Project Risk Management

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.

What Participants Will Learn

• Apply scalable planning methods to prepare for project risk management
• Prepare a risk management plan to guide your risk approach
• Identify project risks by using different identification tools
• Integrate risk management techniques and results into a balanced project management approach
• Use multiple techniques to identify and document risks
• Perform a qualitative as well as quantitative risk analysis to prioritize and assess risks
• Incorporate expected value, probability, and distribution into your risk analysis
• Estimate and characterize the impact and timing of risks on your project
• Determine and implement appropriate risk response strategies based on risk analysis
• Monitor and control identified and emerging risks based on the risk management plan and project execution results
• Communicate risks effectively to all project stakeholders