Increasing Performance through Project Risk Management

Proactively identifying and controlling risk greatly increases the accuracy of the project’s scope, schedule, and budget, as well as reduces the amount of time the team spends putting out fires. This course, based on PMI®’s PMBOK® Guide, Sixth Edition, focuses on improving the project manager’s risk management expertise, from initial planning through project closure. Participants apply all course principles to a real-world case study of their choosing.
035903
2 days
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This course is intended for:

· Project managers, project team leads, and project team members (with or without a currently-active PMI certification) who want to gain a deeper understanding of and hands-on experience with project risk management tools, techniques, and outputs, as documented in the PMBOK® Guide, Sixth Edition.

· Professionals who hold current PMP®, PgMP®, or other PMI credentials, who wish to earn Professional Development Units (PDUs) to maintain their PMI certification.

 

This course is not intended as direct preparation for any PMI certification exam.

To ensure that you benefit fully from this course, you should have experience managing, leading, or contributing to projects. A PMI project-management credential such as PMP® or CAPM® is recommended but not required.

Author

 Brian Salk, PhD, PMP®, PMI-ACP®, has over 30 years of experience, specializing in hands-on traditional and agile project management, training, and consulting. He manages a variety of consulting and training programs and projects for his organization and for a number of Fortune 500 customers. His global clientele includes organizations in North America, South America, Europe, and the Middle East. In addition to authoring courses, Dr. Brian frequently delivers project-management certification training (e.g., PMP®) and project-management best practices training. He is a four-time winner of the prestigious Worldwide Excellence in Training award from a global training organization, recognizing the 25 highest-rated instructors from a network of over 2,400. Dr. Brian earned his PhD from Fielding Graduate University in the field of Human and Organizational Systems, with a focus on effective methodologies related to project management education, and his Masters of Arts (Education) from the University of Michigan.

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Lesson 1: Risk Management Overview

Risk Management Benefit and Uses

Project Risk Management

Project Management Life Cycle

Case Study Selection

Lesson 2: Initiating Process Group

Initiating Process Group Overview

Develop Project Charter

Identify Stakeholders

Project Selection Criteria

ROI Analysis

ROI Methods

Risk Complexity Index

Project Selection

Lesson 3: Planning Process Group

Planning Process Group Overview

Scope Risks

Schedule Risks

Resource Risks

Plan Risk Management

Identify Risks

Delphi Technique

Subject Matter Expert Input

Brainstorming

Fishbone Diagrams

Process Analysis

Five Whys

Influence Diagrams

Risk Breakdown Structure (RBS)

Risk Register

Perform Qualitative Risk Analysis

Probability and Impact Assessment

Probability and Impact Chart

Perform Quantitative Risk Analysis

Three-point estimates

PERT

Triangular Distributions

Outlier Considerations

Geometric Mean

Normal Distributions Methods

Tornado Diagrams

Expected Monetary Value (EMV)

Monte Carlo

Plan Risk Responses

Risk Response Strategies

Overall Project Risk

Checklists

Lesson 4: Executing Process Group

Executing Process Group Overview

Implement Risk Responses

Update Risk Report

Lesson 5: Monitoring and Controlling Process Group

Monitoring and Controlling Process Group Overview

Control Risks

Project Monitoring

Longer Projects

Lesson 6: Closing Process Group

Closing Process Group Overview

Close Project or Phase

Risk Activities During Closing Process Group

Post-Project Risk Assessment

$123.60 USD

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