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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:

  1. Understanding those factors that can cause a project to not be successful and treat them as risks
  2. Understand risk management processes and tools
  3. Understand how to place a cost (or value) on risks
  4. Determine ways in which risks can be mitigated
  5. Engage management in risk management process

Course Agenda:

  1. The Perfect Project
  2. Classic Definitions
  3. Risk and Uncertainty
  4. Risk and Corporate Culture
  5. The Case For Risk Management
  6. Challenges
  7. Elements of Risk Management
  8. Risk Identification Methods
    • Brainstorming
    • Delphi
    • Interviewing
    • Root Cause
    • SWOT
    • Checklists
    • Assumption Analysis
    • Diagramming
    • SDLC Taxonomy
  9. Qualitative Risk Analysis
  10. Quantitative Risk Analysis
  11. A Monte Carlo Simulation
  12. 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:

Register For Classes

Project Management Consulting

Live Online Classes

Attend our On-Line (Live) classes from the comfort of your home or office (No dress code!). Interact with the instructor and other class participants. See live video of the instructor as they present their presentation slides, video and examples. Two audio options: 1) Through your computer with headset (VOIP), or 2) Dial-in over your phone (additional charge applies)

Project Management Training

Project Management Courses

Recorded Classes

Attend our On-Line (Recorded 24/7) classes from the comfort of your home or office any day at any time – day or night. Take up to 30 days to view.

project management courses

 

Project Management Training

On-site training

These on-site courses – which are available in a public, group format or private, one-on-one training – are an in-depth presentation of the Top Ten Causes of Project Failure, a standard 5-Phase IT Project Life Cycle, and Methodology and Project Management Processes, Techniques, Tips, and Tools.

IT Project Management

IT Project Management

PMP Exam preparation

This 5-day (or 10 half-day) covers everything you’ll need to know to qualify for, take and pass PMI’s PMP exam. Classes are offered live on-line, recorded on-line and on-site at your organization. Study materials and practice questions are available.

project management courses
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