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

    

 

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This course supports your study towards PMP® Certification

 

Lots of “lessons learned” to take back to the office. Good examples from real-life projects.


Martin Buehler
Project Manager
Stibo Catalog

PMBOK® Guide knowledge areas:

Project Time Management

Project Cost Management

Project Risk Management

Project Procurement Management

IT 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 IT project risk
  • Identify threats and opportunities and weigh their relative value in your project
  • Develop practical response strategies for common IT project risks
  • Overcome stakeholder and team member roadblocks to risk strategy implementation
  • Make risk and opportunity integral components of your next IT project plan

Course Synopsis

In this course, you’ll learn to look at risk management as a way to seize opportunities, minimize threats and achieve optimum results. 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.

IT Risk Management examines threat and opportunity from the perspective of 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. You’ll apply these tools from the course material to analyse and classify risks, determine how to establish an acceptable level of risk and develop a practical risk response plan.

Included in the course is a multi-part case study that takes you from a risk overview at the beginning of an IT project through the challenges of ongoing assessment and reassessment of threats and opportunities throughout the project. Included in the participant course material is comprehensive reference material that is specific to each unit of the course.

You’ll leave this course prepared to face the challenges and opportunities of risk management 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
    3. Types of risk
    4. Components of risk management
  2. Risk Management Planning and Identifying Risk
    1. Risk management planning
    2. Risk Identification
    3. Idea generation tools and techniques
  3. Analysis Fundamentals
    1. Probability and impact
    2. Presenting risk
    3. Descriptive
    4. Qualitative
    5. Quantitative
    6. Probability
  4. Analysing Risk Responses
    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. Probability analysis
    8. Risks versus opportunities
    9. Prioritising risks
  5. Developing Risk Responses
    1. Risk response strategies for opportunities and threats
    2. Risk acceptance, avoidance, transference and mitigation
    3. Establishing reserves
  6. Risk Execution, Evaluation and Update
    1. Risk response monitoring and control
    2. Execute risk strategies
    3. Contingency plans and workarounds
    4. Risk Evaluation
    5. Reassessing risk
    6. Risk documentation

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