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Project Risk Management: Preparation for Risk Management Professional (PMI-RMP)®
DATE
2022-12-14;
LOCATION
To Be Determined;
Why Attend?
This course aims to enable participants to plan, manage and control project risks. By attending, participants will acquire the knowledge to develop project risk management plans, identify project risks, analyze the identified risks and plan responses for them. They will also learn to analyze the risks qualitatively and quantitively using different practical techniques and learn all the critical tools and techniques required to pass the PMI-RMP® (Risk Management Professional) certification exam.
Course Objectives
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This Course Objective Hasn't Been Provided Yet
Target Audience
This course has been designed for project risk managers, risk owners, project managers, members of the project office, project sponsors, functional managers, senior management and individuals interested in project risk management.
- Introduction to Project Risk Management
- Definitions of risk
- Pure and business risks
- Benefits of project risk management
- Project risk management processes
- Risk Management Planning
- Stakeholder risk appetite
- Elements of the risk management plan
- Risk breakdown structure
- Defining risk probability and impact scales
- Identifying Project Risks
- Brainstorming and Delphi techniques
- SWOT analysis
- Work Breakdown Structure (WBS)
- Risk register
- Qualitative Risk Analysis
- Risk probability and impact assessment
- Risk ranking within the project
- Risk urgency assessment
- Project risk score
- Quantitative Risk Analysis
- Probability distributions
- Monte Carlo simulation
- Sensitivity analysis
- Expected Monetary Value (EMV)
- Decision tree analysis
- Risk Response Strategies
- Negative risk response strategies (threats)
- Positive risk response strategies (opportunities)
- Contingency planning strategy
- Secondary and residual risks
- Implementing Responses and Monitoring Risks
- Risk audit
- Risk reviews
- Workarounds
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