Project Risk Management
This 3-day project management course focuses on assessing and managing project risks. It presents a four-step methodology to identify, analyze and manage risks. You will also learn specific risk measurement techniques and response strategies.
Seminar Outline
Project Risk Management Process
Why risk management?
Definition of risks
Types of risks
Three elements of risks you must identify
Four components of risk management process
Establishing a Risk Management Process
Identification
Evaluation
Response development
Response control
Risk Identification
Idea generation tools and techniques
Financial risks
Schedule risks
Technical risks
Risk Evaluation
Determining risk tolerances
Tools and techniques for risk quantification
Decision trees
"Expected Monetary Value" analysis
Monte Carlo simulations
Risk prioritization techniques
Risk Response Development
Response strategies
Tools and techniques for risk response development
Risk avoidance
Probability minimization
Impact minimization
Contingency planning
Implementing Risk Management Strategies
Risk management plan
Communicating risks
Decision-making process
Risk monitoring and control