Project Risk Management

Project Risk Management. A one or two day course designed to familiarise participants with the following concepts and practise their application through exercises:

  1. Foundation concepts – definitions of risk, risk management process overview, characteristics of high-risk projects, and classic causes of project failure.
  2. Risk identification – process, collecting risk events, confirming and structuring risk events for treatment, and initial risk treatment options.
  3. Qualitative risk analysis – accelerating risk analysis, clearing risk action, and ensuring an effective qualitative risk analysis process.
  4. Quantitative risk analysis – for higher-risk projects, foundation quantitative analysis concepts, probability theory, use of discrete quantitative techniques, applying appropriate quantitative tools, and ensuring an effective quantitative risk analysis process.
  5. Risk response planning – active response strategies, risk acceptance via contingency planning and reserves, and ensuring an effective risk response planning process.
  6. Risk monitoring and control – risk plan maintenance, risk assessment, and ensuring an effective monitoring and control process, post-project risk management evaluation and application of risk management maturity models.

 



Blog

My latest thoughts on Project Management and life.

Monte Carlo Simulation

The Project Management Body of Knowledge (PMBOK Edition 6) advocates the use of Monte Carlo simulation for performing quantitative risk analysis.

In the project management...

Time Management

Among other changes, the Project Management Institute in their latest Project Management Body of Knowledge (PMBOK Edition 6) has sensibly renamed the “Time Management”...

Quitting our Project – Prematurely!

“You’ve got to know when to hold ‘em

Know when to fold ‘em


Know when to walk away


And...