Quantitative Project Risk Analysis & Monte Carlo Simulation Training Course
Teaches how to quantify the combined effect of risk on project cost and schedule with Monte Carlo simulation and set realistic, defensible contingencies.
5 Days·Classroom
Prepares experienced risk professionals for the PMI-RMP exam through structured review of the content outline, practice questions and real project cases.
Free substitution at any time · 30+ days' notice: full refund minus 10%. Cancellation policy
The Risk Management Professional (RMP) Exam Preparation Training Course equips experienced project, program, and risk professionals with the knowledge, structured review, and exam practice needed to prepare with confidence for the PMI Risk Management Professional (PMI-RMP) certification exam, while strengthening their practical ability to manage risk in real projects. In government entities, ministries, public authorities, banks, healthcare systems, energy and utility companies, construction, engineering, and technology organizations, and large corporations, effective risk management is essential for protecting objectives, allocating contingency wisely, and making informed decisions under uncertainty. The PMI-RMP credential is widely recognized as evidence of specialized competence in project risk management. Many candidates have strong practical experience but find the exam demanding. Questions are scenario-based and test the ability to apply risk management concepts, terminology, and processes as defined in PMI's standards and exam content outline, rather than to recall definitions alone. Candidates may be unfamiliar with specific tools and techniques, the correct sequence of risk processes, the distinction between threats and opportunities and their response strategies, or quantitative concepts such as expected monetary value, decision trees, and Monte Carlo simulation. Without a structured study plan and sufficient practice, candidates may struggle to interpret questions and manage their time effectively. This course provides a comprehensive and structured review aligned with the performance domains of the current PMI-RMP Examination Content Outline: risk strategy and planning, risk identification, risk analysis, risk response, and monitoring and closing risks. Participants review key concepts from PMI's standard for risk management in portfolios, programs, and projects and related PMI guidance, and relate them to recognized frameworks such as ISO 31000. The program covers developing risk strategy and risk management plans, assessing risk appetite and thresholds, engaging stakeholders and understanding risk attitudes, and applying risk identification techniques. Participants then review qualitative analysis, including probability and impact assessment, risk data quality, urgency, and prioritization, and quantitative analysis, including expected monetary value, decision tree analysis, sensitivity analysis, and Monte Carlo simulation. The course also addresses response strategies for threats and opportunities, contingency and fallback plans, residual and secondary risks, risk ownership, monitoring and control, reserve analysis, risk audits and reviews, risk in agile and adaptive environments, communication and reporting, and closing risks and capturing lessons learned. Throughout the course, participants practice realistic scenario-based questions, learn exam techniques, and complete a full-length practice exam with detailed review. Eligibility requirements, exam content, and application procedures for the PMI-RMP certification are set by the Project Management Institute and should be confirmed on PMI's official website. PMI and PMI-RMP are registered marks of the Project Management Institute, Inc. The course is delivered through an interactive, exam-focused approach combining concise concept reviews, case scenarios, calculation exercises, domain-based practice questions, and a full mock exam. Participants leave with a domain-by-domain study guide, a risk management process and terminology summary, a formula and calculation reference sheet, a bank of practice questions, a personal study plan, and a mock exam performance analysis identifying areas for further review.
Course Outline:
Selected date
Madrid · 1 – 5 Feb 2027 · Classroom
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| City | Dates | Price per Participant | Early Bird | |
|---|---|---|---|---|
BakuScheduled | 2 – 6 Nov 2026 | €4,800 | — | |
BangkokScheduled | 9 – 13 Nov 2026 | €6,100 | — | |
BarcelonaScheduled | 16 – 20 Nov 2026 | €5,400 | — | |
BerlinScheduled | 23 – 27 Nov 2026 | €5,800 | €5,220until 2 Nov | |
CairoScheduled | 30 Nov – 4 Dec 2026 | €3,300 | €2,970until 9 Nov | |
CasablancaScheduled | 7 – 11 Dec 2026 | €4,300 | €3,870until 16 Nov | |
DammamScheduled | 14 – 18 Dec 2026 | €4,200 | €3,780until 23 Nov | |
DohaScheduled | 14 – 18 Dec 2026 | €4,400 | €3,960until 23 Nov | |
DubaiScheduled | 20 – 24 Dec 2026 | €4,400 | €3,960until 30 Nov | |
GenevaScheduled | 28 Dec 2026 – 1 Jan 2027 | €6,300 | €5,670until 7 Dec | |
IstanbulScheduled | 4 – 8 Jan 2027 | €4,700 | €4,230until 14 Dec | |
Kuala LumpurScheduled | 11 – 15 Jan 2027 | €4,400 | €3,960until 21 Dec | |
LisbonScheduled | 18 – 22 Jan 2027 | €5,400 | €4,860until 28 Dec | |
LondonScheduled | 25 – 29 Jan 2027 | €5,600 | €5,040until 4 Jan | |
MadinahScheduled | 1 – 5 Feb 2027 | €4,200 | €3,780until 11 Jan | |
MadridScheduled | 1 – 5 Feb 2027 | €5,400 | €4,860until 11 Jan | |
MakkahScheduled | 8 – 12 Feb 2027 | €4,200 | €3,780until 18 Jan | |
ManamaScheduled | 15 – 19 Feb 2027 | €4,700 | €4,230until 25 Jan | |
MarrakeshScheduled | 22 – 26 Feb 2027 | €4,300 | €3,870until 1 Feb | |
MilanScheduled | 1 – 5 Mar 2027 | €6,000 | €5,400until 8 Feb | |
MunichScheduled | 8 – 12 Mar 2027 | €5,400 | €4,860until 15 Feb | |
MuscatScheduled | 15 – 19 Mar 2027 | €5,300 | €4,770until 22 Feb | |
OnlineScheduled | 21 – 25 Mar 2027 | €1,700 | €1,530until 1 Mar | |
ParisScheduled | 22 – 26 Mar 2027 | €5,700 | €5,130until 1 Mar | |
RabatScheduled | 29 Mar – 2 Apr 2027 | €4,300 | €3,870until 8 Mar | |
RiyadhScheduled | 5 – 9 Apr 2027 | €4,200 | €3,780until 15 Mar | |
RomeScheduled | 12 – 16 Apr 2027 | €5,800 | €5,220until 22 Mar | |
ViennaScheduled | 19 – 23 Apr 2027 | €5,700 | €5,130until 29 Mar | |
AmmanScheduled | 25 – 29 Apr 2027 | €3,100 | €2,790until 5 Apr | |
AmsterdamScheduled | 3 – 7 May 2027 | €5,400 | €4,860until 12 Apr |
Available in: Istanbul · Dubai · London · Riyadh · Doha · Amsterdam
Teaches how to quantify the combined effect of risk on project cost and schedule with Monte Carlo simulation and set realistic, defensible contingencies.
5 Days·Classroom
Equips owners, contractors and consultants to identify, assess, allocate and manage the risks of construction and infrastructure projects across the lifecycle.
5 Days·Classroom
Gives project leaders frameworks such as Cynefin to lead complex projects and make sound decisions when information is incomplete and conditions keep changing.
5 Days·Classroom
Speak with our advisors about upcoming programmes or a bespoke corporate training plan.