PMI-RMP - Risk Governance & Framework

Goals

Course Goals for PMI-RMP - Risk Governance & Framework

• Risk Governance Principles should be understood:
• To cover all the concepts of risk governance, importance and their application in project management.
• To identify the various frameworks and standards for effective risk governance involving policies, procedures, etc.
• Creating a Risk Management Framework:
• To learn how to design and implement a robust risk management framework that is based on both organizational needs and project requirements.
• To align risk management processes with all other project management practices so as to guarantee conformity.
• Putting up Risk Governance Structures:
• For instance people who have key roles in risk governance must be identified and put in place.
• Because every organization has its own appetite for issuance of risk management polices, therefore they should incorporate elements such as this one among others: -Risk appetite.
• Risk tolerance and escalation procedures ought to be enforced when tackling organizational risks.
• Evaluating Risk Management Policies:
• The purpose here is to review current policies in order to find out what’s missing or wrong with them.
• This can be done through gap analysis which is meant to ensure that your rules match up with those governing firms like yours and also adheres to industry best practices.
• Promoting Risk Communication:
• Awareness on how best to communicate about risks should be made better hence making sure that right information reaches right people along stakeholder lines.
• Implement strategies for transparent risk reporting and ensure stakeholders are engaged in the risk management process.

Prerequisites

• Passion and dedication to effectively learn about PMI risk strategy
• Computer with Internet connection to view the training material
• Prior understanding about project management and its processes
• Basic understanding about project risk and its importance in a business or organization