Be Proactive — Minimize Threats and Seize Opportunities!
Planning is everything. Proactive risk management allows a project manager to optimize project results by implementing proven tools to plan for both threats and opportunities. Increase the probability of project success by applying techniques to reduce threats and enhance unexpected opportunities.

Learn how to prepare a comprehensive risk management plan. Discover different approaches to identify, assess, and quantify risks and their impacts.

Learn risk prioritization and mitigation techniques, as well as approaches to monitor, control, and communicate risks throughout the project life cycle.

Change: What It Is, Why We Do It, and Why Most People Don’t Like It. Manage Risk at the Next Level!

This course will help you further your management capabilities by growing the skills required to develop and interpret complex quantitative risk analysis models in a highly experiential learning environment. This course will focus on the use of practical tools and effective quantitative methods to enable participants to implement practical strategies for effective risk management.

LEARN HOW TO:

• Prepare a risk management plan to guide your risk approach.
• Use multiple techniques to identify and document risks.
• Incorporate expected value, probability, and distribution into your risk analysis.
• Estimate and characterize the impact and timing of risks on your project.
• Determine and implement appropriate risk response strategies. Monitor and control identified and emerging risks.
• Communicate risks effectively to all project stakeholders
• Integrate risk management techniques and results into a balanced project management approach.
• Generate project risks using sophisticated risk identification tools, such as SWOT, cause and effect diagram, fishbone diagram
• Conduct quantitative cost risk analysis
• Measure the impact to a project schedule at merge points.
• Utilize probability distributions to select a defensible distribution and improve schedule estimates
• Interpret the results of a Monte Carlo simulation and modify your plan accordingly
• Generate project risks using sophisticated risk identification tools, such as SWOT, cause and effect diagram, fishbone diagram
• Analyze schedule risk using the tool, Risk Plus
• Conduct quantitative cost risk analysis
• Measure the impact to a project schedule at merge points
• Utilize probability distributions to select a defensible distribution and improve schedule estimates
• Interpret the results of a Monte Carlo simulation and modify your plan accordingly
  

COURSE TOPICS INCLUDE:

• Risk management planning
• Risk identification
• Qualitative risk analysis
• Quantitative risk analysis
• Risk response planning
• Risk monitoring and control
• Risk communication and culture
• The risk register
• Risk identification tools
• Quantitative cost risk analysis
• Quantitative schedule risk analysis
• Stochastic Modeling with Monte Carlo Simulation