Courses

Introduction

• Key definitions
  • Advanced Project Management Body Of Knowledge (PMBOK® Guide )
     risk management processes
• Project risk management goal
• Purpose of Advanced risk management
• Benefits of risk management
• Responsibilities in risk management
• Integrating risk management into the project management process
• Components of risk
• Types of risk
• Six steps of risk management
• Plan the approach to risk management
• Risk Identification
• Risk Assessment & Quantification
• Risk Response Plan Development
• Risk management plan execution
• Evaluating risk response results

Risk Planning (Step 1)

• Plan the approach to risk management
• Planning inputs, tools & outputs

Risk Identification (Step 2)

• Identification inputs & tools
• Identification guidelines
• Risk identification techniques
• Risk categories
• Risk identification outputs

Review of Cost & Schedule Estimating in Relation to Risk

• Cost estimating classes & types
• Cost estimating methods
• Adjustment of cost estimates
• Accuracy, allowances, contingency & management reserve
• Work Breakdown Structures (WBS)
• Schedule diagramming - critical path method (CPM)
• Resource management
• Earned value method (EVM)
• Baselining

Risk Assessment & Quantification (Step 3)

• Risk analysis inputs
• Risk analysis guidelines
• Probability analysis
• Impact analysis
• Risk analysis approaches - qualitative & quantitative
• Risk analysis tools & techniques
• Statistical sums in risk analysis
• Program Evaluation & Revue Technique (PERT)
• Monte Carlo simulation
• Decision trees
• Project risk rating & prioritizing
• Risk analysis outputs

Risk Response Plan Development (Step 4)

• Risk response development inputs, tools & techniques
• Risk response strategy guidelines
• Response strategies for threats
• Response planning & network diagramming
• Response analysis
• Alternative responses
• Reserves - contingency & management
• Response planning outputs

Risk Response Control

• Risk management plan execution (Step 5)
• Risk response control tools
• Risk response control guidelines
• Risk strategy execution
• Evaluating risk response results (Step 6)
• Risk documentation
• Project Environment & Contract Risks
• Stakeholder influence
• Managing project environment risks
• Contracting strategies
• Contract risk sharing
• Types of contracts and risks