In this risk management training course, you will gain the skills to identify, measure, and analyse project risk at scale. You will also learn to ensure the success of your projects from beginning to end by: Quantifying and creating a project risk management plan
In this risk management training course, you will gain the skills to identify, measure, and analyse project risk at scale. You will also learn to ensure the success of your projects from beginning to end by:
Quantifying and creating a project risk management plan
Using the qualitative risk-analysis process to guide your risk management decisions
Determining risk mitigations and time and cost contingencies
Risk Management Training Benefits
In this Risk Project Management course, you will:
Manage risk to deliver initiatives that meet stakeholder needs.
Apply scalable templates for your initiative with risk management plans, risk registers, and risk assessment matrixes.
Leverage a proven qualitative risk-analysis process to guide your risk management decisions.
Test your knowledge in the included end-of-course exam.
Leverage continued support with after-course one-on-one instructor coaching and computing sandbox.
To succeed in this course, you should have project management experience at the level of the following courses:
Introduction to Project Management Training
Software Project Management Training
Risk Management Training Outline
Module 1: Overview of Risk Management
In this module, you will learn how to:
Recognise risks in initiatives
Use risk management best practices, tools, and techniques to achieve project success
Module 2: Designing Critical Platforms for Success
In this module, you will learn how to:
Create a risk management plan (RMP) using a standard template
Analyse the contents of a model RMP
Identify initiative risk and its common sources using checklists
Create Ishikawa diagrams to analyse risk cause and effect
Develop a risk register using a standard template
Analyse the contents of a model risk register
Document and communicate risks to stakeholders
Module 3: Improving Initiative Performance Through Qualitative Analysis
In this module, you will learn how to:
Analyse risks through qualitative measures, such as probability and impact analysis
Apply the probability and impact matrix
Prioritise analysis results by ranking project and operations risks
Differentiate between acceptable and unacceptable risks
Module 4: Analysing Risks Using Quantitative Methods
In this module, you will learn how to:
Use common quantitative analysis tools, including Expected Monetary Value (EMV), three-point estimates, the Delphi technique, and more
Quantify effects of risk events on projects and operations
Determine the probability of cost and time objectives
Calculate contingency reserves
Identify trends in quantitative analysis
Module 5: Risk Response Planning
In this module, you will learn how to implement the seven-step process to risk response planning:
Accept
Avoid
Transfer
Mitigate
Exploit
Share
Enhance
You will also learn how to:
Create contingency plans
Determine the worst-case scenario
Recalculate confidence levels
Finalise risk budge
Module 6: Making Decisions Under Uncertainty
In this module, you will learn how to:
Assess the psychological factors that affect decision-making using the prospect theory
Recognise bias with utility theory
Maximise returns by using payoff tables
Deal with unknown risks using workarounds
Module 7: Monitoring and Controlling Risk
In this module, you will learn how to:
Identify emerging risks
Match identified initiative risk with controls such as risk audits, variance reports, and reserve analysis
Anticipate risk events through risk triggers
Measure risk using earned value analysis (EVA)
Ensure effective change control by developing a reliable change request process
Module 8: Leveraging Project and Operations Experience
In this module, you will:
Compile lessons learned in a risk database
Ensure continual process improvement
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