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Risk Management
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Provider:
ESI International
Topic(s):
Leadership & Management > Project Management
Who Should Attend?
Anyone involved in the Project Management field
Full Seminar Description
Work through a proactive approach to threat and opportunity - based on a clear understanding of the powerful nature of both qualitative and quantitative approaches to risk management. Examine threat and opportunity from both a top-down and bottom-up perspective using ESI's proven eight-step risk management process. Learn how to evaluate and respond to risk at the project and task levels. 3 days. 22.5 PDUs. Fee per person: $1,995.Project mamangement is opportunity management. It is the ability to seize oppertunities, minimize threats, and achieve optimum results. Too often, risk management is seen as reactive, or worse, unresponsive. Nothing could be further from the truth. In this Risk Management program, you'll work through the proactive approach to threat and opportunity -- based on clear understanding of the powerful nature of both qualatitive and quanative approaches to risk management.
Risk Management examines threat and opportunity from both a top-down and bottom-up perspective using ESI's proven seven-step risk management process. Using effective tools, including ESI's highly reguarded assessment model, you'll learn how to evaluate and repspond to risk at the project and task levels.
Included in the course is a four-part case study that takes you from a risk overview at the beginning of a project through the challenges of ongoing assessment and reassessment of threats and oppertunities throughout the project.
You'll end the program with new pratices to apply in your environment and new pratices to apply in your environment and new insights on the implications and advantages of allpying risk management well.
Participants taking this course should not take Software Risk Management.
YOU'LL LEARN HOW TO:
- Use a particle, seven-step process to manage project risk
- Identify threats and opportunities and weigh their relative value in your project
- Control multiple risks using limited strategies
- Overcome psychological barriers to risk in stakeholders and team members
- Make risk and opportunity integral components of your next project plan
THE BASIC FOUNDATIONS OF ALL RISK MANAGEMENT
- Definition and characteristics of "risk"
- Elements and factors of risk: Event (future occurrence), Probability (uncertainty), Impact (amount at stake)
- Types of risk
- Components of risk management: Identification, Quantification, Response development, Response control
ESTABLISHING A RISK MANAGEMENT PROCESS
- Identifying
- Analyzing
- Prioritizing
- Planning
- Executing
- Evaluating
- Documenting
IDENTIFYING RISKS
- Risk identification
- Idea generation tools and techniques
- Businesses vs. pure risks
- Financial risks
- Schedule risks
- Technical risks
- Legal risks
PERFORMING RISK ASSESSMENT
- Determining risk tolerances
- Analyzing risks
- Establishing and evaluating profitability
- Risk-based financial tools and techniques
- Expected-value analysis
- Decision trees
- Probability analysis
- Risk vs. opportunities
- Prioritizing risks
DEVELOPING RISK RESPONSES
- Risk response strategies for opportunities and threats
- Risk acceptance
- Risk avoidance
- Risk mitigation: Probability minimization, Impact minimization, Deflection
- Establishing reserves
IMPLEMENTING RISK RESPONSES
- Communicating risk issues
- Documenting risk management practices
- Reassessing risk
- Decision-making processes
RISK APPLICATIONS
- Statistical analyses
- Risk simulations
- Risk tools
Sponsor Background:
In 1989, ESI and The George Washington University School of Business and Public Management initiated the Project Management Professional Development Program as a corporate training program for one of the world's leading telecommunications companies.As the demand for project management expertise increased, ESI began offering public courses.
To date, more than 250,000 students from 50 countries around the world have benefited from the courses. As a result, our Project Management Professional Development Program has achieved the distinction of being the world's most comprehensive education program for building project management knowledge and skills.
Discounts and Payment Policy
Receive 10 percent off your registration when you sign up for two or more classes or you register yourself and a friend for the same course at the same time. You must sign up for the courses at the same time and pay in advance. Course discounts do not apply toward The Project Advantage course, the PMP Exam Preparation course or any e-training course.
In case of a course cancellation, substitutions can be arranged. Double Deal discounts cannot be applied to any past classes and are not applicable to e-training courses, the PMP Exam Preparation course or The ProjectAdvantage.
Quote From Past Participants:
This course filled in many gaps in my knowledge of project management. Our organization will benefit greatly. Senior Project Manager MotorolaGreat Information that I can immediately put to use in my projects. Business Technology Analyst Delta Air Lines
Excellent course. The practical application exercises really reinforce the theory. Contract Administrator Johnson & Johnson Medical, Inc.
Past Participants Include:
- Abbott Labs
- Amoco Corporation
- AMTRAK
- Bank of America
- The Boeing Company
- Dell Computers
- FedEx
- The Gillette Company
- Hewlett-Packard
- IBM
- Oracle
- Shell Oil
- US Postal Service
- World Bank
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