Course Content

• Overview of the PMI RMP Exam
  • Requirements
  • Domain Areas
• Risk Management Overview
  • Definition of risks
  • Risk Breakdown structure (RBS)
  • Risk Categories
• What You Need Before You Can Do Risk Management
  • What do you need before you can effectively start risk management?
  • How does risk management fit into the project management process and operations?
  • What risk management is and why can it make or break your career
  • Project risks and operation risks?
  • Negative risks and positive risks (Opportunities)
• The Risk Management Processes
  • Plan Risk Management
  • Identify Risks
  • Perform Qualitative Risk Analysis
  • Perform Quantitative Risk Analysis
  • Plan Risk Responses
  • Monitor and Control Risks
• Plan Risk Management Process
  • Creating a Risk Management Plan (RMP)
  • Analyzing contents of a model RMP
  • Applying a standard template to create your RMP
• The Identify Risks Process
  • Identifying project risk
  • Common sources of project risk
  • Creating Ishikawa diagrams to analyze cause and effect relationship
  • Checklists
  • Developing a Risk Register
  • Analyzing contents of a model Risk Register
  • Applying a proven template to create your Risk Register
  • Documenting risks for future assessments
• The Perform Qualitative Risk Analysis Process
  • Analyzing risks through qualitative measures
  • Performing probability and impact analyses of identified
  • Applying the probability and impact matrix
  • Advanced applications of qualitative analysis
  • Prioritizing analysis results
  • Ranking project risks
  • Differentiating between acceptable and unacceptable risks
• The Perform Quantitative Risk Analysis Process
  • Quantifying effects of risk events on the project
  • Determining probability of achieving cost and time objectives
  • Calculating contingency reserves
  • Identifying trends in quantitative analysis
  • Ranking risks by actuarial cost
  • Tools for analysis
  • Expected Monetary Value (EMW)
  • Three-point estimates
  • Probability distributions
  • Delphi Technique
  • Simulation
• The Plan Risk Responses Process
  • Implementing risk response strategies
  • Threats: Accept, Avoid, Transfer and Mitigate
  • Opportunities: Exploit, Share, Enhance
  • Quantifying residual risks and secondary responses
  • Creating contigency plans
  • Determining the worst case scenario
  • Recalculating confidence levels
  • Finalizing risk budget
• The Monitor And Control Risks Process
  • Identifying emerging project risks
  • Matching identified project risk with controls including Risk Audit, Variance Reports, Reserve Analysis
  • Anticipating risk events through risk triggers
  • Measuring risk using earned value analysis (EVA)
  • Ensuring effective change control
  • Developing a reliable change request process