Project Risk Management Workshop

​Challenge

​Failure to address risk proactively and continuously is the reason most projects fail to achieve their original objectives.


Project Risk Management is the process of developing an appropriate project risk management plan, identifying risks, analyzing risks, developing appropriate responses to risks, and monitoring risk triggers.

With the amount of money being invested in projects of every type, ignoring risk management is simply bad business.

 

 

Core Concepts

Basic ConceptsIntroduction to the risk management process.
Discuss high-risk projects, and what makes them high risk.
Address the most common failures in risk management.
Planning for Risk ManagementStart risk planning at the project initiation & selection stage.
Perform project level risk assessments.
Define the right degree of risk management for a specific project.
Identifying RisksLocate risk in project scope, schedule and resource.
Use tools and techniques for identifying and documenting known risks.
Examine strategies for seeking missing risks.
Perform Qualitative Risk AnalysisCompare qualitative vs. quantitative risk analysis methods.
Use a risk probability and impact matrix to assess and prioritize risks.
Add analytical information to qualitative tools & make them more useful.
Managing Project RiskDiscuss ideas for managing project level risk, including project documentation requirements,
Select metrics to track and calculate risk management reserves.
Use specification change management as a risk mitigation method.
Monitoring and Controlling Risky ProjectsApply the risk plan by monitoring the project, collecting status, using metrics, and performing trend analysis.
Perform on-going modification and optimization of risk plans.
Respond to issues and communicate to affected stakeholders.
Closing ProjectsReview and perform risk re-assessment at project closure.
Perform project retrospective analysis.
Document lessons learned about risk plan effectiveness.

Real Business Results

By completing this workshop, participants will be able to:

  • Manage project risks as soon as they return to their office
  • Plan and implement risk management on any type of project, including high-risk projects
  • Teach risk management to others
  • Identify and assess every major type of project risk
  • Make plans for preventing and responding to risk events
  • Monitor and control risk by use of forward-looking risk triggers
  • Collect and document lessons learned for future projects

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