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Risk Management

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Risk Management

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Description:

Risk Management can be described as an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives.  To a Project Manager, this is a fundamental and core practice within the project life cycle. 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 analyze risk in relation to your projects and forecast outcomes in terms of probability.  You will learn 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:

  • Ability to properly identify and qualify project risks
  • Understand how risks can affect your projects and identify actions required to minimize negative outcomes
  • Develop strategies for managing project risk
  • Ability to minimize the efforts required to manage high impact events
  • Begin to use a Risk Management process that can provide immediate impact to schedule and budget expectations

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 those whose role focuses on project management, is dependent on project results, or those who wish to increase their understanding of this key project 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

*Outline:

Objectives of Project Risk Management

Project Risk Management

  • What is Risk Management
  • Types of Risk
  • Risk Management categories and factors
  • Risk Management planning

The Project Risk Management Process

Classroom Case Study

Risk Identification

  • Inputs / Outputs / Tools / Methods
  • Properly identifying / stating risk
  • Classroom Exercise

Qualitative Analysis

  • Inputs / Outputs / Tools / Methods
  • The Risk Matrix
  • Classroom Exercise

Quantitative Analysis

  • Inputs / Outputs / Tools / Methods
  • Decision Tree (EVM) analysis
  • Standard Deviation analysis
  • Probability analysis
  • Classroom exercise

Risk Response

  • Inputs / Outputs / Tools / Methods
  • Classroom exercise

Risk Monitoring

  • Inputs / Outputs / Tools / Methods
  • Why monitor risk
  • Errors in Risk Management

The Nature of Risk

Lessons Learned

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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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