Risk Management Professional (PMI-RMP)® Exam Prep

December 15, 2016

RefineM Training

Risk Management Professional (PMI-RMP)® Exam Prep

Please contact us if you would like to set up a customized training course in your city or at your corporate site.

Duration: 3 days

Description: Are you looking for a certification to show your experience and skills with risk management? Have you heard of the Risk Management Professional (PMI-RMP)® certification but need to put together a study plan to earn the credential? If so, RefineM’s course is for you.

RefineM’s PMI-RMP course covers basic and advanced techniques in project risk management to help you prepare for the PMI-RMP exam. You will learn how to identify and categorize risks, conduct qualitative and quantitative risk analysis, build a risk management plan, and identify proper risk responses. You will leave the course prepared to apply for your PMI-RMP exam and pass on your first attempt.

Course Objectives: After completing the course, you will be able to
  • Prepare for the PMI-RMP® exam and pass on the first attempt.
  • Identify risks and risk responses.
  • Develop a risk management plan for your projects.
  • Perform qualitative and quantitative risk analysis.

Who Should Attend: This course is ideal for project managers and risk management specialists who want to obtain the PMI-RMP certification.

PDUs: 21 PDUs (Business Acumen: 2 Power Skills: 2, Ways of Working: 17)

Course Delivery: Variable

Course Material: RefineM will prepare and provide the necessary training course material for all attendees.

About RefineM's Instructors: RefineM's instructors are experienced and certified in project management and Agile and bring real-world experience to their instruction. Our instructors not only teach concepts, we also provide insights and hands-on experience. And we don’t waste time. Our training is focused and hard-hitting. We offer practical targeted training in just the key topics that will make the most impact.

Contact us about future dates or to arrange for this training to be delivered in your organization or city.

A Model to Develop and Use Risk Contingency Reserve

December 14, 2016

RefineM Training

A Model to Develop and Use Risk Contingency Reserve

Please contact us if you would like to set up a customized training course in your city or at your corporate site.

Duration: 1 day

Description: Are you aware of the benefits of risk contingency reserve but unsure how to start? Do you know what an adequate level of contingency reserve is for your project? If you want answers to such questions about contingency reserve and more, this course is for you. As an attendee, you will take away knowledge of a model to develop risk contingency reserve using Expected Monetary Value that you can use to benefit your projects.

The contingency reserve is a critical part of project risk management. With a contingency reserve, project managers can address risks, communicate the level of risk exposure to stakeholders, and increase the predictability of project outcomes. Using the risk register and Expected Monetary Value (EMV) technique, project managers can easily develop a contingency reserve for their project and begin realizing the benefits of this powerful tool.

This course is an overview of project risk management with emphasis on developing and using the contingency reserve. You will learn more about how contingency reserve fits into the overall risk management process, how to calculate and use the contingency reserve, and how to communicate the contingency reserve to stakeholders to increase organizational participation in risk management. You will leave with a better idea about contingency reserve and the role it plays in keeping the projects on track. You will also walk away with tools and templates to effectively implement contingency reserve for your projects.

Course Objectives: After completing the course, you will be able to
  • Understand how to create a risk contingency reserve using Expected Monetary Value.
  • Communicate risks to stakeholders and team members using the risk contingency reserve.
  • Use risk contingency reserve to improve predictability of your project outcomes.

Who Should Attend: This course is ideal for project managers, PMO leads/directors, and anyone performing risk management on projects in their organizations.

PDUs: 7 PDUs (Business Acumen: 0, Power Skills: 0, Ways of Working: 7)

Course Delivery: Variable

Course Material: RefineM will prepare and provide the necessary training course material for all attendees.

About RefineM's Instructors: RefineM's instructors are experienced and certified in project management and Agile and bring real-world experience to their instruction. Our instructors not only teach concepts, we also provide insights and hands-on experience. And we don’t waste time. Our training is focused and hard-hitting. We offer practical targeted training in just the key topics that will make the most impact.

Contact us about future dates or to arrange for this training to be delivered in your organization or city.

Risk Management For Projects

December 9, 2016

RefineM Training

Risk Management for Projects

Please contact us if you would like to set up a customized training course in your city or at your corporate site.

Duration: 1 to 3 days

Description: Do your projects get derailed often? Do you think such problems could have been avoided or drastically reduced if there had been an explicit early concern with identifying and resolving the high-risk elements in those projects? If yes, then this course is for you.

Project risk management is perhaps the least understood and most effective tool project managers, program managers, or PMOs can employ to increase the odds of project success. When implemented correctly, it not only boosts probability of success, but also alleviates anxiety and improves predictability. Over the last decade, project risk management has become the backbone of organizations which successfully deliver projects, and in the current period it is absolutely essential to the success of a project/program/PMO.

This course on Risk Management covers theoretical as well as practical aspects of risk management methodologies. Examples from real projects will clarify concepts and illustrate the best practices. Attendees will also get an opportunity to participate in a few exercises that will prepare them to implement best practices in their projects.

Course Objectives: After completing the course, you will be able to
  • Define and differentiate between issues and risks, threats and opportunities, and total, residual, and secondary risks.
  • Assess risk tolerances and attitudes of stakeholders.
  • Understand all parts of a risk management plan and develop a risk management plan for your real projects.
  • Analyze and prioritize risks using qualitative and quantitative risk analysis methods.
  • Use risk contingency reserve with Expected Monetary Value (EMV) to improve the predictability of project outcomes.

Who Should Attend: This course is ideal for project/program managers, portfolio managers, PMO leaders, executives, project sponsors, change agents, project team members, business/systems analysts and other project stakeholders.

PDUs: 7 PDUs / Contact Hours per day  (Business Acumen: 0, Power Skills: 2, Ways of Working: 5)

Course Delivery: Variable

Course Material: RefineM will prepare and provide the necessary training course material for all attendees.

About RefineM's Instructors: RefineM's instructors are experienced and certified in project management and Agile and bring real-world experience to their instruction. Our instructors not only teach concepts, we also provide insights and hands-on experience. And we don’t waste time. Our training is focused and hard-hitting. We offer practical targeted training in just the key topics that will make the most impact.

Contact us about future dates or to arrange for this training to be delivered in your organization or city.

Advanced Techniques in Risk Management

December 9, 2016

RefineM Training

Advanced Techniques in Risk Management

Please contact us if you would like to set up a customized training course in your city or at your corporate site.

Duration: 1/2 to 1 day

Description: Is your organization seeking to improve its risk management practices? RefineM’s half-day course is designed to help you improve risk management through advanced techniques honed through experience. Topics include qualitative and quantitative risk analysis techniques, using Expected Monetary Value (EMV) to create a risk contingency reserve, using the risk contingency reserve to improve predictability of project outcomes, and communicating risks to the team and stakeholders. Attendees will leave this course with the knowledge and skills they need to perform risk management more effectively on their projects.

Course Objectives: After completing the course, you will be able to
  • Understand and perform key qualitative and quantitative risk analysis techniques.
  • Develop a risk contingency reserve using Expected Monetary Value (EMV).
  • Improve the predictability of project outcomes using risk contingency reserve.
  • Effectively communicate risks to the team and stakeholders.

Who Should Attend: This course is ideal for project/program managers, PMO leaders, and project team members involved with risk management who have been managing/leading projects and are looking for advanced techniques to strengthen their career.

PDUs: 1 PDU / Contact Hour per hour of instruction (Strategic: 0, Leadership: 0, Technical: 1)

Course Delivery: Variable

Course Material: RefineM will prepare and provide the necessary training course material for all attendees.

About RefineM's Instructors: RefineM's instructors are experienced and certified in project management and Agile and bring real-world experience to their instruction. Our instructors not only teach concepts, we also provide insights and hands-on experience. And we don’t waste time. Our training is focused and hard-hitting. We offer practical targeted training in just the key topics that will make the most impact.

Contact us about future dates or to arrange for this training to be delivered in your organization or city.

Understanding and Overcoming IT Project Risks [Infographic]

October 12, 2016

Many high-profile IT projects face their own risks and challenges from conception to the final stages. Perhaps the addition of technology into the mix makes these projects particularly challenging, but if project managers and teams are not careful, all of their hard work could result in a failed project and disappointment from all involved. When considering management of IT projects, two questions must be considered: How and why do IT projects fail, and what can you do to prevent this failure? In this blog post and infographic, we explore the top four types of IT project-related risk factors to look out for and provide strategies to put in place that will help your teams overcome threats to your IT projects.Continue reading

Five Ways to Foster Project Management Innovation

Team meeting to try innovative ideas
September 16, 2016

Project teams have a lot to deal with on projects. They will have to navigate multiple problems, such as risks becoming issues, costs exceeding budget, and schedules slipping, on any given project. The top notch project managers and teams are skilled and experienced at coming up with innovative solutions to these problems. How can any project manager or team acquire this skill? In this post, we describe five ways to improve creativity on project teams to foster project management innovation. These steps range from building the foundation through organizational structure and culture to trying out agile practices.

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Essential Agile Processes Part 8: Risk Adjusted Backlog

Image of two agilists discussing the project risks
June 15, 2015
On a project, risk management means identifying, planning for, and monitoring for risks that threaten to derail the project’s schedule, budget, or scope. In agile, the risks threatening the scope take on greater dimension, since the scope is flexible. Risks on agile projects hinder the ability to deliver value to the customer by keeping the team from being able to accomplish key tasks. In this blog post, we will look at the risk-adjusted backlog and how to apply it at each level of the agile project.

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Tips and Tricks for Passing the Risk Management Professional (PMI-RMP)® Exam

Photo of a student studying for the PMI-RMP exam.
January 15, 2014

The Project Management Institute Risk Management Professional (PMI-RMP)® certification is geared toward project risk managers. Attaining this certification shows that you can describe and apply the principles and tools of risk management. You will need to study Chapter 11 of A Guide to the Project Management Body of Knowledge (PMBOK® Guide), and other sources to prepare for the exam.

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Understanding and Overcoming IT Project Risks

Photo of a man working on IT project risks.
September 13, 2013

IT projects carry with them many risks. Because technology constantly evolves, companies must keep up in order to remain competitive, so the risks are often necessary to face. When initiating, planning, executing, and monitoring IT projects, two questions must be considered: first, how and why do IT projects fail? Second, what can your company do to prevent this failure?

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What’s Your Way to Perform Project Risk Management?

Photo of two team members working on project risk management.
June 24, 2012

Do you practice project risk management in your projects? How do you do it? Let me share how I, CEO and Founder of RefineM, NK Shrivastava perform risk management on my projects.

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PMI, PMP, CAPM, PMI-ACP, PMI-RMP, and PMBOK are all registered marks of the Project Management Institute, Inc.