Preparing for RMP®

The course is broken into the following areas:

• • Introduction Session: - Overview of the RMP® Application and Exam
  • Topic 1: - Risk Communication
    • Introduction to Risk Management
    • Preparing for risk communication
    • Risk and Stakeholder Management
    • Managing Risks and Project Changes
    • Communicating Risk Identification
    • Topic 1 Sample Exam

• • Topic 2:- Risk Governance
    • The Principle involved in risk governance
    • Risk management and the project life cycle
    • Understanding the management of Risk
    • Understanding escalation and management
    • Topic 2 Sample Exam

• • Topic 3:- Principles and Concepts of Risk Management
    • Definition of risk & risk management
    • takeholder risk attitudes
    • Responsibilities for risk within projects
    • Topic 3 Sample Exam

• • Topic 4: - Planning Risk Management
    • Components of the risk management plan
    • Risk Breakdown Structures (RBS)
    • Techniques for Risk Planning
    • The Risk Management Plan
    • Topic 4 Sample Exam

• • Topic 5: - Identify Risks
    • Risk identification techniques
    • The risk register
    • Determining which risk tool to use
    • Topic 5 Sample Exam

• • Topic 6: - Qualitative Risk Analysis
    • Defining impact
    • Risk probability and impact scoring
    • Developing risk log
    • Topic 6 Sample Exam

• • Topic 7: - Perform Quantitative Risk Analysis
    • Data Gathering & Representation techniques
    • Modelling & Simulation, Probability distribution
    • Monte Carlo Simulations
    • Tornado diagrams, sensitivity analysis, criticality analysis
    • Decision trees
    • Risk Expected Monetary Value (EMV) calculation
    • Topic 7 Sample Exam

• • Topic 8: - Plan Risk Responses
    • Strategies for positive and negative risks
    • Risk & contracting
    • The risk response action plan
    • Contingency planning, calculating the contingency fund
    • Secondary & residual risks
    • Topic 8 Sample Exam

• Topic 9: - Monitor and Control Risk
  • Risk re-assessment
  • Process improvement
  • Managing contingency reserves
  • Risk audits, trend analysis
  • Topic 9 Sample Exam

This is an exam preparation course that is beneficial for those who are targeting on undergoing the RMP ® exam. However, it may also be of particular benefit to those who are beginning to work in a risk environment and want to understand ‘best practice’ risk management with a view to undergoing the exam in the near future.

Participants achieve the following learning outcomes from the programme;

• Understand the RMP® exam process (i.e. application procedure to taking the exam)
• Review the six processes of project risk management and their relation with other project management knowledge areas
• Understand the governance and structures behind risk management
• Be able to distinguish between risk and issue management and how to do it
• Analysis of the tools and techniques to identify risk
• Understand the qualitative approach to risk analysis
• Review of simulation tools and techniques such as Monte Carlo, PERT, Tornado Diagrams
• Understand how to monitor and communicate project risk on a timely basis
• Focus on risk monitoring and control
• Understand the communication principles behind risk and issues management
• Be able to manage stakeholder involvement with risk