27 Mortimer Street
London W1T 3JF
Tel: +44 (0)20 7017 5550

    

 

PMI logo

This course supports your study towards PMP® Certification

 

Excellent! I really liked the instructor’s approachable and friendly presentation style. The examples were good.


Daniel Lee Sargeant
HR IT Project Manager
Novartis International AG

PMBOK® knowledge areas:

Project Time Management

Project Cost Management

Project Risk Management

Project Procurement Management

Risk Management


Course information

Duration: 3 days
PDUs: 22.5

Course Fee:
£1395 excl. VAT
€1995 excl. VAT

 

Learn how to:

  • Use a practical, eight-step process to manage project risk
  • Identify threats and opportunities and weigh their relative value in your project
  • Control multiple risks using limited strategies
  • Overcome psychological barriers to risk in stakeholders and team members
  • Make risk and opportunity integral components of your next project plan

Course Synopsis

Project management is opportunity management. It is the ability to seize opportunities, minimize threats, and achieve optimum results. In this course, you'll work through the proactive approach to threat and opportunity - based on a clear understanding of the powerful nature of both qualitative and quantitative approaches to risk management.

Risk Management examines threat and opportunity from both a top-down and bottom-up perspective using ESI's proven eight-step risk management process. Using effective tools, including ESI's highly regarded risk assessment model, you'll learn how to evaluate and respond to risk at the project and task levels.

Included in the course is a multi-part case study that takes you from a risk overview at the beginning of a project through the challenges of ongoing assessment and reassessment of threats and opportunities throughout the project.

You'll end the course with new practices to apply in your environment and new insights on the implications and advantages of applying risk management well.

Course Topics

  1. Introduction to Risk
    1. Definition and characteristics of "risk"
    2. Elements and factors of risk
      • Event (future occurrence)
      • Probability (uncertainty)
      • Impact (amount at stake)
    3. Types of risk
    4. Components of risk management
      • Identification
      • Quantification
      • Response development
      • Response control
  2. Risk Management Planning and Identifying Risks
    1. Risk management planning
    2. Risk identification
    3. Idea generation tools and techniques
  3. Analysis Fundamentals
    1. Probability and impact
    2. Presenting risk
      • Descriptive
      • Qualitative
      • Quantitative
    3. Probability analysis
  4. Analyzing and Prioritising Risk
    1. Determining risk tolerances
    2. Analysing risks
    3. Establishing and evaluating profitability
    4. Risk-based financial tools and techniques
    5. Expected-value analysis
    6. Decision trees
    7. Prioritising risks
  5. Risk Response Planning
    1. Risk response strategies for opportunities and threats
    2. Risk acceptance
    3. Risk avoidance
    4. Risk mitigation
      • Probability minimisation
      • Impact minimisation
      • Transference
    5. Establishing reserves
  6. Execution, Evaluation and Update
    1. Risk Response monitoring and control
    2. Execute risk strategies
    3. Contingency plans and work-arounds
    4. Risk evaluation
    5. Reassessing risk
    6. Risk documentation

Show All Topics

OpenCube