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Advanced Project Risk Management
…Working with Uncertainly in Projects
Have you been: 'Surprised' by unplanned events during
your projects? Are you and your project team frequently “fighting
fires?” Well, you are not alone. Uncertainty exists in any
project environment. While it may not be possible to predict
project outcomes with 100% certainty, you can influence the
outcome, avoid many potential risks and be ready to calmly and
efficiently respond to unavoidable challenges instead of
reacting to them, possibly making things worse. With the proper
knowledge and practical planning, risk can be identified,
assessed, planned, for, and controlled.
The goal of this course is to teach the specific knowledge
needed to set up risk management in your projects, and implement
risk management process to achieve consistent and predictable
results in organization where a higher level of risk management
is required.
Prerequisite
Basic understanding of project management
Course Level
Intermediate/Advanced
Duration
2 Days
Who should attend?
Among those who can benefit from this course
includes:
- Project Managers
- Program managers
- Managers of managers
- Team members working on high risk projects
Performance Focus
- Risk Planning
- Risk Identification
- Risk Assessment
- Risk Response Planning
- Risk control
What You Will Learn
- Demonstrate to others how the A Guide To The Project Management Body Of Knowldege (PMBOK® Guide) Project Management Institute Inc., 2008 risk
management processes apply to your project environment,
especially for high risk projects
- Adapt these processes for a particular high risk project
teams operating principles
- Explain the importance of using risk management best
practices at single and enterprise project levels
- Lead an initiative to implement risk management best
practices in your project environment
Content
Basic Outline of the Course:
Foundation Concepts
Definitions of risk
Risk management process overview
Characterization of high risk project
Classical causes of project failure
Risk Management Planning
Project management governance
Portfolio management and project risk
Organization management and project risk
Process management and project risk
Risk management planning for high-risk project
Risk Identification
Risk Identification process
Collecting risk events practically and immediately
Confirming and structuring risk events for treatment
Initial risk treatment options
Qualitative Risk Analysis
Qualitative risk analysis for high risk projects
Accelerating risk analysis
Clearing risk action
Ensuring an effective qualitative risk analysis process |
Quantitative Risk Analysis
Quantitative risk analysis for high-risk projects
Foundation quantitative analysis concepts – probability
Using discrete quantitative tools
Ensuring an effective quantitative risk analysis process
Risk Response Planning
Risk response planning for high-risk projects
Active risk response strategies
Risk acceptance via contingency planning and reserves
Ensuring and effective risk response planning process
Risk Monitoring and Control
Risk monitoring & control for high-risk projects
Risk plan maintenance
Risk assessment
Ensuring effective risk monitoring and control process
Recap & Closing |
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