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• What is your name and where are you from? • What is the nature of your job? • Have you involved in any Project Management works
in the last 3 years?
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At the end of this course, participants will be able to: ! Describe and understand all Risk Management defined
processes, as outlined in the PMBOK® Guide Fifth Edition ! Gain the necessary information to prepare for the PMI-Risk
Management Professional (PMI-RMP®) Certification Exam ! Use internationally recognized best practices for managing
project risks. ! Learn how to plan project risk management approach, to
understand and manage risk attitudes
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! Demonstrate the impact of successful Risk Management to the organization
! Recognize the key differences between managing risks in project versus business environment
! Have a practical set of self-study techniques and bibliography of reference material
! Apply proven techniques to identify project risks, analyze and create risk register
! Be more focused and proactive about preventing problems, rather than just dealing with them as they occur
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Overview of PMI-RMP Exam
Risk Management Overview
Plan Risk Management
Identify Risk
Perform Qualitative Analysis
Perform Quantitative Analysis
Plan Risk Response
Control Risk
Risk Management Relation
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Time Day 1 Day 2 Day 3 Day 4
09:00 – 10:30 PMI-RMP Exam Overview
Identify Risk Perform Quantitative Risk Analysis
Tailoring Risk Management to Project Management
10:30 – 11:00 NUTRITION BREAK
11:00 – 12:00 Readiness Assessment
Case Study Identify Risk
Plan Risk Response Review and QA
12:15 – 13:00 NUTRITION REPLENISHMENT
13:00 – 15:00 Risk Management Overview
Perform Qualitative Risk Analysis
Control Risk Final Exam Simulation
15:00 – 15:30 NUTRITION BREAK
15:30 – 17:00 Plan Risk Management
Case Study Qualitative Assessment
Case Study and Presentation
Final Exam Simulation
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• PMI’s certification program is designed to ensure that all credential holders have demonstrated their competence through fair and valid measures
• PMI certification and credentials are developed by project management practitioners for practitioners
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• Globally recognized and demanded • Specialized role in project risk management • Acknowledge the individual’s unique expertise on
the project team • PMI-RMP credential holder has competence in the
specialized area of: – assessing and identifying project risks – mitigating threats and capitalizing on opportunities – maintains a basic level of competence in all areas of
project management
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Educational Background Project Risk Management Experience
Project Risk Management Education
Secondary diploma (high school diploma, associate’s degree or global equivalent)
At least 4,500 hours spent in the specialized area of professional project risk management within the last five consecutive years
40 contact hours of formal education in the specialized area of project risk management
OR Four-year degree (bachelor’s degree or global equievalent)
At least 3,000 hours spent in the specialized area of professional project risk management within the last five consecutive years
30 contact hours of formal education in the specialized area of project risk management
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Application Submission 90 days to complete
application
Application Completeness Review 5 days
Applicant Payment Process
Audit Process 90 days to send audit
materials and 5-7 days to be processed by PMI
Multiple-Choice Examination Eligibility 1 year. Up to 3 times
Certification Cycle
Credential Maintenance 3 years. 30 PDUs required
Credential Renewal 30 PDUs earned and submit renewal fees
Credential Suspension 1 year
Credential Expiration At the end of suspension
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Multiple-choice questions
170 questions with 150 scored questions and 20 unscored questions
Computer-based testing (CBT)
3.5 hours examination time
No scheduled breaks (time continuously counting down)
Preceded by tutorial and followed by a survey
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Domain Percentage of Questions
Domain 1 – Risk Strategy and Planning (5 tasks) 19-20% Domain 2 – Stakeholder Engagement (9 tasks) 19-20% Domain 3 – Risk Process Facilitation (7 tasks) 25-28% Domain 4 – Risk Monitoring and Reporting (7 tasks) 19-20% Domain 5 – Perform Specialized Risk Analyses (3 tasks) 14-16% TOTAL 100%
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Develop risk assessment processes and tools that quantify stakeholder risk tolerances in order to assess and determine risk thresholds for the project and set criteria for risk levels
Update risk policies and procedures using information such as lessons learned from projects and outputs of risk audits in order to improve risk management effectiveness
Develop and recommend project risk strategy based on project objectives in order to establish the outline for the risk management plan
Produce risk management plan for the project on the basis of inputs such as project information, external factors, stakeholder inputs, and industry policies and procedures in order to define, fund, and staff effective risk management processes for the project that align with other project plans
Establish evaluation criteria for risk management processes based on project baselines and objectives in order to measure effectiveness of the project risk process
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1. Risk Strategy and Planning 2. Stakeholder Engagement 3. Risk Process Facilitation 4. Risk Monitoring and Reporting 5. Perform Specialized Risk Analysis
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" Includes 19-20% of all certification exam questions. " All risk activities related to developing policies, processes, and
procedures for risk assessment, planning, and response. " Metrics for measuring effectiveness of project risk process, Risk
attitude concepts, Risk Breakdown Structure (RBS), Risk tolerance concepts, Barriers to effective risk management, Project risk management inputs, tools, techniques, and outputs, Project risk contingency and management reserve, Research and analysis techniques, Basic strategy development methodologies.
" Stakeholder risk tolerance, Stakeholder consensus
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" Includes 19-20% of all certification exam questions " All activities related to promoting the understanding of project risk
management for stakeholders and project team members, assessing stakeholder risk tolerance, prioritizing project risk, and promoting risk ownership.
" Information resources, OPA, EEF, Project performance information, Stakeholder sensitivity analysis models, Training and coaching techniques, Stakeholder risk attitudes (including but not limited risk seeking, risk tolerant, and risk averse), Group decision making, Group creativity (including but not limited to brainstorming, nominal group technique, Delphi technique, idea/mind mapping, and affinity diagram).
" Stakeholder risk tolerance (appetite and attitude), Collaborating with stakeholders, Managing teams in multicultural environments, Influencing change
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" Includes 25-28% of all certification exam questions " All activities related facilitating risk identification, evaluation,
prioritization, and response among project team members. " Tools and techniques risk identification, qualitative risk analysis ,
quantitative risk analysis, Risk response strategy types, Contingency management, Risk monitoring and control techniques, Group decision making, Group creativity
" Skills in using analytical software tools for project risk management, Managing teams in multicultural environments, Estimating probability and impact of identified risks
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" Includes 19-20% of all certification exam questions " All activities related to monitoring risk, evaluating risk response against
established metrics, and communicating risk response performance to stakeholders and project team.
" Knowledges of Continuous process improvement and quality management as applied to risk management, Knowledge management techniques for organizing and providing access to project risk information, Alternative formats for project risk reports, Requirements for risk register data fields, Risk statement construction, Risk response activity construction, Risk response metrics, Risk process performance metrics, Risk assessment analysis metrics, Risk management reserves
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" Includes 14-16% of all certification exam questions " All activities related to the specialized quantitative and qualitative tools
and techniques used by project risk management professionals. " Knowledges of Advanced risk identification tools and techniques,
Advanced quantitative risk analysis tools and techniques, Tools and techniques for identifying and analyzing overall project risk, Basic and advanced statistics, Estimation tools and techniques to support risk decision making, Advanced theory of heuristics and other sources of cognitive bias, Variance/Earned Value Analysis
" Skills in Converting qualitative information into risk data, Building representative risk models, Managing and interpreting quantitative and qualitative data
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