Business Skills - Risk Management
This course is designed for project managers who want to proactively reduce the probability of project failure. In this course, you will learn to use proven approaches and techniques specific to risk management. You will learn to plan and analyze projects so as to minimize risk in a formal environment. You will identify, analyze, and address uncertainty throughout the project lifecycle and incorporate lessons learned and industry best practices related to risk management. You will apply PMI risk management processes in a practical way to eliminate, mitigate, and minimize threats while maximizing and optimizing opportunities.
Duration: 30-35hrs
Course Content:
1. Risk Management Foundations
- Definition of a plan
- Definition of risk and risk management
- Risk management and project success
- Project management life cycle
2. Strategic Risk Reduction
- Project success factors
- Stakeholder analysis
- Balancing constraints within a plan
- Assessing project riskiness
- Importance of formal planning
3. Execution Risk Reduction
- Risk management plan
- Risk identification techniques
- Qualitative risk analysis
- Quantitative risk analysis
- Risk response planning
4. Monitoring and Controlling Risk
- Protecting the plan
- Change controls
- Responding to risks
5. Value of Lessons Learned
- Capturing and employing lessons learned
- Current methods of managing uncertainty based on lessons learned
6.Hands-On Activities:
- Determine sources of project risk by category
- Assess overall project risk
- Identify and categorize risk
- Perform qualitative risk analysis
- Perform quantitative risk analysis
- Plan risk responses
- Involve stakeholders