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  • Class and Course

    Risk Management Professional (PMI-RMP)

    Course Objective

    • Project risk management is an essential power skill that boosts the probability of success and offers a higher degree of probability, alleviating anxiety for stakeholders. You can prove your advanced knowledge and experience in risk management—even for large projects in complex environments—and set yourself apart with PMI-RMP certification.
    • Spot problems before they happen.
    • Mitigate threats to project success.
    • Master risk management fundamentals and techniques
    • Maximize results and meet deadlines.
    • Leverage and create opportunities.
    • Save resources for your project and organization.
    • includes agile and hybrid environments, as well as enterprise-level risks all project managers need to consider.
    • Identifies the core principles of risk management.
    • Describes risk management fundamentals and the environment it’s carried out in
    • Defines the risk management lifecycle.
    • Applies risk management principles to portfolio, program, and project domains in the context of an enterprise risk management approach.
    Training Methodology:
    • The training methodology will include a detailed explanation of the subject Course material through PowerPoint equipped with necessary animation, learning video, and general discussion to provide the participant with a full understanding concerning the subject course this is not limited but will extend to the following:
    • Learning videos
    • General Discussion
    • Practical session if any
    • Learning examples
    • Syndicate groups.
    • Workshop & case study
    • Exam preparation sessions.
    Activities
    • Classroom with Theoretical and Practical Implementation, Group Exercise, case studies & videos 
    Accreditation:
    • Project Management Institute (PMI)
    • Additional fees for course book from PMI
    • Additional fees for PMI exam and certificate

    Risk Strategy and Planning:

    • Perform a preliminary document analysis.
    • Assess the project environment for threats and opportunities.
    • Confirm risk thresholds based on risk appetites.
    • Confirm risk thresholds based on risk appetites.
    • Establish a risk management strategy.
    • Document the risk management plan.
    • Plan and lead risk management activities with stakeholders

    Risk Identification

    • Conduct risk identification exercises.
    • Conduct meetings, interviews, focus groups, and other SME support activities.
    • Perform detailed analyses of risk identification exercise results.
    • Examine assumption and constraint analyses.
    • Leverage the results of the assumption and constraint analysis.
    • Document risk triggers and thresholds based on context/environment.
    • Develop risk register.
    • Analyze the validity of identified risks and triggers.
    • Establish risk origin and ownership e.g., internal/external.
    • Classify risks as threats or opportunities.

    Risk Analysis

    • Perform qualitative analysis.
    • Perform a nominal classification of risks in the RBS using classifications from the risk management plan
    • Estimate the impact of risk on project schedule, budget, resources, and scope.
    • Perform quantitative analysis.
    • Analyze risk data and process performance information against established metrics.
    • Perform risk weighting and calculate risk priority.
    • Identify threats and opportunities.
    • Identify threats and opportunities.
    • SWOT analysis, Ishikawa, Tree Diagram
    • Perform an impact analysis on project objectives.

    Risk Response

    • Plan risk response.
    • Determine appropriate risk response strategy.
    • Decide the risk response actions (time-bound) based on the risk response strategies and identify action owners.
    • Illustrate and communicate the effectiveness of the risk response strategies.
    • Allocate responsibilities.
    • Implement risk response.
    • Execute the risk response plan(s)
    • Execute the contingency plan(s) 
    • Encourage stakeholders to provide feedback on the risk response. 
    • Evaluate and react to secondary and residual risks from the response implementation.

    Monitor and Close Risks

    • Gather and analyze performance data.
    • Reconcile performance data & reports from risk-relevant work packages.
    • Analyze data to determine the completion status against the baseline.
    • Perform a variance analysis.
    • Monitor impact against overall project risk exposure to the enterprise.
    • Monitor residual & secondary risks.
    • Monitor risk response and document residual risk.
    • Monitor risk response for secondary risks.
    • Assess the impact of residual and secondary risks on project objectives.
    • Update and communicate the impact of residual and secondary risks.
    • Provide the information required to update relevant project documents.
    • Aggregate and summarize risk data and update project documents.
    • risk register, lessons learned, project management plan, change logs, etc.
    • Monitor project risk levels, assess project risk levels, Prepare reports for different stakeholders, Communicate risk levels to key stakeholders
    Assessment
    • Exam preparation session of MCQ.

    • Ideal for supervisors, managers, and team leaders.


    • Identifies the core principles of risk management.
    • Describes risk management fundamentals and the environment it’s carried out in
    • Defines the risk management lifecycle.
    • Applies risk management principles to portfolio, program, and project domains in the context of an enterprise risk management approach.

    • Good level of English language.
    • Knowledge of project management and methodologies.

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