Show findcourses.com as: Mobile

Managing Project Risk

Procept Associates Ltd.
Training overview
Professional Course
1 or 2 days

Course description

Managing Project Risk

This 2-day course explores quantitative and qualitative techniques to identify and analyze project risk factors (risk event, event probability, and event impact). A variety of risk response choices are discussed, and risk identification and risk response are practiced in workshop groups. Quantitative techniques are applied to problems, but don’t worry, advanced mathematics is not used!

Who should attend?

The Managing Project Risk course is appropriate for individuals who are:

  • Project Managers and team members who already work in a well established project management environment but wish to improve their project risk management processes.
  • Members of a project team looking to “jump-start” their risk management on a new and risky project.

Prerequisite

3-day Project Management Essentials (or its equivalent).

Training content

Introduction

  • Risk factors
  • Workshop - lessons learned

Risk Management Process

  • Risk identification
  • Workshop - stakeholders
  • Risk classification systems
  • Workshop - risk identification
  • Risk quantification
  • Risk tolerance
  • Workshop - risk tolerance
  • Risk response development
  • Avoidance, mitigation
  • Transfer, acceptance
  • Contingency in budget
  • Contingency in schedule
  • Contingent response
  • Workshop - risk responses
  • Risk management plan

Risk Tools

  • Facilitative tools
  • Video & discussion - groupthink
  • Workshop - affinity diagram
  • Probability & statistics
  • Monte Carlo simulation
  • Software demonstration (Risk +)
  • Expected monetary value
  • Exercise - payoff tables
  • Decision trees
  • Exercise - decision tree
  • Critical path network
  • Workshop - candidate responses

Wrap-Up

  • Exercise - project environments
  • Wrap-up

Certification / Credits

Credits: 7 or 14 PDUs/CEUs

Learning Objectives

Participants will gain practical skills to:

  • Apply a common framework of project risk management of the Project Management Institute.
  • Value the importance of including risk management in project planning and execution.
  • Facilitate team discussions to identify project risks and opportunities, and formulate risk responses.
  • Use expected monetary value.
  • Describe other techniques such as decision trees, Delphi method, and Monte Carlo simulation, and when they are applicable.
  • Analyze risks and select response strategies appropriate to priorities and organization risk tolerances.

About Procept

Procept Associates Ltd.

Since 1963, Procept (and its subsidiaries) have trained over 1 million people from over 17,000 organizations. We focus on developing competencies in project management, change management, agile management, leadership, business analysis, IT and data management, as well as soft skill...


Read more and show all training delivered by this supplier

Contact this provider

Fill out your details to find out more about Managing Project Risk.

  Contact the provider

  Get more information

  Register your interest

Country *

Contact info

Procept Associates Ltd.


 Show phone number


Contact provider

Have a question about this course? Fill out this form and the provider will get in touch with you shortly

Training reviews

No reviews available

Need help with your search?

findcourses.com offers a free consultancy service to help compare training for you and your team

Request a free quote

Request a free training quote