Course Description

Course Overview

The PMI Risk Management Professional (PMI-RMP) course is designed to equip professionals with the knowledge and skills required to effectively identify, assess, and mitigate risks in project management. The PMI-RMP certification is globally recognized and validates an individual’s expertise in risk management processes, techniques, and best practices. This course covers advanced risk management concepts, methodologies, tools, and techniques essential for identifying, analyzing, and responding to project risks.

Prerequisites

To enroll in the PMI-RMP course, participants should meet the following prerequisites:

• A secondary degree (high school diploma or equivalent).
• A minimum of 4,500 hours of professional project risk management experience. OR
• A four-year degree (bachelor’s degree or equivalent).
• A minimum of 3,000 hours of professional project risk management experience.

Methodology

The PMI-RMP course utilizes a combination of theoretical instruction, practical examples, case studies, and interactive activities. It employs a learner-centered approach that encourages active participation, critical thinking, and practical application of risk management concepts. The course includes instructor-led discussions, group exercises, and individual assignments to enhance participants’ understanding of risk management principles. Online resources, study materials, and practice exams are provided to support participants in preparing for the PMI-RMP certification exam.

Course Outline

• Introduction to Project Risk Management
• Definition and significance of project risk management
• Risk management process groups
• Roles and responsibilities of a risk manager
• Risk Management Planning
• Establishing risk management frameworks and processes
• Developing risk management plans
• Defining risk tolerances and thresholds
• Risk Identification and Assessment
• Techniques for identifying project risks
• Risk register development and management
• Qualitative and quantitative risk analysis
• Risk Response Planning
• Strategies for risk response planning
• Risk mitigation techniques
• Contingency planning and risk avoidance
• Risk Monitoring and Control
• Establishing risk monitoring and control processes
• Tracking and reporting on risks
• Implementing risk response actions
• Risk Communication and Documentation
• Stakeholder communication strategies for risk management
• Risk documentation and reporting
• Effective risk communication techniques
• Risk Governance and Frameworks
• Risk governance frameworks and structures
• Risk appetite and tolerance
• Compliance and risk management standards

Outcome

Upon completion of the PMI-RMP course, participants will be able to:

• Understand advanced risk management principles, concepts, and techniques.
• Apply risk management processes and methodologies in real-world projects.
• Identify, assess, and prioritize project risks effectively.
• Develop comprehensive risk management plans and response strategies.
• Monitor and control project risks throughout the project lifecycle.
• Communicate and report on project risks to stakeholders.
• Successfully pass the PMI-RMP certification exam.

Labs

The PMI-RMP course may include practical labs to provide participants with hands-on experience in risk management. Some of the lab activities may include:

• Developing a risk management plan and risk register for a simulated project.
• Conducting risk identification and assessment exercises using various techniques.
• Creating risk response strategies and contingency plans for project scenarios.
• Monitoring and controlling project risks through simulated risk tracking and reporting.
• Practicing risk communication and stakeholder engagement through role-play exercises.