Course Overview

Course Overview:

Project Risk Management Overview: Methodologies, Tools and Terminology
•    Discuss the significance of project risk management
•    Recognize the importance of a contingency reserve in cost and schedule
•    Distinguish between known project risks and unknown project risks, risk and an issue, as well as positive and negative risk

Examine the Role of Risk within a Project’s Life-Cycle
•    Understand the concept of project life-cycle and the main sources of risk
•    Identify and mitigate potential elements of risk in each phase of the life-cycle
•    Account for risk management in the project’s cost benefit analysis during the life cycle

Recognize How Project Risk Impacts the Organization
•    Determine sources of project risk and prioritize risks that threaten project performance
•    Manage the organization by appointing roles such as a project risk officer and a reporting channel
•    Involve executive power to take appropriate action

Prepare a Reliable Risk Management Plan (RMP)
•    Consider a standard model RMP and how it is applicable to your organization
•    Develop a Risk Management Policy  to outline organizational risk responses
•    Assess activities and methods to build risk management deliverables  

Quantify and Qualify Your Risk Management
•    Establish effective metrics for measuring risk
•    Evaluate potential impact on cost, efficiency and performance goals
•    Prioritize each project risk by analyzing various project outcomes using techniques such as Earned Value Management (EVM), Three-Point Estimates, Simulation, and the Delphi Technique

Integrate Risk into Project Tracking and Reporting
•    Update management on project risk impacting critical mission goals
•    Weigh the uncertainty of an individual project task into the whole project
•    Track continuous risk trends and mitigation factors

Use Tools to Supervise and Control Project Risks
•    Expect risk occurrence by monitoring risk triggers
•    Apply controls such as Risk Audit, Reserve Analysis, and Variance Reports
•    Ensure the proper process for change request and advise the appropriate initiatives

Plan and Manage Risk Response under the Given Circumstance
•    Connect given risk scenarios with strategic responses
•    React rapidly and adapt accordingly to resolve unplanned project obstacles
•    Work with the organization and note action taken for future instances

Integrate Risk into Return on Investment (ROI) Analysis
•    Understand how effective risk management influences your ROI
•    Budget effective tools for calculating risk-adjusted ROI
•    Link risk assessment to capital planning and investment management

Align Project Risk Management to the Government Environment
•    Glance at legislative changes that affect rules and requirements of operations
•    Explore the latest challenges in managing government projects in a “high-risk” environment
•    Learn key techniques for integrating project risk management plans into cost-plus contracts and IT projects

Who Should Attend

Who Should Attend:

Risk Analysts/Managers
Project Managers
Program Managers
Government Project Managers
Project Team Leaders
Project Support Staff
IT Project Managers
IT Portfolio and Investment Control Staff
Business Analysts
Program Analysts
Configuration Managers
Acquisition and Procurement Staff

Online Course

Course Information:  Online
Anytime from Anywhere
Format:  Web-based training, lessons, discussion forums, case study exercises and practice exam
Length:  30-35 hours of online class work, you will have to this course for 180 days    
PDU Credits:  30
Price:  $699

Group Discounts:
For more information on group discounts for Project Risk Management, please contact Paul Rogers at 858-737-4122 or email him at Paul.Rogers@PerformanceInstitute.org

Accreditation

PDUs:

PMI Registered Education Provider
The Performance Institute has been reviewed and approved as a provider of project management training by the Project Management Institute. As a PMI Registered Education Provider (R.E.P), The Performance Institute has agreed to abide by PMI established quality assurance criteria. “PMI” and the PMI logo are service and trademarks registered in the United States and other nations; “PMP” is a certification mark registered in the United States and other nations; “PMBOK” and “CAPM” are trademarks registered in the United States and other nations by the Project Management Institute, Inc., which is not affiliated with The Performance Institute.