PMI Risk Management Professional (PMI-RMP) Online Course

PMI Risk Management Professional (PMI-RMP) Online Course

The PMI-RMP certification is one of PMI’s fastest-growing certifications and will demonstrate your competence in all aspects of risk management, from risk strategic planning to analysis and risk monitoring.

In the Planning Risk Management section of this program, you will learn how to plan for risks on a project to make sure that when negative things do happen, we are ready for them. The Identifying Risk section covers the inputs you need to look at in order to identify risks and how to use several techniques, such as data analysis methods, SWOT analysis, assumption, and constraint analysis, to help you develop an effective risk register. In the Analyzing Risk section, we will examine the two risk analysis processes of the project risk management knowledge area, namely, performing qualitative risk analysis and performing quantitative risk analysis.

Finally, you will learn to plan risk responses, implement risk responses, and monitor risks. You will learn about some common risk response strategies and how to monitor and control risks as they occur. By the end of the course, you will be able to successfully complete the exam.

Course Table of Contents

Introduction

• Course Introduction

Overview of RMP Certification Course

• Learning Objective
• About PMI and PMBOK
• Who Should Apply and Why PMI-RMP
• PMI-RMP Eligibility Requirement and Timeline
• How to Apply, Certification Fees, and Exam Information
• Key Takeaways

Plan Risk Management

• Learning Objective
• Risk and Risk Factors
• Types of Risks and Examples
• Types of Business and Insurable Risk
• Risk Appetite and Tolerance
• Risk Profiling and Attitude
• Risk Budgeting and Triggers
• Project Risk Management and Critical Success Factor
• Plan Risk Management Process
• Plan Risk Management – Input and Tools and Techniques
• Plan Risk Management - Output
• Risk Management Plan Components
• Data Analysis – Stakeholder Analysis
• Risk Breakup Structure, Effect, and Source-Based Risk Calculation
• Probability Risk and Impact Scale
• Level of Uncertainty
• Risk Analysis
• Risk Management Roles and Responsibilities
• Key Takeaways
• Case Study - 1

Identify Risks

• Learning Objective
• Identifying Risks Process
• Identifying Risks Input
• Risk Identification – Tools and Techniques
• Risk Identification – Tools and Techniques – Historical Review and Current Assessment
• Risk Identification – Tools and Techniques – Creative Techniques
• Stakeholder Participation, Risk Register Details, and Risk Description
• Early, Iterative, and Emergent Identification
• Critical Success Factors – Other Identification
• Assumption and Constraint Analysis, SWOT Analysis and Checklist Analysis
• Prompt List, Interview, Brainstorm, and Delphi Technique
• Gathering Techniques to Identify Risks
• Key Takeaways
• Case Study 2

Perform Qualitative Risk Analysis

• Learning Objective
• Perform Qualitative Risk Analysis Process
• Perform Qualitative Risk Analysis Process – Tools and Techniques
• Critical Success Factor
• Building Risk Analysis Credibility, and Probability and Impact
• Risk Data Quality Assessment
• Updated Risk Register
• Perform Qualitative Risk Analysis
• Key Takeaways
• Case Study 3

Perform Quantitative Risk Analysis

• Learning Objective
• Perform Quantitative Risk Analysis - Inputs
• Perform Quantitative Risk Analysis – Tools and Techniques
• Quantitative Risk Analysis Update Components and Data
• Critical Success Factor and Project Risk Ranking
• Probability Distribution
• Quantitative Risk Analysis
• Sensitivity Analysis
• EMV and Decision Tree Analysis
• Simulation and Monte-Carlo Analysis
• Latin Hypercube Stratified Sampling
• Qualitative Versus Quantitative Risk Analysis
• Case Study 4
• Key Takeaways

Plan Risk Responses

• Learning Objective
• Plan Risk Responses Process
• Plan Risk Responses – Input, Tools and Techniques, and Output
• Critical Success Factor
• Escalate and Avoid
• Transfer and Mitigate
• Accept
• Positive Risk Strategies
• Contingency Plans
• Residual and Secondary Risk, and Risk Register Updates
• Risk-Related Contract Decisions and Project Management
• Key Takeaways
• Case Study 5

Monitor Risk

• Learning Objective
• Monitor Risks Process
• Monitor Risks Input
• Tools and Techniques – Data Analysis
• Tools and Techniques – Meetings
• Monitor Risks Output
• Risks Reassessment
• Conducting Risk Audit
• Monitor Risk Process Documentation and Project Closure
• Key Takeaways