Project Risk Management Training
(FW941)
2 Day Course
This seminar focuses on the uncertainty that surrounds any project. Project Risk Management is designed to have the participant learn core project risk management concepts and best practices, and learn tools that are used to proactively manage project risk. During the course, “best practices” will be introduced, and put into context through various exercises, scenarios, and case studies.
- Discuss the processes of Project Risk Management and a project managers role in this activity.
- Discuss why projects are unsuccessful due to inadequate risk management, and how project teams can address this shortcoming.
- List and discuss the impact risks have on project success criteria and common categories for project risk.
- Discuss the process for developing a Risk Management Plan.
- Discuss techniques for identifying a projects risks.
- Discuss techniques assessing and analyzing risks, both qualitatively and quantitatively.
- Compare different risk response strategies for proactively dealing with both threats, but also opportunities.
- Identify techniques for proactively monitoring and dealing with risk throughout the project life cycle.
- Use Lessons Learned regarding risk management to continuously improve the Risk Management Plan.
Introduction to Project Risk Management - Session Overview
- Introductions
- Course Objectives
- Exercise — The Domino Project
Project Risk Management - What is a Project Risk?
- Risk Management vs. Issues Management
- What Happens if you don’t Manage Risks?
- Exercise — Identify typical project risks
- Practical Risk Management Guidelines
- Process Model for Project Risk Management
- PMBOK® Guide Project Risks Management Processes
- Sample Project – Case Study
Risk Management Planning - Project Subsidiary Management Plans
- Components of a Risk Management Plan
- Risk Utility
- Risk Management Planning Meeting
- Typical Project Risk Categories
- The Risk Breakdown Structure
- Exercise– Develop a Risk Breakdown Structure
- Meeting Guidelines
- Exercise– Risk Management Planning Meeting
Risk Identification - Process Approach to Risk Management
- Risk Identification tools and techniques
- Brainstorming
- Crawford Slip Adaptation
- Risk Syntax
- The Risk Register
- Exercise — Identify Project Risks
Project Risk Assessment - Why Assess and Rank Risks?
- Risk Assessment
- Frequency or Risk Assessments
- Qualitative Risk Analysis
- Risk Probability of Occurrence
- Risk Impacts to Project Objectives
- Using a Probability Impact Grid (PIG)
- Exercise — Assess Project Risks using a PIG
- Quantitative Risk Analysis
- Tools and Techniques for Quantitative Risk Analysis
- Sensitivity Analysis
- Expected Monetary Value (EMV) Analysis
- Decision–Tree Analysis
- Exercise — Perform a Decision–Tree Analysis
- Monte Carlo Simulation
- Demo — Monte Carlo Simulation
Risk Response Planning - Risk Response goals
- Risk Response Tools and Techniques
- Responses for Threats
- Responses for Opportunities
- Acceptance as a Response
- Risk Response Strategies
- Risk Triggers
- Residual Risks
- Secondary Risks
- Contingency Reserves
- Developing the Risk Response Plan
- Exercise — Develop a Risk Response Plan
Risk Monitoring and Control - Risk Monitoring
- Risk Control
- Risk Monitoring and Control Tools and Techniques
- Risk Audits
- Variance and Trend Analysis
- Reserve Analysis
- Status Meetings
- Tracking and Reporting on project risk
- Exercise — Perform a Risk Re–Assessment
Continuous Improvement - Lessons Learned
- Improving the Risk Management Plan
- Project Issues
- Issues Management
- Process Flow for Issues Management
- Capstone Exercise — Perform Risk Management Activities on a short case study
- Course Summary
- Course Review
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Pre-Class
- Verify your learning Objectives
During-Class
- Capture Tools, Q&A, demos and white boards
- Screen Sharing
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- Feedback on Lab work
- On-the-fly Adjustments to meet your needs
After-Class
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| Onsite Setup Instructions
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Computer Hardware and software is not required for this class. Workshops will be team based and a workbook will be provided to capture the participants work.
The instructor will require projection equipment that is capable of projecting the instructors monitor onto a screen clearly visible by all students participating. A whiteboard and at least two flip chart easels, along with dry erase and flip chart markers, should be available in the room.
Tables should be arranged in pods to accommodate teams of 3-5.
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| Remote Access Available
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Project Risk Management Training is now available as a remote access course.
You can now take open enrollment courses in our Los Angeles and Boston facilities without traveling. Remote Access to our ongoing schedule of instructor-led courses will allow you to fully participate real-time in expert-level lectures, demos and labs that have made DevelopMentor a leader in software development training. We've added new collaboration tools and prepared our instructors for remote students in class so you will be fully engaged in the learning process.
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| Mentoring
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Quickly assimilate what you learn in Project Risk Management Training and apply it to your project by taking advantage of our Mentoring services.
Our dedicated mentors facilitate your team's development. We add value to your business by enhancing the talent of your employees and maximizing their productivity. Mentors integrate the methodologies, technologies and practical experiences of the classroom through an on-the-job and on-the-project experience that produces real-world results.
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| Onsite
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Project Risk Management Training is also available as an onsite course.
If you have a group of people to train, an on-site course, delivered at your facility may be the most cost-effective solution for you. Our staff will work with your team to plan and produce the best possible result based on your team's size, experience levels, project needs and longer-term goals. We can structure a training course, or broader program, tailored to meet the specific needs of your organization. We'll make sure that any lab exercises run on the platform you use and we can tailor the lab exercises to be appropriate to your business. If you prefer to focus on just the pure technological principles, we can also deliver courses at your facility following the same format as our public curriculum.
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| About the Author
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