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