COURSE OBJECTIVE:
• 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
TARGET AUDIENCE:
Associate project managers, project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, and program managers.
COURSE PREREQUISITES:
• Do not take this course if you have taken IT Risk Management
• Project Management Fundamentals
• IT Project Management
• Applied Project Management
COURSE CONTENT:
• 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
FOLLOW ON COURSES:
Quality for Project Managers
Project Management, Leadership, and Communication