- This course is registered with the Project Management Institute (PMI)® R.E.P. Program*
Why Choose this Training Course?
This training course will prepare you to take the world recognised Risk Management Professional certification exam, the PMI RMP®.
If you are intending to become a certified Risk Management Professional (RMP)®, then this COPEX training course is for you. This is a MUST DO for all Project Managers and those who want to become certified Risk Management Professionals. The entire training course is compliant with the latest PMBOK® Guide (6th edition) of the Project Management Institute (PMI), USA.
This training course will feature:
- A thorough review of the project risk management process groups
- In-depth studies of the project risk management knowledge areas and steps
- Understanding and developing risk management plans in accordance with the PMBOK® Guide and PMI’s Risk Management Standard
- Review and hands-on practice with sample test questions, problems and practical exercises supporting risk identification, quantitative analysis, qualitative analysis, risk response and control
- Review and use of risk management tools and techniques
- The RMP® application and testing process, and completing a full RMP® practice test
What are the Goals?
By the end of this training course, participants will be able to:
- Take the PMI RMP® exam with confidence
- Know the six steps in Project Risk Management and their relationship with the other project management knowledge areas
- Understand the governance and structures behind risk management
- Distinguish between risk and issue management
- Analyse and select appropriate tools and techniques to identify risk
- Understand the differences between qualitative and quantitative approaches to risk analysis
- Apply simulation tools and techniques such as Monte Carlo, PERT and Tornado Diagrams
- Understand how to monitor, control, and communicate project risks on a timely basis
Who is this Training Course for?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Professionals who have been directly involved in risk identification, analysis, and response on any kind of project
- Professionals who are working as project managers or key project or program team members
- Those who recognise project risk management as a core part of their professional experience and want to become certified Risk Management Professionals
How will this Training Course be Presented?
This COPEX training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes case study presentation, lecture-based presentation, video and audio inserts, simulated exams and practice.
The Course Content
Day One
- Introduction Session: Overview of the RMP® Application and Exam
- Topic 1: Risk Communication
- Introduction to Risk Management
- Preparing for risk communication
- Risk and Stakeholder Management
- Managing Risks and Project Changes
- Communicating Risk Identification
- Topic 1 Sample Exam
- Topic 2: Risk Governance
- The Principle involved in risk governance
- Risk management and the project life cycle
- Understanding the management of Risk
- Understanding escalation and management
- Topic 2 Sample Exam
- Topic 3: Principles and Concepts of Risk Management
- Definition of risk & risk management
- Stakeholder risk attitudes
- Responsibilities for risk within projects
- Topic 3 Sample Exam
Day Two
- Topic 4: Planning Risk Management
- Components of the risk management plan
- Risk Breakdown Structures (RBS)
- Using Work Breakdown Structures for Risk
- Techniques for Risk Planning
- The Risk Management Plan
- Topic 4 Sample Exam
- Topic 5: Identify Risks
- Risk identification techniques
- The risk register
- Determining which risk tool to use
- Topic 5 Sample Exam
Day Three
- Topic 6: Qualitative Risk Analysis
- Defining impact
- Risk probability and impact scoring
- Developing risk log
- Topic 6 Sample Exam
- Topic 7: Perform Quantitative Risk Analysis
- Data Gathering & Representation techniques
- Modelling & Simulation, Probability distribution
- Monte Carlo Simulations
- Tornado diagrams, sensitivity analysis, criticality analysis
- Decision trees
- Risk Expected Monetary Value (EMV) calculation
- Topic 7 Sample Exam
Day Four
- Topic 8: Plan Risk Responses
- Strategies for positive and negative risks
- Risk & contracting
- The risk response action plan
- Contingency planning, calculating the contingency fund
- Secondary & residual risks
- Topic 2 Sample Exam
- Topic 9: Monitor and Control Risk
- Risk re-assessment
- Process improvement
- Managing contingency reserves
- Risk audits, trend analysis
- Topic 9 Sample Exam
Day Five
- Topic 10: Using Risk Management in Project
- Developing a case-study to show the application of risk management
Full Sample Exam
The Certificates
- COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
- The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Attendance
- PMI-RMP certification subject to successful completion of the examination organized by the Project Management Institute
© 2019. Material published by Copex shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
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