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Risk Management Training for Projects, Programs, and Operations

Risk Management Training for Projects, Programs, and Operations

Course 286

Duration: 4 days
Labs: Yes
Language: English
23 PMI PDUs
Level: Intermediate

In this risk management training course, you will gain the skills to identify, measure, and analyze project risk at scale. You will also learn to ensure the success of your projects from beginning to end by:

Quantifying and creating a project risk management plan
Using the qualitative risk-analysis process to guide your risk management decisions
Determining risk mitigations and time and cost contingencies

Risk Management Training Delivery Methods

In-Person
Online

Risk Management Training Benefits

In this Risk Project Management course, you will:

Manage risk to deliver initiatives that meet stakeholder needs.
Apply scalable templates for your initiative with risk management plans, risk registers, and risk assessment matrixes.
Leverage a proven qualitative risk-analysis process to guide your risk management decisions.
Test your knowledge in the included end-of-course exam.
Leverage continued support with after-course one-on-one instructor coaching and computing sandbox.

To succeed in this course, you should have project management experience at the level of the following courses:

Risk Management Training Outline

Module 1: Overview of Risk Management

In this module, you will learn how to:

Recognize risks in initiatives
Use risk management best practices, tools, and techniques to achieve project success

Module 2: Designing Critical Platforms for Success

In this module, you will learn how to:

Create a risk management plan (RMP) using a standard template
Analyze the contents of a model RMP
Identify initiative risk and its common sources using checklists
Create Ishikawa diagrams to analyze risk cause and effect
Develop a risk register using a standard template
Analyze the contents of a model risk register
Document and communicate risks to stakeholders

Module 3: Improving Initiative Performance Through Qualitative Analysis

In this module, you will learn how to:

Analyze risks through qualitative measures, such as probability and impact analysis
Apply the probability and impact matrix
Prioritize analysis results by ranking project and operations risks
Differentiate between acceptable and unacceptable risks

Module 4: Analyzing Risks Using Quantitative Methods

In this module, you will learn how to:

Use common quantitative analysis tools, including Expected Monetary Value (EMV), three-point estimates, the Delphi technique, and more
Quantify effects of risk events on projects and operations
Determine the probability of cost and time objectives
Calculate contingency reserves
Identify trends in quantitative analysis

Module 5: Risk Response Planning

In this module, you will learn how to implement the seven-step process to risk response planning:

Accept
Avoid
Transfer
Mitigate
Exploit
Share
Enhance

You will also learn how to:

Create contingency plans
Determine the worst-case scenario
Recalculate confidence levels
Finalize risk budge

Module 6: Making Decisions Under Uncertainty

In this module, you will learn how to:

Assess the psychological factors that affect decision-making using the prospect theory
Recognize bias with utility theory
Maximize returns by using payoff tables
Deal with unknown risks using workarounds

Module 7: Monitoring and Controlling Risk

In this module, you will learn how to:

Identify emerging risks
Match identified initiative risk with controls such as risk audits, variance reports, and reserve analysis
Anticipate risk events through risk triggers
Measure risk using earned value analysis (EVA)
Ensure effective change control by developing a reliable change request process

Module 8: Leveraging Project and Operations Experience

In this module, you will:

Compile lessons learned in a risk database
Ensure continual process improvement

Get This Course $3,285

4-day instructor-led training course
After-course coaching available
After-course computing sandbox

#286

Aug 8 - 11 9:00 AM - 4:30 PM EDT

New York or Virtual
Sep 5 - 8 9:00 AM - 4:30 PM EDT

Toronto or Virtual
Oct 10 - 13 9:00 AM - 4:30 PM EDT

Herndon, VA or Virtual
Dec 5 - 8 9:00 AM - 4:30 PM EST

Ottawa or Virtual
Feb 6 - 9 9:00 AM - 4:30 PM EST

New York or Virtual
Apr 9 - 12 9:00 AM - 4:30 PM EDT

Herndon, VA or Virtual

4-day instructor-led training course
After-course coaching available
After-course computing sandbox

#286

Aug 8 - 11 9:00 AM - 4:30 PM EDT

New York or Virtual
Sep 5 - 8 9:00 AM - 4:30 PM EDT

Toronto or Virtual
Oct 10 - 13 9:00 AM - 4:30 PM EDT

Herndon, VA or Virtual
Dec 5 - 8 9:00 AM - 4:30 PM EST

Ottawa or Virtual
Feb 6 - 9 9:00 AM - 4:30 PM EST

New York or Virtual
Apr 9 - 12 9:00 AM - 4:30 PM EDT

Herndon, VA or Virtual

Bring this or any training to your organization
Full-scale program development
Delivered when, where, and how you want it
Blended learning models
Tailored content
Expert team coaching

#286

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Risk Management Training FAQs

To succeed in this course, you should have project management experience at the level of the courses Introduction to Project Management Training and Software Project Management Training, both offered at Learning Tree International.

Project risk is defined by PMI as, "an uncertain event or condition that, if it occurs, has a positive or negative effect on a project's objectives."

Certification candidates and existing credential holders are responsible for reporting all Continuing Certification Requirements Program (CCR) activities to PMI. To report the completion of a Learning Tree course, you can use the Online PDU Resources System.

Log into your PMI Account: https://www.pmi.org
Locate the claim code associated with your course
On your profile dashboard, click "Report PDUs"
Click "I have a claim code" and enter your course's claim code
Submit your entry

PDU Information for This Course:

Total PDUs: 23
Technical PDUs: 13
Leadership PDUs: 0
Strategic & Business PDUs: 10
PMI Claim Code: 1154Z0ZETN

Yes, this course is eligible for 15 CPDs.

In this course, you prepare you to perform and lead the risk management efforts in a wide range of initiatives, including projects, programs, portfolios and ongoing operations. This broad base of knowledge and skills is effective because of the continuing interaction of all of these elements of organizations. You learn to identify, analyze and prioritize risks and then to craft risk response strategies in order to deliver initiatives that meet your stakeholder expectations. You learn how to apply customizable, industry-robust templates to craft tailored Risk Management Plans and Risk Registers.

This course is valuable for anyone who is involved in or those who may become involved in project, program, portfolio or operations risk analysis and risk management. This course is beneficial to all stakeholders in a wide variety of organizations; large, mid-sized and small. Anyone who has an interest in controlling adverse impacts to a current initiative or ongoing operation or in finding new opportunities to pursue will also benefit from this course. Typical participants include managers who must justify a decision to proceed, modify, or cancel a project or program, portfolio managers, project leaders and project team members, line managers, analysts and system designers.

Many projects, programs and ongoing operations fail to achieve their expected outcomes, and to meet their anticipated schedule and budget performance because the stakeholders did not have a thorough understanding of situations that could cause unanticipated changes. In this course you learn to identify future events that may impede your initiative so that you can identify corrective actions before disaster strikes. Once you determine your alternatives, you can steer the initiative to successful completion. In fact, perceived risks often turn out to be hidden opportunities when managed correctly. This is one of the major benefits of risk management that is often overlooked by those who don't practice it.

You learn tools and techniques that assist with risk identification, qualitative and quantitative analysis of risks, and planning the responses to these risks. The interactive group exercises teach you to apply the project management processes during a case study project that builds throughout the course. You learn to develop and use a Risk Register to control your initiatives.

No! The math that is taught in the class is presented so that anyone will be comfortable with it. We take you step-by-step through the examples so that you can return to your project and immediately apply the knowledge.

Risk Management Training for Projects, Programs, and Operations

Risk Management Training Delivery Methods

Risk Management Training Benefits

Risk Management Training Outline

Module 1: Overview of Risk Management

Module 2: Designing Critical Platforms for Success

Module 3: Improving Initiative Performance Through Qualitative Analysis

Module 4: Analyzing Risks Using Quantitative Methods

Module 5: Risk Response Planning

Module 6: Making Decisions Under Uncertainty

Module 7: Monitoring and Controlling Risk

Module 8: Leveraging Project and Operations Experience

Risk Management Training FAQs

What are the prerequisites to Risk Management Training?

What is risk management in project management?

How do I earn Professional Development Units (PDUs) for this course?

Is this course eligible or PRINCE2 Continuing Professional Development (CPD) units?

What will I learn in this course?

Who will benefit from this course?

Why do I need this course?

What specific skills will I learn in this class?

Are high-level math skills required for this course?

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