Managing Project Risks
Seminar Overview
he ability to identify, quantify, anticipate, and manage risks not only significantly improves the solidity and viability of any project plan, it also improves the project manager’s ability to communication with and manage expectations of all key project stakeholders.
This seminar uses the PMI PMBOK® Guide risk management knowledge area to structure a risk management strategy and architecture. Learn now to quickly identify risks, including technical, political, organizational, and environmental. Discover simple techniques for filtering out which risks require further analysis and which don’t. Examine how to determine the true impact of risks, both positive and negative, and, determine the root cause, and probable outcomes. Create strategies for exploiting positive risks and avoiding/mitigating negative risks. Finally, use these techniques to manage, communication, and establish realistic expectations with key project stakeholders.
Who Should Attend
This seminar is intended for trained and experience project managers, PMO members and project specialists, looking to improve the reliability of their project plans, improve expectations of key stakeholders, or handle high-risk projects.
What's Covered
- Risk identification techniques
- Delphi Technique
- Decision trees
- Monte-Carlo analysis
- Reserve analysis
- Cause-effect diagrams
- Nominal group technique
- Risk registers
- Contingency planning
- Risk Breakdown Structure
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Your Benefits
- Know which risks you should spend time on, and which ones you shouldn’t
- Determine the true impact of important risks
- Exploit opportunities
- Establish sufficient reserves for risks
- Improve stakeholder expectations
- Improve stakeholder communication
- More solid project plans
- Catch urgent risks quickly
- Avoid previous mistakes
- Make more solid project plans
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Syllabus
1. The Risk Management Plan
In this introductory module, we examine the structure of formal project risk management procedures and overlay that structure on our basic project management framework.
2. Risk Identification
A variety of techniques are available for risk identification. This module presents both techniques and common areas where risks exist.
3. Risk Triage
Once our risks are identified, we determine which ones require further analysis and which ones require immediate handling.
4. Risk Quantification
Formally quantification aids us in determining how we should handle our risks. This module presents formal technologies for determining the true impact of our risks.
5. Risk Response Planning
Risk response planning prepares ourselves, our team, and our stakeholders for what may come. Many current risk management techniques allow for both positive and negative risk management. In this section, we examine techniques for handling both risk types.
6. Risk Monitoring and Control
With our plans in place, we’re now able to run our project and manage our risks. In this module, we examine the risk monitoring cycle, how to determine when risks are becoming active, and how to track our reserves.
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