This course provides an overview of project risk management techniques. Participants will learn how to identify project risks and manage those risks throughout the project life cycle. Specific emphasis will be placed throughout the course with having a proactive mindset with response to risk for effective project management.
"The first class I've taken where I've gotten more than just PDU's. And I've taken many! Excellent use of stories or quotes that are applied to the subject (risks). This class is better than the best!" P. Theriault, American Airlines
Learning Objectives:
After completion of this course the participant will be able to:
Define risk management
Understand the advantages of risk management as a process
Identify all project risks in a team environment
Write effective risk statements
Perform qualitative risk analysis for project risks
Develop the criteria for a qualitative risk matrix
Plot qualitative risks on a risk matrix
Perform quantitative risk analysis for project risks
Use three point estimates to characterize costs and schedule risks
Perform expected value calculations
Select quantitative or qualitative risk analysis based on the +'s and -'s of each method
Generate risk response plans
Screen and prioritize risks
Communicate Risks to project stakeholders to maximize customer satisfaction
Explain how our "risk attitudes" affects how we manage risks
Understand the importance of updating risk plans
Recognize that risk monitoring and control is an ongoing process
Course Agenda
Introduction
Project Management is Risk Management
Introductions
Course Logistics
Risk Management Planning
Definition of Risk Management
Risk Management Advantages
Characteristics of Risks
Risk Attributes
Situation
Time
Association
Risk Management and the Project Life Cycle
Risk Identification
Methods of Risk Identification
Risk Identification and the Work Breakdown Structure
How to Write Effective Risk Descriptions
Characteristics of Good Risk Descriptions
Qualitative Risk Analysis
Advantages of Qualitative Risk Analysis
When to use Qualitative Risk Analysis Methods
The Five by Five Risk Matrix
Establishing Likelihood Scales
Establishing Impact Scales
Four by Four and Three by Three Risk Matrices
Prioritization with a Qualitative Risk Matrix
Risk Management Questionnaires
Quantitative Risk Analysis
Probability and Statistics Review
Central Tendency
Dispersion
Central Limit Theorem
Expected Value
Expected Value and Reserve
Task
Project
Program
Decision Trees
Advantages and Disadvantages of Decision Trees
Qualitative and Quantitative Risk Analysis Compared
Risk Response Planning
Avoidance
Transference
Mitigation
Acceptance
Implementing Risk Response Plans
Risk Prioritization
Screening Risks
Pair-wise Comparisons
Risk Response Matrix
Risk Monitoring and Control
Risk Attitudes
Risk Neutral
Risk Seeking
Risk Averse
Risk Attitudes over the Project Life Cycle
Updating Risk Plans
About the Instructor
Many people choose a physician by finding out who doctors send their family to when they need medical attention. They are looking for the doctor's doctor, the best of the best. Dr. Brown is a doctor's doctor when it comes to project management. He was chosen to evaluate and update the curriculum of one of the largest project management training companies. He was chosen by one of the leading project management software vendors to evaluate their product. McGraw Hill recently published his book The Handbook of Program Management.Leading companies in the business of project management choose Dr. James T. Brown when they need project management expertise.
Read about Dr. Brown.
"Excellent approach to project management. Dr. Brown's pragmatic and realistic application of project management principles is the best and most usable doctrine I have seen." G. Esten, Nuance Corp.
"You are at risk if you don't attend this program." P. Leone, Palm Beach County Schools
Target Audiences: Project Managers, Project Team Members, Stakeholders
Length: Custom
To schedule this project management training workshop, call 321-269-1222 or email
Dr. James Brown.
More Client Comments about this course
Excellent and engaging!. T. Coil, Bridgestone Americas
Excellent - entertaining and informative - will get the participant thinking about gaps in their current risk management practices. S. Gadolin, AT&T
The Risk Management class provides project managers and key stakeholders a great set of tools to reduce risks for future projects. R. Brough, Lifeway
Informative, useful, applicable, fun! J. Randler, Dell
A common sense approach to risk management that can be used in the real world. Useful tools and techniques that we can use now.D. Simmons, The Boeing Company
Logical, common sense approach J. Gibson, Siemens Healthcare
Outstanding, relevant, timely. Brings home the value of risk management from beginning to end. R. Mueller, SAIC
Dr. Brown provides practical advice from the theory of risk management, and effectively shares from his personal experience that it can work. Recommended if you are wanting to excel in this area. D. Lance, Schneider Electric
Excellent class! Good tools that I can use in my work, practical application of concepts. L. Nawrocki, InfoPrint Solutions Co
The program provided a refreshing look at risk management unincumbered by strict process guides. The project manager responsibility of ownership of risk management requires practical tools methods + perspectives provided in this course. G. Jaeger, ATI
Wonderful. Risk can be very dry. Dr. Brown made the topic, tools, processes approachable and understandable. Great! K. Robertson, McCamish Systems
It was absolutely GREAT!, S.Zamboni
This was excellent. I don't get a lot of opportunity to work on risk management in my current position, so this was a great refresher and an eye opener on why some issues have occurred on our project. D. Seymour, Premera Blue Cross
Excellent. Dr. Brown simplifies the content and makes it easier to understand through his stories. A. Senzamici, Imagesource
Dr. Brown made risk management a practical, common sense approach. F. Trimble, FLT Consulting Inc.
Awesome - course topics were delivered in a matter that linked them to real world experiences. Dr. Brown is engaging. J. Kashiri, Georgia State Personnel Administration
Great Seminar; useful tools, kept course moving - good audience participation. B. Kinney, General Dynamics
Dr. Brown's class on risk management provides a look into various tools and methodologies in an easy to understand and entertaining format. R. Keller, ImageSource
Dr. Brown's approach, style, and method for communicating risk management made the course very enjoyable and educational.. D. Pavao, Verizon Wireless
Excellent - Best course I have attended in years. Relevant information with good instruction and examples. D. Applegate, Panasonic Avionics
Outstanding, informative, and relative. S. Gore, ATI
The seminar was excellent! The real world advice made risk management seem like something our organization can achieve. L. McGeorge, South Carolina Federal Credit Union
The program was a pleasure to attend. Dr. Brown made the content fun and engaging. There were many new ideas that I will be able to bring back to my organization. A. Nymo, General Mills
Great pace, exercises were good. This course provides tools and tips that I can use immediately. D. Edwards, ATI
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