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PMI Registered Education Provider

IIBA Endorsed Education Provider

IT PM and BA Staffing Partner
ConsultUSA
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Advanced Risk Management Skills

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Upcoming Offerings

Category

Project Management

GSA Eligible

This course is eligible for the GSA Pricing Schedule

Pricing and PDU

Traditional ClassroomTraditional Classroom - 7 Hours
Earn: 7 PDUs (7.00 Technical)
List Price: $495 (All courses are available for private delivery for groups. To register multiple students from one company using one form of payment, please call 888-762-3683 for expedited processing of your order.)
VirtualPublic Virtual Instructor Led - 7 Hours
Earn: 7 PDUs (7.00 Technical)
List Price: $495 (All courses are available for private delivery for groups. To register multiple students from one company using one form of payment, please call 888-762-3683 for expedited processing of your order.)
$100 off until 11/3: $395
PrivatePrivate On-site or Virtual
Earn: 7 PDUs (7.00 Technical)
List Price: Call for Pricing
Attendees:Up to 15 (If over 15, call for pricing 1-888-762-3683)

Course Description

This course on advanced risk management is specifically designed for Project Managers seeking to learn advanced risk management skills.

This course will start with a brief review of the risk management process. Quantitative risk identification and analysis tools and techniques will then be presented including Fishbone Diagrams, Expected Monetary Value and Monte Carlo probability simulation.

Application of risk management to project budgets and schedules will be described using specific examples. This course will be highly interactive, with exercises and sample problems to allow attendees to practice the tools and techniques presented.

Who Should Attend

This course is intended for people who are leading or actively participating on project teams where advanced risk management techniques are needed to ensure project success. Attendees should have some basic knowledge and experience in applying basic risk management techniques to projects.  

Course Features

Upon completion of this course, participants will be able to:
• Construct a Cause-Effect (Fishbone) Diagram for identifying project risks
• Conduct an Expected Monetary Value Analysis
• Understand how to conduct a Monte Carlo analysis on a project
• Explain how to use risk analysis techniques to determine project contingencies

Course Outline

• Review Risk Management Process
• Risk Identification
• Risk Analysis
• Risk Response Planning
• Risk Monitoring and Control

Advanced Risk Identification Techniques
• Cause-Effect (Fishbone) Diagram format description
• Usage of Cause-Effect (Fishbone) Diagram format and examples
• Advanced Risk Identification Techniques class and team exercises

Expected Monetary Value
• Expected Monetary Value format description
• Usage of Expected Monetary Value format  and    examples
• Decision Trees
• Team Exercise: Expected Monetary Value preparation

Monte Carlo Analysis Simulation
• Monte Carlo analysis description
• Monte Carlo analysis examples and exercises

Knowledge Areas Addressed

This course addresses the Risk Management knowledge area of the Project Management Institute® A Guide to the Project Management Body of Knowledge (PMBOK® Guide)--Fifth Edition, and will provide each participant with 7 PMI® PDUs, which can be used for Project Management Professional (PMP)® certification maintenance, and/or applied towards initial Certified Associate in Project Management (CAPM)® or PMP® certifications.
Created at 2/10/2016 2:20 PM by Bind.pt
Last modified at 10/16/2017 10:34 AM by Caitlyn Pryde