Practice Standard for Project Risk Management Training Course Event, 19.May.2025

Practice Standard for Project Risk Management Training Course Overview:

Welcome to the "Practice Standard for Project Risk Management Training Course," an intensive program designed by PMI experts. This course dives deep into risk management processes and is endorsed by the Project Management Institute (PMI). This comprehensive PMI training course not only covers the 5 major processes of project management but also explores PMI RMP guidelines. Learn how to leverage project management tools, implement effective project governance, and understand the enterprise environmental factors (EEF) affecting your projects. Equip yourself with the knowledge and tools required to become a Project Management Professional (PMP).

Target Audience:

• Project Managers
• Risk Management Professionals-
• PMI RMP Aspirants-
• PMP Certificate Holders

Targeted Organizational Departments:

• Project Management Office (PMO)
• Risk Management Departments
• Quality Assurance Teams

Targeted Industries:

• Construction
• IT Services
• Healthcare
• Government

Course Offerings:

1. In-depth understanding of PMI process groups
2. Hands-on project risk management plan exercises
3. Governance in project management
4. Tools for Effective Management

Training Methodology:

This course uses a blend of methodologies including lectures from Project Management Professionals, case studies based on real-world projects, interactive group activities, and reflection & review sessions. The course employs project management tools and templates that aid in risk assessment and governance in project management.

Course Toolbox:

• PMI RMP Study Guide
• PMI Approved Templates
• Process Group Checklists

Course Agenda:

Day 1: Introduction to Project Risk Management

• Topic 1: Welcome & Overview
• Topic 2: Purpose of the Practice Standard for Project Risk Management
• Topic 3: Project Risk Management Definition
• Topic 4: Role of Project Risk Management in Project Management
• Topic 5: Good Risk Management Practice
• Reflection & Review: Summary of the importance and role of Project Risk Management

Day 2: Fundamentals and Principles

Topic 1: Recap of Day 1
Topic 2: Critical Success Factors for Project Risk Management
Topic 3: Introduction to Principles and Concepts
Topic 4: Definition of Project Risk
Topic 5: Individual Risks and Overall Project Risk
Reflection & Review: Discussion of Key Principles in Risk Management

Day 3: Risk Identification and Stakeholder Management

Topic 1: Recap of Day 2
Topic 2: Stakeholder Risk Attitudes
Topic 3: Iterative Process in Risk Management
Topic 4: Responsibility for Project Risk Management
Topic 5: Project Manager's Role for Project Risk Management
Reflection & Review: The Stakeholder's Role in Risk Management

Day 4: Risk Analysis and Response Planning

Topic 1: Recap of Day 3
Topic 2: Perform Qualitative Risk Analysis
Topic 3: Perform Quantitative Risk Analysis
Topic 4: Plan Risk Responses
Topic 5: Critical Success Factors for the Plan Risk Responses Process
Reflection & Review: Techniques for Effective Risk Analysis and Response Planning

Day 5: Monitoring, Control, and Review

Topic 1: Recap of Day 4
Topic 2: Monitor and Control Risks
Topic 3: Integrate Risk Monitoring and Control with Project Monitoring and Control
Topic 4: Continuously Monitor Risk Trigger Conditions
Topic 5: Maintain Risk Awareness
Reflection & Review: Final Review and Closing Remarks

How This Course is Different from Other Project Risk Management Training Courses:

What sets this course apart is the multidisciplinary approach that encapsulates everything from PMI guidelines to Effective Management. This is not just a Project Management Course but a well-rounded PMI Training Course that offers actionable insights into project governance, organizational structures, and politics and power in the realm of project management.