Risk Management Professional (RMP )

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


– What do you need before you can effectively start risk management?

– How does risk management 􀏐it into the project management process and


– 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


The Perform Quantitative Risk Analysis


– Quantifying effects of risk events on the


– 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


– Creating contigency plans

– Determining the worst case scenario

– Recalculating con􀏐idence levels

– Finalizing risk budget

The Monitor And Control Risks Process

– Identifying emerging project risks

– Matching identi􀏐ied project risk with controls

including Risk Audit, Variance Reports, Reserve


– Anticipating risk events through risk triggers

– Measuring risk using earned value analysis (EVA)

– Ensuring effective change control

– Developing a reliable change request process

Risk Governance

– Ensuring Effectiveness, Consistency, and Continuous


– Standards, Policies, Procedures, and Practices

– Lessons Learned Management

– Metrics

– Monitoring and Controlling Ris

Course Duration

– 30 hours

– 10 working days