Project Risk Mananagement Professional (PMI-RMP®)

Course Outline

• General Introduction 
• Overview of the RMP Certification 
• Project, Portfolio and Programs 
• Integrated Model 
• Risk in Projects, Programs & Portfolios 
• The role of the Project Manager and Organizational Influences 
• The Structure of the PMBOK® Guide 
• Project Management Processes and Project Life Cycle 
• Review of all PMBOK® Knowledge Areas (+ small test) 
• Integration Management 

Scope Management 

• Risk in the WBS 

Time Management 

• Schedule Risk 

Cost Management 

• Risk in Project Budgets 
• Utility Theory 
• Portfolio Risk – Management & Contingency Reserves 
• Earned Value Method

Quality Management

• Quality and Risk 

Human Resources Management

• Interpersonal/HR Skills and Risk
• Communication Management 
• Stakeholder Management and Risk 
• How to communicate Risk 
• How to report Risk – Performance Metrics 
• Role of Team Members, Management, Sponsors,… 
• MCPs (Management Control Points)

Procurement Management

• Contract Types and Risks 

Introduction to Risk 

• Risk Taking or Risk Averse 
• Risk Tolerance
• Strategic Risks 
• Risk Management Software 
• Risk Management Plan 
• Risk Breakdown Structure 

The six PMI Risk Management Processes – in-depth 

1. Plan Risk Management 
2. Identify Risks 
   Risk Register 
   Probability and Impact Matrix
3. Perform Quantitative Risk Analysis 
4. Perform Qualitative Risk Analysis 
   Sensitivity Analysis 
   Expected Monetary Value Analysis 
   Modeling and Simulation (Monte Carlo Simulation) 
   Schedule risk – PERT and other Estimations 
5. Plan Risk Responses 
   Strategies for Opportunities 
6. Monitor and Control risks 
   Risk Audits 
   Compliance Management 
   Variance and Trend Analysis 
   Risk regarding Change Requests 
   Lessons Learned – input to an improved Risk Management approach 

Essentials on the PMI

• Code of Ethics 
• Sample Test 
• Prepare for eExam 
• Wrap-Up & Evaluation