Managing Risk on Projects
DescriptionTopics: 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