Controlling Project Risk: Managing Threats and Promoting Opportunities

PT6371
Summary
Every project has issues. Issues are threats to a project that have materialized, and they can drain a project team of needed energy and time. Experience has shown us that proactive management of project risk can reduce the incidence and severity of issues by up to 90%. Every project has opportunities. When found, opportunities can lead us to lower cost, savings in time, higher quality and a happier customer. The advantages to proactive management of risk are enormous, but how can we do this in a way that actually works? This course moves beyond the standard project management curriculum by explaining how to manage both sides of risk: threats and opportunities. You will be led through a series of exercises, each of which contributes to establishment of an effective Risk Management Practice. Among other things, you will discover that projects are filled with opportunities, if you know where to look for them.
Prerequisites
This course assumes familiarity with basic project management concepts as well as some experience in the planning and execution of projects. The Effective Project Management course or the equivalent is suggested to ensure a firm grounding in Project Management concepts.
Duration
3 Days/Lecture & Lab
Audience
This course is of special value to project managers who want a more complete understanding of Risk Management; experienced project managers who want to add to their toolkit of Risk Management tools and techniques; functional managers with project responsibility who want to understand what they can do to manage risk in their projects; and Project Management Office staff who want to better manage the risks in their project portfolio.
Topics
Introduction
  • Basic Concepts
  • Planning for Risk Management
  • Risk Identification
  • Risk Analysis
  • Risk Response Planning
  • Risk Monitoring and Control
  • Understanding Opportunity
  • Finding Opportunity

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