PMI-RMP® Certification Training by Simplilearn: Fee, Duration, How to Apply

Quick Facts

particular	details
Medium of instructions English	Mode of learning Self study	Mode of Delivery Video and Text Based

Course overview

The PMI-RMP certification course is specially created for professionals who want to master the core processes, methods, and techniques of project risk management in Agile environments. Candidates will learn how to identify and approach uncertainties in a project. Also, how to conduct a risk assessment and analysis to mitigate known or unknown risks associated with the project.

The PMI-RMP or Project Management Institute-Risk Management Professional certification specially caters to professionals who wish to specialise in risk management. Upon completion of the certification course, professionals will become proficient in skills such as Risk Mitigation, Project Planning, Qualitative Risk Assessment, Quantitative Risk Assessment, and more to handle various project threats effectively.

Moreover, the PMI-RMP certification syllabus covers the core risk management concepts and processes as prescribed by the Project Management Institute via different delivery models. Once candidates complete the course successfully, they will receive a course completion certificate. The blended learning models and 24/7 assistance makes it easy to complete the course with ease.

Course and certificate fees

Fees information

₹ 6,999

The course fees for PMI RMP Certification Training is -

Head	Amount
Self placed	Rs. 6,999
Corporate Training	NA

certificate availability

Yes

certificate providing authority

Simplilearn

Who it is for

Project manager

The PMI-RMP certification course by Simplilearn is a perfect fit for professionals interested in risk management or who wish to improve their risk management skills. These include –

Risk Management consultants
Project Managers
Program Managers
Line Managers
Project Management Enthusiasts

Eligibility criteria

To appear for the PMI-RMP certification course by Simplilearn exam, a candidate needs to fulfil the minimum educational and professional requirements.

Non-graduates need to have 4500 hours of professional project management experience within the last 5 years before application submission. They also need to have a minimum of 40 hours of project risk management education.

For graduates, 3000 hours of experience in project management within the last five years before application submission. They also need to have a minimum of 30 hours of experience in project risk management education.

What you will learn

Project management

The PMI-RMP certification course by Simplilearn covers core processes and skills essential to mitigate the various risks involved in a project. Upon successful completion of the course, you will become proficient in these skills –

Risk Analysis – Ability to identify and analyse the potential risk events and factors which can alter the planned project outcome or harm the successful execution of the project.
Risk Mitigation – How to allocate resources to prevent, minimise or control the adverse impact of a potential risk event on project objectives and enhance opportunities.
Quantitative Risk Assessment – Ability to use numeric estimates to analyse the impact of risks on the project objectives like time, cost, etc.
Qualitative Risk Assessment – Proficiency in pre-defined techniques to assess the probability or likelihood of a risk event and how it can impact project outcomes.
Project Planning – Ability to plan the cost and scope of a project, allocate resources and tasks to execute the project within the approved time and budget.

The syllabus

PMI-RMP® Certification

Module 1 : Introduction to PMI-RMP

Course Introduction
Why to Become PMI-RMP Certified
Understand Exam Content Outline 2022
Exam Details – Eligibility, Application, Fee, Exam

Module 2 : Project Management Fundamentals

Learning Objectives
Project Management Fundamentals
Project Approaches – Predictive and Iterative
Project Approaches – Incremental and Agile
Knowledge Check
Basic Terminologies – User Story and Story Points
Basic Terminologies – Sprint, Scrum, Retrospective
Stakeholders
Knowledge Check
Summary

Module 3 : Risk Basic Concepts

Learning Objectives
Risk Basic Concepts
Risk Management
Tailoring Risk Management
Knowledge Check
Risk Factors
Risk Attitude and Risk Appetite
Risk Tolerance and Risk Threshold
Risk Profile and Risk Triggers
Risk Maturity, Risk Assumptions, Risk Constraints, and Risk Absorption
Knowledge Check
Risk Management Domains
Risk Management Plan
Risk Management Lifecycle
Knowledge Check
Summary

Module 4 : Risk Strategy and Planning

Learning Objectives
Risk Strategy and Planning
Risk Strategy and Planning Process
Risk Roles – Risk Manager and Risk Owner
Risk Roles – Risk Team
Knowledge Check
Industry Benchmarks and Project Plans
Project Management Plan
Lesson Learned and Risk Register
Knowledge Check
Customer Agreements and Assumption Logs
Project Charter and Team Charter
Stakeholder Register
Knowledge Check
Risk Planning across Organization Levels
Analyze Organization Factors
Organization Influence Factors
Impact of Project Approaches
Knowledge Check
Set Up Risk Thresholds
Plan for Triggers
Conflict Management
Knowledge Check
Risk Management Life Cycle
Mentor Team for Risk Management
Defining Roles and Responsibilities
Knowledge Check
Establish Risk Communication and Education Strategy
Plan Risk Management with Stakeholders
Stakeholders’ Data Gathering Techniques
Knowledge Check
Summary

Module 5 : Risk Identification

Learning Objectives
Risk Identification
Risk Identification Process
Understand Risk Identification
Risk Identification Approaches
Knowledge Check
Brainstorming
Nominal Group Technique, Focus Groups, Interviews and Meetings
Expert Judgment and The Delphi Technique
Knowledge Check
Mind Mapping and Affinity Diagrams
Root Cause Analysis
Checklist Analysis and SWOT Analysis
Assumptions Analysis
Knowledge Check
Establish Risk Statements
Categorizing Risks
Risk Types
Develop Risk Register
Update Risk Register
Knowledge Check
Constraints
Compliance
Triggers
Knowledge Check
Summary

Module 6 : Risk Analysis

Learning Objectives
Risk Analysis
Risk Analysis Process
Introduction to Risk Analysis
Knowledge Check
Qualitative Analysis
Qualitative Risk Analysis Techniques
FMEA (Failure Mode Effects Analysis) / Fault Tree Analysis
Affinity Diagram
Knowledge Check
Analytic Hierarchy Process (AHP)
Influence Diagram
System Dynamics
Risk Ranking
Knowledge Check
Risk Data Quality
Assessment of Other Risk Parameters
Educate Stakeholders on Risk Categories
Knowledge Check
Quantitative Risk Analysis
Waterfall Model Metrics
Waterfall Model Metrics – Budget at Completion and Planned Value
Waterfall Model Metrics – Earned Value and Actual Cost
Waterfall Model Metrics – Schedule Variance (SV) and Schedule Performance Index (SPI)
Knowledge Check
Waterfall Model Metrics – Cost Variance (CV) and Cost Performance Index (CPI)
Waterfall Model Metrics – Estimates at Completion (EAC)
Waterfall Model Metrics – To-Complete Performance Index (TCPI)
Knowledge Check
Agile Model Metrics
User Stories Completion
Burndown and Burnup Chart
Story Point Completion
Velocity
Knowledge Check
Quantitative Risk Analysis Techniques
Monte Carlo Simulation Technique
PERT (Project Evaluation Review Technique)
Knowledge Check
Detailed Risk Analysis
Monte Carlo Sensitivity Analysis and Tornado Diagrams
Network Diagram Sensitivity Analysis (Critical Path)
Ishikawa Diagram Analysis and Decision Tree Analysis
Knowledge Check
Contingency Reserve Estimation
Risk Complexity
Risk Priority
Perform Impact Analysis
Assess Project Compliance Objectives and Empower Stakeholders
Knowledge Check
Summary

Module 7 : Risk Response

Learning Objectives
Risk Response
Overall Process
Introduction to Risk Response
Knowledge Check
Risk Response Strategies for Threats
Risk Response Strategies for Opportunities
Risk Response Decision
Knowledge Check
Develop Action Plans for Different Approaches
Create Risk Response Action Plan for Agile Approach
Create Risk Response Action Plan for Predictive Approach
Risk Action Plan Comparison – Predictive vs Agile
Knowledge Check
Workaround
Assess Risk Response Strategy
Communicating Risk Response Strategies
Knowledge Check
Execute Risk Response Plan
Contingency Plan
Execute Contingency Plan
Knowledge Check
Stakeholder Involvement
Address Secondary Risks
Manage Residual Risks
Knowledge Check
Summary

Module 8 : Monitor and Close Risks

Learning Objectives
Monitor and Close Risks
Risk Monitoring and Closing Process
Knowledge Check
Gather Performance Data
Analyze Data for Accuracy
Measure Efficacy of Risk Responses
Knowledge Check
Techniques for Risk Monitoring
Risk Audit
Risk Breakdown Structure
Risk Re-Assessment
Sensitivity Analysis
Status Meetings
Trend Analysis
Variance Analysis
Knowledge Check
Ensure Resilience and Anti-Fragility
Risk-Reward
Measure Variance and Compare with Tolerance
Project Risks in an Organizational Context
Organizational Risk Taking in a Project Context
Knowledge Chec
Monitoring Residual Risks
Residual Financial Risk
Residual Quality Risk
Residual Reputational Risk
Monitoring Secondary Risks
Impact of Contract Types on Secondary Risks
Updating Risk Registers
Knowledge Check
Preparing Risk Reports for Predictive and Agile Approaches
Qualitative Data Gathering and Reporting – Predictive
Qualitative Data Gathering and Reporting – Adaptive
Quantitative Data Gathering and Reporting – Predictiv
Quantitative Data Gathering and Reporting – Adaptive
Knowledge Check
Updating Project Documents
Management Plan Updates and Lessons Learned Updates
Change Log Updates and Project-Wide Risk Updates
Organization-Wide Risk Updates
System Life Cycle Risk Updates
Updated Risks to the Project Management Culture
Knowledge Check
Summary

Admission details

Filling the form

The application process for PMI-RMP certification course by Simplilearn is mentioned below. Follow the steps to complete the application process

Step 1 - Visit the official website

Step 2 - Click on enrol now button

Step 3 - Click on the Proceed button. If applicants have a coupon, they need to apply the coupon.

Step 4 - Fill the learner's details which consists of the name, email, and contact number. Click on proceed

Step 5 - Pay the fee and save the receipt of the transaction.

Evaluation process

Candidates need to pass the PMI-RMP certification exam certified by the Project Management Institute or PMI to receive the PMI-RMP certification course by Simplilearn. A candidate who meets the eligibility criteria can apply for either –

An online proctored test
A centre-based test

In the PMI-RMP certification course, you will be asked 170 multiple choice questions in total. Of these, 20 questions will be unscored or pre-test questions – a pre-test question is only used to test the validity of future test questions so they do not affect your overall score. The exam duration is 3.5 hours.

How it helps

A PMI-RMP certification course by Simplilearn is an important risk management credential which is recognised globally. As a certified PMI-RMP professional, you will become adept in project risk identification and assessment to mitigate threats. Many top companies like Oracle, Wells Fargo, Deutsche Bank, and more offer highly lucrative offers to hire certified PMI-RMP professionals.

Most importantly, since there are less than 4000 PMI-RMP certificate holders in the world, a PMI-RMP credential will distinguish you in the job market. Certified PMI-PMP professionals can work as Business Analyst, Agile Project Manager, Technical Business Analyst, etc. and earn an annual salary anywhere between INR 9 Lakhs to INR 19 Lakhs.

Instructors

Mr Jeff Allen
Instructor
Freelancer

Mr Tim Jerome
Instructor
Freelancer

FAQs

What are the prerequisites for the PMI-RMP certification?

To apply for the PMI-RMP certification course, candidates must fulfil these criteria –

For Non-Graduates: A candidate must have a minimum of 4500 hours of professional project risk management experience and a minimum of 40 hours of project risk management education in the last five years.
For Graduates: A candidate must have a minimum of 3000 hours of professional project risk management experience and a minimum of 30 hours of project risk management education in the last five years.

How can I become a certified PMI-RMP professional?

To receive the PMI-RMP certificate, candidates need to pass the PMI certified PMI-RMP certification exam first. Candidates who meet the eligibility criteria/prerequisites can prepare for the certification exam either with a PMI accredited formal institution or by themselves.

Will I receive the PMI-RMP certificate once I complete the certification training course?

Once you complete the PMI-RMP certification training course successfully, you will receive a course completion certificate. However, to receive the PMI-RMP certificate, eligible candidates need to pass the PMI-RMP certification exam.

How long is the PMI-RMP certificate valid for?

A PMI-RMP certificate is only valid for three years from the date of issuance. Once the three years are over, professionals need to earn a minimum 30 Professional Development Units or PDUs to renew the PMI-RMP certificate for the next three years.

How many questions are asked in the PMI-RMP certification exam?

A total of 170 MCQ-based questions are asked in the PMI-RMP certification exam. Of the total questions, 20 questions are pre-test or unscored questions which are only used to test the validity of future exam questions and do not affect the final test score. However, since pre-test questions are randomly chosen, you should give equal efforts to all the questions.