A Project Management Institute, Inc. (PMI)®Registered Training Course
Risk Management Professional (PMI-RMP)
Dealing Effectively with Portfolio, Program and Project Risks
Course Overview
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 Glomacs 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)
Training Objectives
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 should Attend?
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
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
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
Certificates
- On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Accreditation
GLOMACS is proud to be an Authorized Training Partner (ATP No. 2759) with PMI®. As an ATP, GLOMACS is authorized to issue applicable Professional Development Units (PDUs) and Educational Contact Hours to participants of any of its PMI® approved training courses for PMI® Certification and Re-Certification.
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
Sessions in international locations
Online Sessions
What do you need to learn next?
Check our list of courses or let us customize a course for you.
View courses
