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Tidsbegränsat erbjudande – Upp till 40 % RABATT per kurs
 

Project Risk Management

Preparing for the PMI Risk Management Professional (PMI-RMP)® Exam

Course: 286 • 4 dagar

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Quick Enrol

You Will Learn How To

  • Manage project risk effectively to deliver successful projects that meet stakeholder needs
  • Apply customisable, industry-robust templates to create a Risk Management Plan and Risk Register
  • Leverage a proven 7-step qualitative risk analysis process to identify risk exposure
  • Translate risk into actual time and cost impact using proven quantitative risk analysis tools
  • Utilise a tested 7-step technique to design your risk response strategies
  • Monitor risk triggers to control uncertainties and maximise project payoff

Course Benefits

All projects involve risk. To quantify and manage risks, you need to thoroughly analyse risk before and during a project. This course provides the skills to help you prepare for the PMI-RMP® exam. Through identifying and measuring risks in project development and implementation, you learn to quantify risks and create risk response strategies to deliver projects that meet stakeholder expectations.

Who Should Attend

Those with a stake in seeing a project through to successful completion as well as those who plan to take the PMI-RMP® exam. Experience at the level of Course 296, "Project Management: Skills for Success", or Course 340, "Project Management for Software Development", is recommended.

RealityPlus™

In this course, you are immersed in a PC- and video-enhanced case study to simulate a project risk experience from planning to project close. You perform risk management tasks including:
  • Creating your RMP from a proven model
  • Developing and updating a Risk Register through a systematic incremental process
  • Applying a 7-step qualitative risk analysis process to determine probability, impact and exposure
  • Quantifying risks according to EMV, Utility and impact on estimates
  • Designing a risk response strategy
  • Detecting and responding to risk events using EVA
  • Updating your risk database and determining process improvements

Course Content

Overview of Project Risk Management

  • Recognising risk in all projects
  • Using risk management best practices, tools and techniques to achieve project success

Designing Critical Platforms for Success

Creating a Risk Management Plan (RMP)

  • Analysing contents of a model RMP
  • Applying a standard template to create your RMP

Identifying project risk

  • Common sources of project risk
  • Creating Ishikawa diagrams to analyse cause and effect relationships
  • Utilising checklists
  • Assessing high-level risks to the organisation

Developing a Risk Register

  • Analysing contents of a model Risk Register
  • Applying a proven template to create your Risk Register
  • Communicating risks to stakeholders
  • Documenting risks for future assessment

Improving Project Performance through Qualitative Analysis

Analysing risks through qualitative measures

  • Performing probability and impact analyses of identified risk
  • Applying the probability and impact matrix
  • Advanced applications of qualitative analysis

Prioritising analysis results

  • Ranking project risks
  • Differentiating between acceptable and unacceptable risks

Analysing Risks Using Quantitative Methods

Quantifying effects of risk events on the project

  • Determining probability of achieving cost and time objectives
  • Calculating contingency reserves
  • Identifying trends in quantitative analysis
  • Ranking risks by actuarial cost

Tools for analysis

  • Expected Monetary Value (EMV)
  • Three-point estimates
  • Probability distributions
  • Delphi Technique
  • Simulation

Risk Response Planning

Implementing risk response strategies

  • Accept
  • Avoid
  • Transfer
  • Mitigate
  • Exploit
  • Share
  • Enhance
  • Quantifying residual risks and secondary responses

Creating contingency plans

  • Determining the worst-case scenario
  • Recalculating confidence levels
  • Finalising risk budget
  • Applying a 7-step process to risk response planning

Making Decisions under Uncertainty

Psychological factors in decision making

  • Practical applications of Prospect Theory
  • Recognising bias with Utility Theory

Tools to enhance objectivity

  • Maximising returns through the use of payoff tables
  • Applying decision trees with Precision Tree software
  • Dealing with unknown risks using workarounds

Monitoring and Controlling Risk

Identifying emerging project risks

  • Matching identified project risk with controls including Risk Audit, Variance Reports, Reserve Analysis
  • Anticipating risk events through risk triggers
  • Measuring risk using earned value analysis (EVA)

Ensuring effective change control

  • Developing a reliable change request process
  • Recommending corrective action

Leveraging Project Experience

  • Creating an end-of-project risk report
  • Compiling lessons learned in a risk database
  • Recognising the value of mistakes
  • Ensuring continual process improvement

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Related Courses

PMI R.E.P. logo is a registered mark of the Project Management Institute, Inc. RealityPlusTM is a trademark of Learning Tree International, Inc.
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Project Risk Management

Course Dates

Live online classroom training.Most events below can be taken in-class or live, online from your home or office with AnyWare.
11 - 14 SepStockholm enrol
27 - 30 NovStockholm enrol

UK Dates

26 - 29 JunLondon enrol
6 - 9 NovLondon enrol
2 - 5 AprLondon enrol

US Dates

31 Jul - 3 AugWashington, DC enrol
4 - 7 SepNew York enrol
16 - 19 OctWashington, DC enrol
27 - 30 NovWashington, DC enrol
8 - 11 JanNew York enrol

For AnyWare enrollments, please register at least 7 days prior to the start of the course.

More Dates and Locations.

 

On-Site &
Custom Training

Bring this or any Learning Tree course to your location or have it customized for your organization.

 

Kursdeltagarnas genomsnittsbedömning

 De senaste 12 månadernas bedömningar

5 stjärnor:
83 %
4 stjärnor:
16 %
3 stjärnor:
1 %
2 stjärnor:   0 %
1 stjärna:   0 %

 
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You receive the Practice Standard for Project Risk Management.

 
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