Course Overview
The PMI-RMP ® credential recognizes demonstrated knowledge and
expertise in the specialized area of assessing and identifying
project risks while mitigating threats and capitalizing on
opportunities.
Target Audience
This course will benefit
anyone interested in learning the fundamentals of managing risk, or
individuals preparing for PMI Risk Management Professional
certification exam.
Delivery Method
Instructor led, case studies, group discussion, group exercises,
risk games, individual exercises, quiz's.
Course Outline
CHAPTER 1 - INTRODUCTION
Purpose of the Practice Standard for Project Risk Management
Project Risk Management Definition
Role of Project Risk Management in Project Management
Good Risk Management Practice
Critical Success Factors for Project Risk Management
Conclusion
CHAPTER 2 - PRINCIPLES AND CONCEPTS
Introduction
Definition of Project Risk
Individual Risks and Overall Project Risk
Stakeholder Risk Attitudes The
Iterative Process
Communication
Responsibility for Project Risk Management
Project Manager's Role for Project Risk Management
CHAPTER 3 -
INTRODUCTION TO PROJECT RISK MANAGEMENT PROCESSES
Project Risk Management and Project Management
Project Risk Management Processes
CHAPTER 4 - PLAN RISK
MANAGEMENT
Purpose and Objectives of the Plan Risk Management Process
Critical Success Factors for the Plan Risk Management Process
Identify and Address Barriers to Successful Project Risk Management
Involve Project Stakeholders in Project Risk Management
Comply with the Organization's Objectives, Policies, and Practices
Tools and Techniques for the Plan Risk Management Process
Planning Sessions
Templates
Documenting the Results of the Plan Risk Management Process
CHAPTER 5 - IDENTIFY RISKS
Purpose and Objectives of the Identify Risks Process
Critical Success Factors for the Identify Risks Process
Early Identification
Iterative Identification
Emergent Identification
Comprehensive Identification
Explicit Identification of Opportunities
Multiple Perspectives
Risks Linked to Project Objectives
Complete Risk Statement
Ownership and Level of Detail
Objectivity
Tools and Techniques for the Identify Risks Process
Historical Review
Current Assessments
Creativity Techniques
Documenting the Results of the Identify Risks Process
CHAPTER 6 - PERFORM QUALITATIVE RISK ANALYSIS
Purpose and Objectives of the Perform Qualitative Risk Analysis
Process
Critical Success Factors for the Perform Qualitative Risk Analysis
Process
Use Agreed-Upon Approach
Use Agreed-Upon Definitions of Risk Terms
Collect High-Quality Information about Risks
Perform Iterative Qualitative Risk Analysis
Tools and Techniques for the Perform Qualitative Risk Analysis
Process
Select Risk Characteristics that Define Risks' Importance
Collect and Analyze Data
Prioritize Risks by Probability and Impact on Specific objectives
Prioritize Risks by Probability and Impact on Overall Project
Categorize Risk Causes
Document the Results of the Perform Qualitative Risk Analysis
Process
CHAPTER 7 - PERFORM
QUANTITATIVE RISK ANALYSIS
Purpose and Objectives of the Perform Quantitative Risk Analysis
Process
Critical Success Factors for the Perform Quantitative Risk Analysis
Process
Prior Risk Identification and Qualitative Risk Analysis
Appropriate Project Model
Commitment to Collecting High Quality Risk Data
Unbiased Data
Overall Project Risk Derived from Individual Risks
Interrelationships Between Risks in Quantitative Risk Analysis
Tools and Techniques for the Perform Quantitative Risk Analysis
Process
Comprehensive Risk Representation
Risk Impact Calculation
Quantitative Method Appropriate to Analyzing Uncertainty
Data Gathering Tools
Effective Presentation of Quantitative Analysis Results
Iterative Quantitative Risk Analysis
Information for Response Planning
Documenting the Results of the Perform Quantitative Risk Analysis
Process
CHAPTER 8 - PLAN RISK
RESPONSES
Purpose and Objectives of the Plan Risk Responses Process
Critical Success Factors for the Plan Risk Responses Process
Communicate
Clearly Define Risk-Related Roles and Responsibilities
Specify Timing of Risk Responses
Provide Resources, Budget, and Schedule for Responses
Address the Interaction of Risks and Responses
Ensure Appropriate, Timely, Effective, and Agreed-Upon Responses
Address Both Threats and Opportunities
Develop Strategies before Tactical Responses
Risk Response Strategies
Avoid a Threat or Exploit an Opportunity
Transfer a Threat or Share an Opportunity
Mitigate a Threat or Enhance an Opportunity
Accept a Threat or an Opportunity
Applying Risk Response Strategies to Overall Project Risk
Tools and Techniques for the Plan Risk Responses Process
Response Identification
Response Selection
Action Planning
Ownership and Responsibility Assignment
Documenting the Results of the Plan Risk Responses Process
Add Risk Responses to the Risk Register8.5.2 Add Corresponding Risk
Responses to the Project
Management Plan
Review and Document Predicted Exposure
CHAPTER 9 - MONITOR AND CONTROL RISKS
Purpose and Objectives of the Monitor and Control Risks Process
Critical Success Factors for the Monitor and Control Risks Process
Integrate Risk Monitoring and Control with Project Monitoring and
Control
Continuously Monitor Risk Trigger Conditions
Maintain Risk Awareness
Tools and Techniques for the Monitor and Control Risks Process
Managing Contingency Reserves
Tracking Trigger Conditions
Tracking Overall Risk
Tracking Compliance
Documenting the Results 0 the Monitor and Control Risks Process
PMI-RMP® is the registered marks of the Project Management Institute, Inc.
The PMI® Registered Education Provider logo is a registered
mark of the Project Management, Inc.