PMI Risk Management Professional (PMI-RMP)
- Identify and assess project risks, mitigate threats and capitalize on opportunities
- For those experienced in risk management, or focused on project risk management
- Class is taught by Project Risk Management expert trainer
Public Class
Live Virtual Class
Private Class
Key points about this course
Duration: 5 Days
Time: 9.00am – 5.00pm
Course Fee: RM 8,500.00
HRD Corp Claimable Course
Course Overview
In project and program management it is inevitable that something can and will go wrong. This gets worse in complex and difficult project. The difference in successful project management is adequately assessing the risks and then executing a successful risk response. Organizations must have solid project risk management best practices in place in order to deliver projects within specified time frames, budgets, and quality requirements.
Studies suggest that 90% of project problems can be foreseen through the application of proper project risk management techniques. Proactively identifying and controlling risk greatly increases the accuracy of the project’s scope, schedule, and budget, as well as reduces the amount of time the team spends putting out fires.
This course will focus on improving the project manager’s risk management expertise from initial planning through project closure, with the introduction of important tools and techniques that can tackle both, complex and simple projects. It based on Project Management Institue (PMI®) standard and best practises. Participants will apply all course principles to a work-related case study taken directly from their work environment. At course completion, participants will be able to identify, analyse, respond to, and control project risks.
Who Should Attend
- Project Managers
- Project Services/Control Managers
- Planners/Cost Control
- Project Engineering / Engineering leads
- Supply Chain personals/ Construction Management Personals
- Contract/Proposal Managers
- Program Managers/Sponsors
- IT Project Management
- Or any team members who are part of the risk identification and addressing process and want to learn to quantify risk systematically to deliver projects that meet stakeholder expectations.
Learning Outcomes
Upon completion of this course, participants will be able to plan, identify, assess and validate and improve project control measure through project risk management processes, determine appropriate contingency and proactively facilitate the developing prevention/ corrective action for better decision making.
As some of the project scope, costs and schedules are established without adequate engagement, this course will train the participants to control these triple constraints in any level of complexity of a project.
Among others of this training objectives are as follows: –
- Train the participants to validate project information
- Train the participants to foster clear understanding of challenges ahead
- Train the participants to improve project communication
- Improved customer satisfaction
- Encourage lesson learned
Course Outline
- Perform a Preliminary Document Analysis
- Assess the Project Environment for Threats and Opportunities
- Confirm Risk Thresholds Based on Risk Appetites
- Establish a Risk Management Strategy
- Document the Risk Management Plan
- Plan and Lead Risk Management Activities with Stakeholders
- Conduct Risk Identification Exercises
- Examine Assumption and Constraint Analyses
- Document Risk Triggers and Thresholds Based on Context/Environment
- Perform Qualitative Analysis
- Perform Quantitative Analysis
- Identify Threats and Opportunities
- Plan Risk Response
- Implement Risk Response
- Gather and Analyse Performance Data
- Monitor Residual and Secondary Risks
- Provide Information Required to Update Relevant Project Documents
- Monitor Project Risk Levels