Objective: To reinforce and introduce additional techniques for successful Risk Management in single and multiple projects. Completion of this program earns 7 PDU Credits.This program is recognized and approved by the Project Management Institute, and completion of it will earn you 7 PDU credits.
Target Audience: Project Managers and all individuals responsible for projects who want to transition to a systematic approach to Threat and Risk Assessment.
Identify stakeholders of a project, and work with them to determine missions, scope and objectives, and the project’s “Critical Success Factors”. Identify and categorize the Risks and Threats to the Project (Schedule and Budget) and the Product (Scope and Quality).
Learn and Use the Threat / Risk Analysis Process.
As necessary, develop methods to Mitigate the project’s risks and develop Contingency Plans.
Track and Control the Risks and the effectiveness of their mitigation strategies.
Manage the project’s scope, and implement a Change Management program.
Best Practices in Project Management
Review the Project Management Process
Planning – The Work
Organizing – The Team
Control & Tracking – The Metrics
Change Management – Responding to the Business
Risk Assessment and Threat Analysis
Risk and Threat Types
Project Risks: Budget & Time
Product (Business) Risks:Management Risk, Customer, Misuse, Cost per Use, and Scope Change
The Risk Team
Risk Assessment Activities
Identification Methods and Checklists
Probability (Developing the Probability Matrix)
Assess the Impact
Manage the Risks
Potential Mitigation Strategies: 1)Lower Probability, 2)Lower Impact, 3)Lower Loss
Quantifying the RiskProbability – Rating the Likelihood
Cost per Occurrence
Potential Loss per Occurrence
Assessing the Risk: 1)Acceptable, 2)Impossible, 3)Infeasible
Risk Referent Level
Risk Management Alternatives
Developing Contingencies, Risk Options, and Alternatives
Options and Impact: 1)Mitigation Strategies, 2)Contingency Plans, 3)The Difference
Determining the Risk “Triggers” (When do we go to Contingency?)
Contingency Options and Plans (Do contingency plans necessarily mitigate risks?)
Returning from Contingency
Risk Tracking and Control Methods: 1)Measures, 2)Job Aides
Review Major Topics / Issues
Participants Critique Class
Instructional methods for this one day program are lecture, discussion, exercises, and workshops. Program
also includes participant discussion and feedback of on-going single and multiple project situations.
Program Length: One Day
Professional Skills are the Key to the Effective Application of Technology to the Business Process.
Contact Sandy Gaston at firstname.lastname@example.org or 404-255-0096 for information, scheduling, and fees.