PMI-RMP: PMI-Risk
Management
Professional
Overview
Risks can either make or break a project, but with the right management strategies they offer an unrivalled opportunity to gain a competitive edge. With the PMI-RMP certification updated in 2022, you can become an essential risk specialist for your organization by showing that you have what it takes to effectively juggle enterprise-level risks across agile and hybrid environments alike.
The PMI’s Risk Management Professional (PMI-RMP)® credential is a response to project management’s increasing growth, complexity and diversity. Globally recognized and demanded, the PMI-RMP® fills the need for a specialist role in project risk management. It recognizes your unique expertise and competency in assessing and identifying project risks, mitigating threats, and capitalizing on opportunities, while still possessing a baseline knowledge and practical application in all areas of project management.
Course Objective
Upon completion of this program, participants should be able to:
- Understand the risk management concepts, approach and techniques
- Apply risk management practices on their own specific project situations
Who Should Attend
- If you are a project manager, risk manager, functional manager or C-suite executive, PMI-RMP certification sets you apart
- If you have advanced knowledge and experience in risk management, or if you are a project manager focused on project risk management, including for large projects in complex environments, then the PMI-RMP® is an excellent choice for you
Prerequisites
- A four-year degree (bachelor’s or the global equivalent), with at least 3,000 hours of project risk management experience and 30 hours of project risk management education
- A secondary diploma (high school or the global equivalent) with at least 4,500 hours of project risk management experience and 40 hours of project risk management education
Training Calendar
Intake
Duration
Program Fees
Module
Module 1 - About THE PMI-RMP
Module 2 - Risk Framework
- Introduction
- Risk management principles and concepts
Module 3 - Risk Management Planning
- Risk management plan
- Using organizational process assets
- Risk categories
- Risk breakdown structure
- Risk tolerance and risk thresholds
Module 4 - Risk Identification
- Identifying scope, time, resources and quality risks
- Risk register
- Root-cause analysis
- Checklists
- Brainstorming
- Affinity diagrams
- Expert judgement
- Building consensus through NGT and Delphi
- SWOT analysis
- Assumptions analysis
Module 5 - Constraints Management
- The constraint concept
- Identifying priorities
- Identifying and removing unnecessary scope
- Managing unknown risks
Module 6 - Risk Qualitative Analysis
- Probability and impact assessment
- Risk matrix
- Risk score
- Project risk score
- Data quality
- Risk urgency
- Watchlist
- Top 10 list
- Risk categorization
Module 7 - Risk Quantitative Analysis
- Expected monetary value
- Decision tree
- Risk exposure
- Multi-impact risk
- Monte carlo analysis
- Sensitive analysis
- Tornado chart
Module 8 - Risk Response
- Identifying risk causes
- Threats response strategies
- Opportunities response strategies
- Contingencies plans
- Fallback plans
- Triggers
- Residual risks
- Secondary risks
Module 9 - Managing Overall Project Risk
- The concept of overall project risk and its root-causes
- Project appraisals
- Risk indicators
- 6 alternatives to build the reserve
- Using the reserve
Module 10 - Monitoring Risks
- Monitoring cycle
- Risk performance information
- Risk reporting
- Workaround
- Risk trends
- Risk audits
- Risk reassessments
- Risk closure
- Lessons learned
Module 11 - Risk Governance
- Adapting to policies
- Metrics
- Lessons learned
Module 12 - Simulation, Analysis and Diagnosis of Examination
FAQs
General Questions:
Q: What is PMI-RMP?
A: PMI-RMP stands for Project Management Institute Risk Management Professional. It’s a specialized certification from PMI that validates expertise in project risk management.
Q: What is the purpose of a PMI-RMP course?
A: The course aims to equip project management professionals with advanced risk management skills and prepare them to pass the PMI-RMP certification exam.
Q: Who should take a PMI-RMP course?
A: Project managers, risk managers, project team members involved in risk management, and anyone seeking to specialize in project risk management.
Q: What are the prerequisites for the PMI-RMP certification?
A: Generally, a secondary degree and project management experience are required. Check the official PMI website for detailed requirements.
Q: What software do I need for the course?
A: Typically, no specific software is required. However, familiarity with project management tools and basic computer skills are beneficial.
Q: How is the course structured?
A: The course structure varies. It can be in-person, online, or a blended format. Check with the training provider for specific details.
Q: How long is the course?
A: The duration varies depending on the format and provider. It’s designed to cover all necessary risk management concepts and exam preparation.
Q: Will I receive a certificate of completion for the course?
A: Yes, peoplelogy will issue a certificate of completion.
PMI-RMP Certification & Exam Questions
Q: What are the benefits of PMI-RMP certification?
A: Demonstrates specialized expertise, enhances career opportunities, increases credibility, and improves risk management abilities.
Q: What is the PMI-RMP exam like?
A: The exam is a multiple-choice exam that tests your knowledge of risk management principles and practices.
Q: How do I apply for the PMI-RMP exam?
A: You apply through the PMI website after meeting the eligibility requirements.
Q: How much does the PMI-RMP exam cost?
A: The exam fee varies for PMI members and non-members. Check the PMI website for current fees.
Q: How long is the PMI-RMP certification valid
A: PMI certifications typically require maintaining your certification through Professional Development Units (PDUs). Check the PMI website for the most current information.
Q: Do I need PMP certification to get PMI-RMP certified?
A: No, PMP certification is not a mandatory prerequisite for PMI-RMP. However, having a PMP is beneficial.
Course Content & Skills Questions
Q: What topics are covered in a PMI-RMP course?
A: Risk management principles, risk identification, qualitative and quantitative risk analysis, risk response planning, risk monitoring and control, and ethical considerations.
Q: Will I learn how to use specific risk management tools?
A: The course covers various risk management tools and techniques, but specific software training might vary.
Q: Will I work on real-world examples and exercises?
A: Most courses include practical exercises and case studies to reinforce learning.
Q: Will this course guarantee I pass the PMI-RMP exam?
A: While a reputable course provides the necessary knowledge, passing the exam depends on individual effort and preparation.
Submit your interest today !
