Project Risk Management - Full-day Class
Managing risk is essential to project success. The occurrence of rework,errors, and injury can be reduced or eliminated when risk is identified, controlled, and responded to on a project. Risk assessment and management is a proactive way to improve the delivery of cost, schedule, and performance on your projects. In fact, studies conducted by the Project Management Institute (PMI) quote a 90% decrease in project problems when risk management is used. Through risk management, the project manager gains control of the project, rather than having the project control the project manager. Through exercises and class discussions, this 8-hour workshop allows participants to practice key roles in the risk management process for projects. The focus of this seminar is to provide simple, practical approaches and techniques for managing risk – taking the complex and making it simple.
How You Will Benefit:
By the end of this one-day class, you will understand how to manage risk within a project from beginning to successful completion. You will understand how to:
• Use templates and techniques for identifying and evaluating risk
• Determine people’s profile for risk in your company or department
• Manage risk in project phases
• Assess impact and probability of risk
• Identify ways to avoid, mitigate, transfer, or accept risk
• Create contingency plans
• Determine responses to identified risks
Course Outline:
INTRODUCTION
A. Course Purpose/Goal
B. Course Map
C. Introduction
D. Learning Objectives
CONTEXT/FRAMEWORK
A. Risk Definitions
B. Obstacle Identification
C. Risk Management Cycle
D. Risk in Project Phases
E. Two Person Exercise
PLANNING KICK-OFF
A. Kick-Off Meeting
B. Project Plan – Scope
C. Breakout Workshop #1
D. Work Breakdown Structure
E. Breakout Workshop #2
F. Breakout Workshop #3
RISK PLANNING
A. Risk Management Scalability
B. Gathering Documents
C. Risk Tolerances
D. Assessing Risk Tolerances – Workshop I
E. Risk Management Plan
RISK IDENTIFICATION
A. Risk Factors
B. Authority
C. Risk Identification Tools and Techniques
D. Risk Identification Outputs
E. Categories of Risk
F. Categories of Risk – Workshop II
G. Project Warning Signs
H. Categories of Risk – Workshop III
I. Risk Identification – Workshop IV
J. Managing Risk with Assumptions
K. Assumptions Schedule – Example
RISK RESPONSE PLANNING
A. Risk Avoidance
B. Risk Transference
C. Risk Mitigation
D. Risk Acceptance
E. Contingency Plan
F. Assumptions
G. Risk Response Planning
H. Two Person Exercise
I. Scheduling Tips
J. Contingency Plans
K. Contingency Plan – Workshop VI
L. Building a Risk Management Plan
M. Risk Table
N. Rating Impact and Probability
O. Risk Scoring
P. Complete Risk Table – Workshop VII
RISK MONITORING AND CONTROL
A. Risk Reviews
B. Results of Risk Monitoring and Control
C. Managing Risk with Assumptions
D. Assumptions Schedule – Example
SEMINAR CLOSE
A. Next Steps for Managing Risk
B. Administration
C. Learning Objectives
D. Appendix: Stakeholder Analysis Form
E. Appendix: Risk Assessment Template
F. Appendix: Risk Table – Full Form
G. Appendix: Bibliography/Suggested Reading
Who Should Attend:
All former Project Management Training participants, Project Managers, Program Managers, Senior Team Members, Engineers, Scientist, Technical Leaders, and Functional Managers.