PMI Risk Management Professional (RMP)

Introduction to Project Risk Management

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
Exercises

Principles and Concepts

Introduction
Definitions
Individual risks and overall project risk
Stakeholder risks attitudes
Interactive process
Communication
Responsibility for project risk management
Project manager's role for project risk management
Exercises

Risk Management Processes

Project risk management and project management
Project risk management processes
Purpose and objective of the plan risk management process
Critical success factors for the plan risk management process
Tools and techniques for the plan risk management process
Documenting the results of the plan risk management process
Exercises

Risk Management Planning

Plan Approach to Risk Management
Determine Shareholders and risk tolerance
Understand Roles and Responsibilities
Risk Owner, Project Manager and Team Members
Develop Risk and opportunities Management Plan
Developing Risk Definition Scales to rate risks
Risk Identification
Objective of the identify risk process
Top Down – Bottom up Identification
Critical success factors for the identify risk process
Tools and techniques for the identify risk process
Document action, research, interviews, and assumptions.
review, brainstorming, flowcharting, Ishikawa Diagram, lessons
Human Factors in Identification
3 Key Factors Risk Analysis
Documenting the results of the identify risk process

Qualitative Risk Analysis

Objective of the perform qualitative risk analysis
Determining True Risk Impact
Pre and Post Risk Mitigation Characteristics
Critical success factors
Tools and techniques
Determining Probability and Impact
Documenting the results

Quantitative Risk Analysis

Purpose and objective
Access Confidence levels in achieving in Project Objectives
Working with Ranges of Outcomes :EMV,3 Point Estimates
Running and Using the Monte Carlo Simulation
Sensitivity Analysis , Decision Trees ,Utility
Documenting the results

Risk Response Planning

Purpose and Objectives
Mitigation Strategies
Cost Benefit of Risk mitigation / opportunity promotion
Mitigation Plans

Risk Monitoring and Controlling

Risk Occurrences: Risk Triggers and fallback plans
Monitoring Mitigations and fallback plan status
Re-Evaluating Existing Risks and Identifying New Ones

Tools/Templates
Sample Risk Break Down Structure (.doc)
How to calculate expected value (.doc)
Sample Impact Scale
Sample Risk Register
Difference between Brainstorming and Delphi technique
Monte Carlo Analysis report (.doc)
Probability Impact Matrix For Threat And Opportunities
Schedule Risk Analysis (.doc)
Cause and effect diagram (Ishikawa or fishbone diagram)
SWOT Analysis Framework
Process Flow Chart
Risk Identification

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