Project Risk Management
Project Risk Managment course is designed for beginners and experience professional managing projects. It is equally important for a professionals who are managing Enterprise Risk Managment, Operational Risk Managment and Financial Risk Managment.
Risk
Project Risk Management
Project Risk Management course is designed for beginners and experienced professional managing Risks for projects. This course is equally important for professionals who are managing Enterprise Risk Management, Operational Risk Management, and Financial Risk Management.
This course illustrates the complete Risk management life cycle as described in PMI-RMP (Risk Management Professional) practice standard and ISO 31000.
Main Topics
1 – What is Risk?
2 – What is Risk Management?
2 – Risk Management Plan
3 – Risk Identification
4 – Qualitative Risk Analysis
5 – Quantitative Risk Analysis
6 – Risk Response Planning
7 – Risk Control
This course comes up with two (2) case studies. These case studies will help students to understand the practical approach towards Risk Management.
Goals
After completing the course, participants will be able to:
1 – Develop Risk Management Plan
2 – Interpreting Risk Matrix
3 – Understand and Manage Risk Registers.
4 – Perform Qualitative Risk Analysis on Risk Register
5 – Perform Quantitative Risk Analysis
6 – Perform Risk Response Planning
7 – Perform Stakeholder Analysis
8 – Monitoring and Controlling Risks
Course Curriculum
| Project Risk Management | |||
| What is Risk? | 00:01:00 | ||
| A Risk is an uncertain event or condition that, if it occurs, has a positive or negative effect on one or more project objectives. | |||
| What is Risk Management? | 00:01:00 | ||
| Risk Management is an organized, systematic and structured way to Plan, Implement, Execute and Control Risk related activities. | |||
| Risk Management Process | |||
| Risk Management Process | 00:05:00 | ||
| Detailed overview of complete Risk Management process. | |||
| Risk Identification | 00:05:00 | ||
| Risk Identification Process. Different methodologies to identify Risk. | |||
| Risk Management Plan | 00:01:00 | ||
| Risk Managment plan. Various components of Risk Managment Plan. | |||
| Risk Management Plan Mindmap | 00:04:00 | ||
| Risk Management Plan Mind Map illustrates the various components of the Risk Management Plan. | |||
| Qualitative Risk Analysis | 00:02:00 | ||
| What is Qualitative Risk Analysis? Performing Qualitative Risk Analysis by using Risk Matrix. | |||
| Risk Matrix or Heat Map | 00:03:00 | ||
| Overview of Risk Matrix. How to use Risk Matrix for Risk Analysis. It is also called as Heat Map. | |||
| Perform Qualitative Risk Analysis on Risk Register | 00:02:00 | ||
| Performing Qualitative Risk Analysis on Risk Register. Specifying Probability and Impact for a Risk to calculate the Risk Score. | |||
| Quantitative Risk Analysis | 00:02:00 | ||
| Quantitative risk analysis provides a numerical estimate of the overall risk effect on the project’s objectives. | |||
| Integrated Risk Analysis | 00:03:00 | ||
| Integrated Risk Analysis is doing Schedule and cost Risk analysis together using Monte Carlo Simulation. | |||
| Cost Risk Analysis | 00:09:00 | ||
| QCSA (Quantitative Risk Analysis) with the help o PERT. How to establish cost estimate and perform Cost Risk Analysis | |||
| Decision Tree Analysis | 00:02:00 | ||
| Decision Tree Analysis. Different terminologies use in Decision Tree Analysis. Developing Decision Tree for a Probabilistic Analysis. | |||
| Risk Response Planning | 00:09:00 | ||
| Risk Response planning is depending upon the Risk Rating. Risk Response planning helps to calculate schedule and cost contingencies or other alternatives. | |||
| Control Risk | 00:01:00 | ||
| Tracking identified risks. Monitoring residual Risk that are on watch list. Identifying new Risks. Risk Audit to evaluate Risk process effectiveness throughout the project. | |||
| Risk Communication | 00:01:00 | ||
| Identifying Communication requirements of the stakeholders and planning for Risk Communication. | |||
| Stakeholder Analysis | 00:07:00 | ||
| Stakeholder Identification. Stakeholder categorization on the basis of their Power and Interest. Performing Stakeholder Analysis to prioritize Risk communication. | |||
| Risk Response Planning and Control Risks on Risk Register | 00:02:00 | ||
| Performing Risk Control and Risk Response on Risk Register. | |||
| Case Studies | |||
| Case Study -1 RM | 00:20:00 | ||
| Case Study -1 illustrates how to understand the problem and how to develop a flow chart to have a thorough understanding of a complete process. Perform Integrated Risk Analysis for a Product Development Project | |||
| Case Study – 2 RM | 00:11:00 | ||
| Case Study - 2. How to perform Schedule Risk Analysis on Level - I schedule for a process Industry | |||
