PMI Risk Management Professional PMI-RMP® - United States

PMI Risk Management Professional PMI-RMP®​ Course Outline

Domain 1: Risk Strategy and Planning

Module 1: Risk Assessment Processes

• Develop Risk Assessment Processes
• Tools that Quantify Stakeholder Risk Tolerances
• Determine Risk Thresholds for the Project
• Set Criteria for Risk Levels

Module 2: Risk Policies and Procedures

• Scope of Risk Management Policies
• Outputs of Risk Audits
• Improve Risk Management Effectiveness

Module 3: Develop Risk Strategy

• Develop and Recommend Project Risk Strategy

Module 4: Creating Risk Management Plan

• Risk Management Plan
• Project Information
• External Factors
• Stakeholder Inputs
• Industry Policies and Procedures

Module 5: Establish Evaluation Criteria for Risk Management Processes

• When Should You Create Evaluation Criteria?
• Measure Effectiveness of the Project Risk Process

Domain 2: Stakeholder Engagement

Module 1: Common Understanding of the Value of Risk Management

• Value of Risk (VoR)

Module 2: Risk Principles and Processes

• Risk Principles
• Risk Processes

Module 3: Implementing Risk Processes

• Identify the Risk
• Analyse the Risk
• Evaluate and Rank the Risk
• Treat the Risk
• Monitor and Review the Risk

Module 4: Identify Stakeholder Risk Attitudes

• Factors that Affect the Risk Attitude
  • Risk Appetite
  • Risk Tolerance
  • Risk Threshold

Module 5: Risk Prioritisation Process

• Describing Risk Levels

Module 6: Risk Process Facilitation and Risk Reporting

• Risk Process Facilitation
  • Characteristics of the Facilitator
• Risk Reporting
  • Why Is Risk Reporting Important?

Module 7: Roles and Responsibilities of Stakeholder

• Executive Sponsor
• Project Lead
• Project Coordinator
• Functional/Technical Lead
• Team Member (Subject Matter Experts - SMEs)

Module 8: Effective Communication Techniques

• Ways to Effectively Communicate with Stakeholders
  • Schedule a Meeting
  • Send Out a Newsletter
  • Separate Online “Screen to Screen” Meetings
  • Project Summary Report
  • Schedule a Conference Call
  • Lunch meetings

Domain 3: Risk Process Facilitation

Module 1: Determine Risk Levels

• Why Should Project Managers Determine Risk?
• How does a Project Manager Determine the Risk Level of a Project?

Module 2: Determine the Risk Exposure of the Project

• How to Calculate Risk Exposure?
• Various Types of Risk Exposures

Module 3: Development of an Aligned Risk Response Strategy

• Strategies for Handling Operational, Strategic, Legal or Any Other Risks You Recognise in Your Organisation
  • Avoid
  • Reduce
  • Transfer
  • Accept

Module 4: Project Contingency Reserve

• Contingency

Module 5: Cost and Schedule Analysis

• Defining Cost and Schedule Risk Analysis
• Why Conduct Cost and Schedule Risk Analysis?

Module 6: Enhance the Likelihood of Project Success

• Organising Every Aspect
• Thorough Analysing and Strict Management
• Accounting and Budgeting
• Revising and Adapting

Domain 4: Risk Monitoring and Reporting

Module 1: Techniques to Maintain Project Risk Information

• Create a Risk Register
• Identify Risks
• Identify Opportunities
• Determine Likelihood and Impact
• Determine the Response
• Estimation
• Assign owners
• Regularly Review Risks
• Report on Risks

Module 2: Integrating Risk Management

Module 3: Risk Related Metrics

• Some Primary Metrics Which are Related to Risks

Module 4: Monitoring Risk Metrics

• Risk Metrics Reporting
• Importance of Risk Metrics and Risk Indicators
• Example of Key Risk Indicators

Module 5: Analyse Risk Process Using Risk Metrics

• Combination of Measures

Module 6: Internal and External Inputs in Risk management

• Inputs of The Planning Risk Management Process
  • Project Scope Statement
  • Cost Management Plan
  • Schedule Management Plan
  • Communication Management Plan
  • Enterprise Environmental Factors
  • Organisational Process Assets

Module 7: Risk Audits and Risk Process Reports

• Risk Audits
  • Application
  • Procedures
• Risk Process Reports

Domain 5: Perform Specialised Risk Analyses

Module 1: Evaluate the Attributes of Identify Risks

• Methods of Qualitative Risk Assessment
• Methods of Quantitative Risk Analysis
• Calculating Risk Exposure Quantitatively
• Estimating Risk Exposure Qualitatively

Module 2: Analysing Risk Data Using Statistical Analysis

• Steps of General Process of the Project Management Analytics

Module 3: Advanced Tools for Risk Analysis

• Qualitative Risk Analysis
• Quantitative Risk Analysis
• Event Chain Methodology