PJM216 - Managing Project Risks
Course Overview
Course Overview
Project managers need to understand the many aspects of risk assessment and planning prior to completion of the project plan and then learn the tools and techniques to monitor and appropriately manage changes. This course examines risk monitoring as the plan is executed, the project manager’s efforts in establishing an approach to risk, and suitable responses consistent with the risk tolerance level of the stakeholders.
One emphasis of this course looks at risks from the positive viewpoint of maximizing the benefits of acceptable outcomes rather than only looking to reduce negative impacts. The course includes lecture, practical hands-on sessions, case study, and individual and small group exercises.
Course topics are aligned with the quality management processes outlined in the Project Management Institute book A Guide to the Project Management Body of Knowledge (PMBOK® Guide).
Individuals should have at least 3-5 years of experience in project management.
This course addresses the needs of project sponsors and project managers at all levels in understanding their role in risk management.
- Tools and techniques for use throughout the project demonstrated with hands-on exercises applicable to various size projects and industries
- Risk management planning – determining the organization’s propensity for taking risk and risk response criteria
- Risk identification – looking at all aspects of the project
- Risk qualitative analysis – rating and prioritizing risks
- Risk quantitative analysis – detailed study of highest priority risks
- Risk response implementation - implementing agreed-upon risk response plans
- Risk monitoring – recognizing triggers and changes affecting risk responses