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Increasing Performance through Project Risk Management
This course focuses on improving the project manager’s risk management expertise, from initial planning through project closure.
Proactively identifying and controlling risk greatly increases the accuracy of the project’s scope, schedule, and budget, as well as reduces the amount of time the team spends putting out fires. This course, based on PMI®’s PMBOK® Guide, Sixth Edition, focuses on improving the project manager’s risk management expertise, from initial planning through project closure. Participants apply all course principles to a real-world case study of their choosing.
Upon successful completion of the Increasing Performance through Project Risk Management Training, you will be able to:• Understand Project Scope Mgt. Processes and Key Outputs• Risk Management Benefit and Uses• Initiating and Planning Process Group• Executing Process Group• Monitoring, Controlling and Closing Process Group
Lesson 1: Risk Management Overview· Risk Management Benefit and Uses· Project Risk Management· Project Management Life Cycle· Case Study SelectionLesson 2: Initiating Process Group· Initiating Process Group Overview· Develop Project Charter· Identify Stakeholders· Project Selection Criteria· ROI Analysis· ROI Methods· Risk Complexity Index· Project SelectionLesson 3: Planning Process Group· Planning Process Group Overview· Scope Risks· Schedule Risks· Resource Risks· Plan Risk Management· Identify Risks1. Delphi Technique2. Subject Matter Expert Input3. Brainstorming4. Fishbone Diagrams5. Process Analysis6. Five Whys7. Influence Diagrams8. Risk Breakdown Structure (RBS)9. Risk Register· Perform Qualitative Risk Analysis1. Probability and Impact Assessment2. Probability and Impact Chart· Perform Quantitative Risk Analysis1. Three-point estimates2. PERT3. Triangular Distributions4. Outlier Considerations5. Geometric Mean6. Normal Distributions Methods7. Tornado Diagrams8. Expected Monetary Value (EMV)9. Monte Carlo
· Plan Risk Responses1. Risk Response Strategies2. Overall Project Risk3. ChecklistsLesson 4: Executing Process Group· Executing Process Group Overview· Implement Risk Responses1. Update Risk ReportLesson 5: Monitoring and Controlling Process Group· Monitoring and Controlling Process Group Overview· Control Risks1. Project Monitoring2. Longer ProjectsLesson 6: Closing Process Group· Closing Process Group Overview· Close Project or Phase1. Risk Activities During Closing Process Group2. Post-Project Risk Assessment
Certified Associate in Project Management (CAPM)Agile Certified Practitioner (PMI-ACP)Project Management Professional (PMP) Certification
To ensure that you benefit fully from this course, you should have experience managing, leading, or contributing to projects. A PMI project-management credential such as PMP® or CAPM® is recommended but not required.
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