RMP - Professional Risk Management Certification Training in UAE

4.5/5

The Risk Management Certification Training in UAE validates your performance capability, technical knowledge, and commitment to quality and a process of identifying, evaluating, and prioritization of risks and formulate a procedure to minimize, monitor, and control the impact using various techniques and tools. Risk management Professional is one of the many responsibilities of a variety of professionals, including accountants, attorneys, financial and insurance professionals, and specialists in loss control. This course is 5 days long which will make you ready to take courses or pursue your CRM designation by learning to differentiate between financial risks and business risks, Identify and describe the various types of financial risk and their sources, and Identity the real-world violations of the ‘standard model’ assumptions that make risk management value enhancing to the firm. Upon completion of this course, participants will receive a certificate of Risk Management Professionals.

Training Options

Classroom Training

Online Instructor Led

Onsite Training

Course Information

Introduction to Risk Management Concepts

  • Objectives of risk management
  • Risk management and the project life cycle
  • Critical success factors
  • When to accept risk, and when to avoid

Introduction to PMI Risk Management Processes

  • Stakeholder risk tolerance
  • Overview of the risk management processes

Identify Risks

  • Purpose, objectives & Critical success factors
  • Typifying risks
  • Risk identification techniques
  • Information Gathering Techniques
  • Checklist Analysis
  • Analyzing assumptions & constraints
  • Diagramming Techniques
  • Cause & Effect (Fishbone diagrams) Risk triggers
  • The risk register
  • Determining which risk tool to use

Perform Quantitative Risk Analysis

  • Purpose, objectives & Critical success factors
  • Accounting for risk inter-relations in projects
  • Data Gathering & Representation techniques
  • Modeling & Simulation, Probability distribution
  • Monte Carlo Simulations, S- curves
  • Tornado diagrams, sensitivity analysis, criticality analysis
  • Decision trees
  • Risk Expected Monetary Value (EMV) calculation

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Monitor and Control Risk

  • Risk re-assessment Process improvement
  • Managing contingency reserves
  • Risk audits, trend analysis

Principles and Concepts of Risk Management

  • Definition of risk & risk management
  • Stakeholder risk attitudes
  • Responsibilities for risk within projects

Plan Risk Management

  • Purpose of risk management planning
  • Components of the risk management plan
  • Success criteria for risk planning
  • Barriers to successful risk planning
  • Risk Breakdown Structures (RBS)
  • Techniques for Risk Planning
  • The Risk Management Plan
  • Stakeholder Risk Tolerance & Thresholds

Perform Qualitative Risk Analysis

  • Purpose, objectives & Critical success factors
  • Categorizing risks
  • Risk probability and impact, Risk score
  • P-I Matrix

Plan Risk Responses

  • Risk owners, risk action owners
  • Strategies for positive and negative risks Risk & contracting
  • The risk response action plan
  • Contingency planning, calculating the contingency fund
  • Secondary & residual risks

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Audience Profile

Individuals with a project or organizational role in the specialized area of risk management, certified PMPs who are interested in demonstrating a deeper level of expertise in risk management techniques, project or program managers who wish to enhance their skills in this area, financial planning and analysis practitioners who are responsible for developing project budgets and contingency plans. 

Q: What is a risk management professional certification?

A: A risk management professional certification is an industry-standard credential that measures a candidate's experience and background knowledge in evaluating and making decisions about risk. It may require you to pursue a certification before beginning a career in risk management.

Q: What are the eligibility criteria for RMP certification?

A: The Eligibility Criteria for the Risk Management Professional Certification is having a secondary degree or a high school diploma or its global equivalent. 4,500 hours of experience in project risk management within the last consecutive 5 years. 

Q: Is the risk management field in demand?

A: Risk has always been a part of the business so with globalization and an increasingly complex regulatory landscape, the stakes are higher than ever. As a result, the risk management job is in demand nowadays.

Q: What field is risk management in?

A: Risk management professionals aim to identify, analyze and document the risks associated with a company's business operations, as well as monitor the efficiency of risk management processes and implement needed changes.

Q: How long does it take to become a risk manager?

A: Work Experience Needed. There are many possible paths to working in risk management. To become an actual risk manager, however, you will likely need at least five years of experience, often in related fields, such as insurance or loss control consulting, according to MyPath.

Q: Are risk managers in demand?

A: Demand for Risk Management Specialists is expected to go up, with an expected 54,350 new jobs filled by 2029. This represents an annual increase of 1.31 percent over the next few years.

Q: Is risk management a good career?

A: Risk managers across the globe can also grow into increasingly lucrative opportunities, with 35% of respondents to the GARP Risk Careers Survey reporting total annual compensation between $100,000 and $1.5 million.

Q: Is risk management a difficult job?

A: Risk management is a field that requires hard work and dedication. The following courses have been selected from a list of many others, and these give you a certain edge when embarking on the risk management journey.

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    Corporate Training Options

    Online Instructor Led

    Live, Online Training by top Instructors and practitioners across the globe.

    Onsite
    Training

    Conduct training at the work location you desired.

    Classroom Training

    The Venue will be ideally located and easy to access with covid-19 SOP's.

    Overseas Training

    Travel to any desired location for your training.

    What People say?

    Mohammed Aljbreen Operation Specialist, SAMA

    The Clarity of the Content was very good. The explanation of the trainer with in-depth knowledge in a proper flow really impressed me to give 5 star rating.

    Arindam Chakraborty Systems Specialist, King Abdullah University of Sciences & Technology

    The Instructor was really impressive. Clear cut explanation of every topic he covered with real time scenarios.

    Sher Afzal Khan Cloud Engineer, Cloud 9 Networks

    The Trainer and the Course Material, both are good. Good flow of explanation with simple examples. The complete training was focused on current industry challenges.

    Jawed Ahmad Siddiqui Sr. System Administrator, Saudi Ceramics

    The Trainer’s presentation was impressed me to continue the course till end. Never feel bore till the entire sessions. She studied our mindset and follows.

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