Course Description
What Is (PMI-RMP)®?
PMI Risk Management Professional (PMI-RMP)® credential is very covet as a domain which will shape your career. With a lot of uncertainty in the market, with world being exposed to recession so often, with change being the only constant, Risk management as a professional has found a niche presence across the globe, arguably in all industries. Risk management certification endorses professionals to manage risks with confidence. In most cases, managing business effectively is correlated with managing risks effectively & efficiently.
Risk Management training provided by ExcelR will help you gain the expertise across the risk management lifecycle right from risk planning to risk monitoring & control. Best part about the training is the inclusion of risk management tools such as Oracle Crystal Ball to explain the nuances of the tools & techniques used in risk management domain. This program includes concepts related to project risk management with a brief introduction to the organizational risks.
World is witnessing recession once in every decade and the frequency is only increasing as we progress. Understanding the uncertainty in the economy and being prepared with risk responses to handle the turmoil is key to the success of any business. Risk management tools and techniques will enable a professional to cater to the needs of increasing the project success. Most interestingly “Risk management professional” certification has generic concepts which is applicable to any sector within any industry.
Course Curriculum
- Risk management concepts
- Probability distributions – Beta, Triangular, Lognormal, Exponential, etc
- Defining project risks
- Defining risk management processes
- Risk communication basics
- Risk tolerances and impacts
- Risk management reporting
- Inputs to risk planning
- Creating the risk management plan
- Identify the technique used for plan risk management process
- Identify sections of risk management plan
- Recognize the principles of risk tolerance, probability and impact
- Documentation review
- Gathering risk information
- Risk register
- Risk identification analysis
- Root cause analysis and diagramming techniques
- Introduction to Qualitative risk analysis
- Risk probability and impact assessment
- Risk quality and urgency assessment
- Updating the risk register with qualitative data
- Introduction to Quantitative risk analysis
- Risk data gathering and representation techniques
- Quantitative risk analysis – Decision Tree analysis
- Quantitative risk modeling techniques – Simulation
- Updating the risk register with quantitative data
- Introduction to risk response planning
- Risk response strategies – negative risks and positive risks
- Contingent response strategies
- Updating plans and risk documentation
- Introduction to monitoring and controlling risks
- Techniques for monitoring and controlling risks
- Risk document updates and change requests
Contact Our Team of Experts
