PMI Risk Management Professional (PMI-RMP) Online Course

PMI Risk Management Professional (PMI-RMP) Online Course

The PMI-RMP® is one of the fastest-growing certifications offered by the Project Management Institute (PMI) and validates your expertise in comprehensive risk management—ranging from strategic planning to risk analysis and ongoing monitoring.

This course is designed to prepare you thoroughly for the PMI-RMP® exam by covering every essential area of project risk management. You'll start by learning how to develop an effective risk management plan that prepares your project for potential challenges before they arise.

In the Risk Identification module, you'll explore key inputs and techniques such as SWOT analysis, data analysis, and assumption/constraint analysis to build a robust risk register. The Risk Analysis section covers both qualitative and quantitative risk analysis processes, equipping you with the tools to evaluate and prioritize risks effectively.

Finally, you’ll dive into Risk Response Planning and Monitoring, where you'll learn how to choose appropriate response strategies, implement them efficiently, and monitor risks throughout the project lifecycle.

Who should take this Course?

The PMI Risk Management Professional (PMI-RMP) Online Course is ideal for project managers, risk managers, team leaders, and professionals responsible for identifying, assessing, and managing project risks. It’s also suitable for individuals preparing for the PMI-RMP certification exam and those seeking to enhance their ability to minimize threats and maximize opportunities in project environments. Prior project management experience or knowledge of PMI standards is recommended for optimal learning.

Course Table of Contents

Introduction

• Course Introduction

Overview of RMP Certification Course

• Learning Objective
• About PMI and PMBOK
• Who Should Apply and Why PMI-RMP
• PMI-RMP Eligibility Requirement and Timeline
• How to Apply, Certification Fees, and Exam Information
• Key Takeaways

Plan Risk Management

• Learning Objective
• Risk and Risk Factors
• Types of Risks and Examples
• Types of Business and Insurable Risk
• Risk Appetite and Tolerance
• Risk Profiling and Attitude
• Risk Budgeting and Triggers
• Project Risk Management and Critical Success Factor
• Plan Risk Management Process
• Plan Risk Management – Input and Tools and Techniques
• Plan Risk Management - Output
• Risk Management Plan Components
• Data Analysis – Stakeholder Analysis
• Risk Breakup Structure, Effect, and Source-Based Risk Calculation
• Probability Risk and Impact Scale
• Level of Uncertainty
• Risk Analysis
• Risk Management Roles and Responsibilities
• Key Takeaways
• Case Study - 1

Identify Risks

• Learning Objective
• Identifying Risks Process
• Identifying Risks Input
• Risk Identification – Tools and Techniques
• Risk Identification – Tools and Techniques – Historical Review and Current Assessment
• Risk Identification – Tools and Techniques – Creative Techniques
• Stakeholder Participation, Risk Register Details, and Risk Description
• Early, Iterative, and Emergent Identification
• Critical Success Factors – Other Identification
• Assumption and Constraint Analysis, SWOT Analysis and Checklist Analysis
• Prompt List, Interview, Brainstorm, and Delphi Technique
• Gathering Techniques to Identify Risks
• Key Takeaways
• Case Study 2

Perform Qualitative Risk Analysis

• Learning Objective
• Perform Qualitative Risk Analysis Process
• Perform Qualitative Risk Analysis Process – Tools and Techniques
• Critical Success Factor
• Building Risk Analysis Credibility, and Probability and Impact
• Risk Data Quality Assessment
• Updated Risk Register
• Perform Qualitative Risk Analysis
• Key Takeaways
• Case Study 3

Perform Quantitative Risk Analysis

• Learning Objective
• Perform Quantitative Risk Analysis - Inputs
• Perform Quantitative Risk Analysis – Tools and Techniques
• Quantitative Risk Analysis Update Components and Data
• Critical Success Factor and Project Risk Ranking
• Probability Distribution
• Quantitative Risk Analysis
• Sensitivity Analysis
• EMV and Decision Tree Analysis
• Simulation and Monte-Carlo Analysis
• Latin Hypercube Stratified Sampling
• Qualitative Versus Quantitative Risk Analysis
• Case Study 4
• Key Takeaways

Plan Risk Responses

• Learning Objective
• Plan Risk Responses Process
• Plan Risk Responses – Input, Tools and Techniques, and Output
• Critical Success Factor
• Escalate and Avoid
• Transfer and Mitigate
• Accept
• Positive Risk Strategies
• Contingency Plans
• Residual and Secondary Risk, and Risk Register Updates
• Risk-Related Contract Decisions and Project Management
• Key Takeaways
• Case Study 5

Monitor Risk

• Learning Objective
• Monitor Risks Process
• Monitor Risks Input
• Tools and Techniques – Data Analysis
• Tools and Techniques – Meetings
• Monitor Risks Output
• Risks Reassessment
• Conducting Risk Audit
• Monitor Risk Process Documentation and Project Closure
• Key Takeaways