Risk Management Professional

Risk Management Professional (RMP) is a trained professional equipped to carry out Risk Management projects, activities and help companies to minimize the impact of Risk.

The PMI Risk Management Professional (PMI-RMP)® highlights your ability to identify and assess project risks, mitigate threats and capitalize on opportunities. In this capacity, you enhance and protect the needs of your company and help them reduce risk and enhance opportunities.

Gaining distinction as a PMI-RMP® sets you apart from other professionals and brings credit to your organization. The practice contributes to a handsome payoff: Companies following Risk Management Best Practices meet their goals 2.5 times more often and waste 13 times less money.

If you’re ready for greater recognition, the PMI-RMP will validate your specialized expertise and help you stand out to employers, stakeholders and peers.

Course Objectives

Risk Management Professional (RMP) is a trained professional equipped to carry out Risk Management projects, activities and help companies to minimize the impact of Risk.

The PMI Risk Management Professional (PMI-RMP)® highlights your ability to identify and assess project risks, mitigate threats and capitalize on opportunities. In this capacity, you enhance and protect the needs of your company and help them reduce risk and enhance opportunities.

Gaining distinction as a PMI-RMP® sets you apart from other professionals and brings credit to your organization. The practice contributes to a handsome payoff: Companies following Risk Management Best Practices meet their goals 2.5 times more often and waste 13 times less money.

If you’re ready for greater recognition, the PMI-RMP will validate your specialized expertise and help you stand out to employers, stakeholders and peers.

Target Audience

If you have advanced knowledge and experience in risk management, or if you are a project manager focused on project risk management, including for large projects and/or complex environments, then the PMI-RMP® is an excellent choice for you.

Course Outline

INTRODUCTION

  • Purpose of the Practice Standard for Project Risk Management
  • Project Risk Management Definition
  • Role of Project Risk Management in Project Management
  • Good Risk Management Practice
  • Critical Success Factors for Project Risk Management
  • Conclusion

PRINCIPLES AND CONCEPTS

  • Introduction
  • Definition of Project Risk
  • Individual Risks and Overall Project Risk
  • Communication
  • Responsibility for Project Risk Management
  • Project Manager’s Role for Project Risk Management

INTRODUCTION TO PROJECT RISK MANAGEMENT PROCESSES

  • Project Risk Management and Project Management
  • Project Risk Management Processes

PLAN RISK MANAGEMENT

  • Purpose and Objectives of the Plan Risk Management Process
  • Critical Success Factors for the Plan Risk Management Process
  • Identify and Address Barriers to Successful Project Risk Management
  • Involve Project Stakeholders in Project Risk Management
  • Comply with the Organization’s Objectives, Policies, and Practices
  • Tools and Techniques for the Plan Risk Management Process
  • Planning Sessions
  • Documenting the Results of the Plan Risk Management Process

IDENTIFY RISKS

  • Purpose and Objectives of the Identify Risks Process
  • Critical Success Factors for the Identify Risks Process
  • Early Identification
  • Iterative Identification
  • Emergent Identification
  • Comprehensive Identification
  • Explicit Identification of Opportunities
  • Multiple Perspectives
  • Risks Linked to Project Objectives
  • Complete Risk Statement
  • Ownership and Level of Detail
  • Objectivity
  • Tools and Techniques for the Identify Risks Process
  • Historical Review
  • Current Assessments
  • Creativity Techniques
  • Documenting the Results of the Identify Risks Process

PERFORM QUALITATIVE RISK ANALYSIS

  • Purpose and Objectives of the Perform Qualitative Risk Analysis Process
  • Critical Success Factors for the Perform Qualitative Risk Analysis Process
  • Use Agreed-Upon Approach
  • Use Agreed-Upon Definitions of Risk Terms
  • Collect High-Quality Information about Risks
  • Perform Iterative Qualitative Risk Analysis
  • Tools and Techniques for the Perform Qualitative Risk Analysis Process
  • Select Risk Characteristics that Define Risks’ Importance
  • Collect and Analyze Data
  • Prioritize Risks by Probability and Impact on Specific objectives
  • Prioritize Risks by Probability and Impact on Overall Project
  • Categorize Risk Causes
  • Document the Results of the Perform Qualitative Risk Analysis Process

PERFORM QUANTITATIVE RISK ANALYSIS

  • Purpose and Objectives of the Perform Quantitative Risk Analysis Process
  • Critical Success Factors for the Perform Quantitative Risk Analysis Process
  • Prior Risk Identification and Qualitative Risk Analysis
  • Appropriate Project Model
  • Commitment to Collecting High Quality Risk Data
  • Unbiased Data
  • Overall Project Risk Derived from Individual Risks
  • Interrelationships Between Risks in Quantitative Risk Analysis
  • Tools and Techniques for the Perform Quantitative Risk Analysis Process
  • Comprehensive Risk Representation
  • Risk Impact Calculation
  • Quantitative Method Appropriate to Analyzing Uncertainty
  • Data Gathering Tools
  • Effective Presentation of Quantitative Analysis Results
  • Iterative Quantitative Risk Analysis
  • Information for Response Planning
  • Documenting the Results of the Perform Quantitative Risk Analysis Process

PLAN RISK RESPONSES

  • Purpose and Objectives of the Plan Risk Responses Process
  • Critical Success Factors for the Plan Risk Responses Process
  • Communicate
  • Clearly Define Risk-Related Roles and Responsibilities
  • Specify Timing of Risk Responses
  • Provide Resources, Budget, and Schedule for Responses
  • Address the Interaction of Risks and Responses
  • Ensure Appropriate, Timely, Effective, and Agreed-Upon Responses
  • Address Both Threats and Opportunities
  • Develop Strategies before Tactical Responses
  • Risk Response Strategies
  • Avoid a Threat or Exploit an Opportunity
  • Transfer a Threat or Share an Opportunity
  • Mitigate a Threat or Enhance an Opportunity
  • Accept a Threat or an Opportunity
  • Applying Risk Response Strategies to Overall Project Risk
  • Tools and Techniques for the Plan Risk Responses Process
  • Response Identification
  • Response Selection
  • Action Planning
  • Ownership and Responsibility Assignment
  • Documenting the Results of the Plan Risk Responses Process
  • Add Risk Responses to the Risk Register
  • Add Corresponding Risk
  • Responses to the Project
  • Management Plan Review and Document Predicted Exposure

MONITOR AND CONTROL RISKS

  • Purpose and Objectives of the Monitor and Control Risks Process
  • Critical Success Factors for the Monitor and Control Risks Process
  • Integrate Risk Monitoring and Control with Project Monitoring and Control
  • Continuously Monitor Risk Trigger Conditions
  • Maintain Risk Awareness
  • Tools and Techniques for the Monitor and Control Risks Process
  • Managing Contingency Reserves
  • Tracking Trigger Conditions
  • Tracking Overall Risk
  • Tracking Compliance
  • Documenting the Results in the Monitor and Control Risks Process

Pre-Requisites

This program is highly recommended for all new and experienced executives, directors and project managers with functional or project responsibilities, who are aspiring to get a RMP® Certification from PMI®.

You can time yourself, and see the time spent on each knowledge area of the PMP® exam. This will guide you and help you identify any areas where you are weak, so that you can practice more, and ensure success in the RMP® exam in your FIRST attempt.

Course Objectives

Risk Management Professional (RMP) is a trained professional equipped to carry out Risk Management projects, activities and help companies to minimize the impact of Risk.

The PMI Risk Management Professional (PMI-RMP)® highlights your ability to identify and assess project risks, mitigate threats and capitalize on opportunities. In this capacity, you enhance and protect the needs of your company and help them reduce risk and enhance opportunities.

Gaining distinction as a PMI-RMP® sets you apart from other professionals and brings credit to your organization. The practice contributes to a handsome payoff: Companies following Risk Management Best Practices meet their goals 2.5 times more often and waste 13 times less money.

If you’re ready for greater recognition, the PMI-RMP will validate your specialized expertise and help you stand out to employers, stakeholders and peers.

Go To Top

Target Audience

If you have advanced knowledge and experience in risk management, or if you are a project manager focused on project risk management, including for large projects and/or complex environments, then the PMI-RMP® is an excellent choice for you.

Go To Top

Course Outline

INTRODUCTION

  • Purpose of the Practice Standard for Project Risk Management
  • Project Risk Management Definition
  • Role of Project Risk Management in Project Management
  • Good Risk Management Practice
  • Critical Success Factors for Project Risk Management
  • Conclusion

PRINCIPLES AND CONCEPTS

  • Introduction
  • Definition of Project Risk
  • Individual Risks and Overall Project Risk
  • Communication
  • Responsibility for Project Risk Management
  • Project Manager’s Role for Project Risk Management

INTRODUCTION TO PROJECT RISK MANAGEMENT PROCESSES

  • Project Risk Management and Project Management
  • Project Risk Management Processes

PLAN RISK MANAGEMENT

  • Purpose and Objectives of the Plan Risk Management Process
  • Critical Success Factors for the Plan Risk Management Process
  • Identify and Address Barriers to Successful Project Risk Management
  • Involve Project Stakeholders in Project Risk Management
  • Comply with the Organization’s Objectives, Policies, and Practices
  • Tools and Techniques for the Plan Risk Management Process
  • Planning Sessions
  • Documenting the Results of the Plan Risk Management Process

IDENTIFY RISKS

  • Purpose and Objectives of the Identify Risks Process
  • Critical Success Factors for the Identify Risks Process
  • Early Identification
  • Iterative Identification
  • Emergent Identification
  • Comprehensive Identification
  • Explicit Identification of Opportunities
  • Multiple Perspectives
  • Risks Linked to Project Objectives
  • Complete Risk Statement
  • Ownership and Level of Detail
  • Objectivity
  • Tools and Techniques for the Identify Risks Process
  • Historical Review
  • Current Assessments
  • Creativity Techniques
  • Documenting the Results of the Identify Risks Process

PERFORM QUALITATIVE RISK ANALYSIS

  • Purpose and Objectives of the Perform Qualitative Risk Analysis Process
  • Critical Success Factors for the Perform Qualitative Risk Analysis Process
  • Use Agreed-Upon Approach
  • Use Agreed-Upon Definitions of Risk Terms
  • Collect High-Quality Information about Risks
  • Perform Iterative Qualitative Risk Analysis
  • Tools and Techniques for the Perform Qualitative Risk Analysis Process
  • Select Risk Characteristics that Define Risks’ Importance
  • Collect and Analyze Data
  • Prioritize Risks by Probability and Impact on Specific objectives
  • Prioritize Risks by Probability and Impact on Overall Project
  • Categorize Risk Causes
  • Document the Results of the Perform Qualitative Risk Analysis Process

PERFORM QUANTITATIVE RISK ANALYSIS

  • Purpose and Objectives of the Perform Quantitative Risk Analysis Process
  • Critical Success Factors for the Perform Quantitative Risk Analysis Process
  • Prior Risk Identification and Qualitative Risk Analysis
  • Appropriate Project Model
  • Commitment to Collecting High Quality Risk Data
  • Unbiased Data
  • Overall Project Risk Derived from Individual Risks
  • Interrelationships Between Risks in Quantitative Risk Analysis
  • Tools and Techniques for the Perform Quantitative Risk Analysis Process
  • Comprehensive Risk Representation
  • Risk Impact Calculation
  • Quantitative Method Appropriate to Analyzing Uncertainty
  • Data Gathering Tools
  • Effective Presentation of Quantitative Analysis Results
  • Iterative Quantitative Risk Analysis
  • Information for Response Planning
  • Documenting the Results of the Perform Quantitative Risk Analysis Process

PLAN RISK RESPONSES

  • Purpose and Objectives of the Plan Risk Responses Process
  • Critical Success Factors for the Plan Risk Responses Process
  • Communicate
  • Clearly Define Risk-Related Roles and Responsibilities
  • Specify Timing of Risk Responses
  • Provide Resources, Budget, and Schedule for Responses
  • Address the Interaction of Risks and Responses
  • Ensure Appropriate, Timely, Effective, and Agreed-Upon Responses
  • Address Both Threats and Opportunities
  • Develop Strategies before Tactical Responses
  • Risk Response Strategies
  • Avoid a Threat or Exploit an Opportunity
  • Transfer a Threat or Share an Opportunity
  • Mitigate a Threat or Enhance an Opportunity
  • Accept a Threat or an Opportunity
  • Applying Risk Response Strategies to Overall Project Risk
  • Tools and Techniques for the Plan Risk Responses Process
  • Response Identification
  • Response Selection
  • Action Planning
  • Ownership and Responsibility Assignment
  • Documenting the Results of the Plan Risk Responses Process
  • Add Risk Responses to the Risk Register
  • Add Corresponding Risk
  • Responses to the Project
  • Management Plan Review and Document Predicted Exposure

MONITOR AND CONTROL RISKS

  • Purpose and Objectives of the Monitor and Control Risks Process
  • Critical Success Factors for the Monitor and Control Risks Process
  • Integrate Risk Monitoring and Control with Project Monitoring and Control
  • Continuously Monitor Risk Trigger Conditions
  • Maintain Risk Awareness
  • Tools and Techniques for the Monitor and Control Risks Process
  • Managing Contingency Reserves
  • Tracking Trigger Conditions
  • Tracking Overall Risk
  • Tracking Compliance
  • Documenting the Results in the Monitor and Control Risks Process

Go To Top

Pre-Requisites

This program is highly recommended for all new and experienced executives, directors and project managers with functional or project responsibilities, who are aspiring to get a RMP® Certification from PMI®.

You can time yourself, and see the time spent on each knowledge area of the PMP® exam. This will guide you and help you identify any areas where you are weak, so that you can practice more, and ensure success in the RMP® exam in your FIRST attempt.

Go To Top

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Companies sponsoring their staff for training can claim from the Skills Development Fund.

Further, they can claim 40% of training fee or 400% Tax Rebate from IRAS With PIC scheme.

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Contact us for advise on how to go about claiming your SkillsFuture.

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How To Register

Email to training@intellisoft.com.sg for any questions or submit an online enquiry. 

Register your interest for a  RMP® Certification Training for the RMP® Exam to book a seat.

Weekday Classes for RMP® Exam Preparation training program are held in Singapore each quarter. 

Call us at +65 6296 – 2995, SMS / WhatsApp: +65 9066 – 9991 to enquire or register for the RMP  exam Preparation Workshop.

If you have a group of 10 or more participants interested in getting the RMP® certification, contact us for a Corporate Training on Weekdays. We have conducted Corporate training’s in Singapore, India, Malaysia, Egypt, Vietnam, Indonesia to name a few countries.

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