Prerequisites

In order to understand and apply the concepts and techniques discussed in this course, students should have a solid understanding of Project Performance Baseline and the Triple Constraint, project scope definition & development (including WBS and control); the project schedule (its purpose, development, and monitoring); and project budget (parameters, development, and allocation).

Students who do not have an understanding of these concepts should consider taking some of the introductory Project Management courses.

Overview

Project Risk Management course provides students with an understanding of a broad range of risk management tools and techniques, as well as immediately applicable strategies for dealing with project risks.

Developed from a practitioner's point of view, this course covers the practical as well as the theoretical side of project management. Students are provided with tools, techniques and materials from a wide variety of sources that will enhance their knowledge and expertise as a project manager.

In this course, students will learn about:

• Determine what is project risk and what is not
• Identify risks
• Analyze risks
• Respond to and document risks
• Risk Quantification Matrix & Risk Analysis Tools/Techniques

Duration

1 day

Topics

• Course introduction
• What is truly "Project Risk," and what is not?
  • What is truly "Project Risk," and what is not?
  • Establishing a risk management planning strategy
  • Recognizing risk categories
  • Establishing risk roles and responsibilities
  • Recognize how project participants view risk differently
• Risk identification
  • Risk identification
  • Identifying Sources of Risk
  • Applying risk identification techniques
  • Qualifying identified risks
  • A mathematical approach to risk identification and quantification
• Risk assessment and analysis
  • Risk assessment and analysis
  • Differentiating between qualitative and quantitative analysis
  • Applying risk probability principles
  • The intermediate risk analysis process
  • Utilizing qualitative risk analysis tools and techniques
  • Quantitative risk analysis tools and techniques
• Risk response and documentation
  • Risk response and documentation
  • Applying risk response strategies
  • Recognizing the value of risk documentation
  • Enforcing project risk standards
• The Course Project
  • The Course Project
  • Applying project risk identification techniques
  • Applying project risk analysis techniques
  • Applying project risk response techniques