Risk Management Professional – RMP

Risk Management Professional - RMP

Objectives:

RMP aims to:

  • Understand the risk concepts and risk management process
  • Learn tools and techniques to manage the risk effectively
  • Inspire to implement the management of risk into practice
  • Provide an understanding of the theory and practice of risk management in projects
  • Develop an approach risk management for any project
  • Conduct a formal risk assessment and develop your own risk management plan
  • Improve the identification of risk on your types of projects
  • Access the risk: define the scale and understand the exposure
  • Prepare the realistic responses
  • Use the tools to manage the risk effectively
  • Develop strategies for responding to identified risks
  • Control and monitor risks throughout the project

Topics:

  • Definition of Project Risk Management
  • Uncertainty
  • Roles and Objectives
  • Critical Success Factors
  • Definition of Project Risk
  • Individual Risks and Overall Project Risk
  • Types of Risk
  • Risk Factors
  • Stakeholders Risk Attitudes
  • Risk Appetite, Tolerance, and Threshold
  • Plan Risk Management
  • Identify Risks
  • Perform Qualitative Risk Analysis
  • Perform Quantitative Risk Analysis
  • Plan Risk Responses
  • Monitor & Control Risks

The process of defining how to conduct risk management activities for a project:

  • Critical Success Factors
  • Creating a Risk Management Plan
  • Risk Categories
  • Risk Breakdown Structure (RBS)
  • Definitions of Risk Probability and Impact

The process of determining which risks may affect the project and documenting their characteristics:

  • Risks Identification
  • Critical Success Factors
  • Methods of Documenting Risks
  • Information Gathering Techniques
  • Checklist Analysis
  • Diagraming Techniques
  • Developing a Risk Register
  • The process of periodizing risks for future analysis or action by assessing and combining their probability of occurrence and impact:

    • Critical Success Factors
    • Probability & Impact Scales
    • Determining Risk Ranking within the Project and Between Projects
    • Project Risk Score
    • Probability & Impact Matrix
    • Risk Data Quality Assessment
    • Risk Urgency Assessment
    • Analytics Hierarchy Process (AHP)

The process of numerically analyzing the effect of identified risks on overall project objectives:

    • The Purpose of Quantitative Risk Analysis
    • Critical Success Factors
    • Data Gathering and Representative Techniques
    • Probability Distribution
    • Three Point Estimating
    • Quantitative Risk Analysis and Modeling Techniques
    • Sensitivity Analysis
    • Tornado Diagram
    • Expected Monetary Value (EMV)
    • Decision Tree
    • Modeling and Simulation
    • Monte Carlo Simulation

The process of developing actions to enhance opportunities and to reduce threats to project objectives:

  • Critical Success Factors
  • Risk Response Strategies for Threats and Opportunities
  • Residual Risks
  • Secondary Risks
  • Contingent Response Strategies
  • Contingency Planning and Fallback Planning
  • Reserves
  • Creating a Budget
  • Multi-Criteria Selection Technique
  • Scenario Analysis

The process of implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness throughout the project:

  • The purpose of Monitor & Control Risks
  • Risk Reassessment
  • Risk Audits and Risk Reviews
  • Variance and Trend Analysis
  • Reserve Analysis
  • Workarounds
  • Exam Content Outline
  • Practice Exam

Have a good basic understanding of and experience in the project environment.

To learn more fill the following form (English or Arabic) and a training consultant will call you: