Risk management is a vital part of any business activity, although one can't eliminate risk but with careful planning they can mitigate the bad effect of negative risks "Threats" and increase the value of positive risk ;
Risk Management is the process which aims to help organizations understand, evaluate and take action on all their risks with a view to increasing the probability of their success and reducing the likelihood of failure.
Risk management gives comfort to stakeholders (shareholders, customers, employees and so on) that the business is being effectively managed and helps the organization confirm its compliance with corporate governance requirements.
Risk Management is relevant to all organizations whether they are in the public or private sector, or whether they are large or small. It should form part of the culture of the organization, with an effective policy and program led by top management with clear responsibilities laid down for every manager and employee to be involved in the management of risk. It supports accountability, performance measurement and reward thus promoting efficiency at all levels.
Risk management requires a detailed knowledge and understanding of the organization and the processes involved in the business. As well as Risk Specialists and Advisers required in organizations to provide support to an organization's risk management program. Because of this, risk management is a truly multi-disciplinary profession.
PMI Risk Management Professional (PMI-RMP) credential is a response to project manager's, increasing growth, complexity and diversity. It is globally recognized and demanded. Moreover the PMI-RMP fills the need for a specialist role in project risk credential substantiates a professional's Knowledge, Skills and Experience in Project Risk Management.
It recognizes one unique expertise and competency in assessing and identifying project risks, mitigating threats and capitalizing on opportunities, while still possessing a baseline knowledge and practical application in all areas of project management
CEOs, Chief Financial Officers (CFOs), Chief Purchase Officers (CPOs), Chief Information Officers, Chief Project Mangers, Chief Operations Officers(COOs), Program Managers, Project Mangers, Project Engineers, Design Engineers, Portfolio Managers, Assistant General Managers, Vice Presidents, General Managers, Deputy General Managers,Group Vice Presidents, Project Managements Consultants, Venture Capitalists, Bankers, Financial Analysts, Chartered Accountants, Project Leaders, Team Leaders/Members, Risk Managers, Field Staff Members, Project Engineers, Project Leaders & Administrators, Industrial Engineers, Program Managers, Manufacturing Engineers, Project Coordinators, Operating Managers, Functional Managers, Information Technology Professionals, Software Developers, Qulaity & Testing Engineers, Sales & Marketing Professionals, Civil/Mechanical/Electrical Engineers, Procurement Specialist, Event Managers, R&D Managers, others involved directly or indirectly with Project Management.
The goal of this course is to equip one with the necessary knowledge, skills and techniques so they can effectively manage the risk throughout the life cycle of the project. This course is fully aligned with the PMI PMBOK 2008 4th edition standard and The Practice Standard for Risk Management, and is a way to prepare for certification as a Risk Management Professional (PMI-RMP)
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