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Information Technology

ATI's Project Risk Management course


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Summary:

    Technical Training Short On Site Course Quote

      This three-day 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:

      This course is not on the current schedule of open enrollment courses. If you are interested in attending this or another course as open enrollment, please contact us at (410) 956-8805 or at ati@aticourses.com and indicate the course name and number of students who wish to participate. ATI typically schedules open enrollment courses with a lead time of 3-5 months. Group courses can be presented at your facility at any time. For on-site pricing, request an on-site quote. You may also call us at (410) 956-8805 or email us at ati@aticourses.com.

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