PMI-RMP - Risk Governance & Framework

Goals

• To cover all the concepts of risk governance, its importance and their application in project management.
• To identify the various frameworks and standards for effective risk governance involving policies, procedures, etc.

• 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.

• For instance, people who have key roles in risk governance must be identified and put in place.
• Because every organisation has its own appetite for issuance of risk management polices, 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.

• 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 adhere to industry best practices.

• Awareness on how best to communicate about risks should be made better, hence making sure that the right information reaches the 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 the PMI risk strategy.
• Computer with Internet connection to view the training material.
• Prior understanding of project management and its processes.
• Basic understanding of project risk and its importance in a business or organization.