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Advanced Project Risk Management


Location Start date End date Fees Inquire Register
London 23.12.2024 27.12.2024 5,100 $ Inquire now Register

Course Objectives:

The program is designed to provide practicing project managers, program managers, technical leaders and owner/sponsors with the skills and knowledge to successfully manage risk throughout the project cycle.

Course Outlines :

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