Course Description
The Project Management Institute (PMI)® offers a professional credential for project risk managers, known as the PMI Risk Management Professional (PMI-RMP)®. The PMI-RMP® is a competency–based credential which acknowledges and highlights the individual’s unique expertise to identify and assess project risks, mitigate threats and capitalize on opportunities to the project management profession than a general practitioner and yet, also maintains a basic level of competence in all areas of project management.
This learning course also serves to help participants prepare for the Project Management Institute’s (PMI®) Risk Management Professional (PMI-RMP®) exam with the understanding of project risk management according to the Project Management Body of Knowledge (PMBOK®) Guide – Seventh Edition.
Aligned with the PMI Risk Management Professional (PMI-RMP®) certification, this course provides the skills to identify and measure risks in project development and implementation. You learn to quantify risks and create risk response strategies to deliver projects that meet stakeholder expectations.
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Course Objectives
Upon completion of this course, participants will be able to:
- Describe and understand all Risk Management defined processes, as outlined in the PMI® PMBOK® Guide Fifth Edition
- Gain the necessary information to prepare for the PMI® Project Risk Management Professional (PMI-RMP®) Certification Exam
- Use internationally-recognized best practices for managing project and operations risks.
- Apply risk management techniques to determine the true cost and schedule for projects and operations
- Demonstrate the impact of successful Risk Management to the organization
- Avoid common risk management pitfalls
- Describe Risk Management principles and techniques and how they apply to the day-to-day management of projects and operations
- Have a practical set of self-study techniques and bibliography of reference material
- Use common risk management terminology
- Be more focused and proactive about preventing problems, rather than just dealing with them as they occur
Who Should Attend
This course serves in preparing the participants to qualify for the Project Management Institute Risk Management Professional (PMI-RMP®) exam.
This course is also for any individual, who is engaged in risks management profession with a minimum of one year of experience as a risk management practitioner. Risk managers, project managers and line managers will benefit from this course.
Instructor
Instructor
- President of PMI Thailand Chapter for 13 years (2011-2023).
- Currently Past President and PMI Thailand Chapter Counselor.
- He is a PMI licensed training instructor – profile on PMI global website.
- He is a Certified Program Management Professional (PgMP®) (Project Management Institute – www.pmi.org); Certificate # 2079271.
- He is a Certified Project Management Professional (PMP/CAPM®) (Project Management Institute – www.pmi.org); Certificate #1258917
- He is an Agile Certified Practitioner (PMI-ACP®) (Project Management Institute – www.pmi.org); Certificate #2600926
- He is a Certified Scrum Master (CSM®) (Scrum Alliance – www.scrumalliance.org); Certificant ID: 001062861
- He is a SAFe Program Consultant (SPC)® 6.0; Certificate ID: 50804412-3031
- He is a SAFe Agilist® 6.0 (www.scaledagile.com); Certificate ID: 23353981-8934
- He is Certified Risk Management Professional (RMP®) (Project Management Institute – www.pmi.org); Certificate #2033120
- He has experience managing and leading mega-projects (Information Technology, Airport-related, CCTV-related, Transport-related, and Power Infrastructure) in various industries.
- He is a commercial contract manager, reviewer, and advisor.
- He teaches part-time at King Mongkut University of Technology (Thonburi) – Graduate School of Management and Innovation (Master Degree in Project Management). He is an invited lecturer to Chulalongkorn University.
- He holds a Doctorate degree obtained from Assumption University of Thailand with an international record of publications in refereed journals with a special concentration on business management.
- He has trained more than 5000 program/project managers, project engineers, project coordinators, and project team members since 2010.
- He has helped certify more than 800 Project Management Professionals (PMP/CAPM/PMI-ACP) in Thailand.
- He is also a highly experienced speaker and trainer who is also passionate about Project Management.
- Passionate about the Agile methodologies and their applications in different business environments
Detailed Course Syllabus
Risk Management Fundamentals
฿4,000.00
Delivery Method
Instructor led, group-paced, classroom-delivery learning model
Prerequisites
- No pre-requisites required.
Course Duration
- 30 hours
Course Outline
- Requirements
- Domain Areas
- Definition of risks
- Risk Breakdown structure (RBS)
- Risk Categories
- What do you need before you can effectively start risk management?
- How does risk management fit into the project management process and operations?
- What risk management is and why can it make or break your career
- Project risks and operation risks?
- Negative risks and positive risks (Opportunities)
- Plan Risk Management
- Identify Risks
- Perform Qualitative Risk Analysis
- Perform Quantitative Risk Analysis
- Plan Risk Responses
- Monitor and Control Risks
- 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 relationship
- Checklists
- Developing a Risk Register
- Analyzing contents of a model Risk Register
- Applying a proven template to create your Risk Register
- Documenting risks for future assessments
- Analyzing risks through qualitative measures
- Performing probability and impact analyses of identified
- Applying the probability and impact matrix
- Advanced applications of qualitative analysis
- Prioritizing analysis results
- Ranking project risks
- Differentiating between acceptable and unacceptable risks
- 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 (EMW)
- Three-point estimates
- Probability distributions
- Delphi Technique
- Simulation
- Implementing risk response strategies
- Threats: Accept, Avoid, Transfer and Mitigate
- Opportunities: Exploit, Share, Enhance
- Quantifying residual risks and secondary responses
- Creating contingency plans
- Determining the worst case scenario
- Recalculating confidence levels
- Finalizing risk budget
- 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
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- (66) 92 348 4772
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