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Practical Risk Management Concepts and RMP Exam Prep

Course Code

MQ882

Duration

4 Days

None
This program combines a review and application of risk management concepts, along with exam preparation for the PMI-RMP certification. The program establishes a foundation of the basic risk management methodology (based on the PMBOK 6th Edition), and builds on it with practical application of risk management concepts and techniques, along with advanced considerations around risk. In addition, the program covers the PMI-RMP certification exam, including the application process, the domain and the tasks.
This course is designed for anyone preparing for the PMI-RMP exam.

In this course, participants will:

  • Explain the risk management process as defined by the PMBOK® Guide
  • Identify the steps in developing a risk management plan
  • Review the process of creating a risk register
  • Explain key processes in the Risk Communication domain, including documenting risk information and assessing stakeholder risk tolerance
  • Explain key processes in the Risk Analysis domain, including identifying and evaluating relevant risks and their potential impact
  • Apply key tools and techniques employed in the qualitative and quantitative analysis of risk
  • Review key processes in the Risk Response Planning domain, including developing risk response strategies and contingency plans and managing stakeholder expectations
  • Explain how risk response plans are successfully implemented
  • Review key processes of the Risk Governance domain, including monitoring and controlling risk and using lessons learned to refine risk policies and practices
  • Recognize best practices throughout the risk management process

Risk Management Foundation

The Risk Management Process

Plan risk management
Identify risks
Perform qualitative risk analysis
Perform quantitative risk analysis
Plan risk responses
Implement risk responses
Monitor risks

Risk and Stakeholders

Considering Assumptions, Constraints, Issues and Dependencies

Requirements Risks

Beyond The Project: Operational and Business Risks

Advanced Risk Concepts: The Difference between Theory and Reality

RMP Exam Preparation

Application process
Exam structure
Risk domains

  • Communication
  • Analysis
  • Response planning
  • Governance

Tasks
Exam preparation
Practice exam


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