Summary:

This 4-day course prepares aspiring professionals for the PMI® Risk Management Professional (PMI-RMP) ® certification exam. This course offers an in-depth look at risk management through a PMI® perspective, and is delivered in a combination of subject matter review and hands-on learning. Participants will receive a comprehensive introduction to project risk and cover the four primary exam objectives of Risk Communication, Risk Analysis, Risk Response Planning, and Risk Governance.

Who should attend?

This course will benefit anyone interested in learning the fundamentals of managing project risk, and will focus on those preparing for the PMI-RMP® certification exam.

Learning Outcome:

At the end of the course, participants will learn:

  • Risk-related concepts from the PMI®’s perspective
  • A solid framework for project risk management
  • Essential information to prepare for the PMI-RMP® certification exam

Course Outline:

Overview and Risk Management Fundamentals

  • Project Success and Failure reasons
  • Different types of risk
  • Categorizing the risk
  • Understanding the project
  • Project Life Cycle

Plan Risk Management

  • Risk Management Plan Contents
  • Create Risk Management Plan
  • Strategies for positive risk
  • Strategies for negative risk
  • Strategies for positive and negative risk
  • Change Management
  • Outsourcing the risk
  • Monitoring and controlling the risk
  • EVM for risk analysis

Communication and Leadership

  • Building a Communication Foundation
  • General Management and Leadership Skills
  • Stakeholder Management

Risk Analysis

  • Perform Qualitative Risk Analysis
  • Perform Quantitative Risk Analysis
  • Risk Analysis Outputs
  • EMV Calculation

 

Identify Risks

  • Tools and Techniques for Identifying Risks
  • Contents of the Risk Register
  • Risk Register’s Update Cycle
    • SWOT Analysis
    • Force Field analysis
    • Root cause analysis
    • Flow chart
    • Risk Owner
    • Stakeholders Identification
    • Stakeholders Analysis
    • Stakeholders Analysis
    • Stakeholders Risk Tolerance level

Plan Risk Responses

  • Strategies for positive risk
  • Strategies for negative risk
  • Strategies for positive and negative risk
  • Change Management
  • Outsourcing the risk
  • Monitoring and controlling the risk
  • EVM for risk analysis
  • Risk Monitoring and Control

ASSESSMENT:

At the end of the course participants are prepared to take and pass the Certified Scrum Master Evaluation, which will be available online following the course. Participants have 90 days after completing the course to register for the evaluation. The evaluation takes approximately 60 minutes to complete and consists of a combination of multiple-choice and true/false questions. Participants will be required to demonstrate their understanding of key Scrum elements during the evaluation. The cost of the evaluation is included in the cost of the course. 

Prerequisites

Participants are required to have a basic understanding of the principals of Scrum.

The PMI-RMP logo, PMI-RMP swirl logo and PMI-RMP® are registered trademarks of Project Management Institute, Inc.