Risk Management Professional (RMP)

Introduction

Effective risk management is essential for achieving project objectives and safeguarding the interests of all stakeholders. The Risk Management Professional (RMP) training is designed to guide participants through the comprehensive risk management framework, covering fundamental concepts to advanced strategies tailored for senior management. This course aims to develop participants into proficient risk practitioners equipped to make informed decisions that benefit their organizations. Emphasizing the importance of basic risk management principles, creating a risk-oriented culture, addressing human factors, and providing practical tools for risk assessment and monitoring, this training prepares individuals to excel in risk management.

Objectives

Upon successful completion of the RMP Risk Management Professional course, participants will be able to:

• Understand how risk management enhances organizational objectives and decision-making.
• Recognize the integration of risk management with governance, assurance, and sustainability.
• Identify and categorize organizational risks as positive or negative.
• Comprehend the key elements of ISO 31000, including principles and processes of risk management.
• Appreciate the role of organizational culture, communication, and behavior in risk management.
• Evaluate risks and determine appropriate actions and controls using fundamental tools.
• Communicate risks effectively to internal and external stakeholders.
• Develop an understanding of the organization's risk appetite and tolerance levels.

Training Methodology

• Case Studies
• Interactive Workshops
• Group Discussions
• Simulations
• Role Playing
• Expert Panels
• Practice Exams

Course Outline

Unit 1: Introduction to Risk Management Concepts

• Definition and importance of risk and risk management.
• Best practices for managing stakeholder risks.
• Overview of risk management roles and responsibilities.
• Understanding organizational risk attitudes and structures.

Unit 2: Project Definition

• Techniques for stakeholder identification and analysis.
• Understanding stakeholder risk tolerance and attitudes.
• Principles and processes for project definition and management plan formulation.
• Basics of scope, time, cost, and quality control.

Unit 3: Risk Management Planning

• Critical success factors and validation.
• Effective risk identification strategies.
• Risks associated with project resources and activities.
• Tools and techniques for risk planning.

Unit 4: Qualitative and Quantitative Risk Analysis

• Steps and tools for qualitative risk analysis.
• Basic concepts of quantitative and semi-quantitative risk analysis.
• Advanced tools for impact analysis and change management.

Unit 5: Risk Responses and Controlling

• Risk response planning processes and challenges.
• Managing negative and positive risk responses.
• Techniques for measuring results and outcomes.
• Common risk monitoring and controlling techniques.