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PMI^® - RMP^® and
AAPM™ - CPRM^®

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PMP^®, CaPM^®, CIPM™
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PMP-RMP™ AAPM-CPRM^® - Course Outline

Risk Management Planning

Plan approach to risk management.
Determine stakeholders and risk tolerance
Understand roles and responsibilities
Develop and implement a Risk Management Plan
o Risk owner, project manager, team member, executive
Develop risk and opportunity management plan
Developing risk definition scales to consistently rate risks

Risk Identification

Top-down vs Bottom-up identification, classify risk
Tools for risk identification
o Document review, brainstorming, flowcharting, Ishikawa Diagram,
lessons learned, action, research, interviews, and assumptions.
Human factors in identification
How to state a risk for proper analysis: 3 key factors

Qualitative Risk Analysis

Determining true risk impact; what does the risk 'cost'?
Pre and post mitigation risk characteristics
o Role of mitigation and fallback plans, risk window, interactions/depende
Determining probability and impact
o Human factors in assessing risk characteristics

Qualitative Risk Analysis

Assess confidence levels in achieving project objectives
Working with ranges of outcomes: EMV, 3 point estimates
Running and using the results of Monte Carlo simulation
Sensitivity analysis, decision trees, utility

Risk Response Planning

Mitigation strategies: identification and selection
Cost-benefit of risk mitigation/opportunity promotion
Mitigation plans, in-depth review of risk register content

Risk Monitoring and Control

Risk occurrences; risk triggers and initiating fallback plans
Monitoring mitigation and fallback plan status
Re-evaluating existing risks and identifying new ones

PMBOK^®, PMP^®, CaPM^®, PMI^®-RMP^® and The PMI^® R.E.P^® logo are registered marks of the Project Management Institute, Inc.

AAPM™ , IPMC, CIPM™, MPM™, CPRM, logo are registered marks of the American Academy of Project Management.

Autodesk^® is a registered mark of AutoDesk ^®