0800 282 353 or +44 1372 364610

Productivity through Education®

Project Risk Management

Maximising Your Organisational Investment

Course: 286 Type: RealityPlus Duration: 4 Days PMI: 23

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. Aligned with the PMI Risk Management Professional (PMI-RMP℠) certification, this course provides the skills to identify and measure risks in project development and implementation. You learn to quantify risks and create risk response strategies to deliver projects that meet stakeholder expectations.

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 2007 Comprehensive Introduction
289 Disaster Recovery Planning
923 Project Budgeting and Estimating
346 Project Team Leadership
276 Preparing for the PMP Exam
177 PRINCE2^® Practitioner Certification
196 Making Effective Decisions with Business Statistics
3620 Managing Global Projects

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

Upcoming Dates

23 - 26 Nov

London

3 - 6 May

London

Attend highlighted events
in person or online with Learning Tree AnyWare^TM.

For complete schedule, please visit www.learningtree.co.uk

http://www.learningtree.co.uk/courses/uk286.htm

0800 282 353 or +44 1372 364610

Productivity through Education®

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

Productivity through Education®

Project Risk Management Tuition

Maximising Your Organisational Investment

Course: 286 Type: RealityPlus Duration: 4 Days PMI: 23

Course Fees

£ 1,825	Standard Fee
Savings Plans
£ 1,000	Flex-Training Pass
£ 1,000	10-Day Training Pass
£ 1,520	Voucher 10-Pack
£ 1,645	Alumni Gold Discount

Your Course Fee Entitles You To...

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

Tuition Savings Plans

Flex-Training Pass	3 Courses for �2,995 As little as �1,000 Savings as much as 50% 3 courses in 24 months
10-Day Training Pass	Save as much as �895 per course Any combination of courses Only �2,495
Training Vouchers	Save as much as �625 per course Fully transferable As low as �1,520 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 �210 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