Project Risk Management

2 Days

12 CPD hours

This course is designed for all project managers and project team leaders.

At course completion, students will be able to identify, analyze, respond to, and control project risks.

This course focuses on improving the project manager?s risk management expertise, from initial planning through project closure. Participants will apply all course principles to a work-related case study taken directly from their work environment.

Risk Management Overview

• Risk Management Benefit and Uses
• Project Risk Management
• Project Management Life Cycle

Initiating Process Group

• Initiating Process Group Overview
• Develop Project Charter
• Identify Stakeholders
• Project Selection Criteria
• ROI Analysis
• ROI Methods
• Risk Complexity Index
• Project Selection

Planning Process Group

• Planning Process Group Overview
• Scope Risks
• Schedule Risks
• Resource Risks
• Plan Risk Management
• Identify Risks
• Delphi Technique
• Subject Matter Expert Input
• Brainstorming
• Fishbone Diagrams
• Process Analysis
• Five Whys
• Influence Diagrams
• Risk Breakdown Structure (RBS)
• Risk Register
• Perform Qualitative Risk Analysis
• Probability and Impact Assessment
• Probability and Impact Chart
• Perform Quantitative Risk Analysis
• Three point estimates
• PERT
• Triangular Distributions
• Outlier Considerations
• Geometric Mean
• Normal Distributions Methods
• Tornado Diagrams
• Expected Monetary Value (EMV)
• Monte Carlo
• Plan Risk Responses
• Risk Response Strategies
• Overall Project Risk
• Checklists

Executing, Monitoring and Controlling Process Groups

• Executing Process Group Overview
• Monitoring and Controlling Process Group Overview
• Control Risks
• Project Monitoring
• Longer Projects

Closing Process Group

• Closing Process Group Overview
• Close Project or Phase
• Risk Activities During Closing Process Group
• Post-Project Risk Assessment