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Project Risk Management

Approved by Project Management Institute(PMI)-USA, conducted conforming to PMI Quality Assurance criteria

“The person who risks nothing, does nothing, has nothing, is nothing, and becomes nothing

Do you get surprised by unexpected events during your projects? Are you tired off with fire fighting? Well you are not alone.

Who can predict the outcomes of projects with 100% certainty ? However you can influence the outcome by proactively avoiding risk or by planning responses to deal with them effectively.

The goal of this course is to impart knowledge and skills required to manage risk proactively using risk management tools and ensure project success

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For whom
  • Project Managers
  • Program Managers
  • Team Leaders and Team Members working on projects
How You Will Benefit
  • Learn risk management foundation concepts
  • Develop a risk management plan for your project
  • Formulate risk governance policies and structure
  • Identifying and organizing risk for treatment
  • Apply qualitative risk analysis techniques for ranking
  • Quantify risk for effective response planning
  • Develop cost effective risk response plan
  • Monitor and control risk for stability
Course Content

Basic risk concepts

  • Definitions of risk and risk management
  • Project risk characteristics
  • Risk management process overview
  • Elements and factors of risk
  • PMBOK Guide's risk management processes
  • Common causes of project failure

Risk Management Planning

  • Portfolio and program management risk
  • preparing a risk management plan
  • Organization management and project risk

Risk identification

  • Risk identification overview
  • Risk identification techniques
  • Risk identification process
  • Risk identification outputs

Risk Communication

  • Overview of risk communication domain
  • Reporting the status of the project risk
  • Risk implication of stakeholder management
  • Communicating Risk to stakeholders

Risk Analysis Domain – Qualitative Process

  • Analysis Fundamentals
  • Analyzing probability and impact
    Presenting risk
    Descriptive
    Qualitative
  • Assessing data quality
  • Qualitative risk analysis overview
  • Analyzing urgency
  • Ranking risks qualitatively

Risk Analysis Domain – Quantitative Process

  • Overview of quantitative analysis
  • Prioritizing risks quantitatively
  • Using quantitative techniques
  • Establishing control limits applying discrete and continuous quantitative tools

Risk Response Planning

  • Risk response planning overview
  • Planning risk responses for opportunities and threats
  • Establishing reserves

Risk monitoring and control

  • Implementing Contingency Responses
  • Risk evaluation
  • Risk documentation
  • Risk Response monitoring and control'
  • Reassessing risk

Risk Governance

  • Overview of risk governance domain
  • Issues related to risk
  • Project risk governance across life cycle
Course Details
  • Course No : 2969-PRM201 
  • 14 PDUs 
  • Commencement : See Schedule

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Key Takes Aways
  • comprehensive study guide, PRM tool box, PRM template brief case
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Courses - PMI® Certifications
Project Management Professional (PMP®)
Cetified Associate in Project Management (CAPM®)
PMI-Risk Management Professional (PMI-RMP®)
Agile Certified Practitioner Preparation Program (PMI-ACP®)
PDU Courses
Agile Scrum Fundamentals
(8 PDUs)

Effective Project Management
(14 PDUs)

Continuous Process improvement
(14 PDUs)

Project Risk Management
(14 PDUs)

Advanced Strategic Project Management (21 PDUs)
Project Portfolio Management
(07 PDUs)

Project Management for Senior Executives (14 PDUs)

PDU Courses
Effective Program Management
(14 PDUs)

Organizational Project Management Maturity Assessment (7 PDUs)

Implement Project Management Office(14 PDUs)
Lean Methodology (7 PDUs)
Deploy Project Management Methodology (14 PDUs)
Introduction to Six Sigma
(7 PDUs)

Other Courses
Diploma in Project Management (English)
Diploma in Community Project Management
Foundation in Project Management
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