An Intensive 5-day Training Course
Risk Management Professional (PMI-RMP)
Dealing Effectively with Portfolio, Program and Project Risks
Course Introduction
Risk management is an integral part of project management. Risks should be identified and managed proactively in projects before they become issues leading to delays, cost overruns or functionality issues. Risks are also present on the program level and portfolio level; unmanaged risks on program level may lead to uncoordinated management of shared resources and issues leading to compromising the benefits delivery expected from the group of projects, while unmanaged risks on portfolio level may lead to missing the alignment with strategic objectives.
This Risk Management Professional (PMI-RMP) training course will provide the concepts, models, methods, and artifacts used to manage risks from creating a risk management strategy to risk closure.
This Oxford Management Centre training course will highlight:
- Risk Strategy and Planning
- Risk Identification
- Risk Analysis
- Risk Response Planning and Implementation
- Risk Monitoring and Closure
- Relation between project risk and Enterprise Risk Management (ERM)
Objectives
At the end of this Risk Management Professional (PMI-RMP) training course, you will learn to:
- Understand and elaborates upon the core concepts and fundamentals of risk management;
- Describes the risk management relations within portfolio, program, and project environments; and ultimately with the Enterprise Risk Management (ERM)
- Define and apply the risk management life cycle and related processes;;
- Apply risk management concepts, techniques, tools, processes, and good practices while executing a portfolio, program, or project management plan.
- Get prepared for the PMI-Risk Management Professional Certification (PMI-RMP)
Training Methodology
This Risk Management Professional (PMI-RMP) training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes:
- Training provided via an interactive traditional class-room format
- Facilitation by tackling issues faced by participants in managing their project risks
- Use of practical local and international case studies to reinforce learning
Organisational Impact
By attending these course, your organization will benefit from:
- Reducing the organization’s exposure to risks and its impacts and exploiting the opportunities by applying international best practices
- Deliver the target benefits and objectives of your projects, programs and portfolio
- Customizing the organizations risk management strategy and risk management methodology according to your needs
- Effectively handling the escalated risks from project level to program level or to the organization level based on risk scope and the degree of authority
- Saving precious executive time used in handling risks and missed opportunities
Personal Impact
By attending these course, you will benefit from:
- Increasing your awareness of negative risks and opportunities
- Understanding your roles in risk management planning and executing it as part of the project management plan
- Understanding and applying various risk response strategies such as avoidance, mitigation, transfer, acceptance and escalation
- Professionalism in drafting contract conditions to mitigate risks and reduce claims
- Building a career in risk management by getting an international certificate
Who Should Attend?
This Risk Management Professional (PMI-RMP) training course is intended for a wide-range of professionals starting from senior managers considering risk management in selecting and authorizing project up to the project teams in the trenches using risk management in planning and executing projects different industries covering ICT projects, business transformation projects, construction and Oil and Gas, projects; including but not limited to:
- Senior Managers and Portfolio Governance Board Members
- Program Managers, their Teams
- Project Managers, their Teams
- PMO Directors and Staff
- Functional Managers in Engineering, Finance and Procurement
- Contract Specialists, Contract Engineers, Planners and Cost Estimators
Course Outline
Day One
The Foundation and Strategies for Risk Management
- Course objectives and introduction
- Definitions: uncertainty; risk; and risk attitude, appetite and threshold
- Risk management in organizations, portfolio, program and project levels
- Assessing overall business environment and its impact on risks
- Establish risk management strategy and documenting the risk management plan
- Workshop: Sample risk management plan
- How to prepare and apply for the PMI-RMP certification exam
Day Two
Risk Identification in Collaboration with Stakeholders
- Communicate and engage stakeholders in risk management
- Identify stakeholder risk attitude, appetite, and threshold
- Identify risks using workshops, focus groups, Delphi and other exercises
- Review documents and examine assumptions and constraints
- Develop risk register, and assign responsibilities
- Workshop: Risk register for the case study project
Day Three
Estimate the Risk Impact on Schedule and Cost
- Create the Work Breakdown Structure (WBS)
- Define activities and their logical sequence
- Develop project schedule and CPM Analysis
- Estimate costs: cost types and estimate techniques
- Create the integrated performance measurement baseline
- Overview of the Earned Value Management (EVM)
- Workshop: CPM and EVM workshop
Day Four
Risk Analysis and Risk Response Planning
- Perform risk classification based on the risk category
- Qualify and prioritize risks based on probability and impact matrix
- Perform quantitative risk analysis
- Assess overall threats and opportunities and their impact on project objectives
- Workshop: Update risk register after qualitative analysis
- Workshop: Risk simulation using Monte Carlo technique
- Select the appropriate risk responses for threats and opportunities
Day Five
Monitor and Close Risks
- Create and implement Risk Action Plans (RAPs)
- Risk response quiz
- Monitor response implementation
- Manage residual and secondary risks
- Audit and report overall project risk levels
- Overall review and Q/A session
- Course Closure
Certificate
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to [email protected]
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email [email protected] or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
