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Project Risk Management  
Length: 2 days
Number of Participants: Up to 20

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Overview

  • Purpose

  • Opportunities, risks and problems

  • Risk processes

Risk Management Planning

  • Concepts and Definitions

  • Inputs

  • Charter

  • Organizational policies

  • Roles and responsibilities

  • Risk tolerances

  • Templates

  • Work breakdown structures

  • Tools and Techniques

  • Planning meetings

  • Outputs

  • Risk management plan

  • Methodology

  • Roles and responsibilities

  • Budgeting

  •  Timing

  • Scoring and interpretation

  • Thresholds

  • Reporting formats

  • Tracking

   Project Risk Exercise # 1 

 Risk Identification

  • Concepts and Definitions

  • Inputs

  • Risk management plan

  • Project planning outputs

  • Risk categories

  • Historical information

  • Tools and techniques

  • Documentation reviews

  • Information gathering techniques

  • Checklists

  • Assumptions analysis

  • Diagramming techniques

  • Outputs

  • Risks

  • Triggers

  • Inputs to other processes

Project Risk Exercise # 2 

    Qualitative Risk Analysis

  • Concepts and Definitions

  • Inputs

  • Risk management plan

  • Identified risks

  • Project status

  • Project type

  • Data precision

  • Scales of probability and impact

  • Assumptions

  • Tools and techniques

  • Risk probability and impact

  • Probability/impact risk rating matrix

  • Project assumptions testing

  • Data precision ranking

  • Outputs

  • Overall risk ranking for the project

  • List of prioritized risks

  • List of risk for additional analysis and management

  • Trends in qualitative risk analysis results

           Quantitative Risk Analysis

  • Concepts and definitions

  • Inputs

  • Risk management plan

  • Identified risks

  • Lists of prioritized risks

  • List of risks for additional analysis and management

  • Historical information

  • Expert judgment

  • Other planning outputs

  • Tools and techniques

  • Interviewing

  • Sensitivity analysis

  • Decision tree analysis

  • Simulation

  • Outputs

  • Prioritized list of quantified risks

  • Probabilistic analysis of the project

  • Probability of achieving the cost and time objectives

  • Trends in quantitative risk analysis results

Project Risk Exercise # 3

          Risk Response Planning

  • Concepts and definitions

  • Inputs

  • Risk management plan

  • List of prioritized risks

  • Risk ranking of the project

  • Prioritized list of quantified risks

  • Probabilistic analysis of the project

  • Lists of potential responses

  • Risk thresholds

  • Risk owners

  • Common risk causes

  • Trends in qualitative and quantitative risk analysis results

  • Tools and techniques

  • Avoidance

  • Transference

  • Mitigation

  • Acceptance

  • Outputs

  • Risk response plan

  • Residual risks

  • Secondary risks

  • Contractual agreements

  • Contingency reserve amounts needed

  • Inputs to other processes

  • Inputs to a revised project plan

           Risk Monitoring and Control

  • Concepts and definitions

  • Inputs

  • Risk management plan

  • Risk response plan

  • Additional risk identification and analysis

  • Scope changes

  • Tools and techniques

  • Project risk response audits

  • Periodic project risk reviews

  • Earned value analysis

  • Technical performance measurement

  • Additional risk response planning

  • Outputs

  • Workaround plans

  • Corrective action

  • Project change requests

  • Updates to the risk response plan

  • Risk database

  • Updates to risk identification checklists

     Project Risk Exercise # 4

Glossary of Terms

Course Wrap-up

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