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Overview

Avoid project catastrophe by developing expertise in 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.

Audience

Risk forms a part of the everyday running of any business or organisation, therefore, the study of its anticipation and management is relevant for all individuals and organisations wishing to develop their awareness in this area.

Skills Gained

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

Prerequisites

Do not take this course if you have taken IT Risk Management
Project Management Fundamentals
IT Project Management
Applied Project Management

Outline

Risk Management Foundations:
Definition of a plan
Definition of risk and risk management
Risk management and project success
Project management life cycle
Strategic Risk Reduction:
Project success factors
Stakeholder analysis
Balancing constraints within a plan
Assessing project riskiness
Importance of formal planning
Execution Risk Reduction:
Risk management plan
Risk identification techniques
Qualitative risk analysis
Quantitative risk analysis
Risk response planning
Monitoring and Controlling Risk:
Protecting the plan
Change controls
Responding to risks
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

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Thinking about Onsite?

If you need training for 3 or more people, you should ask us about onsite training. Putting aside the obvious location benefit, content can be customised to better meet your business objectives and more can be covered than in a public classroom. Its a cost effective option. One on one training can be delivered too, at reasonable rates.

Submit an enquiry from any page on this site and let us know you are interested in the requirements box, or simply mention it when we contact you.

All $ prices are in USD unless it’s a NZ or AU date

SPVC = Self Paced Virtual Class

LVC = Live Virtual Class

Management of Risk

M_o_R Course

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Course Dates

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Please Note: All courses are availaible as Live Virtual Classes

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