Name of Course:        Risk Management

Course number:            2169-JTC210

Description

This course is a case study based, hands-on approach to risk management.  Using a standard risk management process and armed with tools and templates, participants will be able to assess the overall risk of a project and analyze stakeholder tolerance.  In a case study based environment, attendees will create a comprehensive and structured list of risks and be able to analyze them using both objective and subjective analysis approaches.  A realistic response plan will be created and ways to monitor and control risk will be explored.  The course covers tools for all of the risk management processes identified by PMI® and provides a complete set of templates and examples.

Target Audience

Project managers and project participants who need risk management skills.

Pre-requisites

A basic project management course (such as Managing Projects and Leading People), or equivalent knowledge.

Duration:                    Two days

PDUs:                         16 PDUs

Objectives

	Review the risk management processes identified by PMI®
	Use a set of tools and templates designed to support these processes
	Build a risk management plan
	Assess stakeholder tolerance to risk
	Perform techniques to identify and analyze risks
	Evaluate risk response alternatives and know when to select each alternative
	Monitor the impact of risk plans and take corrective actions

Instructional Methods

Lecture, group discussions, individual practices and case studies teach and reinforce risk management topics.

Topics Covered:

	Introduction Review course objectives and agenda Definition of terms Review of risk processes
	Risk Management Determine approaches to risk Perform stakeholder analysis Integrate the risk plan with the project plan Create a risk management plan
	Risk Identification Review inputs and outputs Review tools for gathering risks Categories of risk Ensuring we get the root cause not the symptom Create a Risk List
	Risk Filtering What is filtering? Filtering techniques Create a filtered risk listing
	Risk Analysis Analyzing impact Estimation techniques Analyzing probability Basic probability theory Practical probability analysis for IT projects Expected monetary value Decision trees in the risk context Other prioritization approaches Analyze and prioritize risks
	Responding to Risk Types of responses Avoiding Transferring Mitigating Accepting How to find the right response Responding to the case study risks Solving one risk creates another
	Monitoring Risk Looking for triggers Periodic assessment Status reporting on risk Evaluate the impact of responses Find triggers in the case study
	Documenting Risk Forms and templates Best practices Why document?
	Summary Lessons learned How to implement in real life Evaluations