Managing the Project's Risk

SKU:

PMGNOE

Project Management training classes can
be conducted in a traditional classroom or
a virtual classroom.

Or, contact Project Masters, Inc.
toll free at (888) 250-4447

Payment will be required the day before the class.

One-Day Seminar

Course Objectives:

The participants will learn the project manager’s role in managing and controlling the project risk and use of risk tools.

Learn about:

1.0 Introduction

2.0 Project Risk Management Terminology

3.0 PM Risk Life Cycle

Look at the Life Cycle of Risk in the Concept, Plan, Execute, and Closeout Phase.

4.0 Risk Management Overview

Define risk; discover the difference between uncertainty, opportunity, and risk management
Differentiate between reactive and proactive

5.0 Risk Types

Identify the different types of risk

Determine how to identify risk

6.0 Risk Identification

Ascertain how to identify risk|
Learn how to use brainstorming, and the WBS
Study the risk analysis techniques of brainstorming, decision tree analysis, utility theory, sensitivity analysis,
Delphi method and Monte Carlo
Group exercise on identifying project risk

7.0 Risk Quantification

8.0 Risk Response Development

9.0 Monitor and Control Risk

10.0 Evaluate Risk

Evaluate how to use the risk plan and the data from monitoring and controlling to evaluate and improve risk handling on future projects
Group exercise on evaluating project risk and how it can be used to improve future projects