Introduction
The overall aim of this course is to prepare participants for the certified risk manager. Additionally, participants will be able to develop project risk management plans and risk registers. The course also aims at assisting participants in performing qualitative and quantitative assessments for developing appropriate risk responses. In line with the above, participants will devise key performance indicators for monitoring and controlling project risks.
Course Objectives:
- Review the RMP exam requirements and application process
- Define several risk key terms and develop a solid framework of risk management
- Plan risk management and manage the risk register
- Identify project risks using different techniques
- Evaluate qualitatively the identified project risks
- Estimate quantitatively the overall effect of risk on the objectives of the project
- Develop effective response actions that are appropriate to the priority of the project risks
- Review and control project risks through reassessments and audits
- Identify the leadership and communication competencies related to risk management
Target Audience:
Risk managers, project managers, members of project offices, project sponsors, functional managers, senior management, and individuals interested in RMP certification. This course is worth 30 Professional Development Units (PDUs).
Target Competencies:
- Risk reviewing
- Risk planning
- Motivating
- Risk identifying
- Leading
- Risk assessing
- Communicating
Course Outline:
Day (1) PMI-RMP credential overview
- The Project Management Institute (PMI)
- Credential Overview
- Application process
- Exam Overview
- Questions format
Day (2) Introduction to project risk
- PMBOK guide review
- Defining and classifying risk
- Approach to risk management
- Risk management critical success factors
- Project risk management processes
Planning risk management
- Steps to generating the risk management plan
- Planning meetings and analysis
- Risk register contents
- Risk register update cycle
- Managing the risk register
Day (3) Identifying risks
- Information gathering techniques
- Diagramming techniques
- Analysis techniques
- Seven basic tools of quality
Performing qualitative risk analysis
- Risk probability and impact assessment
- Risk probability and impact matrix
- Risk data quality assessment
- Risk categorization
- Risk urgency assessment
Day (4) Performing quantitative risk analysis
- Interviewing and understanding standard deviation
- Probability distributions
- Sensitivity analysis
- Expected monetary value analysis
- Decision tree analysis
Planning risk responses
- Risk response strategies
- Contingency response strategy
- Types of reserves
- Fallback plan
Day (5) Monitoring and controlling risks
- Risk reassessment
- Risk audits
- Variance and trend analysis
- Earned value management
- Reserve analysis
Risk communication and leadership
- Risk communication process
- General Management and Leadership styles
- Motivational and management theories
- Conflict management
About Madrid
Madrid is a city that combines its enduring history with its cosmopolitan atmosphere to create a destination that favored amongst tourists from around the world. This is a city that is very much bursting at the seams with life and its vibrant atmosphere, cultural attractions and connection with history ensure travelers have everything they could possibly want from a European city break. At the end of a flight to Madrid, there are sites to see, picturesque streets to roam and, of course, excellent shopping opportunities to explore. Visitors can immerse themselves in Madrid's fantastic local culture, its peerless art scene and world acclaimed fine dining. In fact, there is very little that Madrid doesn't have to offer.
Things to do and places to visit in Madrid
The only problem travelers will encounter during their visit to Madrid is knowing what to do first. Sampling the mouth-watering tapas, strolling through one of the many excellent museums or even simply soaking up the atmosphere are all excellent options. Spend a sunny day wandering through the splendid squares or marvel at the intricate architecture of the churches.With so many options, flights to Madrid are great for people of any age or inclination.
When visiting Madrid, be sure to:
- See the superb collection of art is the Museo del Prado.
- Stroll down the Gran Via.
- Enjoy the atmosphere of the Plaza Mayor.
- Wander through the stunning gardens of the Parque del Buen Retiro.
- See the beautiful mansion of the Museo Lazaro Galdiano.
- Find quirky fashions in the Fuencarral market.
- Try some of the many different tapas dishes.
- Visit the statues of Don Quixote and Sancho Panza in the Plaza de Espana.
- See the breathtaking Basilica de San Francisco El Grande.
- Wander the Casa de Campo park, which is five times the size of Central Park.
- Shop in the luxury boutiques of the Golden Mile.
- Look for bargains at the El Rasto flea market.
- See Picasso's Guernica in the Reina Sofia museum.
- Snack on churros with chocolate.