PMI RISK MANAGEMENT PROFESSIONAL (PMIRMP)® (SF) (SYNCHRONOUS E-LEARNING)

PMI RISK MANAGEMENT PROFESSIONAL (PMIRMP)® (SF) (SYNCHRONOUS E-LEARNING)

Funded

Course Duration

32.0 hr(s)

Mode of Assessment

Students will be required to complete two online assessments during class. 

  1. Practical performance assessment
  2. Written assessment

Who Should Attend

This course is designed for the following individuals:

  • 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

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

TPGateway Code: TGS-2018505017 (VLC)


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.

NTUC LearningHub is an Authorized Training Partner (ATP) for Project Management Institute (PMI), USA and our Provider ID is 3163.

Next available schedule

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

 

  • Knowledge, Skills & Experience
    • To ensure your success in this course, you should have a basic understanding of project management concepts and/or working experience with project management.  This can be achieved by attending:

IBFIT08 Project Management for All / IBFIT31 Certified Agile Professionala

    • To sit for the official PMI-RMP certification exam, candidates must satisfy the following criteria:
  • A degree
  • 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.

— OR —

  • A high school diploma (equivalent to GCE O-Level) or an associate’s degree (or global equivalent)
  • 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
    • As this is an intensive 4-day course, please commit to the full 4-day schedule as absence or breaks in between would likely be disruptive to your learning journey.
  • Hardware & Software
    This course will be conducted as a Virtual Live Class (VLC) via Zoom platform. Participants must own a zoom account and have a laptop or a desktop with “Zoom Client for Meetings” installed. This can be downloaded from
    https://zoom.us/download

System Requirement

Must Have:

Please ensure that your computer or laptop meets the following requirements.

  • Operating system: Windows 10 or MacOS (64 bit or above)
  • Processor/CPU: 1.8 GHz, 2-core Intel Core i3 or higher
  • Minimum 20 GB hard disk space.
  • Minimum 8 Gb RAM
  • Webcam (The camera must be turned on for the duration of the class)
  • Microphone
  • Internet Connection: Wired or Wireless broadband
  • Latest version of Zoom software to be installed on computer or laptop prior to the class.

Good to Have:

  • Wired internet connection
    Wired internet will provide you with stable and reliable connection.

  • Dual monitors
    Using a dual monitor setup will undoubtedly improve your training experience, enabling you to simultaneously participate in hands-on exercises and maintain engagement with your instructor.

Not Recommended:

Using tablets is not recommended due to their smaller screen size, which could cause eye strain and discomfort over the course of the program's duration.

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

Certificate Obtained and Conferred by

  • Certificate of Completion from NTUC LearningHub 

Upon meeting 75% attendance and passing the assessment(s), participants will receive a Certificate of Completion from NTUC LearningHub 

  • Statement of Attainment from SkillsFuture Singapore

Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Statement of Attainment from SkillsFuture Singapore to certify that the participant has achieved the following Competency Standard(s):

- ICT-SCM-3003-1.1 Procurement

- ICT-SCM-3004-1.1 Stakeholder management

  • External Certification

    Exam Fee (before 31st Dec – 8% GST applies)
    For exam purchases, NTUC LHUB must receive payment by 31st December 2023
    [You are encouraged to make payment ahead of time]

     

    before GST

    after GST

     

    PMI member Exam Fee

    $767.59

    $829.01

       Buy now

    Non-PMI member Exam Fee

    $974.60

    $1052.57

                Buy now

     

    Exam Fee (from 1st Jan – 9% GST applies)
    For exam purchases, from 1st January 2024

     

    before GST

    after GST

     

    PMI member Exam Fee

    $767.59

    $836.67

       Buy now

    Non-PMI member Exam Fee

    $974.60

    $1062.31

                Buy now

Additional Details

Medium of Instruction: English

Trainer: Trainee Ratio is 1:25

Mode of Delivery: Virtual Live Class (VLC) via Zoom

As this is a government subsidised programme, the entire training programme will be video recorded for audit purposes by the relevant funding agency. To ascertain their presence, Trainees / Participants are required to

  • Turn on web camera to show real-time video, as opposed to using a profile picture / video (jpg/jpeg, gif or png image file) for the entirety of the training and assessment session.
  • Ensure that their faces are fully visible (not just the forehead / eyebrows)
  • Use their full name as per NRIC / Passport as their Screen Name on Zoom

Courseware:

1. Learner’s Resources on Canvas

2. The Standard for Risk Management in Portfolios, Programs, and Projects book

Professional Development Units (PDUs)

Upon successful completion of this course, participants will receive 28 PDUs. You may claim the PDUs on PMI’s portal with the following details:

  • Provider ID: 3163  
  • Activity ID: NICF037
  • Activity Name: NICF - PMI Risk Management Professional (PMI-RMP)®(SF)

Price

NTUC LHUB must receive payment by 31st December 2023 (8% GST applies)
[You are encouraged to make payment ahead of time]

  

Individual Sponsored 

Company Sponsored 

 

Non-SME 

SME 

Before GST 

With GST 

Before GST 

With GST 

Before GST 

With GST 

For foreigners and all others who are not eligible for subsidies in the next two categories below 
(Full Course Fee)

$1,750.00

$1,890.00

$1,750.00

$1,890.00

$1,750.00

$1,890.00

For Singapore Citizens & PRs:
(a) individually-sponsored trainees aged 21-39 years
(b) company-sponsored trainees aged 39 years & below

$875.00

$1,015.00

$875.00

$1,015.00

$525.00

$665.00

For Singapore Citizens aged 40 years and above

$525.00

$665.00

$525.00

$665.00

$525.00

$665.00

Payments received by NTUC LHUB from 1st January 2024 (9% GST applies)

  

Individual Sponsored 

Company Sponsored 

 

Non-SME 

SME 

Before GST 

With GST 

Before GST 

With GST 

Before GST 

With GST 

For foreigners and all others who are not eligible for subsidies in the next two categories below 
(Full Course Fee)

$1,750.00

$1,907.50

$1,750.00

$1,907.50

$1,750.00

$1,907.50

For Singapore Citizens & PRs:
(a) individually-sponsored trainees aged 21-39 years
(b) company-sponsored trainees aged 39 years & below

$875.00

$1,032.50

$875.00

$1,032.50

$525.00

$682.50

For Singapore Citizens aged 40 years and above

$525.00

$682.50

$525.00

$682.50

$525.00

$682.50

 

Funding Eligibility Criteria:

Individual Sponsored Trainee

Company Sponsored Trainee

  • Singapore Citizens or Singapore Permanent Residents
  • From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses

  • Trainee must achieve at least 75% attendance
  • Trainee must pass all prescribed tests / assessments, and attain 100% competency
  • NTUC LearningHub reserves the right to claw back the funded amount from trainee if he/she did not meet the eligibility criteria
  • Singapore Citizens or Singapore Permanent Residents
  • From 1 October 2023, attendance-taking for SkillsFuture Singapore's (SSG) funded courses must be done digitally via the Singpass App. This applies to both physical and synchronous e-learning courses

  • Trainee must achieve at least 75% attendance
  • Trainee must pass all prescribed tests / assessments, and attain 100% competency
  • NTUC LearningHub reserves the right to claw back the funded amount from the employer if trainee did not meet the eligibility criteria

 

Remarks:

 Individual Sponsored Trainee 

Company Sponsored Trainee 

SkillsFuture Credit: 

  • Eligible Singapore Citizens can use their SkillsFuture Credit to offset course fee payable after funding.

UTAP: 

  • This course is eligible for Union Training Assistance Programme (UTAP).
  • NTUC members can enjoy up to 50% funding (capped at $250 per year) under UTAP. 

PSEA:

  • To check for Post-Secondary Education Account (PSEA) eligibility for this course, visit:
    (a) 
    SkillsFuture (TGS-2018505017) for Virtual Learning Class (VLC)
  • Scroll down to “Keyword Tags” to verify for PSEA eligibility. 
  • If there is “PSEA” under keyword tags, the course is eligible for PSEA.  
  • And if there is no “PSEA” under keyword tags, the course is ineligible for PSEA. 
  • Not all courses are eligible for PSEA funding.

Absentee Payroll (AP) Funding: 

  • $4.50 per hour, capped at $100,000 per enterprise per calendar year.
  • AP funding will be computed based on the actual number of training hours attended by the trainee.
  • Note: Courses / Modules under Professional Conversion Programme (PCP) will not be eligible for AP funding claim. 

Terms & 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

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.

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