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NICF - PMI Risk Management Professional (PMI-RMP)® (SF) is a Program

NICF - PMI Risk Management Professional (PMI-RMP)® (SF)

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Full program description

NICF - PMI Risk Management Professional (PMI-RMP)® (SF)

What's In It For Me

  • Learn about risk management framework
  • Learn the PMI methodology of risk management
  • Prepare for the PMI-RMP certification exam

Course Overview

NTUC LearningHub Course Code: NICF037

Skillsconnect Code: CRS-Q-0035753-ICT

The PMI Risk Management Professional (PMI-RMP) highlights your ability to identify and assess project risks, mitigate threats and capitalize on opportunities.

It acknowledges the individual's unique expertise on the project team while demonstrating the recognition and value the role provides to the project management profession. In this role, an individual has more competence in the specialized area of assessing and identifying project risks while mitigating threats and capitalizing on opportunities than a general practitioner and yet, also maintains a basic level of competence in all areas of project management.

Employers can trust certification holders to possess the skills, knowledge and experience to contribute directly to their crucial projects. This global certification also supports individuals in meeting organizational needs; organizations can be confident in hiring capable, experienced project risk management practitioners as well as having a means for a career development path.

This course will help participants to prepare for PMI-RMP examination. After the 4 days course and with some self-review, participants will be equipped with adequate knowledge to prepare themselves for the exam.

We are a Registered Education Provider (R.E.P.) for Project Management Institute (PMI), USA and our Provider ID is 3163.

Who Should Attend

  • Project professionals who are interested in learning risk management
  • Project Managers
  • Associate Project Managers
  • IT Project Mangers
  • Project Coordinators
  • Project Leaders
  • Project Analysts
  • Project Developers (Execution team)
  • Team Leads
  • Product Managers
  • Program Managers
  • Risk Managers

Course Duration

4 Days / 32 Hours

Course Outline


  • Project management knowledge areas
  • Importance of Risk
  • Plan Risk Management
  •  Risk management plan
  •  Stakeholder management
  •  Communicational needs
  •  Reporting formats
  •  Reporting frequency
  • Identify Risks
  •  Gathering techniques
  •  Analysis techniques
  •  Evaluation techniques
  • Perform Qualitative Risk Analysis
  •  Data quality assessment
  •  Probability analysis
  •  Impact analysis
  •  P * I Analysis
  • Perform Quantitative Risk Analysis
  •  Sensitivity analysis
  •  Variance analysis
  •  Statistical analysis
  • Plan Risk Responses
  •  Positive risk responses
  •  Negative risk responses
  • Implement risk responses
  •  Risk register
  •  Contingency plans
  •  Fall back plans
  •  Workarounds
  • Control Risk
  •  Audits
  •  Reassessment
  •  Variance and trend analysis
  •  Reserve analysis

 

Mode of Assessment

Students will be required to complete a paper-based assessment during class.

After completing the course, students who have satisfied the necessary relevant working experience may proceed to undertake PMI-RMP certification exam from PMI.

Certification Obtained and Conferred by

Awarded Statement of Attainments (SOA)

Upon completion of the course and assessment, students will also be awarded with these SOAs by SkillsFuture Singapore (SSG):

  • ICT-SCM-3003-1.1 - Procurement
  • ICT-SCM-3004-1.1 Stakeholder management

Official Certification Exam

After passing the official certification exam, candidates will receive PMI Risk Management Professional (PMI-RMP) certification from PMI, USA.

PMI, the PMI logo, PMBOK, CAPM, Certified Associate in Project Management (CAPM), PMP, Project Management Professional (PMP), Project Management Professional, the PMP logo, PMI-ACP, PMI Agile Certified Practitioner, PMI-RMP, PMI Risk Management Professional (PMI-RMP) are marks of Project Management Institute, Inc.

Course Objectives

This course will enable participants to

  1. Understand what PMI Risk framework is
  2. Understand the various processes in risk management
  3. Understand the concepts of risk processes
  4. Have an idea about exam eligibility and criteria

Pre-requisites

No credit or certification pre-requisites required to attend this course.

However, to sit for the official PMI-RMP certification exam, candidates must satisfy the following educational and professional experience requirements:

Degree Holder:

  • At least 3,000 hours spent in the specialized area of professional project risk management within the last five consecutive years
  • 30 contact hours of formal education in the specialized area of project risk management.

This course qualifies for 30 Contact Hours of formal project risk management education, satisfying the Project Management Institute PMI-RMP Exam requirement.

Diploma Holder:

  • At least 4,500 hours spent in the specialized area of professional project risk management within the last five consecutive years
  • 40 contact hours of formal education in the specialized area of project risk management

Medium of Instruction & Trainer

Medium of Instruction: English

Trainer: Trainer Ratio is 1:25

Funding Information

Union Training Assistance Programme (UTAP)

NTUC members enjoy UTAP* benefit of up to $250 each year when you sign up for courses with NTUC LearningHub.

* UTAP supports 50% of the course fees paid cap at $250 per year. You must be a union member throughout the course duration and at the time of claim. You must achieve a minimum of 75% attendance for each application and have sat for all prescribed examinations. Other terms and conditions apply.

Additional Note

PDUs for Maintaining PMP Credential 

This course is eligible for PDU Credits. Upon successful completion of this course, Project Management Professional (PMP) credential holders will be awarded 32 PDUs. Applicants need to access the PMI CCR System at https://ccrs.pmi.org/search/ to claim their PDU points with the following details:

Provider ID: 3163 

Activity ID: NICF037

Activity Name: PMI Risk Management Professional (PMI-RMP) (SF)

To view the full listing of courses that is eligible for PDU points, visit https://www.ntuclearninghub.com/courses/courses-by-category/it-academy/pdu-points/

 

PMI Membership

Participants are advised to register for PMI Membership on their own before enrolling for this course. PMI Membership will cost USD 139 and to register, visit http://www.pmi.org/membership.aspx

PMI Membership includes several benefits, such as

  • Access to digital editions of all PMI global standards, including "A Guide to the Project Management"
  • Discounted Exam Fee
  • Discounted Reexamination Fee (USD 435 for PMI members and USD 335 for PMI non-members)
  • Practical, customizable tools and templates that help you manage your project information and save you time and effort.
  • On-Demand Webinars
  • Peer-written and reviewed articles
  • Business and project management books in eReads & Reference
PMI, the PMI logo, PMBOK, CAPM, Certified Associate in Project Management (CAPM), PMP, Project Management Professional (PMP), Project Management Professional, the PMP logo, PMI-ACP, PMI Agile Certified Practitioner, PMI-RMP, PMI Risk Management Professional (PMI-RMP) are marks of Project Management Institute, Inc.

Price

Course Fee:

 
Individual Sponsored 
Company Sponsored
 w/o GSTw GSTNon-SME SME 
 

w/o GSTw GSTw/o GSTw GST
Original Course Fee$1,750.00$1,872.50$1,750.00$1,872.50$1,750.00$1,872.50
Singapore Citizens & PRs aged 21 years and above$1,270.00
$1,392.50
$1,270.00$1,392.50$175.00$297.50
Singapore Citizens aged 40 years and above$175.00$297.50$175.00$297.50$175.00$297.50
Singapore Citizens aged 35 years and above who are not earning more than $2,000 per month (WTS Scheme)
$87.50
$210.00
$87.50$210.00$87.50$210.00

 

Remarks:

Individual Sponsored
  •  Eligible Singapore Citizens can use their SkillsFuture Credit to offset course fee payable after funding.
  • Eligible Singapore Citizens can use their PSEA funds to offset course fee payable after funding.
Company Sponsored
  • Absentee Payroll claimable by SMEs: Up to 80%of hourly basic salary capped at  $7.50/hr
  • Absentee Payroll claimable by Non-SMEs: Up to 80% of hourly basic salary  capped at $4.50/hr
  • Absentee payroll claimable by companies (SMEs and Non-SMEs)  sponsoring candidates under WTS Scheme: Up to 95% of hourly basic salary (no dollar  cap)

Certification Exam Fee:

 w/o GSTW GST
PMI-RMP Certification Exam Fee for PMI non-members$924.60$989.32
PMI-RMP Certification Exam Fee for PMI members$717.60$767.83

 

Terms and conditions apply. NTUC LearningHub reserve the right to make changes or improvements to any of the products described in this document without prior notice.

Prices are subject to other LHUB miscellaneous fees

  • NTUC Members can enjoy up to 50% funding (capped at $250 per year) under Union Training Assistance Programme (UTAP).

PMI, the PMI logo, PMBOK, CAPM, Certified Associate in Project Management (CAPM), PMP, Project Management Professional (PMP), Project Management Professional, the PMP logo, PMI-ACP, PMI Agile Certified Practitioner, PMI-RMP, PMI Risk Management Professional (PMI-RMP) are marks of Project Management Institute, Inc.

NICF037