Public Class Offerings |
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Please contact us for this information.
Schedule a private class at your facility or ours.
Contact us for more information.
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Overview |
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Even more than scope creep, what is the one word that strikes the most fear into the heart of every project manager? Risk. Risk can and does happen on every single project that has ever been run; but often sponsors don’t want to hear about risk, or they just pay lip service to it. Yet if risks are ignored, they can sink even the best-planned projects. What’s a project manager to do?
This course takes participants through the risk management process of planning for, identifying, quantifying, and responding to risks throughout the project. It follows the processes outlined in the PMBOK® Guide, Fourth Edition, using a case study and numerous workshops to practice the concepts. Document inspections occur throughout. |
Length |
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1 day - 7 PDUs - .7 CEUs* |
Objectives |
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- Define common terms, such as risk, reserves, contingency, mitigation, quantification, expected monetary value.
- Develop a risk management plan.
- Use industry-accepted tools, such as risk register, risk work breakdown structure (RWBS), and risk matrix.
- Develop strategies for reassessing and controlling risks throughout the project
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Audience |
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The course is primarily targeted at those who already possess a basic knowledge of project management. While these will primarily be Project Managers the course will also be of benefit to Business Analyst, Program Managers, and Business Managers who wish to increase their understanding of this key business skill. |
Format |
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To assimilate the tools and techniques learned, there is a mixture of individual and team exercises throughout the course. A robust case study helps reinforce concepts learned. Students will need to be prepared for a high level of participation. Each participant will receive a comprehensive student guide complete with examples and workshop solutions. |
Content |
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- The Nature of Risk
- Differentiating Between Risks and Uncertainties
- Risk Management Model
- The Risk Management Plan And Its Components
- Categories of Risk and why they are important
- Identifying and Classifying Risk
- Differentiating Risks from Issues
- Using Expected Monetary Value to Deal with Schedule and Budget Risk
- The Risk Wheel: Analyzing Different Types of Risk
- Risk Assessment Tools
- Probability and Impact Analysis
- Risk Response Techniques and Contingency Planning
- Issue Management
- The Iterative Nature of Risk Management
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Pre-requisites |
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Students enrolling in this course must have a good basic understanding of and experience in the project environment. |
Public Class Tuition |
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$695.00
Contact us for private class pricing.
* Students may earn .7 CEUs from Auburn University for this course. An additional charge applies. |
Skill
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Intermediate |
PMBOK® Guide Knowledge Areas |
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Project Risk Management |
BABOK® Knowledge Areas |
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Requirements Planning & Monitoring |
Related Courses |
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