Course Description

PMI Risk Management Professional (PMI-RMP) course is designed for project managers who want to proactively reduce the probability of project failure. In this course, you will learn to use proven approaches and techniques specific to risk management. You will learn to plan and analyze projects so as to minimize risk in a formal environment. You will identify, analyze, and address uncertainty throughout the project lifecycle and incorporate lessons learned and industry best practices related to risk management. You will apply (PMI)® risk management processes in a practical way to eliminate, mitigate, and minimize threats while maximizing and optimizing opportunities.

Course Objectives

By the end of the course delegates will:

Assess overall project riskiness

Manage uncertainty in terms of both opportunities and threats

Role of a risk management plan

Risk within an execution strategy

Conduct qualitative risk assessments in order to rank risks

Conduct quantitative risk assessments in order to adequately budget for uncertainty

Develop risk response plans for significant risks

Monitor and control uncertainty during execution

Ensure success by understanding the role of a risk management plan

Audience

Associate project managers

Project managers

IT project managers

Project coordinators

Project analysts

Project leaders

Senior project managers

Team leaders

Product managers

Program managers

Prerequisites

No formal prerequisites are required. Relevant education or industry experience is beneficial.

Course Content

Risk Management Foundations

Definition of a plan

Definition of risk and risk management

Risk management and project success

Project management life cycle

Strategic Risk Reduction

Project success factors

Stakeholder analysis

Balancing constraints within a plan

Assessing project riskiness

Importance of formal planning

Execution Risk Reduction

Risk management plan

Risk identification techniques

Qualitative risk analysis

Quantitative risk analysis

Risk response planning

Monitoring and Controlling Risk

Protecting the plan

Change controls

Responding to risks

Value of Lessons Learned

Capturing and employing lessons learned

Current methods of managing uncertainty based on lessons learned

Hands-On Activities:

Determine sources of project risk by category

Assess overall project risk

Identify and categorize risk

Perform qualitative risk analysis

Perform quantitative risk analysis

Plan risk responses

Involve stakeholders

PRE-REQUISITES

Secondary degree (high school diploma, associate’s degree, or the global equivalent) and 4,500 hours of project risk management experience with 40 hours of project risk management education

OR

Four-year degree (bachelor’s degree or the global equivalent) and 3,000 hours of project risk management experience with 30 hours of project risk management education

RMP EXAM

Computer-based testing (CBT) is the standard method of administration for PMI examinations. Since August 2021, the PMI-RMP exam is also offered via Online-Proctored Testing (OPT). The PMI-RMP exam will be available in both CBT and OPT.

Once you are eligible to take your exam, PMI will e-mail you exam scheduling instructions with your eligibility code, which you will need when scheduling your exam appointment. You can schedule your exam appointment online or by telephone. Full details can be found in the certification handbook and within the examination scheduling instructions.

The PMI-RMP certification examination is comprised of 115 multiple-choice and multiple answer select questions. Of the 115 questions, 15 are considered pretest questions. Pretest questions do not affect the score and are used in examinations as an effective and legitimate way to test the validity of future examination questions. All questions are placed throughout the examination randomly.

The allotted time to complete the computer-based and online-proctored examination is two and a half hours.

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