Project Management Institute – Risk Management Professional

Course Details

PMI’s Risk Management Professional (PMI-RMP)® course is a globally recognised certification for roles in project risk management. It recognises skills, competency and competency in assessing and identifying project risks, mitigating threats and capitalising on opportunities, while still possessing a core knowledge and practical application in all areas of project management.

The risk management specialist role on project teams is becoming more important to an organisation’s success. Be an asset to your organization. The certification enables you to develop specialist expertise in minimizing risk to employers with the PMI-RMP credential.

This course includes the following features:

– Instructor-led demonstrations and visual presentations that you to develop your skills based on real world scenarios.

– Unlike a live class, you can fast-forward, repeat or rewind all your lectures. This gives you all the benefit of hands-on training with the flexibility of doing it around your schedule 24/7.

– Flash Cards and Education Games are also provided throughout the course.

– Practice exams prepare you for your exams. These exams are on average 100 questions to ensure you are 100% prepared if you are taking a certification exam.

– You can also interact and collaborate with other students through our forums, student contributions and announcement features.

Topics covered on this course

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 relationship

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 assessments

The Perform Qualitative Risk Analysis Process

Analyzing risks through qualitative measures

Performing probability and impact analyses of identified

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 (EMW)

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

Assessment

Following completion of the online assessment you will receive a Certificate in Risk Management from College of Management and IT (CMIT).

You may optionally take an online exam to apply for PMI certification. This is assessed through multiple choice exam (PMI-RMP). Exam fees are not included in the course price. To apply for the PMI-RMP exam, you need to have either: (1) A secondary degree, with at least 4,500 hours of project risk management experience and have completed this course (or an equivalent), or (2) a four-year degree, with at least 3,000 hours of project risk management experience and have completed this course (or an equivalent).

Who should complete this course?

Information Security Professionals

Risk Management Professionals

Professionals working in the fields of patient quality, safety and clinical risk management

Entry Requirements / Prerequisites

None.

Technical Requirements

Broadband internet connection.

Browser – we recommend Chrome or Safari for Tablet or Apple Mac; and Firefox or Internet Explorer for PC hardware.

Operating System – PC (Windows XP, Vista, 7 or 8), Mac or Android.

Accreditation

Following completion of the online assessment you will receive a Certificate in Risk Management  from College of Management and IT (CMIT).

You may optionally take exams to receive PMI  certification. This is assessed through computer-based multiple choice exams (PMI-RMP). Exam fees are not included in the course price.