Risk is inherent in everything that we do and it’s therefore no surprise that risk management holds a high level of importance within project management. This course offers an overview of project risk and risk management in a combination of lecture and hands-on learning formats, and is geared towards preparing students for the PMI Risk Management Professional (PMI-RMPSM) certification exam offered by the Project Management Institute (PMI). This boot-camp style course covers the four primary exam objectives: Risk Communication, Risk Analysis, Risk Response Planning, and Risk Governance, along with the related exam objectives.
Audience:
Individuals interested in learning the fundamentals of managing risk, or individuals preparing for the PMI Risk Management Professional (PMI-RMP) certification exam.
Prerequisites
A working knowledge of project management or strong familiarity with A Guide to the Project Management Body of Knowledge (PMBOK® Guide).
Course duration:
4 days
Course outline:
1. Introduction to Risk Management
- PMI-RMPSM Credential Overview
- The Project Management Institute (PMI)
- Credential Overview
- Individual Assessment
- Introduction to Project Risk
- What is Risk?
- Classifying Risk
- The Project Environment
- Approach to Risk Management
- Project Risk Management Knowledge Area
2. Risk Management Planning
- Risk Management Plan
- Risk Management Plan Contents
- Generate the Risk Management Plan
- Risk Register
- Risk Register Contents
- Risk Register Update Cycle
- Risk Register Resources
- Managing the Risk Register
3. Communication and Leadership
- Building a Communication Foundation
- Risk and Communication
- Communication Basics
- Communication Types
- Communication Methods
- Communication Channels
- Communication Theories
- Communications Management Plan
- General Management and Leadership Skills
- General Management
- General Management Skills
- Interpersonal Skills
- Leadership Styles
- Conflict Management
- Quality Theories
- Stakeholder Management
- Communicating with Stakeholders
- Stakeholders Needs
- Stakeholder Risk Tolerance
- Stakeholder Communication
4. Risk Identification
- Gathering and Identifying Risks
- Gathering Project Risks
- Risk Identification
- Risk Identification: Tools and Techniques
5. Risk Analysis
- Qualitative Risk Analysis
- Risk Analysis Overview Part 1
- Qualitative Risk Analysis
- Qualitative Risk Analysis: Tools and Techniques
- Documenting Trends
- Prioritized List of Risks
- Quantitative Risk Analysis
- Risk Analysis Overview Part 2
- Quantitative Risk Analysis
- Quantitative Risk Analysis: Tools and Techniques
- Documenting Trends
- Prioritized List of Quantified Risks
6. Executing and Monitoring Risk
- Building and Implementing a Risk Response Plan
- Risk Response
- Risk Response Planning
- Risk Response Strategies
- Risk Response Planning: Outputs
- Monitoring and Controlling Risk
- Monitoring Risks
- Risk Monitoring and Control
- Risk Monitoring and Control: Tools and Techniques
- Workarounds
- Risk Monitoring and Control: Outputs
