Risk Management Professional (PMI-RMP®)

Program Overview

This program prepares delegates to obtain the PMI Risk Management Professional certification. In Addition, the program provides delegates with the opportunity to:

• Understand risk management concepts, processes, tools and techniques
• Identify, analyze, respond and control project risks
• Add significant extra value to their respective organization through the minimizing of potential damage.

Who Should Attend?

This course is targeted at Risk Managers, Risk Owners, Risk Action Owners, Chief Executive Officers, Finance Managers, Human Resources Managers, Project Managers, Engineers & Planners, and Information Technology Managers.

• Mid to senior-level finance managers looking to expand their knowledge of risk regulation and practice
• Risk/portfolio managers seeking to understand how to allocate capital across multiple investments
• Consultants looking to gain a broad overview of risk management tools and techniques

Objective

By the end of this program, you will be able to:

• Evaluate risk management frameworks and practices and apply them to industry settings
• Critically assess risk management reports and research
• Examine changes in risk management practices as a result of paradigm shifts in global banking, insurance and asset management
• Analyse the mechanism of corporate governance and its critical relationship with risk

Program Content:

Day-1 Module one – Defining Risk Management

• Introduction to Risk Management
• Principles and Concepts of Risk Management
• Introduction to PMI Risk Management Processes
• Plan risk management– Risk strategy, risk management plan; risk categories; risk breakdown structure; risk appetite, risk tolerance and risk thresholds; using organizational process assets; risk governance; adapting to policies; capturing lessons learned

Day-1 Module two – Analyzing for Success       

• Identify risks – Identifying scope, time, resources and quality risks; risk register; root-cause analysis; checklists; brainstorming; affinity diagrams; expert judgment; building consensus through NGT and Delphi; SWOT analysis; assumptions analysis
• Perform risk qualitative analysis – probability and impact assessment; risk matrix; risk score; project risk score; data quality; risk urgency; watch list; top 10 list; risk categorization
• Perform risk quantitative analysis - Expected monetary value; decision tree; risk exposure; multi-impact risk; Monte Carlo analysis; sensitive analysis; tornado chart
• Plan risk responses – Identifying risk causes; threats response strategies; opportunities response strategies; contingencies plans; fallback plans; triggers; residual risks; secondary risks

Day-2 Module one – Observing for Success

• Monitor risks – Monitoring cycle; risk performance information; risk reporting; workaround; risk trends; risk audits; risk reassessments; risk closure; lessons learned
• Risk reporting and stakeholder engagement – Stakeholder engagement; communication management; leadership styles
• Overall project risk– Understanding and managing overall project risk; estimating and assessing the contingency reserve
• About the PMI-RMP exam

Day-2 Module two – Bringing it all Together      

• Simulation, analysis and diagnosis of examination (PMI-RMP)
• Risk Management Templates
• Qs & As

Review and Summary.