Risk Management

This course is designed for project managers who want to proactively reduce the probability of project failure. In this course, you will learn to use proven approaches and techniques specific to risk management. You will learn to plan and analyze projects so as to minimize risk in a formal environment. You will identify, analyze, and address uncertainty throughout the project lifecycle and incorporate lessons learned and industry best practices related to risk management. You will apply PMI risk management processes in a practical way to eliminate, mitigate, and minimize threats while maximizing and optimizing opportunities.

Students pursuing a university-recognized and/or accredited certificate in Canada or continuing education units in the US must attend at least 90% of class time, participate in class exercises and section-knowledge checks, and score at least 70% on an end-of-class, multiple-choice assessment.

PMI is a registered mark of the Project Management Institute, Inc.

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Assess overall project riskiness
Manage uncertainty in terms of both opportunities and threats
Role of a risk management plan
Risk within an execution strategy
Conduct qualitative risk assessments in order to rank risks
Conduct quantitative risk assessments in order to adequately budget for uncertainty
Develop risk response plans for significant risks
Monitor and control uncertainty during execution
Ensure success by understanding the role of a risk management plan and lessons learned

Viewing outline for:

Classroom Live Outline

1. Risk Management Foundations

Definition of a plan
Definition of risk and risk management
Risk management and project success
Project management life cycle

2. Strategic Risk Reduction

Project success factors
Stakeholder analysis
Balancing constraints within a plan
Assessing project riskiness
Importance of formal planning

3. Execution Risk Reduction

Risk management plan
Risk identification techniques
Qualitative risk analysis
Quantitative risk analysis
Risk response planning

4. Monitoring and Controlling Risk

Protecting the plan
Change controls
Responding to risks

5. Value of Lessons Learned

Capturing and employing lessons learned
Current methods of managing uncertainty based on lessons learned

Hands-On Activities:

Determine sources of project risk by category
Assess overall project risk
Identify and categorize risk
Perform qualitative risk analysis
Perform quantitative risk analysis
Plan risk responses
Involve stakeholders

Do not take this course if you have taken IT Risk Management.

Associate project managers, project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, and program managers.

This course qualifies you for the following PMI® Professional Development Units (PDUs):

Strategic and Business Management = 6
Technical Project Management = 15

Total = 21

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Risk Management

Course Overview

Schedule

What You'll Learn

Outline

Classroom Live Outline

1. Risk Management Foundations

2. Strategic Risk Reduction

3. Execution Risk Reduction

4. Monitoring and Controlling Risk

5. Value of Lessons Learned

Hands-On Activities:

1. Risk Management Foundations

2. Strategic Risk Reduction

3. Execution Risk Reduction

4. Monitoring and Controlling Risk

5. Value of Lessons Learned

Hands-On Activities:

Prerequisites

Who Should Attend

PDUs

Follow-On Courses

Course Delivery