In this risk management training course, you will gain the skills to identify, measure, and analyze 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 analyze 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:
Recognize risks in initiatives
Use risk management best practices, tools, and techniques to achieve project success
Module 2: Designing Critical Platforms for Success
Module 3: Improving Initiative Performance Through Qualitative Analysis
Module 4: Analyzing 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
Finalize 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
Recognize bias with utility theory
Maximize 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
We believe in the power of developing others to have a strong impact on careers, competence, and culture.
By helping others learn new skills and technologies, we empower individuals to support organizational growth. It’s why more than 65,000 organizations around the world have trusted Learning Tree to develop leadership and critical skills training programs to 3 million professionals worldwide.
We understand that the rapid pace of today's business and technological demands requires a learning approach that meets both individual and organizational needs.
In addition to boasting the world's largest collection of partnered content, proprietary courses, and certification resources, we have a global instructor pool of 500+ real-world experts.
We offer tailored learning solutions that produce quantifiable results to organizations around the world. Our learning ecosystem is designed to support the integration of learning into the developmental process, and is constantly evolving to meet technological advances and individual learning needs.
Core Values
This course is designed for project managers who want to proactively reduce the probability of project failure. In this course, you will learn to use proven approaches and techniques specific to risk management.
Every project comes with risks, especially those contributed externally from vendors. This course will train you on the essential risk and procurement management processes to minimize negative impacts on your project objectives.
This 1-day course covers the standard risk management processes for assessing and managing project risk. Instruction will provide advanced techniques based upon lessons learned from; interviews, root cause analysis, benchmarking and statistical analysis.
Project risk management addresses the planning, identification, analysis, response planning, and monitoring and control of risk on a project.
Our Project Scope, Quality & Risk Management course examines the relationships between goal-setting, project scope and project quality, while experientially guiding participants to identify and manage project risks throughout the lifecycle of the project.
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