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Risk Management

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Risk Management



Risk is defined as exposure to the chance of loss. To a Project Manager, this is the world of project life. Every project experiences risk; but how risk is understood, identified and managed can help pave the way to success.6-PDU-LOGO-WEB

This practical, hands-on program will give you the techniques to understand, define and identify risks to your projects. You’ll also learn to consider the total costs of risk in relation to your projects and real solutions to handle and mitigate project risk. If you’re involved in projects, you cannot afford to miss this program. You'll gain a fundamental understanding of the Risk Management Process and how it applies to your work.

Learning Points:

  • Gain skills to identify and define risk to projects
  • Understand how to respond to different project threats
  • Develop strategies for planning for and mitigating risk

I learned a lot about how to set up the format for a risk profile. It is helping me tremendously in my day to day operations. Love these classes and working on a certificate.

Jay Doshier, Siemens Energy, Inc.

Designed For:

This course will benefit anyone in production, marketing, project management, finance, business analysis, management, accounting, engineering and R & D who wish to increase their understanding of this key business skill.

"Mike Green's understanding of theoretical project management was coupled with his experience in the real world. His guidance was very helpful."

Ryan Tandy, RedGuard, Wichita, KS

"Good instructor, very good breakout exercises and conversation.  Instructor was very knowledgeable & provided good examples of real world application. Helped relate new material to material/tools which you may already possess. Condensed class encourages focus to drill into the core concepts and forces you to apply the skills, knowledge being obtained in a friendly environment of peers and local community.  This setting also provides opportunity to build relationships with local business/professionals."

Ravon Kirkendoll, BG Products



  • Types
  • Six classes of risk
  • Risk management defined
  • Sources of internal risk
  • Sources of external risk
  • Basic tenets of risk

Objectives of risk management

  • Before, During and After the loss

Costs of risk

Logical classifications of risk

  • Property
  • Human resources
  • Liability
  • Net income

Risk analysis

  • Qualitative

    • Risk assessment
    • Financial assessment
    • Loss Data assessment

  • Quantitative Analysis
  • Loss projections
  • Cash discounting/net present values
  • Cost benefit analysis
  • Costs of risks calculations

Frequency and severity

  • Define
  • Correlation and decision

Risk control

  • Pre loss
  • Post loss
  • Risk identification methods:

    • Checklists
    • Flowcharts
    • Insurance policy analysis
    • Physical inspection
    • Net income
    • Financial statement analysis
    • Compliance review
    • Contract identification and analysis
    • Policy and procedures review
    • Experts

Risk financing

  • Retention
  • Transfer

    • Non-insurance transfer
    • Insurance

Risk taking nature and ability

  • Tolerance for risk
  • Retention amounts

Risk management administration


The PMI Registered Education Provider logo is a registered mark of the Project Management

Institute, Inc.  A Guide to the Project Management Body of Knowledge, (PMBOK® Guide) -

Fifth Edition, Management Institute, Inc. 2013 Copyright and all rights reserved. Material

from this publication has been reproduced with the permission of PMI.

Talent Triangle values:

  • PMP/PgMP: 3.5 Technical  1.5 Leadership  1 Strategic
  • PMI-ACP: 0 Technical  1.5 Leadership  1 Strategic
  • PMI-SP: 0 Technical  1.5 Leadership  1 Strategic
  • PMI-RMP: 3.5 Technical  1.5 Leadership  1 Strategic
  • PfMP: 0 Technical  1.5 Leadership  1 Strategic
  • PMI-PBA: 0 Technical  1.5 Leadership  10 Strategic

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