Risk Management Professional Course (12 PDUs, PMI RMP

Welcome to the Comprehensive Project Risk Management Course.

Unlock the secrets of successful project delivery with this Project Risk Management course, meticulously crafted from years of hands-on experience managing projects for industry giants like Oracle, Magna, SAP, Gazprom

This Risk Management course is made based on my extensive experience in major global corporations like Oracle, Magna, SAP, Gazprom

This Project Risk Management course covers standard Project Risk Management methodology as defined by PMI standard for Risk Management. It is however, designed to be practical as well as theoretical. So it follows logical flow of Project Risk Management during the project delivery. Upon successful finish of this course you will earn

Significant part of this Project Risk Management course is focused on strategic Project Risk Management. This type of Project Risk Management, based on my experience, is done exclusively in big, multinational corporations, with Global PMO in place and even with a Risk Management Office (Oracle,SAP, Accenture and IBM...)

You will learn how to manage Project risks, how to define project complexity level and project exposure to risk. You will gain a deep understanding of these concepts and how and why it is used in major global corporations. As course progresses, you will learn about contracting and importance of your engagement as a Project Manager during the contract negotiations. Knowing and understanding contracting is highly beneficial knowledge to have a Project Manager as it is a major differentiator between average and top class project manager.

You will then learn how to conduct negotiations as a Project Manager and how to secure project success and minimize project risk exposure using proven negotiation tactics and strategies. You will be able to negotiate towards avoidance of major red flags and possible pitfalls before the project even start. You will be confident and competent negotiator because you will know exactly what you need, what is important and how to influence decision makers to accept your approach and strategy for project delivery.

After you finish this Project Risk Management training your overview on the projects will change and shift towards more strategic oversight and planning. You will be able to see the bigger picture, look further in future to anticipate and prevent risks that could impact project success. With your insights and viewpoints, you will definitely bring immediate value to the organization you work in. You will be able to manage several projects at the same time with less stress as you will define project risks upfront and make optimal decision on how to deal with them. You will be able to manage multiple partnership/vendors/subcontractors as well.

You will be better in project negotiations as you will know what you need to negotiate in order to secure project success. You will have a deeper understanding of needs and wants from Key Stakeholders on your projects and how to influence them in making decisions that will support success for your project. You will be able to provide support to your less experienced fellow project managers. And many more improvements, even in your private life, as you will manage your life goals in a much better way.

This Project Risk Management course will set you apart from the average project manager and the correct use of the tools and techniques learned here will make you a highly valuable employee in your organization and increase your chance of career advancement.

And some time after the training, when you deliver several projects with the knowledge you gained in this training, you will most probably move on to either projects with high strategic value as you will be recognized as “the one who delivers”, or you will move on to the higher project management positions. You can plan career move to Business Development, Portfolio Management, PMO or Solution Delivery Management Field.

This Project Risk Management course is intended for Project Managers with some experience in managing projects, but it is not mandatory as I explain all of the concepts in detail. However, basic knowledge of project management theory is highly desired. I use concepts like WBS, Network diagram, Schedule without detailed explanation what they are.

Key Highlights:

Practical & Theoretical Approach: Our course seamlessly blends theory with real-world practicality, following the logical flow of Project Risk Management throughout project delivery.
PMI Certification Ready: Successfully complete the course and earn
Strategic Focus: Delve into the strategic aspects of Project Risk Management, a crucial skill employed exclusively by major multinational corporations with Global PMOs and dedicated Risk Management Offices.

What You'll Gain:

Risk Management Mastery: Learn to manage project risks, assess project complexity, and understand project exposure to risk.
Contracting Expertise: Acquire valuable knowledge on contracting and enhance your engagement as a Project Manager during negotiations.
Negotiation Skills: Develop the art of negotiation, securing project success, and minimizing risk exposure using proven tactics and strategies.
Strategic Oversight: Shift your perspective towards strategic oversight and planning, anticipating and preventing risks that could impact project success.

Career Advancements Await:

Immediate Value Addition: Bring immediate value to your organization with insights and viewpoints gained from strategic Project Risk Management.
Enhanced Project Management Skills: Manage multiple projects, partnerships, vendors, and subcontractors with confidence and efficiency.
Negotiation Mastery: Negotiate with confidence, understanding the needs and wants of key stakeholders for successful project outcomes.

Your Journey Towards Excellence:

For Experienced Project Managers: Perfect for seasoned Project Managers looking to elevate their skills, though basic project management knowledge is beneficial.
Career Growth: Stand out from the crowd and position yourself for career advancement in Business Development, Portfolio Management, PMO, or Solution Delivery Management.

Unlock new possibilities in project management. Enroll to my Project Risk Management course and set yourself for success in the Project Management career.

What's inside

Learning objectives

Define project delivery strategy for successful achievement of project goals
Define optimal contract type for your project specific demands
Learn how to conduct lessons learned and drive continuous organization and self improvement
Identify risks so that no stone is left unturned

Know how to negotiate project contract to secure project success
Be on top of every problem, challenge and issue during the project delivery
Be the most relaxed and calm person on the project :) while you deliver success time and time again
Build confidence in your team and deliver the project as a true leader

Define project delivery strategy for successful achievement of project goals
Define optimal contract type for your project specific demands
Learn how to conduct lessons learned and drive continuous organization and self improvement
Identify risks so that no stone is left unturned
Know how to negotiate project contract to secure project success
Be on top of every problem, challenge and issue during the project delivery
Be the most relaxed and calm person on the project :) while you deliver success time and time again
Build confidence in your team and deliver the project as a true leader

Syllabus

Introduction

Introduction and Target Audience

PMI - RMP: Certification Information, Requirements and Test Structure

Get the most from the course

Based on Lessons Learned define for each of the projects described, why do you think they failed.

Based on the description, define the contract type that best suits the needs of the project.

This is assignment in form of a quiz. You have all the details as well in the exercise book. Please answer the questions to determine the risk levels for each question. Mark the answers in your exercise book for future reference.

This is assignment in form of a quiz. You have all the details as well in the exercise book. Please answer the questions to determine the Complexity level for each question. Mark the answers in your exercise book for future reference.

The purpose of this quiz is for you to understand how to lower project complexity level.

Based on the previous quiz where you have defined items with high complexity level, your task is to define the best approach to lowering the complexity level of the project.

Lets go!

Traffic lights

Read about what's good

what should give you pause

and possible dealbreakers

Covers strategic project risk management, which is often used in large multinational corporations with global PMOs, offering insights into advanced practices

Explores contract negotiation tactics and strategies, which are beneficial for project managers to secure project success and minimize risk exposure

Includes a use case project with detailed components like a charter, scope, WBS, network diagram, and cost breakdown, providing practical application of concepts

Requires basic knowledge of project management theory, including concepts like WBS, network diagrams, and schedules, which may be a barrier for beginners

Teaches risk identification tools, including SWOT analysis, assumptions analysis, and root cause analysis, which are valuable for comprehensive risk assessment

Includes quizzes and assignments related to project risk exposure and complexity, requiring learners to actively apply the concepts taught in the course

Reviews summary

Practical project risk management course

According to learners, this course offers a practical and valuable deep dive into project risk management. Many students praise the instructor's extensive real-world experience, finding the content grounded in practical application rather than just theory. The course is described as well-structured, providing a clear understanding of the risk management process and relevant tools. Students appreciate how it helps them identify and manage risks more effectively, often citing its relevance for PMI certifications like RMP and PMP (for PDUs). While beneficial for those with some project management background, some suggest basic PM knowledge is helpful to get the most out of it. Overall, it's seen as a highly beneficial investment for project professionals looking to enhance their risk management skills and confidence.

Assumes some familiarity with PM basics.

"While concepts are explained, having basic PM knowledge (WBS, Schedule) is definitely beneficial."

"Beginners without any PM background might find some initial parts challenging."

"It's geared more towards those with some project experience, which helps grasp the context."

"The course builds on foundational PM concepts, so be aware if you're completely new."

Helps with RMP/PMP preparation and PDUs.

"This course provided excellent preparation for the PMI-RMP exam."

"Great resource for earning PDUs towards my PMP certification."

"The content aligns well with PMI standards for risk management."

"It's a valuable addition to my certification journey."

Well-organized content and logical flow.

"The course is very well-structured and easy to follow, building knowledge step by step."

"Concepts are explained clearly, making complex topics accessible."

"The logical flow of the risk management process is presented in an understandable way."

"I appreciated how the modules progressed naturally, reinforcing previous lessons."

Instructor shares valuable industry insights.

"The instructor's real-world experience shines through, making the lessons very credible and useful."

"Hearing about the instructor's time at major companies added significant value and context."

"His insights from years in the field are priceless; they go beyond textbooks."

"The examples shared from practical experience really resonated with me."

Focuses on applying concepts to real projects.

"The practical application aspect of the course is exactly what I needed, not just theory."

"I can immediately apply these techniques to my projects. Very hands-on approach."

"It really grounds the concepts in real-world scenarios, thanks to the instructor's experience."

"The examples and case studies make the risk management process easy to implement in my own work."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Risk Management Professional Course (12 PDUs, PMI RMP - PMP) with these activities:

Review Project Management Fundamentals

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Solidify your understanding of core project management concepts to better grasp risk management principles.

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Review the PMBOK guide's introductory chapters.
Complete a practice quiz on project management basics.
Summarize key project management processes.

Review 'A Guide to the Project Management Body of Knowledge (PMBOK Guide)'

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Familiarize yourself with the PMBOK Guide to gain a solid foundation in project management principles and terminology.

View Risk Management in Portfolios, Programs, and... on Amazon

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Read the sections on risk management processes.
Take notes on key definitions and concepts.
Relate the concepts to your own project experiences.

Develop a Risk Management Plan for a Hypothetical Project

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Apply the risk management concepts learned in the course by creating a detailed plan for a simulated project.

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Define the project scope and objectives.
Identify potential risks using brainstorming techniques.
Assess the probability and impact of each risk.
Develop mitigation strategies for high-priority risks.
Document the plan in a risk management register.

Four other activities

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Create a Presentation on Risk Response Strategies

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Reinforce your understanding of risk response strategies by creating a presentation that explains different approaches.

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Research different risk response strategies.
Create slides explaining each strategy with examples.
Practice delivering the presentation.

Practice Risk Assessment Scenarios

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Sharpen your risk assessment skills by working through various hypothetical project scenarios.

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Find or create sample project scenarios.
Identify potential risks in each scenario.
Assess the probability and impact of each risk.
Propose appropriate risk response strategies.

Review 'Waltzing With Bears: Managing Risk on Software Projects'

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Explore advanced risk management techniques specific to software projects to broaden your understanding.

View Waltzing with Bears: Managing Risk on Software... on Amazon

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Read chapters on risk identification and mitigation.
Note down key strategies and techniques.
Consider how these apply to your projects.

Mentor Junior Project Managers on Risk Management

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Solidify your knowledge by guiding others in applying risk management principles to their projects.

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Offer guidance on risk identification and assessment.
Review their risk management plans and provide feedback.
Share your experiences and lessons learned.

Career center

Learners who complete Risk Management Professional Course (12 PDUs, PMI RMP - PMP) will develop knowledge and skills that may be useful to these careers:

Risk Manager

A risk manager identifies and assesses potential risks to an organization and develops strategies to mitigate them. This course is directly relevant as it provides a comprehensive overview of project risk management, including risk identification, assessment, and response planning. Risk managers can use the course to deepen their understanding of risk management methodologies, particularly those used in large multinational corporations. The course's emphasis on strategic risk management and its coverage of tools like SWOT analysis and root cause analysis are helpful for improving the processes for risk evaluation and mitigation. It may also improve capabilities in handling project complexity and risk exposure.

See salaries and explore the career path for Risk Manager

Contract Manager

A contract manager oversees the creation, negotiation, and execution of contracts. This course directly benefits contract managers by providing a thorough understanding of contract types and negotiation tactics. The course's emphasis on defining optimal contract types and understanding the importance of project manager involvement during contract negotiations can significantly improve a contract manager's effectiveness. Knowing how to secure project success and minimize risk exposure through contract terms, as covered in the course, is crucial for this role.

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Project Manager

A project manager is responsible for planning, executing, and closing projects. This course helps project managers enhance their skills in risk management. By understanding risk identification, qualitative and quantitative risk analysis, and risk response planning, project managers can better anticipate and mitigate potential issues. The course's focus on strategic risk management, as practiced in major corporations, provides project managers with advanced techniques to manage complex projects successfully. The content on contract types, negotiation strategies, and stakeholder influence can further improve a project manager's ability to secure project success.

See salaries and explore the career path for Project Manager

Project Management Office Director

A Project Management Office Director is in charge of establishing and maintaining project management standards and practices across an organization. This course is directly applicable as it delves into the PMI standard for Risk Management and offers practical insights into implementing strategic project risk management. The course's emphasis on defining project complexity and risk exposure, coupled with techniques for managing contracts and negotiations, are valuable skills for a PMO director. The course will provide PMO directors with tools and knowledge to improve project outcomes.

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Project Consultant

A project consultant provides expert advice and guidance to organizations on project management practices. This course helps project consultants offer informed recommendations on risk management strategies. By mastering the techniques for risk identification, assessment, and response planning, consultants can better advise clients on how to mitigate project risks. The course's detailed exploration of strategic project risk management, contract negotiation, and stakeholder influence can be valuable assets for consultants aiming to improve project outcomes for their clients.

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Program Manager

A program manager oversees multiple related projects to achieve strategic goals. This course helps program managers improve their ability to manage project risks across an entire program. The course content facilitates the definition of project complexity levels and project exposure to risk, enabling program managers to make informed decisions about resource allocation and risk mitigation strategies. The material on strategic project risk management, contract negotiation, and stakeholder influence may be useful for program managers working in large organizations.

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Solution Architect

A solution architect designs and oversees the implementation of technology solutions to meet business needs. This course can help solution architects assess and mitigate risks associated with project implementation. Understanding how to define project complexity levels and project exposure to risk enables solution architects to develop robust plans. The course's content on contract types and negotiation strategies can aid in securing favorable terms with vendors and subcontractors. The coverage of strategic project risk management ensures that solution architects can align technical solutions with business objectives.

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Portfolio Manager

A portfolio manager is responsible for managing a collection of projects or programs to achieve an organization's strategic objectives. This course may be helpful in enhancing a portfolio manager's understanding of project risk management, which is key for making decisions about project selection and prioritization. The course provides insights into how to define project complexity level and project exposure to risk, which can inform portfolio-level risk assessments. The focus on strategic project risk management, as implemented in major corporations with Global PMOs, will be useful for portfolio managers working in complex organizational environments.

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Business Development Manager

A business development manager identifies and pursues new business opportunities to drive growth. This course may assist business development managers in understanding project risks associated with new ventures and contracts. The course content on contract types, negotiation strategies, and stakeholder influence can be directly applied to securing favorable terms in business deals. The course's exploration of strategic project risk management provides a framework for assessing and mitigating risks in new business initiatives. Better approaches to evaluating risk exposure may also be useful.

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Business Analyst

A business analyst identifies business needs and translates them into actionable requirements for projects. This course may be useful to business analysts by enhancing their understanding of project risks and how they impact requirements gathering and prioritization. Learning how to assess project complexity and risk exposure can assist business analysts in refining project requirements to mitigate potential issues. The course's insights into stakeholder influence and strategic project risk management may contribute to better alignment between business needs and project outcomes.

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Project Coordinator

A project coordinator supports project managers by assisting with administrative tasks, tracking project progress, and facilitating communication. This course may help project coordinators develop a broader understanding of project risk management principles. By learning about risk identification, assessment, and response planning, project coordinators can better support project managers in mitigating potential issues. The course's overview of contract types and negotiation strategies can provide valuable context for project coordinators involved in contract administration.

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Compliance Officer

A compliance officer ensures that an organization adheres to relevant laws, regulations, and internal policies. This course can help compliance officers understand how project risk management aligns with organizational compliance efforts. By learning about risk identification, assessment, and mitigation strategies, compliance officers can better assess the compliance risks associated with projects. The course's discussion of contract types and negotiation strategies can be useful for ensuring that project contracts comply with relevant regulations.

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Quality Assurance Manager

A quality assurance manager ensures that products or services meet certain standards of quality. This course may be useful in helping quality assurance managers understand how project risk management can impact product or service quality. By learning about risk identification, assessment, and mitigation strategies, quality assurance managers can better identify and address potential quality issues that may arise during a project. The course's focus on strategic project management may lead to improvement of quality.

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Operations Manager

An operations manager oversees the day-to-day activities of an organization to ensure efficiency and effectiveness. This course may be useful in helping operations managers understand how project risk management impacts operational efficiency. By learning about risk identification, assessment, and mitigation strategies, operations managers can better anticipate and address potential disruptions to operations caused by projects. The course's insights into strategic project risk management may provide a framework for aligning project goals.

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Internal Auditor

An internal auditor evaluates an organization's internal controls and risk management processes. This course may be useful for internal auditors seeking to enhance their understanding of project risk management. By learning about risk identification, assessment, and mitigation strategies, internal auditors can better assess the effectiveness of project risk management controls. The course's focus on strategic project risk management and its coverage of risk management methodologies may provide a framework for conducting project risk audits.

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Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Risk Management Professional Course (12 PDUs, PMI RMP - PMP).

Risk Management in Portfolios, Programs, and...

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The PMBOK Guide is the definitive resource for project management standards and practices. It provides a comprehensive framework for managing projects effectively. is essential for understanding the terminology, processes, and knowledge areas discussed in the course. It serves as a useful reference tool for project managers.

Risk Management in Portfolios, Programs, and...

Paperback

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Risk Management in Portfolios, Programs, and...

Kindle Edition

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Waltzing with Bears

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Provides practical advice on managing risks in software projects. It offers insights into identifying, assessing, and mitigating risks specific to software development. While focused on software, the principles are applicable to broader project risk management. This book adds more depth to the course by providing real-world examples and case studies.

Waltzing with Bears: Managing Risk on Software...

Kindle Edition

Risk Management Professional Course (12 PDUs, PMI RMP - PMP)

What's inside

Learning objectives

Syllabus

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Reviews summary

Practical project risk management course

Activities

Career center

Reading list

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