0800 282 353 or +44 1372 364610
TRAINING YOU CAN TRUST
 
 

Project Risk Management

Maximising Your Organisational Investment
 
Course: 286   Type: RealityPlus   Duration: 4 Days
 
 

You Will Learn How To

  • Manage project risk effectively to deliver successful projects that meet stakeholder needs
  • Apply customisable, industry-robust templates to create a Risk Management Plan and Risk Register
  • Leverage a proven 7-step qualitative risk analysis process to identify risk exposure
  • Translate risk into actual time and cost impact using proven quantitative risk analysis tools
  • Utilise a tested 7-step technique to design your risk response strategies
  • Monitor risk triggers to control uncertainties and maximise project payoff

Course Benefits

All projects involve risk. To quantify and manage risks, you need to thoroughly analyse risk before and during a project. In this course, you develop strategies to identify and measure the risks in project development and implementation. You learn to quantify risks and create effective risk response strategies to deliver projects that meet stakeholder expectations. You also take away tools and templates for use back at your office.

Who Should Attend

Project managers, directors, sponsors and anyone who has a stake in seeing a project through to its successful completion. Experience at the level of Course 296, "Project Management: Skills for Success", or Course 340, "Project Management for Software Development", is strongly recommended.

RealityPlus
In this course, you are immersed in a PC- and video-enhanced case study to simulate a project risk experience from planning to project close. You perform risk management tasks including:

  • Creating your RMP from a proven model
  • Developing and updating a Risk Register through a systematic incremental process
  • Applying a 7-step qualitative risk analysis process to determine probability, impact and exposure
  • Quantifying risks according to EMV, Utility and impact on estimates
  • Designing a risk response strategy
  • Detecting and responding to risk events using EVA
  • Justifying budget and time contingencies
  • Updating your risk database and determining process improvements

Related Courses

  • 287 Strategic Project Management
  • 299 Microsoft Project Comprehensive Introduction
  • 289 Disaster Recovery Planning
  • 248 Project Scheduling and Budgeting
  • 290 Management Skills
  • 346 Project Team Leadership
  • 315 Developing User Requirements
  • 177 PRINCE2™ Practitioner Certification

 
The PMI R.E.P. logo is a registered mark of the Project Management Institute, Inc. RealityPlus is a trademark of Learning Tree International.
   Project Risk Management

Upcoming Dates

10 - 13 Feb, 2009
London
2 - 5 Jun, 2009
London
29 Sep - 2 Oct, 2009
London

For complete schedule, please visit www.learningtree.co.uk
 
http://www.learningtree.co.uk/courses/uk286.htm
 
 
0800 282 353 or +44 1372 364610
TRAINING YOU CAN TRUST
 
 

Project Risk Management

Maximising Your Organisational Investment
 
Course: 286   Type: RealityPlus   Duration: 4 Days   PMI: 23
 
 
Course Content
 

Overview of Project Risk Management

  • Recognising risk in all projects
  • Using risk management best practices, tools and techniques to achieve project success

Designing Critical Platforms for Success

Creating a Risk Management Plan (RMP)

  • Analysing contents of a model RMP
  • Applying a standard template to create your RMP

Identifying project risk

  • Common sources of project risk
  • Creating Ishikawa diagrams to analyse cause and effect relationships
  • Utilising checklists
  • Assessing high-level risks to the organisation

Developing a Risk Register

  • Analysing contents of a model Risk Register
  • Applying a proven template to create your Risk Register
  • Communicating risks to stakeholders
  • Documenting risks for future assessment

Improving Project Performance Through Qualitative Analysis

Analysing risks through qualitative measures

  • Performing probability and impact analyses of identified risk
  • Applying the probability and impact matrix
  • Advanced applications of qualitative analysis

Prioritising analysis results

  • Ranking project risks
  • Differentiating between acceptable and unacceptable risks

Analysing Risks Using Quantitative Methods

Quantifying effects of risk events on the project

  • Determining probability of achieving cost and time objectives
  • Calculating contingency reserves
  • Identifying trends in quantitative analysis
  • Ranking risks by actuarial cost

Tools for analysis

  • Expected Monetary Value (EMV)
  • Three-point estimates
  • Probability distributions
  • Delphi Technique
  • Simulation

Risk Response Planning

Implementing risk response strategies

  • Accept
  • Avoid
  • Transfer
  • Mitigate
  • Exploit
  • Share
  • Enhance
  • Quantifying residual risks and secondary responses

Creating contingency plans

  • Determining the worst case scenario
  • Recalculating confidence levels
  • Finalising risk budget
  • Applying a 7-step process to risk response planning

Making Decisions Under Uncertainty

Psychological factors in decision making

  • Practical applications of Prospect Theory
  • Recognising bias with Utility Theory

Tools to enhance objectivity

  • Maximising returns through the use of payoff tables
  • Applying decision trees with Precision Tree software
  • Dealing with unknown risks using workarounds

Monitoring and Controlling Risk

Identifying emerging project risks

  • Matching identified project risk with controls including Risk Audit, Variance Reports, Reserve Analysis
  • Anticipating risk events through risk triggers
  • Measuring risk using earned value analysis (EVA)

Ensuring effective change control

  • Developing a reliable change request process
  • Recommending corrective action

Leveraging Project Experience

  • Creating an end-of-project risk report
  • Compiling lessons learned in a risk database
  • Recognising the value of mistakes
  • Ensuring continual process improvement
 
http://www.learningtree.co.uk/courses/uk286.htm
 
 
0800 282 353 or +44 1372 364610
TRAINING YOU CAN TRUST
 
 

Project Risk Management Tuition

Maximising Your Organisational Investment
 
Course: 286   Type: RealityPlus   Duration: 4 Days   PMI: 23
 
 

Course 286 Tuition

£ 1,745Standard Tuition
Tuition with a Savings Plan
£ 1,12010-Day Training Pass
£ 1,095Flex-Training Pass
£ 1,34510-Training Vouchers
£ 1,4405-Training Vouchers
£ 1,575Alumni Gold Tuition

Your Course Fee Entitles You To...

  • Class participation
  • Team workshops
  • Use of in-class hands-on equipment
  • Comprehensive course materials
  • Morning and afternoon refreshments
  • Lunch
  • Course Completion Certificate
  • FREE participation in the Learning Tree Professional Certification Programmes (including related exams)
  
 

Tuition Savings Plans

Flex-Training Pass
  • 3 Courses for £3,275
  • As little as £1,095
  • Savings as much as 45%
  • 3 courses in 24 months
10-Day Training Pass
  • Save as much as £695 per course
  • Any combination of courses
  • Only £2,795
Training Vouchers
  • Save as much as £750 per course
  • Fully transferable
  • As low as £1,345 per course
Alumni Gold Discount Attend your first course and you will receive a personalised Alumni Gold Discount card, entitling you to save as much as £205 on each course you take in the following 24 months. Take just one course every two years, and you will be entitled to ongoing discounts...year after year. You save 10%.
* Exact savings may vary depending on courses selected.

Your Guarantee of Satisfaction

Unless you feel 100% satisfied that Learning Tree delivered even more than you expected, there is no fee for your course attendance. Our Guarantee of Quality lets you experience the value of the course - and then pay only if you feel the course was well worth the fee.

Enrolling is Easy and Flexible!

Enrol by phone or online. If your plans change, just let us know and, without a fee, you can transfer to another course or cancel your enrollment. Pay after you've taken the course, and then only if you are 100% satisfied.
 
http://www.learningtree.co.uk/courses/uk286.htm