Project Management Institute

Managing Risk on Projects with Carl Pritchard


Topics: Business Analysis | Projects

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 / Agile* 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 Pritchard PMI-RMP, PMP

Carl Pritchard, PMI-RMP, PMP, is a 20+ year veteran of PMI SeminarsWorld, and serves as the "fun guy" of project management. Recipient of the 2019 PMI Global "Best of the Best" Eric Jenett award, Carl brings his unique sense of energy and humor to the classroom, focusing on practical case histories from clients around the globe. He's the author of seven project management textbooks, a past author of the risk chapter in A Guide to the Project Management Body of Knowledge (PMBOK® Guide)—Fourth Edition, and a contributor to over a half-dozen project management compendia. He coaches clients on risk management, managing multiple projects, communications, and strategic perspectives.  He's an expert on the latest editions of PMI's PMP and PMI-RMP certifications. His clients span the financial services, utility, manufacturing, health services, government, research, and environmental sectors. 

Course Information

2 Days
11 - 12 November 2020


Member Price
(US$1456.00 before 28 September)
Non-Member Price
(US$1612.00 before 28 September)
Government Pricing

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