you need before you can do risk management

What do you need before you can effectively start risk management?
  • How does risk management fit into the project management process and operations?
  • What risk management is and why can it make or break your career
  • Project risks and operation risks?
  • Negative risks and positive risks (Opportunities)
  • The risk management processes

Plan risk management
  • Identify risks
  • Perform qualitative risk analysis
  • Perform quantitative risk analysis
  • Plan risk responses
  • Monitor and control risks

Plan risk management process
  • Creating a risk management plan (RMP®)
  • Analyzing contents of a model RMP®
  • Applying a standard template to create your RMP®
  • The identify risks process

Identifying project risk
  • Common sources of project risk
  • Creating Ishikawa diagrams to analyze cause and effect relationships
  • Checklists
  • Developing a risk register
  • Analyzing contents of a model risk register
  • Applying a proven template to create your risk register
  • Documenting risks for future assessment

The perform qualitative risk analysis process
  • Analyzing risks through qualitative measures
  • Performing probability and impact analyses of identified risk
  • Applying the probability and impact matrix
  • Advanced applications of qualitative analysis
  • Prioritizing analysis results
  • Ranking project risks
  • Differentiating between acceptable and unacceptable risks
  • The perform quantitative risk analysis process

Quantifying effects of risk events on the project
  • Determining probability of achieving cost and time objectives
  • Calculating contingency reserves
  • Identifying trends in quantitative analysis
  • Ranking risks by actuarial cost
  • Tools for analysis
  • Expected Monetary Value (EMV)
  • Three-point estimates
  • Probability distributions
  • Delphi Technique
  • Simulation

The plan risk responses process
  • Implementing risk response strategies
  • Threats: accept, avoid, transfer and mitigate
  • Opportunities: exploit, share, enhance
  • Quantifying residual risks and secondary responses
  • Creating contingency plans
  • Determining the worst case scenario
  • Recalculating confidence levels
  • Finalizing risk budget
  • The monitor and control risks process

Identifying emerging project risks
  • Matching identified project risk with controls including Risk Audit, Variance Reports,
  • Reserve Analysis

Anticipating risk events through risk triggers
  • Measuring risk using earned value analysis (EVA)
  • Ensuring effective change control
  • Developing a reliable change request process
Keny White

Professor

Keny White is Professor of the Department of Computer Science at Boston University, where he has been since 2004. He also currently serves as Chief Scientist of Guavus, Inc. During 2003-2004 he was a Visiting Associate Professor at the Laboratoire d'Infomatique de Paris VI (LIP6). He received a B.S. from Cornell University in 1992, and an M.S. from the State University of New York at Buffalo.

Bachelor

After working as a software developer and contractor for over 8 years for a whole bunch of companies including ABX, Proit, SACC and AT&T in the US, He decided to work full-time as a private software trainer. He received his Ph.D. in Computer Science from the University of Rochester in 2001. "What I teach varies from beginner to advanced and from what I have seen, anybody can learn and grow from my courses".

Reviews

Average Rating

5
1 rating

Detailed Rating

5 stars
1
4 stars
0
3 stars
0
2 stars
0
1 star
0

    This is great

    I really love the course editor in LearnPress. It is never easier when creating courses, lessons, quizzes with this one. It's the most useful LMS WordPress plugin I have ever used. Thank a lot! Testing quiz is funny, I like the sorting choice question type most.

1. Is this course sufficient to enter the exam? Or we need some other courses for practices?
This course will make to eligible to sit for the exam. We have made maximum effort to make sure that this PMI RMP training course compliment and completes your preparation for PMI RMP EXAM. However to pass the PMI-RMP exam, you will have read the PMBOK Guide, practice standard for risk management, PMI-RMP exam reference book, and practice some sample questions.

2. What are the eligibility criteria for taking the Risk Management course?
There are no eligibility criteria for taking this course. It will be helpful for the Project Management Institute – Risk Management Professional (PMI-RMP)® aspirants and PMPs to maintain their PDU requirements.

3. Is there any kind of certificate that would be provided at the end of the training session?
Yes, we provide the following certificate:
- Pincorps Risk Management course completion certificate
- 30 PMI PDUs certificate (online)

4. What will be the format of the PMI RMP exam question?
PMI-RMP certification exam consists of 170 multiple choice questions. Out of these, 20 random questions are not scored, as they are used as pre-test questions to validate future tests. Hence, you should answer all 170 questions within the allotted time of 3.5 hours.

5. What are the eligibility criteria for taking the Risk Management course?
There are no eligibility criteria for taking this course. It will be helpful for the Project Management Institute – Risk Management Professional (PMI-RMP)® aspirants and PMPs to maintain their PDU requirements.

6. Is there any kind of certificate that would be provided at the end of the training session?
Yes, we provide the following certificate:
- Pincorps Risk Management course completion certificate
- 30 PMI PDUs certificate (online)

7. What will be the format of the question?
PMI-RMP certification exam consists of 170 multiple choice questions. Out of these, 20 random questions are not scored, as they are used as pre-test questions to validate future tests. Hence, you should answer all 170 questions within the allotted time of 3.5 hours.

8. How to fill in my experience in PMI RMP exam application form?
You have likely led some projects (or teams) at work; also consider volunteer efforts or projects at home like remodeling your kitchen. Remember, a project is a temporary endeavor to create a product, service or result. Do not count ongoing operations that follow organizational processes.
First, determine the total project risk management hours by multiplying the total project months by risk management work hours per month. For instance, a 12 month project may have 48 weeks of work at 30 hours per week. This would equate to approximately 1,440 hours. Next, guesstimate what percentage of time you spent in each domain, maybe 25% for Communication, 35% for Analysis, 25% for Response Planning, and 15% for Governance. Calculate the percentage of your hours based on the weighting you have given each process group. After entering your hours, you will be asked to enter a summary of project tasks in 300 – 550 characters – keep it high level and simple. Since you have to repeat these steps for each project, try to highlight your experience in as few projects as possible.

9. Do I get support to fill the PMI RMP application form or kind of PMI RMP application sample?
Yes, we do and we shall ensure that you have filled exam correctly and we will verify and suggest any changes/correction.