Project Risk Management_detail

 Project Risk Management is a two-day, instructor-led, training course designed to introduce and apply better risk management practices in the context of projects.

The course structure effectively combines introductory lecture and discussion with hands-on application of best practices in project risk management.  Students will learn and apply valuable tools, techniques, and processes associated with eliminating and/or minimizing the presence and impact of adverse risk events (threats).  Additionally, participants will learn about processes for capitalizing on positive risk events—or opportunities—that project teams may encounter. 

Participants will learn about and practice:

•     Risks in a Project Context	•     Developing a Risk Management Plan
•     Risk Identification	•     Risk Categorization
•     Qualifying Risk Events	•     Quantifying Risk Events
•     Risk Prioritization	•     Formulating Risk Response Strategies
•     Risk Monitoring and Controlling	•     Contingency Planning
•     Budgeting for Risk Events	•     Risk Reporting and Closure

Recommended Attendees

The course will benefit project managers, sponsors, team members, and organizational leaders that want to minimize negative impacts (threats) while maximizing positive events (opportunities) associated with their projects. This course will benefit key project stakeholders in any industry.

Course Outline

I.                    Introduction to Project Risk Management

A.      Definition and Characteristics of Risk

B.      Sources for Risk

C.      Stakeholder Analysis and Risk

D.      Risk Management Planning

II.                  Risk Identification

A.      Identification Methods

B.      Root Cause Analysis

C.      SWOT Analysis

D.      Risk Categorization

E.       Risk Breakdown Structure (RBS)

F.       Trigger Events

III.                Risk Analysis

A.      Risk Qualification

B.      Probability Determination

C.      Impact Considerations

D.      Risk Statement

E.       Scoring and Ranking

F.       Quantitative Analysis

IV.                Risk Response Planning

A.      Positive Risk Response Strategies

B.      Negative Risk Response Strategies

C.      Secondary Risks

D.      Residual Risks

E.       Contingency Planning

F.       Risk Budgeting

 

V.                  Risk Monitoring and Controlling

A.      Risk Management Workshops

B.      Reporting

C.      Change Control Integration

D.      Monitoring Tools and Methods

 

Hands-on Application and Practice

Participants will further expand their knowledge and experience through applied individual and team exercises.  Using a selected organizational case study approach, participants will manage a sample project from initiation to closing through the following exercises:

1.       Project Identification and Selection

2.       Stakeholder and Risk Tolerance Analysis

3.       Risk Identification

4.       Risk Categorization (RBS)

5.       Risk Trigger Analysis

6.       Probability and Impact Analysis (Qualitative)

7.       Quantitative Analysis

8.       Expected Monetary Value

9.       Risk Response Planning

10.   Contingency Planning

11.   Secondary and Residual Risk Analysis

 

 

All Tanden LLC instructors are certified Project Management Professionals (PMP)^® with many years of hands-on project leadership experience in a multitude of industries.

Tanden LLC is a Project Management Institute (PMI) Global Registered Education Provider (R.E.P)