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  • 13 hours of high quality e-learning content
  • 68 chapter-end quizzes
  • 3 RMP® simulation exams
  • Downloadable e-book
  • Course completion certificate
  • 30 PDUs offered

Course description

  • What is this course about?

    The Risk Management Course empowers you to develop knowledge and skills required to clear your PMI-RMP® exam in first attempt. Risk Management Professional certification demonstrates a professional’s specialization in assessing, identifying and controlling risks. This course will enable you to assess the risk velocity and help you to ascertain the route to risk mitigation by prior planning.

  • What are the course objectives?

    By the end of this training you will be able to

    • Clear the PMI-RMP® Certification exam in First Attempt
    • Identify by qualitative and quantitative assessments of risk
    • Develop and deploy risk mitigation strategies
    • Possess knowledge of risk management based on the PMBOK® Guide and Practice Standard for Project Risk Management

  • Who should do this course?

    The PMI-RMP® (Risk Management Professional) Course is best suited for

    • Project managers
    • Line Managers
    • Aspiring Project Managers, Program Managers
    • Risk Management Consultants

Course preview

    • Getting started 11:08
      • Getting started11:08
    • Lesson 01 - Introduction to PMI-RMP® Certification Course 26:15
      • 1.1 Introduction to PMI-RMP® Certification Course00:32
      • 1.2 Objectives00:25
      • 1.3 Course Overview01:15
      • 1.4 Course Overview (contd.)01:19
      • 1.5 PMI-RMP® and PMI® Information02:34
      • 1.6 Prerequisites for the PMI-RMP® Exam02:43
      • 1.7 RMP® Credential Process—Timeline
      • 1.8 About the PMI-RMP® Exam01:00
      • 1.9 About the PMI-RMP® Exam (contd.)00:56
      • 1.10 PMI-RMP® Exam Syllabus
      • 1.11 Domain 1 - Risk Strategy and Planning01:37
      • 1.12 Domain 1 - Risk Strategy and Planning Knowledge and Skills01:21
      • 1.13 Domain 2 - Stakeholder Engagement02:00
      • 1.14 Domain 2 - Stakeholder Engagement Knowledge and Skills01:24
      • 1.15 Domain 3 - Risk Process Facilitation01:43
      • 1.16 Domain 3 - Risk Process Facilitation Knowledge and Skills01:04
      • 1.17 Domain 4 - Risk Monitoring and Reporting01:41
      • 1.18 Domain 4 - Risk Monitoring and Reporting Knowledge and Skills01:08
      • 1.19 Domain 5 - Perform Specialized Risk Analyses01:09
      • 1.20 Domain 5 - Perform Specialized Risk Analyses Knowledge and Skills01:21
      • 1.21 Summary00:53
      • 1.22 Conclusion00:10
    • Lesson 02 - PMI-RMP® Risk Management Framework 19:33
      • 2.1 Risk Management Framework00:17
      • 2.2 Objectives00:22
      • 2.3 Purposes of Practice Standard for Risk Management01:54
      • 2.4 Project Risk Definition01:12
      • 2.5 Project Risk Management Definitions01:26
      • 2.6 Project Risk Management Definitions (contd.)
      • 2.7 Project Risk Management Definitions (contd.)
      • 2.8 Roles of Project Risk Management01:17
      • 2.9 Good Risk Management Practices02:28
      • 2.10 Critical Success Factors01:41
      • 2.11 Functional Organization00:50
      • 2.12 Functional Organization Advantages and Disadvantages01:10
      • 2.13 Projectized Organization00:23
      • 2.14 Projectized Organization Advantages and Disadvantages01:19
      • 2.15 Matrix Organization00:19
      • 2.16 Matrix Organization Advantages and Disadvantages01:30
      • 2.17 Types of Risk01:23
      • 2.18 Types of Risk Knowledge of Risk Level01:09
      • 2.19 Quiz
      • 2.20 Summary00:46
      • 2.21 Conclusion00:07
    • Lesson 03 - PMI-RMP® Principles and Concepts 08:48
      • 3.1 Principles and Concepts00:19
      • 3.2 Objectives00:33
      • 3.3 Individual and Overall Project Risks01:33
      • 3.4 Stakeholder Risk Attitudes
      • 3.5 Iterative Process01:15
      • 3.6 Communication00:48
      • 3.7 Responsibility for Project Risk Management01:38
      • 3.8 Role of Project Manager01:54
      • 3.9 Quiz
      • 3.10 Summary00:39
      • 3.11 Conclusion00:09
    • Lesson 04 - PMI-RMP® Introduction to Project Risk Management Processes 09:10
      • 4.1 Introduction to Project Risk Management Processes00:19
      • 4.2 Objectives00:20
      • 4.3 Project Risk Management00:56
      • 4.4 Project Risk Management and Project Management01:35
      • 4.5 Project Risk Management and Project Management (contd.)01:13
      • 4.6 Project Risk Management Processes01:44
      • 4.7 Project Risk Management Processes (contd.)02:08
      • 4.8 Project Risk Management Processes (contd.)
      • 4.9 Quiz
      • 4.10 Summary00:42
      • 4.11 Conclusion00:13
    • Lesson 05 - PMI-RMP® Plan Risk Management 24:15
      • 5.1 Plan Risk Management00:37
      • 5.2 Objectives00:19
      • 5.3 Objectives of Plan Risk Management Process00:34
      • 5.4 Purposes of Plan Risk Management Process01:14
      • 5.5 Purposes of Plan Risk Management Process (contd.)00:42
      • 5.6 Success Criteria02:19
      • 5.7 Critical Success Factors
      • 5.8 Inputs, Tools and Techniques, and Outputs01:01
      • 5.9 Inputs01:36
      • 5.10 Tools and Techniques
      • 5.11 Output00:38
      • 5.12 Project Templates00:38
      • 5.13 Documenting the Results01:02
      • 5.14 Standardized Approach to Risk Management—Example00:48
      • 5.15 Standardized Approach to Risk Management—Example (contd.) 01:00
      • 5.16 Risk Management Plan—Components01:24
      • 5.17 Risk Management Plan—Components (contd.)00:51
      • 5.18 Probability Scales01:16
      • 5.19 Impact Scales00:51
      • 5.20 Probability and Impact Matrix01:15
      • 5.21 Risk Breakdown Structure (RBS)01:17
      • 5.22 Risk Tolerance00:34
      • 5.23 Techniques to Determine Risk Tolerance and Risk Exposure Example00:58
      • 5.24 Techniques to Determine Risk Tolerance and Risk Exposure Example (contd.)00:46
      • 5.25 Risk Management Roles and Responsibilities00:45
      • 5.26 Levels of Uncertainty00:55
      • 5.27 Levels of Risk Tolerance
      • 5.28 Quiz
      • 5.29 Summary00:48
      • 5.30 Conclusion00:07
    • Lesson 06 - PMI-RMP® Identify Risks 30:43
      • 6.1 Identify Risks00:26
      • 6.2 Objectives00:25
      • 6.3 Purposes of Identify Risks Process01:06
      • 6.4 Objectives of Identify Risks Process00:18
      • 6.5 Critical Success Factors
      • 6.6 Inputs, Tools and Techniques, and Output01:18
      • 6.7 Inputs01:46
      • 6.8 Inputs (contd.)02:02
      • 6.9 Tools and Techniques
      • 6.10 Assumption Analysis and Documentation Reviews—Example00:54
      • 6.11 Assumption Analysis and Documentation Reviews Example (contd.)00:42
      • 6.12 Tools and Techniques Categories
      • 6.13 Tools and Techniques Facts01:00
      • 6.14 Other Tools and Techniques00:37
      • 6.15 Interview with SMEs00:31
      • 6.16 Interview with Experts Process00:36
      • 6.17 Brainstorming Technique 00:36
      • 6.18 Brainstorming Process00:27
      • 6.19 Delphi Technique00:39
      • 6.20 Delphi Technique Process00:40
      • 6.21 Nominal Group Technique00:31
      • 6.22 Nominal Group Technique Process00:54
      • 6.23 Crawford Slip Technique00:31
      • 6.24 Crawford Slip Process00:49
      • 6.25 Analogy Technique00:18
      • 6.26 Analogy—Process00:42
      • 6.27 Checklists, Surveys, and Templates00:39
      • 6.28 Assumptions Analysis01:03
      • 6.29 Checklist Analysis00:29
      • 6.30 SWOT Analysis01:17
      • 6.31 Cause-and-Effect Diagram01:04
      • 6.32 Root Cause Analysis Example00:56
      • 6.33 Root Cause Analysis Example—(contd.)00:51
      • 6.34 Output00:39
      • 6.35 Prompt Lists01:21
      • 6.36 Risk Categories01:12
      • 6.37 Best Practices00:42
      • 6.38 Historical Documentation00:44
      • 6.39 Documenting the Results00:33
      • 6.40 Quiz
      • 6.41 Summary01:17
      • 6.42 Conclusion00:08
    • Lesson 07 - PMI-RMP® Perform Qualitative Risk Analysis 26:29
      • 7.1 Perform Qualitative Risk Analysis00:20
      • 7.2 Objectives00:28
      • 7.3 Purposes and Objectives01:27
      • 7.4 Critical Success Factors
      • 7.5 Use Agreed-Upon Approach01:47
      • 7.6 Use Agreed-Upon Definitions of Risk Terms00:39
      • 7.7 Collect High-Quality Information on Risks00:37
      • 7.8 Perform Iterative Qualitative Risk Analysis00:26
      • 7.9 Inputs, Tools and Techniques, and Outputs00:59
      • 7.10 Inputs01:37
      • 7.11 Tools and Techniques
      • 7.12 Tools and Techniques Characteristics02:23
      • 7.13 Risk Probability and Impact Assessment Example00:50
      • 7.14 Risk Probability and Impact Assessment Example (contd.)00:52
      • 7.15 Root Cause Analysis01:17
      • 7.16 Estimating Techniques00:39
      • 7.17 Historical Documentation01:01
      • 7.18 Analytical Hierarchy Process00:48
      • 7.19 Risk Urgency Assessment00:38
      • 7.20 Perform Qualitative Risk Analysis Process00:38
      • 7.21 Select Risk Characteristics00:59
      • 7.22 Collect and Analyze Data00:36
      • 7.23 Prioritize Risks by Probability and Impact on Specific Objectives00:37
      • 7.24 Prioritize Risks by Probability and Impact on Overall Project00:45
      • 7.25 Categorize Risk Causes01:14
      • 7.26 Document the Results01:02
      • 7.27 Perform Qualitative Risk Analysis Process Example00:50
      • 7.28 Perform Qualitative Risk Analysis Process Example (contd.)00:48
      • 7.29 Output01:00
      • 7.30 Quiz
      • 7.31 Summary00:57
      • 7.32 Conclusion00:15
    • Lesson 08 - PMI-RMP® Perform Quantitative Risk Analysis 33:57
      • 8.1 Perform Quantitative Risk Analysis00:27
      • 8.2 Objectives00:29
      • 8.3 Purposes and Objectives00:44
      • 8.4 Implementation of Overall Risk Analysis01:19
      • 8.5 Overall Risk Analysis—Post Implementation01:30
      • 8.6 Qualitative and Quantitative Risk Analysis—High Level Comparison01:15
      • 8.7 Critical Success Factors
      • 8.8 Inputs, Tools and Techniques, and Output00:59
      • 8.9 Inputs01:51
      • 8.10 Tools and Techniques
      • 8.11 Sensitivity Analysis Example00:54
      • 8.12 Sensitivity Analysis Example (contd.)01:09
      • 8.13 Tools and Techniques-Characteristics01:25
      • 8.14 Tools and Techniques-Characteristics (contd.)02:59
      • 8.15 Basic Principles of Probability01:54
      • 8.16 Basic Principles of Probability (contd.)00:52
      • 8.17 Historical Documentation01:04
      • 8.18 Fault Tree Analysis00:32
      • 8.19 System Dynamics01:08
      • 8.20 EMV Analysis01:06
      • 8.21 Decision Tree Analysis01:46
      • 8.22 Monte Carlo Analysis00:53
      • 8.23 Monte Carlo Software for Risk Modeling—Example00:53
      • 8.24 Monte Carlo Software for Risk Modeling Example (contd.)00:41
      • 8.25 Probability Distribution01:10
      • 8.26 Project Risk Ranking01:16
      • 8.27 Steps to Perform Quantitative Risk Analysis01:15
      • 8.28 Perform Quantitative Risk Analysis Output00:31
      • 8.29 Components of Quantitative Risk Analysis Update01:51
      • 8.30 Documenting the Results00:53
      • 8.31 Quiz
      • 8.32 Summary01:00
      • 8.33 Conclusion00:11
    • Lesson 09 - PMI-RMP® Plan Risk Responses 30:40
      • 9.1 Plan Risk Responses00:51
      • 9.2 Objectives00:29
      • 9.3 Purposes and Objectives00:42
      • 9.4 Activities and Roles00:48
      • 9.5 Activities and Roles (contd.)00:41
      • 9.6 Interfaces00:38
      • 9.7 Critical Success Factors
      • 9.8 Inputs, Tools and Techniques, and Outputs00:37
      • 9.9 Inputs00:48
      • 9.10 Updating the risk register Example00:45
      • 9.11 Updating the risk register Example (contd.)00:54
      • 9.12 Tools and Techniques
      • 9.13 Strategies for Threats01:34
      • 9.14 Accepting a Threat Example00:46
      • 9.15 Strategies for Opportunities02:13
      • 9.16 Exploit Strategy Example00:50
      • 9.17 Exploit Strategy Example—(contd.)00:53
      • 9.18 Tools and Techniques-Categories00:51
      • 9.19 Steps Involved in Planning Risk Responses Process01:02
      • 9.20 Applying Risk Response Strategies to Overall Project Risk00:38
      • 9.21 Response Identification00:31
      • 9.22 Response Selection00:30
      • 9.23 Risk Addressing00:46
      • 9.24 Outputs00:45
      • 9.25 Contingency Plan00:30
      • 9.26 Risk Tolerance00:19
      • 9.27 Business Continuity Plan00:37
      • 9.28 Contingency Reserves00:25
      • 9.29 Critical Chain Project Management00:46
      • 9.30 Force Field Analysis01:07
      • 9.31 Industry Knowledge base00:40
      • 9.32 Interviews00:47
      • 9.33 Multi-criterion Selection Techniques00:31
      • 9.34 Historical Documentation00:56
      • 9.35 Quantitative Risk Analysis00:36
      • 9.36 Root Cause Analysis00:44
      • 9.37 Scenario Analysis00:27
      • 9.38 Scenario Analysis-Example00:44
      • 9.39 Scenario Analysis-Example (contd.)00:37
      • 9.40 Residual Risks00:19
      • 9.41 Creating a Risk Response Plan-Guidelines01:07
      • 9.42 Documenting the Results
      • 9.43 Quiz
      • 9.44 Summary00:46
      • 9.45 Conclusion00:10
    • Lesson 10 - PMI-RMP® Control Risks 21:07
      • 10.1 Control Risks00:46
      • 10.2 Objectives00:29
      • 10.3 Purposes and Objectives00:58
      • 10.4 Purposes and Objectives (contd.)02:04
      • 10.5 Critical Success Factors
      • 10.6 Inputs, Tools and Techniques, and Outputs00:49
      • 10.7 Inputs01:38
      • 10.8 Tools and Techniques
      • 10.9 Others Tools and Techniques
      • 10.10 Outputs01:54
      • 10.11 Risk Audits00:26
      • 10.12 Risk Reassessment00:20
      • 10.13 Risk Audit Guidelines00:55
      • 10.14 Risk Audits Example00:54
      • 10.15 Risk Audits Example (contd.)00:46
      • 10.16 Trend Analysis00:38
      • 10.17 Variance Analysis00:30
      • 10.18 Variance and Trend Analysis Example01:02
      • 10.19 Variance and Trend Analysis Example (contd.)00:51
      • 10.20 Technical Performance Measurement00:23
      • 10.21 Critical Chain Project Management00:45
      • 10.22 Reserve Analysis00:48
      • 10.23 Status Meetings00:49
      • 10.24 Evaluating Project Risks and Risk Status00:26
      • 10.25 Historical Documentation01:03
      • 10.26 Documenting the Results00:42
      • 10.27 Quiz
      • 10.28 Summary01:01
      • 10.29 Conclusion00:10
    • Tips and Tricks 23:29
      • Tips and Tricks 01 Introduction03:23
      • Tips and Tricks 02 Examination Questions Overview02:02
      • Tips and Tricks 03 Plan Risk Management Process01:08
      • Tips and Tricks 04 Identify Risks Process01:18
      • Tips and Tricks 05 Perform Qualitative Analysis01:34
      • Tips and Tricks 06 Perform Quantitative Analysis02:08
      • Tips and Tricks 07 Plan Risk Responses01:30
      • Tips and Tricks 08 Control Risks Process01:24
      • Tips and Tricks 09 EMV and Decision Trees01:27
      • Tips and Tricks 10 Importance of Risks and Risk Register02:04
      • Tips and Tricks 11 Examination Strategy05:31
    • Final Words 05:29
      • Final Words05:29
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Exam & certification FREE PRACTICE TEST

  • How do you become an RMP® Certified Professional?

    Aspirants can get PMI-RMP® certified by following the below processes:
    • Step 1: Visit www.pmi.org after completing the training
    • Step 2: Register for PMI-RMP® exam
    • Step 3: Submit payment for PMI-RMP® credential
    • Step 4: Submit audit materials and supporting documents within 90 days
    • Step 5: Take the exam at a Prometric Testing Center and get certified

    For detailed information on the application filing process, please refer the link: PMI - RMP® Credential Handbook

    Disclaimer:
    PMI, PMBOK, PMP, PgMP, CAPM, PMI-RMP, PMI-ACP are registered trademarks of the Project Management Institute, Inc.

  • What are the prerequisites for the certification?

    The PMI–RMP® course requires:
    A minimum 4500 hours of professional project risk management experience within the last 5 years and 40 hours of project risk management education, if you hold a High school diploma or equivalent.
    Or
    3000 hours of professional project risk management experience within the last 5 years along with 30 hours of project management education, if you hold a Bachelor’s degree or above.

Reviews

The workshop was good and perfect to understand. I liked the material very much.

The workshop and the LVC method were good.

I felt the content was well apportioned, poignant and relevant to both the discipline and the test. Often, these types of courses only focus on how to pass tests without necessarily providing constructive information for practical applications. I find that this time, Simplilearn got it right. This is the third course which I have taken from Simplilearn and I can tell you that three years ago, the only reason I picked this company was cost. Now, Simplilearn has transitioned to being the right value for me. Good content, excellent LMS, great value and a reliable system. Job well done. Regards, David G.

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The workshop was descent and got many insights to attend the exam.

It was a great experience learning at Simplilearn. After thoroughly reviewing all the related courses on the internet I decided to enroll for RMP certification at Simplilearn. The support provided is excellent and prompt. The faculty is highly experienced. I have gained enough knowledge and confidence from this course. When you think of certifications think of Simplilearn.

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Simplilearn is not just an online teaching website. It provides an excellent opportunity for the people to upgrade in all aspects.

I had enrolled for the PMI_RMP program after much research to enroll for online classes with Simplilearn. Currently, except Simplilearn there is no other institute where you can enroll & get 30 PDU's which is a mandatory requirement for getting the PMI_RMP certification. Before this, I had never tried online classes and to my surprise, it's just great. There are two things about Simplilearn which deserve special mention: 1. Course content - It is excellent & the online PMI book was really helpful 2. Support - Any time you have any concern/question, they are just there to help you. I would recommend this program for people planning for PMI_RMP certification.

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This was my first online course training and I really enjoyed doing the course. The course materials were really good and the trainer’s way of interaction was amazing. The customer support people were always there to help with the immediate response. I am planning for another course with Simplilearn.

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I found it to be nicely detailed covering all sides of RMP. I was able to find answers to all my questions. The most important things in addition to the lessons are the exercises at the end of each lesson

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I found it very useful and I recommend it for anyone working in the management field

This was an excellent course presented in a very helpful and logical manner. The course content was right to the point and priced very competitively. The course worked extremely well over the Internet with no glitches. The Simplilearn staff were extremely helpful. I have no reservations in recommending it to my colleagues. I will most certainly use Simplilearn in future.

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This valuable training course give me thorough knowledge on all risk management concepts that I needed of to easily pass the RMP Exam. All tips were clear and really helpful.

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Very helpful & valuable course, i am strongly recommend it to be taken through Simplilearn

Course advisor

Tim Jerome
Tim Jerome Project Management Expert and Evangelist

Tim Jerome is an international project management expert with over 15 years of experience at companies like Intel and Digital Network Services. A former president of the PMI Rio Grande Chapter, Tim is also a PMP instructor with over 10 years of experience in addition to his extensive project management consulting experience.

FAQs

  • How do I enroll for the online training?

    You can enroll for the online training through our website. You can make online payment using any of the following options:
    • Visa debit/credit card
    • American Express and Diners Club cards
    • Master Card
    • PayPal
    Once the online payment is done, you will automatically receive payment receipt, via email.

  • What will I get along with this training?

    In this training, you will have access to online e-learning and practice tests.

  • Can I cancel my enrollment? Do I get a refund?

    Yes! You can cancel your enrollment. We will provide you complete refund after deducting the administration fee. To know more, please go through our Refund Policy.

  • Can I extend the access period?

    Yes, you can extend the access period by paying an additional fee. Please raise a request via our Help and Support portal.

  • Where and how can I access the e-learning content? Are there any limitations?

    Once you register with us for a course by paying the course fee, you can have 24/7 access to the e-learning content on our website. An automated course purchase confirmation mail from our side will guide you through the process.

  • I am not able to access the online course. Whom should I contact for a solution?

    Please raise a request via our Help and Support portal to have your issue resolved.

  • Does the course fee include the examination fee as well?

    No! Exam fee is not included in this course. However, with course fee, you can earn PDUs required to appear for PMI-RMP® certification exam.

  • I want to know more about the training program. Whom do I contact?

    Please join our Live Chat for instant support, call us, or Request a Call Back to have your query resolved.

  • What do I need to do to unlock my Simplilearn certificate?

    • Complete 85% of the course.
    • Complete 1 simulation test with a minimum score of 60%.

  • Who are our Faculties and how are they selected?

    All our trainers are working professionals and industry experts with at least 10-12 years of relevant teaching experience.

    Each of them have gone through a rigorous selection process which includes profile screening, technical evaluation, and training demo before they are certified to train for us.  

    We also ensure that only those trainers with a high alumni rating continue to train for us.

  • What is Global Teaching Assistance?

    Our teaching assistants are here to help you get certified in your first attempt.

    They are a dedicated team of subject matter experts to help you at every step and enrich your learning experience from class onboarding to project mentoring and job assistance.

    They engage with the students proactively to ensure the course path is followed.

    Teaching Assistance is available during business hours.

  • What is covered under the 24/7 Support promise?

    We offer 24/7 support through email, chat, and calls.  

    We also have a dedicated team that provides on demand assistance through our community forum. What’s more, you will have lifetime access to the community forum, even after completion of your course with us.

  • Disclaimer
  • PMP, PMI, PMBOK, CAPM, PgMP, PfMP, ACP, PBA, RMP, SP, and OPM3 are registered marks of the Project Management Institute, Inc.