19 Dec, 2014
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Audience

Project Managers, Programme Managers, Risk Managers, Team Leaders, Developers and anyone who wishes to enhance their knowledge of standard risk management techniques.

Dates (Bath):

19 Jan 2015

23 Mar 2015

18 May 2015

20 July 2015

21 Sept 2015

2 Nov 2015

Click for details & booking.

Also available on your site, please call for details.

Prerequisites

A basic knowledge of project management fundamentals and techniques.

Duration

3 days. Lecture presentations are supported by practical exercises which allow discussion, reinforcement of learning and enhancement of the understanding process.

Course Objectives

Risk is inherent in everything that we do and it is no surprise that risk management holds a high level of importance within project and programme management. Additionally, risk management is a rapidly developing discipline and there are many and varied views and descriptions of what risk management involves, how it should be conducted and what it is for. This course covers project risk and risk management in a combination of lecture and hands-on formats. The structure and detail of the course follow industry standard methods and, in particular, the Project Management Institute (PMI) body of knowledge.

The objectives of this course are to enable participants to:

  • Understand the nature of risk within programmes, projects and other forms of long or short term activity.
  • Be able to produce a risk management plan, create and maintain a risk register.
  • Understand the importance of communication and, in particular, communication with stakeholders.
  • Be able to identify risks inherent within a project or similar activity.
  • Carry out and document qualitative and quantitative risk analysis.
  • Understand how to monitor and respond to risk.

Course Content

Introduction to Risk Management
What is Risk?
Project Risk
Classifying Risk
The Project Environment
Development methods and Risk
PMBOK Approach to Risk Management

Risk Management Planning
Plan Risk Management Activity
Inputs Techniques and Outputs
Risk Management Plan Contents
Risk Breakdown Structure
Risk Impact Scales

Communication
Approach to Communications Management
Stakeholder Identification and Analysis
Stakeholder Management
Communication Requirements Analysis
Communication Models and Methods
Communications Management Plan
Managing Stakeholder Expectations

Estimating and Risk
Cone of Uncertainty
Sources of Error in Estimating
Sliding Planning Window
Top Down Estimating
Bottom Up Estimating
Estimating with ranges
Scheduling, Critical Path, Gantt Charts
Resource Assignment

Risk Identification
Scope and Work Breakdown Structure
Costs and Benefits Estimates, Duration Estimates
Checklist and Assumptions Analysis
Brainstorming
Delphi Techniques, Interviewing
Root Cause Analysis, Ishikawa Diagrams
Process Modelling, Rich Pictures, Mind Maps
Influence Diagrams
SWOT Analysis
Risk Register

Risk Analysis
Qualitative Risk Analysis
Probability and Impact Assessment
Risk Plotting
Probability and Impact Matrix
Risk Categorisation
Quantitative Risk Analysis
Three Point Estimating
Statistics and Estimating
Sensitivity Analysis, Tornado Diagrams
Sensitivity in Cost/Benefit Analysis
Expected Monetary Value Analysis

Risk Response Planning
Strategies for Dealing with Risks
Avoid, Transfer, Mitigate, Accept
Contingent Response Strategies
Risk Register Updates

Executing and Monitoring Risk
Risk Monitoring
Variance and Trend Analysis
Analysing Progress
Risk Register Updates

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