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Project Risk Management

Price: $1,170.00

Call for availability 855-211-9361

The course structure effectively combines introductory lecture and discussion with hands-on application of best practices in project risk management. Students will learn and apply valuable tools, techniques, and processes associated with eliminating and/or minimizing the presence and impact of adverse risk events, or threats. Additionally, participants will learn about processes for capitalizing on positive risk events, or opportunities, that project teams may encounter.

Course Overview

Participants will learn about and practice:

  • Risks in a Project Context
  • Developing a Risk Management Plan
  • Risk Identification
  • Risk Categorization
  • Qualifying Risk Events
  • Risk Prioritization
  • Formulating Risk Response Strategies
  • Risk Monitoring and Controlling
  • Contingency Planning
  • Budgeting for Risk Events
  • Risk Reporting and Closure and more...

Prerequisites

Fundamentals of Project Management

Course Outline

  • Introduction to Project Risk Management

    • Definition and Characteristics of Risk
    • Sources for Risk
    • Stakeholder Analysis and Risk
    • Risk Management Planning
  • Risk Identification

    • Identification Methods
    • Root Cause Analysis
    • SWOT Analysis
    • Risk Categorization
    • Risk Breakdown Structure (RBS)
    • Trigger Events
  • Risk Analysis

    • Risk Qualification
    • Probability Determination
    • Impact Considerations
    • Risk Statement
    • Scoring and Ranking
    • Quantitative Analysis
  • Risk Response Planning

    • Positive Risk Response Strategies
    • Negative Risk Response Strategies
    • Secondary Risks
    • Residual Risks
    • Contingency Planning
    • Risk Budgeting
  • Risk Monitoring and Controlling

    • Risk Management Workshops
    • Reporting
    • Change Control Integration
    • Monitoring Tools and Methods