Risk Management Tools and Techniques

PMRM

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Some studies show that a formal Risk Management process can eliminate up to 90% of the risks on a project! This Risk Management course will provide you with tools and techniques that will help you focus on those things that are most likely to cause your project to succeed or fail. With so much going on in any project, Risk Management is one area that will help you allocate your time and resources most efficiently, and work with your stakeholders to increase the chances of project success. Learn best practices in identifying and managing the uncertainties that crop up during projects. Take control of what seems uncontrollable by applying these tools and techniques to maximize project success! This course can apply to any industry, from construction to healthcare to Information Technology. It provides participants with 12 contact hours, and gives you a wide range of tools that you can apply immediately on your projects. Length 2 days Professional Development Units 15 contact hours Prerequisites None Building Block For PMP® Exam Preparation Ongoing education Materials Custom materials provided by Instructor. Who Should Take This Course Project Managers and team members who continue to battle unexpected events on their initiatives, and want to gain better control over the conditions on their projects. Experienced project managers who wish to enhance their already successful skills. Continuing education for PMPs®, Engineers, CPAs, etc.

Objectives

• Understand and describe risks as both opportunities and threats
• Understand and describe a best-practice risk management process
• Understand tools and techniques for classifying and identifying risks
• Understand tools and techniques for analyzing, prioritizing, and quantifying risks
• Understand tools and techniques for monitoring and controlling risks
• Understand tools and techniques for continuously improving risk management in organizations and across multiple initiatives

Outline

• Pre-test of Risk Management knowledge
• Defining Risk Management
• Guidelines for developing for a successful Risk Management environment
• Planning for Risk Management
• Identifying risks
• Prioritizing risks to focus on the most significant items
• Quantifying some risks to determine realistic scope, costs and schedules
• Proactive planning for practical risk responses
• Monitoring for risk events, and controlling manifested risks
• Post-test

To maintain interest, and increase knowledge retention we will use different approaches to learning throughout the course, including games, visual and auditory aids, and lots of hands-on exercises.