PROJECT RISK MANAGEMENT
Saturday Classes are available for those who cannot find time during the week.
The Project Risk Management
Project Risk Management includes the processes of conducting risk management planning, identification, analysis, response planning, response implementation, and monitoring risk on a project. The objectives of project risk management are to increase the probability and impact of positive risks and decrease the probability and impact of negative risks, in order to optimize the chances of project success (PMBOK® Guide).
Who Is The Training Aimed At?
This course is tailored for the PM Practitioner who wish to gain in-depth knowledge of the Project Risk Management Knowledge Area.
Learners completing this course, will be able to demonstrate an understanding of the following Project Risk Management processes:
Plan Risk Management - The process of defining how to conduct risk management activities for a project.
Identify Risks - The process of identifying individual project risks as well as sources of overall project risk and documenting their characteristics.
Perform Qualitative Risk Analysis - The process of prioritizing individual project risks for further analysis or action by assessing their probability of occurrence and impact as well as other characteristics.
Perform Quantitative Risk Analysis - The process of numerically analyzing the combined effect of identified individual project risks and other sources of uncertainty on overall project objectives.
Plan Risk Responses - The process of developing options, selecting strategies, and agreeing on actions to address overall project risk exposure, as well as to treat individual project risks.
Implement Risk Responses - The process of implementing agreed-upon risk response plans.
Monitor Risks - The process of monitoring the implementation of agreed upon risk response plans, tracking identified risks, identifying, and analyzing new risks, and evaluating risk process effectiveness throughout the project.
Basic Project Management Experience
Project Management Fundamentals