Project Management: Risk Management

Course Code

Contents

1. Contents
2. Description
3. Audience
4. Prerequisites
5. Objectives
6. Topics Include
7. Duration
8. Minimum Requirements
9. Media

Screenshot

Description

This program covers classifying project risks, how to distinguish business risk from insurable risks, how to know when to take risks and when to avoid them, and the actions included in project risk management. In addition, this program provides instruction on how to identify and classify risks according to their level of impact, and how to use specific tools in risk identification. This program also covers risk assessment methods, decision tress, and qualitative and quantitative analysis methods. Finally, this program covers methods for effective risk response, categories for possible risk response plans, and how to develop a risk management.

Audience

Primarily targeted toward project managers and anyone interested in learning project management. Additionally, individuals who are trying to study for PMI's PMP exam.

Prerequisites

(Currently no course prerequisite information)

Objective

Upon completion of this course, the student will be able to:

• Define variables of risk management.
• Select the key issues addressed by a risk management plan.
• Identify risk identification tools.
• Apply qualitative analysis.
• Monitor and control risk.

Topics Include

Unit 1: Fundamentals of Risk Management

• Identify components of risk management.
• Identify where risk components fit into the project management process groups.
• Identify classifications for project risks.
• Identify the goals of risk management.
• Identify when to take and when to avoid risks.
• Sequence the five steps in project risk management.
• Simulation Overview.

Unit 2: Risk Planning and Identification

• Identify the reference materials you should use when designing a risk management plan.
• Select the key issues addressed by a risk management plan.
• Identify the classifications for project risks.
• Identify common sources of risk.
• Identify actions that should be taken after risk sources have been identified.
• Identify risk identification tools.
• Identify the three steps used to describe all project risks.
• Simulation Overview.

Unit 3: Analysis Methods

• Identify the goals of qualitative risk analysis.
• Identify the five steps you should follow when conducting risk analysis.
• Identify the benefits of risk assessment.
• Identify the techniques used to quantify different areas of project risk.
• Simulation Overview.

Unit 4: Risk Response and Control

• Identify actions you can take to develop effective risk responses.
• Identify the five categories for possible risk response plans.
• Identify the methods used to monitor and control risk.
• Select the primary outcomes of risk monitoring and control.
• Simulation Overview.

Duration

4 Hours

Minimum Requirements

The CDROM version of this course requires:

• At least a 486DX 33Mhz CPU.
• Microsoft Windows 3.1 or higher and a Microsoft compatible mouse.
• At least 8MB RAM.
• At least VGA graphics capability with a minimum 512K video RAM (1MB video RAM recommended).
• At least a double speed CDROM drive.
• An MPC compliant sound card with attached speakers or headphones is recommended (Currently, only the CDROM version supports audio).

• At least a 486DX 33Mhz CPU.
• Microsoft Windows 3.1 or higher and a Microsoft compatible mouse.
• At least 8MB RAM and 22MB available hard disk space or file server space.
• At least VGA graphics capability with a minimum 512K video RAM (1MB video RAM recommended).

Media

CDROM
Web Based Training