

Risk Management for Project Managers
(1-day, 8 PDUs)
Course Overview:
Managing project risk is a major factor in achieving project success. Time invested in identifying and mitigating risks yields a high ROI. This course will cover the entire project risk management process from identification of potential root causes and risk areas, assessment of probability and impact, identification of mitigation activities, evaluation of the cost/benefit of mitigation activities and preparation of risk response/contingency plans. Using the techniques taught in this class, project managers can significantly reduce the project cost, time ans surprises while dramatically improving stakeholder satisfaction.
Learning Objectives:
Upon completion of this course, the student will be able to:
- Understanding those factors that can cause a project to not be successful and treat them as risks
- Understand risk management processes and tools
- Understand how to place a cost (or value) on risks
- Determine ways in which risks can be mitigated
- Engage management in risk management process
Course Agenda:
- The Perfect Project
- Classic Definitions
- Risk and Uncertainty
- Risk and Corporate Culture
- The Case For Risk Management
- Challenges
- Elements of Risk Management
- Risk Identification Methods
- Brainstorming
- Delphi
- Interviewing
- Root Cause
- SWOT
- Checklists
- Assumption Analysis
- Diagramming
- SDLC Taxonomy
- Qualitative Risk Analysis
- Quantitative Risk Analysis
- A Monte Carlo Simulation
- Managing Risk – the Plan
Who Should Attend:
- Project stakeholders who are responsible for, or participate in, planning and managing projects.
- Project and Program Managers – Senior, Associate, In-Training
- Project Coordinators
- Project Sponsors and Executives
- Senior Business Analysts
Instructor(s) Who Lead this Course:


Do you want to become a project management professional? Make sure you prepare for the PMP exam by completing one of our easy-to-follow exam preparation courses. We’ll cover everything you need to pass your PMP certification. Browse our website to learn more about our online education training courses, consulting services and PMP exam prep course to help you prepare for the PMP certification exam. Our courses are taught by senior project and program managers, each with over 20 years of experience to ensure our training offers practical information, techniques and tips that are applicable in the real world.


