Project Risk Management & Threat Assessment

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.

Focus:
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.

Program Details:

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
Definition
Risk and Threat Types
Project Risks: Budget & Time
Product (Business) Risks:Management Risk, Customer, Misuse, Cost per Use, and Scope Change
Technical Risks
The Risk Team
Characterizing Risks

Risk Assessment Activities
Identification Methods and Checklists
Probability (Developing the Probability Matrix)
Assess the Impact
Severity
Risk Prioritization
Manage the Risks
Potential Mitigation Strategies: 1)Lower Probability, 2)Lower Impact, 3)Lower Loss

Quantifying the RiskProbability – Rating the Likelihood
Frequency
Cost per Occurrence
Potential Loss per Occurrence

Risk Evaluation
Risk Projection
Assessing the Risk: 1)Acceptable, 2)Impossible, 3)Infeasible
Risk Referent Level
Risk Evaluation
Risk Management Alternatives
Contingency Possibilities

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?)

Mitigation Plans
Contingency Options and Plans (Do contingency plans necessarily mitigate risks?)

Returning from Contingency
Risk Tracking and Control Methods: 1)Measures, 2)Job Aides

Conclusion:
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 sandy@omicron.edu or 404-255-0096 for information, scheduling, and fees.