Project Management Institute

Managing Risk on Projects

Description

Topics: Project Management Business Analysis | Complexity | Problem Solving | Risk Mitigation

Risk management is often seen as the tedious pursuit of bad things that may happen.  Nothing could be further from the truth!  Risk management is an opportunity to look into the crystal ball of project management and identify opportunities to build in best practices.  It's an opportunity to be a hero before the heroism is required.  It's an opportunity to develop organizational structures that create consistent risk behaviors and attitudes.  

In this powerful hands-on, two-day experience, participants have the opportunity to work through the entire PMBOK Risk Management process, and develop a sample risk model to clarify which projects are truly "risky" and which projects merit higher levels of management and team member attention.  Participants will learn the tools and understand how things like Monte Carlo work, and how those analyses are a way to talk "truth to power" by sharing validated information to management.

What You Will Learn

 Upon completion of this course, participants will be able to:

  • Identify risks using at least three different tools, including the Crawford Slip, Delphi Technique and Nominal Group
  • Establish the core elements of a risk management plan, especially tolerances, thresholds and triggers
  • Apply risk qualification and quantification at a detailed and project-wide level-select the best responses using a response strategy matrix to limit their level of effort in risk response
  • Construct a risk model to establish (at a project- or portfolio-level) the degree of risk associated with projects as a whole

PDU Allocation Table

The table below displays the number of professional development units (PDUs) awarded for each PMI® credential, as they align to the PMI Talent Triangle®. Leadership and Strategic PDUs apply evenly across all credentials and Technical PDUs apply only to specific credentials. PDUs will be added in full to all eligible credentials.
Technical Leadership Strategic Total
CAPM / PMP / PgMP 12 0 2 14.00
PMI-ACP 0 0 2 2.00
PMI-SP 0 0 2 2.00
PMI-RMP 12 0 2 14.00
PfMP 0 0 2 2.00
PMI-PBA 0 0 2 2.00
pmi_talent-triangle_alignments_technical_rgb pmi_talent-triangle_alignments_leadership_rgb pmi_talent-triangle_alignments_strategic_rgb pmi_talent-triangle_alignments_rgb

Seminar Instructor(s)

Carl

Carl Pritchard PMI-RMP, PMP

Carl Pritchard is a thought leader in risk management. He has authored seven project management textbooks, including two on risk management. He is the principal and founder of Pritchard Management Associates, a veteran SeminarsWorld®; instructor (for over two decades), and the U.S. Correspondent for the British project management magazine, Project Manager Today.

Course Information

PDUs
14
CEUs
1.4
Level
Applied
Length
2 Days
Dates
8 - 9 April 2020

Price

Member Price
US$1560.00
(US$1456.00 before 24 February)
Non-Member Price
US$1862.00
(US$1612.00 before 24 February)
Government Pricing
US$1456.00

Not a PMI Member?

Become a member and take advantage of the knowledge and networking available near you through local PMI chapters.

Join PMI