Duration: 1 Day

PDUs: 7

CEUs: .7

Audience:

• Leaders
• Project Managers
• Team Members

• 
  Classroom Delivery

• 
  Virtual Delivery

Description

The project risk management course describes and details the processes needed to effectively manage project risks. The course is organized around the six-step risk management process described in the “Project Management Body of Knowledge (PMBOK^®),” 4^th Edition. Understanding is deepened through instruction and hands-on practice drawn from CPM^®’s Project Process Architecture™ (PPA™).

Objectives

• Provide each student with a basic understanding of project risk management and how to apply it in the workplace
• Gain a sound understanding of the nature of project risk and the project risk management process
• Learn how to lay out a plan for managing risk
• Learn a number of ways to identify risk
• Learn how to use a “risk register” to document what is learned about risk throughout the project lifecycle
• Learn how to do “qualitative risk analysis” in order to identify the risks that pose the highest threats, or the greatest opportunities, to the project
• Gain general knowledge about several types of “quantitative risk analysis” techniques that are available to probe more deeply into specific risks; learn the specifics of two of these techniques for later use on the job
• Learn how to develop proactive responses to the risks that you identify, including such responses as avoidance, mitigation, and transference
• Learn how to monitor and control risks throughout the lifetime of a project
• Preparation of a risk management plan
• How to probe deeply for those things that may pose a risk to projects
• How to rank-order those risks in terms of their likely influence on project objectives
• How to use expected monetary value and decision trees in quantitative risk analysis
• How to plan and execute effective responses to the risks that are identified throughout the project lifecycle