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PRODUCTIVITY THROUGH EDUCATION®
 
 

Preparing for the PMI Risk Management Professional (PMI-RMP)® Exam

 
Course: 286   Duration: 4 Days   PMI: 23   CPE: 23
 
 

You Will Learn How To

  • Manage project risk effectively to deliver successful projects that meet stakeholder needs
  • Apply customizable, industry-robust templates to create a Risk Management Plan and Risk Register
  • Leverage a proven 7-step qualitative risk analysis process to identify risk exposure
  • Translate risk into actual time and cost impact using proven quantitative risk analysis tools
  • Utilize a tested 7-step technique to design your risk response strategies
  • Monitor risk triggers to control uncertainties and maximize project payoff

Course Benefits

All projects involve risk. To quantify and manage risks, you need to thoroughly analyze risk before and during a project. This course provides the skills to help you prepare for the PMI-RMP® exam. Through identifying and measuring risks in project development and implementation, you learn to quantify risks and create risk response strategies to deliver projects that meet stakeholder expectations.

Who Should Attend

Those with a stake in seeing a project through to successful completion as well as those who plan to take the PMI-RMP® exam. Experience at the level of Course 296, "Project Management: Skills for Success," or Course 340, "Project Management for Software Development," is recommended.

RealityPlus™

In this course, you are immersed in a PC- and video-enhanced case study to simulate a project risk experience from planning to project close. You perform risk management tasks including:
  • Creating your RMP from a proven model
  • Developing and updating a Risk Register through a systematic incremental process
  • Applying a 7-step qualitative risk analysis process to determine probability, impact and exposure
  • Quantifying risks according to EMV, Utility and impact on estimates
  • Designing a risk response strategy
  • Detecting and responding to risk events using EVA
  • Updating your risk database and determining process improvements

Related Courses

 
PMI R.E.P. logo and PMI - RMP are registered marks of the Project Management Institute, Inc. RealityPlusTM is a trademark of Learning Tree International, Inc.
Learning Tree AnyWareTM is a trademark of Learning Tree International, Inc. in the United States and other countries, and is covered by a patent application pending in the United States.
  

Training Dates

Live online classroom training.Most events below can be taken in-class or live, online from your home or office with AnyWare.
Jul 31 - Aug 3Reston, VA
Sep 4 - 7New York
Sep 18 - 21Ottawa
Oct 16 - 19Reston, VA
Nov 27 - 30Reston, VA
Dec 4 - 7Toronto
Jan 8 - 11New York

For AnyWare enrollments, please register at least 7 days prior to the start of the course.


For complete schedule, please visit www.learningtree.com
 
http://www.learningtree.com/courses/286pf.htm
 
 
1-888-THE-TREE (1-888-843-8733)
PRODUCTIVITY THROUGH EDUCATION®
 
 

Preparing for the PMI Risk Management Professional (PMI-RMP)® Exam

 
Course: 286   Duration: 4 Days   PMI: 23   CPE: 23
 
 
Course 286 Content
 

Overview of Project Risk Management

  • Recognizing risk in all projects
  • Using risk management best practices, tools and techniques to achieve project success

Designing Critical Platforms for Success

Creating a Risk Management Plan (RMP)

  • Analyzing contents of a model RMP
  • Applying a standard template to create your RMP

Identifying project risk

  • Common sources of project risk
  • Creating Ishikawa diagrams to analyze cause and effect relationships
  • Utilizing checklists
  • Assessing high-level risks to the organization

Developing a Risk Register

  • Analyzing contents of a model Risk Register
  • Applying a proven template to create your Risk Register
  • Communicating risks to stakeholders
  • Documenting risks for future assessment

Improving Project Performance through Qualitative Analysis

Analyzing risks through qualitative measures

  • Performing probability and impact analyses of identified risk
  • Applying the probability and impact matrix
  • Advanced applications of qualitative analysis

Prioritizing analysis results

  • Ranking project risks
  • Differentiating between acceptable and unacceptable risks

Analyzing Risks Using Quantitative Methods

Quantifying effects of risk events on the project

  • Determining probability of achieving cost and time objectives
  • Calculating contingency reserves
  • Identifying trends in quantitative analysis
  • Ranking risks by actuarial cost

Tools for analysis

  • Expected Monetary Value (EMV)
  • Three-point estimates
  • Probability distributions
  • Delphi Technique
  • Simulation

Risk Response Planning

Implementing risk response strategies

  • Accept
  • Avoid
  • Transfer
  • Mitigate
  • Exploit
  • Share
  • Enhance
  • Quantifying residual risks and secondary responses

Creating contingency plans

  • Determining the worst-case scenario
  • Recalculating confidence levels
  • Finalizing risk budget
  • Applying a 7-step process to risk response planning

Making Decisions under Uncertainty

Psychological factors in decision making

  • Practical applications of Prospect Theory
  • Recognizing bias with Utility Theory

Tools to enhance objectivity

  • Maximizing returns through the use of payoff tables
  • Applying decision trees with Precision Tree software
  • Dealing with unknown risks using workarounds

Monitoring and Controlling Risk

Identifying emerging project risks

  • Matching identified project risk with controls including Risk Audit, Variance Reports, Reserve Analysis
  • Anticipating risk events through risk triggers
  • Measuring risk using earned value analysis (EVA)

Ensuring effective change control

  • Developing a reliable change request process
  • Recommending corrective action

Leveraging Project Experience

  • Creating an end-of-project risk report
  • Compiling lessons learned in a risk database
  • Recognizing the value of mistakes
  • Ensuring continual process improvement
 
http://www.learningtree.com/courses/286pf.htm
 
 
1-888-THE-TREE (1-888-843-8733)
PRODUCTIVITY THROUGH EDUCATION®
 
 

Preparing for the PMI Risk Management Professional (PMI-RMP)® Exam

 
Course: 286   Duration: 4 Days   PMI: 23   CPE: 23
 
 
Tuition for Course 286 (4 Days)

Your Course Tuition Entitles You To...

  • Class participation
  • Team workshops
  • Use of in-class hands-on equipment
  • Comprehensive course materials
  • Morning and afternoon refreshments
  • Course Completion Certificate awarding Continuing Education Units
  • FREE participation in Professional Certification
  • FREE participation in College Credit programs (including related exams)

Yours FREE To Take Home:

You receive the Practice Standard for Project Risk Management.
 
 

Tuition Savings Plans

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Alumni Gold Discount Attend your first course and you'll receive a personalized Alumni Gold Discount card, entitling you to save as much as $320 on each course you take within the following 12 months. Take just one course each year and you'll be entitled to ongoing discounts...year after year!

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  • Simple
    Tuition is not required until
    30 days after you attend
    your course.
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    Reschedule or cancel
    your course—at any time
    —at no cost to you.
  • 100% Guaranteed
    Our courses are guaranteed to
    give you 100% satisfaction in
    every way—or you pay no tuition.

 
 
http://www.learningtree.com/courses/286pf.htm