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Risk Management Professional (PMI-RMP)
If you’re looking to hone your project management skills, this course is the perfect preparation for achieving PMI’s Risk Management Professional (PMI-RMP) certification. This credential meets the growing demands of modern project management, including increased complexity and diversity: all while following the 6th Edition of the PMBOK guidebook.
Included In This Course
Included In This Course
8 Hrs 45 Min
28 On-demand Videos
Closed Captions
10 Topics
100 Prep Questions
Certificate of Completion
Course Description
PMI Risk Management Training – Why is the PMI-RMP Important?
Globally recognized and demanded, the PMI-RMP fills the need for a specialist role in project risk management. This certification recognizes the professional’s unique expertise and competency in assessing and identifying project risks, mitigating threats, and capitalizing on opportunities, while still possessing a core knowledge and practical application in all areas of project management.
In taking our PMI Risk Management Training course, you are one step closer to pursuing a PMI-RMP® certification will distinguish you from other professionals and bolster your organization’s reputation. Gaining this distinction is an excellent way to stand out in the field of project management and bring recognition to your business.
Assess Risks In Complex Environments
Navigating risks can be a daunting obstacle, and if not managed strategically, they could potentially lead to delays in completion of objectives, project failure and even extra expenses. Yet when carefully monitored with an expert touch it could offer your organization the competitive edge you’ve been looking for as well as potential opportunities! Risk management is a vital component of all corporate operations. Prove your abilities today by becoming the risk specialist that your business requires.
With PMI-RMP certification, you can:
- Anticipate issues before they arise.
- Proactively identify and manage project risks.
- Eliminate risks project environments.
- Reach peak performance and stick to timetables.
- Utilize your resources to the fullest extent and maximize their potential for your project as well as your organization.
About Online Training Course
This course is tailored to give you the core knowledge and skills to help you pass with confidence for the PMI Risk Management Professional (PMI-RMP) exam. PMI’s Risk Management Professional (PMI-RMP exam) credential is a solution to project management’s increasing growth, complexity, and diversity.
What Will You Learn?
During this PMI Risk Management training, you will learn how to identify and assess project risks, mitigate threats and capitalize on opportunities to enhance and protect the needs of your organization.
This course includes 9 hours of training and 50 course videos. Below are the topics you will learn in this course:
- Concepts Of Risk Management
- Risk Management Environment
- Project Definition
- Risk Management Planning
- Risk Identification
- Qualitative Risk Analysis
- Quantitative Risk Analysis
- Risk Response Planning
- Risk Monitoring And Controlling
Who Should Take This PMI Risk Management Training?
Taking our PMI Risk Management training will help you advance your career by becoming certified as a PMI-RMP and stand out from the crowd with your newly honed skills. Whether you are an ambitious project manager, risk manager, functional manager or C-suite executive, this certification will give you the competitive edge to become successful in your field of work.
Also, If you hold deep insight and proficiency in risk management, or if you are a project manager skilled at managing risks of large projects in intricate settings, then the PMI-RMP® is an ideal option for your advancement.
Get This Course and More In Our
Project Management Training - 9 Course Series
Drive Success In Your Organization
Our 9 course Project Managers bundle offers a comprehensive collection of training sessions to help you not just master project management, but also stay ahead in the curve and learn all its new advancements such as Agile techniques, project documentation and planning. Plus, at ITU, we provide the best route for getting your project management certification, (PMP from Project Management Institute), which is recognized world-wide as the gold standard when it comes to elevating your project management skills!
Key Term Knowledge Base: Key Terms Related to Risk Management Professional (PMI-RMP)
Understanding key terms in Risk Management Professional (PMI-RMP) is crucial for professionals looking to enhance their skills in project risk management. These terms form the foundation of risk management knowledge and are vital for effectively identifying, analyzing, and mitigating risks in projects.
| Term | Definition |
|---|---|
| Risk Management | The process of identifying, assessing, and controlling threats to an organization’s capital and earnings. |
| PMI-RMP | Project Management Institute – Risk Management Professional, a certification for risk management professionals. |
| PMBOK | Project Management Body of Knowledge, a set of standard terminology and guidelines for project management. |
| Risk Identification | The process of determining risks that could potentially prevent the project from achieving its objectives. |
| Qualitative Risk Analysis | The process of prioritizing risks for further analysis or action by assessing their probability of occurrence and impact. |
| Quantitative Risk Analysis | The process of numerically analyzing the effect of identified risks on overall project objectives. |
| Risk Response Planning | The process of developing options and determining actions to enhance opportunities and reduce threats to project objectives. |
| Risk Monitoring and Controlling | The process of tracking identified risks, monitoring residual risks, identifying new risks, and executing risk response plans. |
| Stakeholder Engagement | The systematic identification, analysis, planning, and implementation of actions designed to engage with stakeholders. |
| Risk Process Facilitation | The coordination of the risk management process, including planning, identification, analysis, response planning, and monitoring and control. |
| Specialized Risk Analyses | Advanced techniques used to understand and analyze risks within a project. |
| Risk Management Plan | A document prepared by a project manager to foresee risks, estimate impacts, and define responses to issues. |
| Risk Appetite | The level of risk that an organization is prepared to accept in pursuit of its objectives. |
| Risk Tolerance | The degree of variability in investment returns that an individual or organization is willing to withstand. |
| Risk Threshold | The level of risk exposure above which risks are addressed and below which risks may be accepted. |
| Risk Register | A document in which the results of risk analysis and risk response planning are recorded. |
| Contingency Plan | A plan devised for an outcome other than in the usual (expected) plan, often used for risk management. |
| Mitigation Strategies | Actions taken to reduce the likelihood or impact of a risk. |
| Risk Owner | The person responsible for managing risks and implementing risk responses. |
| Residual Risk | The risk that remains after all efforts to identify and eliminate risk have been made. |
This knowledge base provides a foundational understanding of key concepts in project risk management, essential for professionals seeking the PMI-RMP certification.
Frequently Asked Questions About Risk Management Professional Certification
What is the PMI-RMP certification?
The PMI-RMP (Project Management Institute-Risk Management Professional) certification is a globally recognized credential that validates a professional’s expertise in identifying and managing project risks. It is offered by the Project Management Institute (PMI).
Why should I pursue the PMI-RMP certification?
Obtaining the PMI-RMP certification demonstrates your commitment to excellence in risk management and enhances your professional credibility. It can open doors to new career opportunities and increase your earning potential. It also provides you with a comprehensive framework and best practices for effectively managing risks in projects.
What are the eligibility requirements for the PMI-RMP certification?
To be eligible for the PMI-RMP certification, you must have a secondary degree (high school diploma, associate’s degree, or global equivalent) and meet specific project risk management experience requirements. PMI requires a minimum of 4,500 hours of professional project risk management experience along with at least 40 hours of formal project risk management education. Alternatively, you can meet the eligibility criteria with a four-year degree, 3,000 hours of project risk management experience, and 30 hours of formal education.
How do I apply for the PMI-RMP certification?
To apply for the PMI-RMP certification, you need to create an account on the PMI website (www.pmi.org) and complete the online application. The application requires you to provide details of your education, project risk management experience, and formal training in risk management. You may also need to provide supporting documentation, such as education transcripts and certificates of training.
What is the PMI-RMP exam format?
The PMI-RMP exam is a computer-based test consisting of multiple-choice questions. It assesses your knowledge and understanding of project risk management concepts, principles, and practices. The exam consists of 170 questions, and you have 3.5 hours to complete it. The questions are based on the PMI-RMP Exam Content Outline, which outlines the domains and tasks that the exam covers.
How can I prepare for the PMI-RMP exam?
To prepare for the PMI-RMP exam, you can follow a few steps. First, review the PMI-RMP Exam Content Outline provided by PMI to understand the domains and tasks covered in the exam. Then, consider enrolling in a PMI-RMP exam preparation course or workshop to gain in-depth knowledge and practice. Additionally, utilize study materials such as textbooks, online resources, and practice exams to reinforce your understanding and test your knowledge.
Is there a renewal requirement for the PMI-RMP certification?
Yes, the PMI-RMP certification is valid for three years. To maintain your certification, you must earn 30 Professional Development Units (PDUs) in the area of project risk management during each three-year renewal cycle. PDUs can be earned through various activities, including attending educational events, participating in webinars, and publishing articles or papers related to risk management.
Can I earn PDUs for the PMI-RMP certification before passing the exam?
No, PDUs can only be earned after you have obtained the PMI-RMP certification. Once you pass the exam and become a certified PMI-RMP, you can start earning PDUs to fulfill the renewal requirements.
Are there any prerequisites or certifications required before pursuing the PMI-RMP certification?
No, there are no prerequisites or other certifications required to pursue the PMI-RMP certification. However, having prior knowledge or experience in project management can be beneficial in understanding
Proudly DisplayYour Achievement
Upon completion of your training, you’ll receive a personalized certificate of completion to help validate to others your new skills.
Course Outline
PMI Risk Management Professional (PMI-RMP) 6th Edition Course Content
Module 1: Risk Management Fundamentals
Instructor Intro
Course Intro
Risk Management Fundamentals Pt 1
Risk Management Fundamentals Pt 2
Module 2: Test Requirements
Test Requirements
Module 3: Test Domains
Test Domains Pt 1
Test Domains Pt 2
Module 4: Risk Strategy and Planning
Risk Strategy and Planning Pt 1
Risk Strategy and Planning Pt 2
Module 5: Stakeholder Engagement
Stakeholder Engagement Pt 1
Stakeholder Engagement Pt 2
Stakeholder Engagement Pt 3
Stakeholder Engagement Pt 4
Module 6: Risk Process Facilitation
Risk Process Facilitation Pt1
Risk Process Facilitation Pt2
Risk Process Facilitation Pt3
Module 7: Risk Monitoring and Reporting
Risk Monitoring and Reporting Pt 1
Risk Monitoring and Reporting Pt 2
Risk Monitoring and Reporting Pt 3
Module 8: Specialized Risk Analyses
Specialized Risk Analyses Pt 1
Specialized Risk Analyses Pt 2
Specialized Risk Analyses Pt 3
Module 9: RMP Recap
RMP Recap
Module 10: RMP Review Questions
RMP Review Questions Pt 1
RMP Review Questions Pt 2
RMP Review Questions Pt 3
RMP Review Questions Pt 4
RMP Review Questions Pt 5
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Risk Management Professional (PMI-RMP)
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