Risk Management Training Course

Risk Management Training Course Package Includes:

• 3 DVDs featuring live instructor-led classroom sessions with full audio, video and Review Quiz Components
• 7 PDU/Contact Hours upon Completion
• Free 1 Year Upgrade Policy

Course Introduction:

Risk Management provides participants with a wide range of tools and techniques to effectively recognize, manage, and mitigate project risks. This course also focuses on methods for successful communication of project risks.

This course is best suited for moderate to experienced project managers. Students can claim 7 PDU/Contact Hours upon completion of this course. 

Risk Management Training Course Outline:

Course Introduction

• Course Introduction

Quick PM Review

• Quick PM Review
• Agenda
• Expectations
• PMBOK Guide
• Project Boundaries
• PMBOK Guide Knowledge Areas
• Risk Management
• The PMI-RMP Process
• The PMI-RMP Exam

Risk Definition

• Risk Definition
• Risk Defined
• The Delicate Balance
• The Basic Model
• Example
• Objectives of Risk Management
• Objectives of Risk Management 2
• Types of Risks
• Attitudes Toward Risk
• At an Organizational Level
• Proactivity

Plan Risk Management

• Plan Risk Management
• The PMBOK Guide Says…
• The Risk Management Plan
• The Risk Management Plan 2
• Plan Risk Management 11.1
• Inputs
• Meetings and Analysis
• Included in the Risk Management Plan
• Sample RBS
• Also Included
• The PMBOK Guide Says… (Continued)
• Matrix Basics
• Sample Impact Matrix

Identify Risks

• Identify Risks
• Why?
• Identify Risks 11.2
• Who Should Be Involved in Risk Identification?
• Useful Information to Begin
• What Can You Do?
• What Else Can You Do?
• Major Result - The Risk Register
• The Risk Register
• Conclusions

Perform Qualitative Risk Analysis

• Perform Qualitative Risk Analysis
• Qualitative Defined
• Perform Qualitative Risk Analysis 11.3
• The Basics
• Risk Score for Each Specific Risk
• Risk Score for Each Specific Risk 2
• Risk Score for Each Specific Risk 3
• Risk Data Quality Assessment
• The Risk Register Updates

Perform Quantitative Risk Analysis

• Perform Quantitative Risk Analysis
• Quantitative Defined
• Quantitative Risk Analysis 11.4
• Possible Results
• Goals
• A Comparison
• Data Gathering and Representation
• Data Modeling and Simulation
• The S Curve
• Data Modeling - Sensitivity Analysis
• Expected Monetary Value
• Data Modeling - Expected Monetary Value Analysis (EMV)
• Data Modeling - Decision Tree Analysis
• Decision Tree Analysis
• A Sample
• Risk Register Updates

Plan Risk Responses

• Plan Risk Responses
• Risk Responses Defined
• Plan Risk Responses 11.5
• Responses
• Response Strategies
• Risk Reduction Techniques
• Risk Reduction Techniques 2
• Risk Reduction Techniques 3
• Risk Reduction Techniques 4
• Risk Register Updates
• Resulting Risks

Monitor & Control Risks

• Monitor & Control Risks
• Monitor & Control Risks 11.6
• Why & How
• Additional Purposes
• Additional Purposes 2
• Received During Monitoring and Control
• Tools and Techniques
• Results
• Life of a Risk

Contract Administration

• Contract Administration
• What is Contract Administration? / What is a Contract?
• Cost Plus Percentage of Cost (CPPC) or Fee (CPPF) / Cost Plus Fixed Fee (CPFF)
• Cost Plus Incentive Fee (CPIF) / Fixed Price Plus Incentive Fee (FPPI)
• Firm Fixed Price (FFP)
• Contract Type Selection
• Sharing of Cost and Risk
• Contract Types
• Contract Types 2
• Determining Factors
• Determining Factors (Continued)
• Cost / Schedule Incentive Provisions
• Contracting Sequence of Activities
• Invitation for Proposals Consists of
• Course Closure