Name: Risk Management Professional (PMI-RMP) Training Course
Rating: 4.7 (1076 reviews)

Scheduled Dates

Classroom

04 - 08 May 2026

London - UK

$5,950

08 - 12 Jun 2026

Dubai - UAE

$5,950

10 - 14 Aug 2026

Istanbul - Turkey

$5,950

31 Aug - 04 Sep 2026

Dubai - UAE

$5,950

05 - 09 Oct 2026

London - UK

$5,950

23 - 27 Nov 2026

Dubai - UAE

$5,950

25 - 29 Jan 2027

Milan - Italy

$5,950

25 - 29 Jan 2027

Dubai - UAE

$5,950

03 - 07 May 2027

London - UK

$5,950

07 - 11 Jun 2027

Dubai - UAE

$5,950

09 - 13 Aug 2027

Istanbul - Turkey

$5,950

30 Aug - 03 Sep 2027

Dubai - UAE

$5,950

04 - 08 Oct 2027

London - UK

$5,950

22 - 26 Nov 2027

Dubai - UAE

$5,950

Online

08 - 12 Jun 2026

Online

$4,950

23 - 27 Nov 2026

Online

$4,950

07 - 11 Jun 2027

Online

$4,950

22 - 26 Nov 2027

Online

$4,950

Why Choose this Training Course?

Risk management is an integral part of project management. Risks should be identified and managed proactively in projects before they become issues leading to delays, cost overruns or functionality issues. Risks are also present on the program level and portfolio level; unmanaged risks on program level may lead to uncoordinated management of shared resources and issues leading to compromising the benefits delivery expected from the group of projects, while unmanaged risks on portfolio level may lead to missing the alignment with strategic objectives.

This Risk Management Professional (PMI-RMP) training course will provide the concepts, models, methods, and artifacts used to manage risks from creating a risk management strategy to risk closure.

This PetroKnowledge training course will highlight:

Risk Strategy and Planning
Risk Identification
Risk Analysis
Risk Response Planning and Implementation
Risk Monitoring and Closure
Relation between project risk and Enterprise Risk Management (ERM)

What are the Goals?

At the end of this Risk Management Professional (PMI-RMP) training course, you will learn to:

Understand and elaborates upon the core concepts and fundamentals of risk management;
Describes the risk management relations within portfolio, program, and project environments; and ultimately with the Enterprise Risk Management (ERM)
Define and apply the risk management life cycle and related processes;;
Apply risk management concepts, techniques, tools, processes, and good practices while executing a portfolio, program, or project management plan.
Get prepared for the PMI-Risk Management Professional Certification (PMI-RMP)

Who is this Training Course for?

This Risk Management Professional (PMI-RMP) training course is intended for a wide-range of professionals starting from senior managers considering risk management in selecting and authorizing project up to the project teams in the trenches using risk management in planning and executing projects different industries covering ICT projects, business transformation projects, construction and Oil and Gas, projects; including but not limited to:

Senior Managers and Portfolio Governance Board Members
Program Managers, their Teams
Project Managers, their Teams
PMO Directors and Staff
Functional Managers in Engineering, Finance and Procurement
Contract Specialists, Contract Engineers, Planners and Cost Estimators

How will this Training Course be Presented?

This Risk Management Professional (PMI-RMP) training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes:

Training provided via an interactive traditional class-room format
Facilitation by tackling issues faced by participants in managing their project risks
Use of practical local and international case studies to reinforce learning

Organisational Impact

By attending these course, your organization will benefit from:

Reducing the organization’s exposure to risks and its impacts and exploiting the opportunities by applying international best practices
Deliver the target benefits and objectives of your projects, programs and portfolio
Customizing the organizations risk management strategy and risk management methodology according to your needs
Effectively handling the escalated risks from project level to program level or to the organization level based on risk scope and the degree of authority
Saving precious executive time used in handling risks and missed opportunities

Personal Impact

By attending these course, you will benefit from:

Increasing your awareness of negative risks and opportunities
Understanding your roles in risk management planning and executing it as part of the project management plan
Understanding and applying various risk response strategies such as avoidance, mitigation, transfer, acceptance and escalation
Professionalism in drafting contract conditions to mitigate risks and reduce claims
Building a career in risk management by getting an international certificate

Daily Agenda

Day 1: The Foundation and Strategies for Risk Management

Course objectives and introduction
Definitions: uncertainty; risk; and risk attitude, appetite and threshold
Risk management in organizations, portfolio, program and project levels
Assessing overall business environment and its impact on risks
Establish risk management strategy and documenting the risk management plan
Workshop: Sample risk management plan
How to prepare and apply for the PMI-RMP certification exam

Day 2: Risk Identification in Collaboration with Stakeholders

Communicate and engage stakeholders in risk management
Identify stakeholder risk attitude, appetite, and threshold
Identify risks using workshops, focus groups, Delphi and other exercises
Review documents and examine assumptions and constraints
Develop risk register, and assign responsibilities
Workshop: Risk register for the case study project

Day 3: Estimate the Risk Impact on Schedule and Cost

Create the Work Breakdown Structure (WBS)
Define activities and their logical sequence
Develop project schedule and CPM Analysis
Estimate costs: cost types and estimate techniques
Create the integrated performance measurement baseline
Overview of the Earned Value Management (EVM)
Workshop: CPM and EVM workshop

Day 4: Risk Analysis and Risk Response Planning

Perform risk classification based on the risk category
Qualify and prioritize risks based on probability and impact matrix
Perform quantitative risk analysis
Assess overall threats and opportunities and their impact on project objectives
Workshop: Update risk register after qualitative analysis
Workshop: Risk simulation using Monte Carlo technique
Select the appropriate risk responses for threats and opportunities

Day 5: Monitor and Close Risks

Create and implement Risk Action Plans (RAPs)
Risk response quiz
Monitor response implementation
Manage residual and secondary risks
Audit and report overall project risk levels
Overall review and Q/A session
Course Closure

Certificate

On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
On successful completion of this PetroKnowledge training course, Certificate with eligible Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates

Accreditation

In Association With

Visit Website

Visit Website

Visit Website

Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

Related Categories

Project Management Risk Management

Subscribe To Our Newsletter

CERTIFICATES

A PMI Registered Training Course

Risk Management Professional (PMI-RMP)

Dealing Effectively with Portfolio, Program and Project Risks