Course Overview

Have you been: 'Surprised' by unplanned events during your projects? Are you and your project team frequently “fighting fires?” Well, you are not alone. Uncertainty exists in any project environment. While it may not be possible to predict project outcomes with 100% certainty, you can influence the outcome, avoid many potential risks and be ready to calmly and efficiently respond to unavoidable challenges instead of reacting to them, possibly making things worse. With the proper knowledge and practical planning, risk can be identified, assessed, planned, for, and controlled. This engagement is more advanced then the PMI-RMP course that is also offered by PM-Pulse though its based on PMBOK as well as Practice Standards For Risk Management the difficulty level here is higher and as near as one can get to a real world complex project situation. Armed with role plays, games, exercises, scenarios and literally picked from real world projects – case studies, this course is the ultimate learning experience in Risk Management. 

 

Who should attend?

• Sponsors
• Departmental heads
• Portfolio managers
• Project and program managers
• Managers of project managers
• Team members working on high-risk projects

 

Performance Focus

The goal of the course is to equip you with the necessary knowledge, skills and techniques so you can conduct and organize

• Risk planning
• Risk identification
• Risk assessment (qualitative and quantitative)
• Risk response planning
• Risk control

in as close to real world situation as one can so as to become practically relevant and effective. This is not a PMI – RMP® certification course. 

 

What You Will Learn

• Demonstrate how the PMBOK Guide’s risk management processes apply to your project’s environment
• Adapt these processes for a particular high-risk project team’s operating principles
• Explain the importance of using risk management best practices at single and enterprise project levels
• Lead an initiative to implement risk management best practices in your project environment

 

Training Content and Basic Outline of the course

Getting Started

• Introductions
• Course structure
• Course goals and objectives

Foundation Concepts

• Risk-related definitions
• The risk management process
• High-risk projects and project failures
• Classical failures in implementing risk management

Plan Risk Management

• Project Risk Management and Governance
• Risk management planning for high-risk projects
• High-risk variations on a risk management plan

Identify Risk

• Adapting the risk identification process for high-risk projects
• Recognizing risks spontaneously
• Confirming and structuring risk events for treatment
• Wrapping up risk identification for high-risk projects

Perform Qualitative Risk Analysis

• Adapting qualitative risk analysis for highrisk projects
• Accelerating risk analysis
• Clearing risk action
• Wrapping up qualitative risk analysis for the next level

Perform Quantitative Risk Analysis

• Adapting quantitative risk analysis for high-risk projects
• Risk analysis and data quality assessments
• Building a foundation for quantitative risk analysis
• Using discrete quantitative tools
• Using continuous quantitative tools
• Wrapping up quantitative risk analysis for high-risk projects

Plan Risk Responses

• Adapting risk response planning for highrisk projects
• Optimizing active risk response strategies
• Leveraging contingencies for high project performance
• Wrapping up risk response planning for high-risk projects

Monitor and Control Risks

• Adapting risk monitoring and control for high-risk projects
• Optimizing risk plan maintenance
• Weaving risk reassessment into the project’s progress
• Maintaining a continuous vigil in high-risk project environments

Recap & Closing