PROJECT TANDEM training

Standard content for Risk Management Professional (PMI-RMP) training

View the official PMI-RMP Exam Content Outline at www.pmi.org

Overal Objectives:

1. Describe and understand all Risk Management defined processes, as outlined in the current edition of the PMI® PMBOK® Guide

2. Gain the necessary information to prepare for the PMI® Project Risk Management Professional (PMI-RMP) Certification Exam

3. Use internationally-recognized  best practices for managing project and operations risks.

4. Become PMI-RMP exam level profisscient various techniques in risk analyis

5. Apply risk management techniques to determine the true cost and schedule for projects and operations

6. Demonstrate the impact of successful Risk Management to the organization

7. Avoid common risk management pitfalls

8. Describe Risk Management principles and techniques and how they apply to the day-to-day management of projects and operations

9. Have a practical set of self-study techniques and bibliography of reference material

10. Use common risk management terminology

11. Be more focused and proactive about preventing problems, rather than just dealing with them as they occu

Overview of the PMI-RMP Exam

• Requirements

• Domain Areas

• Risk Management Overview

• Definition of risks

• Risk Breakdown structure (RBS)

• Risk Categories

• 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)

• Plan Risk Management

• Identify Risks

• Perform Qualitative Risk Analysis

• Perform Quantitative Risk Analysis

• Plan Risk Responses

• Monitor and Control Risks

• Creating a Risk Management Plan (RMP)

• Analyzing contents of a model RMP

• Applying a standard template to create your RMP

• 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

• 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

• 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

• 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

• 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

• What You Need Before You Can Do Risk Management

• The Risk Management Processes

• Plan Risk Management Process

• The Identify Risks Process

• The Perform Qualitative Risk Analysis Process

•   The Perform Quantitative Risk Analysis Process

• The Plan Risk Responses Process

• The Monitor And Control Risks Process

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