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Course title:
Managing Risk
Duration: 2 days
Credits: 14 PDUs (Professional Development Units)
Description:
Managing Project Risk is a holistic approach to planning,
identifying and managing risk. Central to successful risk management is
communications
Continuous Risk Management
| Function |
Description |
| Organize |
Prepare for how risks will be
identified, categorized, prioritized and managed |
| Identify |
Search for and
locate risks before they become problems |
| Analyze |
Transform risk
data into decision-making information. Evaluate impact, probability,
and timeframe, classify risks, and prioritize risks. |
| Plan |
Translate risk
information into decisions and actions (both present and future) and
implement those actions. |
| Track |
Monitor risk
indicators and mitigation actions. |
| Control |
Correct for
deviations from the risk mitigation plans. |
| Communicate |
Provide
information and feedback internal and external to the project on the
risk activities, current risks, and emerging risks. |
Risk Management for Projects
This unique 2-day course
will provide you with a real-world, step by step approach to using risk
management that you can begin using as soon as you return to your
project.
Managing Project Risk is
designed to give the busy employee an understanding of the nature of
risk, and provides them with the strategies and techniques for
identifying, prioritizing, monitoring and controlling risk. Fully
aligned with the project management standards identified by PMI (Project
Management Institute), Project Risk Management uses experiential
learning to make the course both informative and fun.
Through a two-day
simulation, you manage a project. You use real-world tools and templates
to actively plan for, and monitor and control project risk.
Learning Objectives:
| Upon completion of this
course, attendees will be able to: |
| xxx |
1. Describe the risk management
process. |
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2. Apply risk management techniques
to real-world projects. |
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3. Explain to others why risk
management is so important. |
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4. Speed up their risk management
efforts. |
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5. Apply risk management techniques
to determine the true cost and schedule for a project. |
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6. Save time and money on projects
while still in the project planning stage. |
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7. Demonstrate the impact of
successful projects to the organization. |
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8. Interpret the risk management
section of the PMBOK® Guide for everyday use. |
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9. Avoid common risk management
pitfalls. |
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10. Use common project management
terminology. |
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11. Be more focused and proactive
about preventing problems, rather than just dealing with them
.....as they occur. |
Course Outline:
| xxx |
Inputs To Risk
Management |
| |
xxx |
What do you need before you can
effectively start risk management
How does risk management fit into the project management process
What risk management is and why can it make or break your career
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Applying Risk Management
To Your Real World |
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Risk Management Planning |
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What is it and how to do it properly
Objectives of risk management planning
Common stumbling blocks
Steps for risk management planning
Expected outputs |
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Applying Risk Management
To Your Real World |
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Risk Management Planning |
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What is it and how to do it properly
Objectives of risk management planning
Common stumbling blocks
Steps for risk management planning
Expected outputs |
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Identifying Risk
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Objectives
What is a well defined risk
The cause-risk-effect
Common stumbling blocks
Steps for risk identification
Expected outputs |
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Analyzing Risk
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Prioritizing risks
How to do it
Probability and impact scales
How to determine what risks move forward
Common stumbling blocks
Steps for risk qualification
Expected outputs
Expected Monetary Value and its limitations
Common stumbling blocks
Steps for risk quantification
Expected outputs |
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Responding to Risk
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Objectives
How to do it
Common stumbling blocks
Preventing risks
Preparing to deal with risks
Contingency and fallback plans
Risk owners
Residual risks
Secondary risks
Time and cost reserves
Risk response plans
Proving the value of your risk management efforts to your company
Steps for risk response planning
Expected outputs |
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Risk Monitoring And
Control |
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Objectives
How to do it
Common stumbling blocks
Workarounds
Managing the reserves
Controlling the overall risk of the project
Reporting
Steps for risk response development
Expected outputs |
If you have further questions
please contact us at:
Info@CheshireLearning or 503-675-0400
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