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Information Technology

ATI's Project Risk Management course

Summary:

    This course will guide the student through the Risk Management process as defined by the Project Management Institute (PMI). Through a series of hands-on exercises the student will learn the proper methodology for managing risks.

Prerequisites:

    Students should have taken Project Management Overview and Leadership, Project Scope and Requirements Management, and Project Time and Cost Management.

Who Should Attend:

    This class is intended for Project Managers and employees responsible for managing and tracking projects.

Benefits of Attendance:

    Students will be able to:

    • define a project, program, and project management and its processes;
    • determine effective ways of integrating project management and general business management in an organization;
    • determine ways to effectively integrate a project across an entire enterprise to reduce the impact of change;
    • determine how ethics, integrity, and objectivity affect project management;
    • define Risk;
    • define the Risk Management process;
    • plan for risks;
    • effectively identify risks;
    • perform qualitative and quantitative risk analysis;
    • perform Risk Response Planning;
    • perform Risk Monitoring and Control; and
    • apply network activity techniques.

Course Outline:

    CHAPTER 1: OVERVIEW OF RISK MANAGEMENT

    CHAPTER 2: RISK MANAGEMENT PLANNING
    1) Determining How to Approach, Plan, and Execute Project Risk Management Activities
    2) Inputs to Risk Management Planning
    3) Determine Enterprise Environmental Factors, Organizational Process Assets, the Project Scope Statement, and the Project Management Plan
    4) Tools and Techniques for Risk Management Planning
    5) Planning Meetings and Analysis
    6) Outputs of Risk Management Planning

    CHAPTER 3: RISK IDENTIFICATION
    1) Inputs to Risk Identification
    2) Determine Enterprise Environmental Factors, Organizational Process Assets, the Project Scope Statement, the Project Management Plan, and the Risk Management Plan.
    3) Tools and Techniques for Risk Management Planning
    4) Documentation Reviews
    5) Information Gathering
    6) Checklist Analysis
    7) Assumptions Analysis
    8) Diagramming Techniques
    9) Outputs of Risk Identification

    CHAPTER 4: QUALITATIVE RISK ANALYSIS
    1) Inputs to Qualitative Risk Analysis
    2) Organizational Process Assets, Project Scope Statement, the Risk Management Plan, and the Risk Register
    3) Tools and Techniques for Qualitative Risk Analysis
    4) Risk Probability and Impact Assessment
    5) Probability and Impact Matrix
    6) Risk Data Quality Assessment
    7) Risk Categorization
    8) Risk Urgency Assessment
    9) Outputs of Risk Management Planning
    10) Risk Register Updates that include:
    11) Relative Ranking or Priority List of Project Risks
    12) Risks Grouped by Categories
    13) List of Risks Requiring Response in the Near-Term
    14) List of Risks Requiring Additional Analysis and Response
    15) Watch Lists of Low Priority Risks
    16) Trends in Qualitative Risk Analysis Results

    CHAPTER 5: QUANTITATIVE RISK ANALYSIS
    1) Inputs to Quantitative Risk Analysis
    2) Organizational Process Assets, Project Scope Statement, the Risk Management Plan, and the Risk Register
    3) Tools and Techniques for Qualitative Risk Analysis
    4) Data Gathering and Representation Techniques including: Interviewing, Probability Distributions, and Expert Judgement.
    5) Quantitative Risk Analysis and Modeling Techniques
    6) Outputs of Risk Management Planning
    7) Risk Register Updates

    CHAPTER 6: RISK RESPONSE PLANNING
    1) Inputs to Risk Response Planning
    2) The Risk Management Plan and the Risk Register
    3) Tools and Techniques for Risk Response Planning
    4) Strategies for Negative Risks or Threats including: Avoidance, Transference, and Mitigation
    5) Strategies for Positive Risks or Opportunities including: Exploiting, Sharing, and Enhancing
    6) Strategies for Both Threats and Opportunities including Acceptance
    7) Contingent Response Strategy
    8) Outputs of Risk Response Planning
    9) Risk Register Updates
    10) Risk owners and assigned responsibilities
    11) Outputs from Qualitative and Quantitative Risk Analysis
    12) Agreed-upon response strategies
    13) Specific actions to implement the chosen response strategy
    14) Symptoms or warning signs that a risk is about to occur
    15) Budget and schedule activities you must undertake if a risk occurs
    16) Contingency reserves of time and money
    17) Contingency plans and risk triggers
    18) Fallback plans
    19) Residual risks
    20) Secondary risks

    CHAPTER 7: RISK MONITORING AND CONTROL
    1) Inputs to Risk Monitoring and Control
    2) Tools and Techniques for Risk Monitoring and Control
    3) Risk Reassessment
    4) Risk Audits
    5) Variance and Trend Analysis
    6) Technical Performance Measurement
    7) Reserve Analysis
    8) Status Meetings
    9) Outputs of Risk Monitoring and Control

Tuition:

    Tuition for this three-day course is $1500 per person at one of our scheduled public courses. Onsite pricing is available. Please call us at 410-596-8805 or send an email to ati@ATIcourses.com.

Register Now Without Obligation