1-800-THE-TREE (1-800-843-8733)
TRAINING YOU CAN TRUST
 
 

Project Risk Management

Maximizing Your Organizational Investment
 
Course: 286   Type: RealityPlus   Duration: 4 Days
 
 

You Will Learn How To

  • Manage project risk effectively to deliver successful projects that meet stakeholder needs
  • Apply customizable, 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
  • Utilize a tested 7-step technique to design your risk response strategies
  • Monitor risk triggers to control uncertainties and maximize project payoff

Course Benefits

All projects involve risk. To quantify and manage risks, you need to thoroughly analyze risk before and during a project. In this course, you develop strategies to identify and measure the risks in project development and implementation. You learn to quantify risks and create effective risk response strategies to deliver projects that meet stakeholder expectations. You also take away tools and templates for use back at your office.

Who Should Attend

Project managers, directors, sponsors and anyone who has a stake in seeing a project through to its successful completion. Experience at the level of Course 296, "Project Management: Skills for Success," or Course 340, "Project Management for Software Development," is strongly recommended.

Course Workshop

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
  • Justifying budget and time contingencies
  • Updating your risk database and determining process improvements

Related Courses

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

Upcoming Dates

Oct 28 - 31, 2008
 Washington, DC (Rockville, MD)
Dec 2 - 5, 2008
 Toronto
Dec 2 - 5, 2008
 Washington, DC (Reston, VA)
Mar 3 - 6, 2009
 New York
Mar 24 - 27, 2009
 Ottawa
Apr 6 - 9, 2009
 Toronto
Apr 28 - May 1, 2009
 Washington, DC (Rockville, MD)
May 26 - 29, 2009
 Washington, DC (Reston, VA)

For complete schedule, please visit www.learningtree.com
 
http://www.learningtree.com/courses/286pf.htm
 
 
1-800-THE-TREE (1-800-843-8733)
TRAINING YOU CAN TRUST
 
 

Project Risk Management

Maximizing Your Organizational Investment
 
Course: 286   Type: RealityPlus   Duration: 4 Days
 
 
Course 286 Content
 

Overview of Project Risk Management

  • Recognizing 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)

  • Analyzing 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 analyze cause and effect relationships
  • Utilizing checklists
  • Assessing high-level risks to the organization

Developing a Risk Register

  • Analyzing 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

Analyzing risks through qualitative measures

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

Prioritizing analysis results

  • Ranking project risks
  • Differentiating between acceptable and unacceptable risks

Analyzing 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
  • Finalizing 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
  • Recognizing bias with Utility Theory

Tools to enhance objectivity

  • Maximizing 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
  • Recognizing the value of mistakes
  • Ensuring continual process improvement
 
http://www.learningtree.com/courses/286pf.htm
 
 
1-800-THE-TREE (1-800-843-8733)
TRAINING YOU CAN TRUST
 
 

Project Risk Management Tuition

Maximizing Your Organizational Investment
 
Course: 286   Type: RealityPlus   Duration: 4 Days
 
 

Course Tuition
$ 2,790 Standard Tuition
Tuition with a Savings Plan
$ 1,800 10-Day Pass
$ 1,670 Training Passport
$ 1,700 Premium-Pass
$ 2,200 Voucher 10-Pack
$ 2,515 Alumni Gold Discount
$ 2,484 Government Discount
 

 

Your Course Tuition Entitles You To...

  • Class participation
  • Team workshops
  • Use of in-class hands-on equipment
  • Comprehensive course materials
  • Morning and afternoon refreshments
  • Course Completion Certificate awarding Continuing Education Units
  • FREE participation in Professional Certification
  • FREE participation in College Credit programs (including related exams)
  
 

Tuition Savings Plans

Training Passport
  • 3 courses in 12 months
  • As little as $1,670 per course
  • Savings as much as 40%
  • Only $5,000
Premium Pass
  • 4 courses in 24 months
  • As little as $1,700 per course
  • Save as much as 45%
10-Day Pass
  • A NEW way to save on training
  • 10 days of training for one person
  • Save as much as $990 per course
  • Only $4,500
Training Vouchers
  • Save as much as $990 per course
  • Fully transferable
  • As low as $2,200 per course
Alumni Gold Discount Attend your first course and you'll receive a personalized Alumni Gold Discount card, entitling you to save as much as $305 on each course you take within the following 12 months. Take just one course each year and you'll be entitled to ongoing discounts...year after year!

Your Guarantee of Satisfaction

Unless you feel 100% satisfied that Learning Tree delivered even more than you expected, there is no fee for your course attendance. Our Guarantee of Quality lets you experience the value of the course--and then pay only if you feel the course was well worth the tuition.

Enrolling is Easy and Flexible!

Enroll by phone or online. If your plans change, just let us know and, without a fee, you can transfer to another course or cancel your enrollment. Pay after you've taken the course, and then only if you are 100% satisfied.
 
http://www.learningtree.com/courses/286pf.htm