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Risk Assessment and Contingency Planning Skills
Effectively Identifying and Neutralizing Risks to Achieve Project Success
All projects involve risk. In today's business climate even the most well-prepared plans must be flexible enough to meet and overcome unexpected challenges. To quantify and manage risk, successful project managers must thoroughly analyze and quantify risk before and during a project, as well as develop effective response strategies to deliver projects that meet stakeholder demands.
Effective project managers apply critical thinking skills to effectively analyze and determine appropriate solutions to address at-risk projects. They need strong leadership, communication and problem-solving skills to recognize the potential for delay, disruption, or rework, and to implement contingency plans as needed. They know how to balance scant resources and deliver under strict deadlines in the face of ever-increasing customer expectations, and are better equipped to make sound decisions and lead their projects to success.
Managing project risks and developing contingency plans to keep projects on track are critical competencies for today's project managers.
The following courses will help you develop the critical project risk management skills needed for achieving project success.
Project Risk Management
Course 286 • 4 Days
You will learn how to:
- Manage project risk effectively to deliver successful projects that meet stakeholder needs
- Apply customizable, industry-robust templates to create a Risk Management Plan and Risk Register
- Leverage a proven 7-step qualitative risk analysis process to identify risk exposure
- Translate risk into actual time and cost impact using proven quantitative risk analysis tools
- Utilize a tested 7-step technique to design your risk response strategies
- Monitor risk triggers to control uncertainties and maximize project payoff
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Project Recovery: Diagnosis, Strategy and Prevention
Course 921 • 3 Days
You will learn how to:
- Develop an effective framework to recover failing projects
- Plan and perform an objective assessment of the project status
- Create the recovery plan to get the project back on track
- Integrate the recovery plan into the existing project environment
- Monitor and evaluate the recovery plan to ensure success
- Effectively close the project and leverage the lessons learned
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Project Scheduling: Controlling the Project Timeline
Course 248 • 3 Days
You will learn how to:
- Develop realistic schedules to achieve timely project delivery
- Construct project network diagrams to identify the sequence of work
- Calculate Critical Path to determine the project duration
- Effectively assign resources to build a realistic baseline schedule
- Perform schedule analysis and recommend corrective actions to keep the project on track
- Build readable and reliable project reports to keep stakeholders informed on progress
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Strategic Project Management:
Achieving Organizational Goals
Course 287 • 4 Days
You will learn how to:
- Manage complex projects involving substantial budgets, strategic risks and aggressive time scales
- Determine key business benefits and project financial feasibility
- Align your cross-functional projects with organizational strategy and life cycles
- Communicate effectively with key stakeholders to ensure project success
- Monitor and report project progress using Earned Value Management
- Evaluate vendor proposals using a contracts and procurement process to match the project requirements
- Prepare and present project-based proposals to solve business needs
- Design an effective change management process that delivers and supports strategic business projects
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Critical Thinking and Creative Problem Solving
Course 284 • 3 Days
You will learn how to:
- Make better decisions through critical thinking and creative problem solving
- Adapt to different thinking styles in group and team environments
- Recognize and remove barriers to individual and group creativity to foster an innovative work environment
- Systematically analyze a target problem
- Present your ideas clearly and concisely for maximum stakeholder buy-in
- Transform your creativity into practical business solutions
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