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Learn to use proven approaches & techniques specific to risk management. Plan & analyze projects so as to minimize risk in a formal environment. You will identify, analyze & address uncertainty throughout the project lifecycle & incorporate lessons...

  • Course Start Date: Dec. 5
  • Location: Victoria (Map)
  • Time: 8:30 am - 4:30 pm (Note on end times)
  • Please Note: End Times are approximate and depend
    on the number or students and pace of the class.
    It is important to allow for the class to run a little bit longer,
    or finish a little sooner, than expected.
  • Duration: 3 days
    08:30 AM - 04:30 PM
  • Delivery Method(s):Instructor Led
  • Mentored training is a revolutionary training method
    that provides you with the quality training that
    you have come to expect, and combines it with
    flexible learning and a self paced environment.
    For more information click here.
  • Discount Seats Available:2
  • Category:Risk Management Training

 
Course Outline
Avoid project catastrophe by developing expertise in risk management.

This course is designed for project managers who want to proactively reduce the probability of project failure. In this course, you will learn to use proven approaches and techniques specific to risk management. You will learn to plan and analyze projects so as to minimize risk in a formal environment. You will identify, analyze, and address uncertainty throughout the project lifecycle and incorporate lessons learned and industry best practices related to risk management. You will apply PMI risk management processes in a practical way to eliminate, mitigate, and minimize threats while maximizing and optimizing opportunities.

Students pursuing a university-recognized and/or accredited certificate in Canada or continuing education units in the US must attend at least 90% of class time, participate in class exercises and section-knowledge checks, and score at least 70% on an end-of-class, multiple-choice assessment.

This course was previously titled Mission Critical Risk Management.

What You'll Learn
  • Assess overall project riskiness
  • Manage uncertainty in terms of both opportunities and threats
  • Role of a risk management plan
  • Risk within an execution strategy
  • Conduct qualitative risk assessments in order to rank risks
  • Conduct quantitative risk assessments in order to adequately budget for uncertainty
  • Develop risk response plans for significant risks
  • Monitor and control uncertainty during execution
  • Ensure success by understanding the role of a risk management plan and lessons learned
Who Needs to Attend

Associate project managers, project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, and program managers.

Follow-On Courses
  • Quality for Project Managers (PM06)
  • Project Management, Leadership, and Communication (PM02)
Certification Programs and Certificate Tracks

This course is part of the following programs or tracks:

  • Advanced Certificate of Completion in Business Analysis
  • Associate's Certificate in Project Management
  • Associate's Certificate in IT Project Management
  • Advanced Certificate of Completion in Project Management
  • Advanced Certificate of Completion in IT Project Management
Course Outline
1. Risk Management Foundations
  • Definition of a plan
  • Definition of risk and risk management
  • Risk management and project success
  • Project management life cycle
2. Strategic Risk Reduction
  • Project success factors
  • Stakeholder analysis
  • Balancing constraints within a plan
  • Assessing project riskiness
  • Importance of formal planning
3. Execution Risk Reduction
  • Risk management plan
  • Risk identification techniques
  • Qualitative risk analysis
  • Quantitative risk analysis
  • Risk response planning
4. Monitoring and Controlling Risk
  • Protecting the plan
  • Change controls
  • Responding to risks
5. Value of Lessons Learned
  • Capturing and employing lessons learned
  • Current methods of managing uncertainty based on lessons learned
Hands-On Activities:
  • Determine sources of project risk by category
  • Assess overall project risk
  • Identify and categorize risk
  • Perform qualitative risk analysis
  • Perform quantitative risk analysis
  • Plan risk responses
  • Involve stakeholders

Prerequisites & Certificates
Pre-Requisites

* Do not take this course if you have taken IT Risk Management. - Project Management Fundamentals (PM01) - IT Project Management (PM11) - Applied Project Management (PM08)

Certificates offered

- 21 PMI PDUs - 2.1 CEUs


Cancellation Policy
We require 16 calendar days notice to reschedule or cancel any registration. Failure to provide the required notification will result in 100% charge of the course. If a student does not attend a scheduled course without prior notification it will result in full forfeiture of the funds and no reschedule will be allowed. Within the required notification period, only student substitutions will be permitted.

Reschedules are permitted at anytime with 16 or more calendar days notice. Enrollments must be rescheduled within six months of the cancel date or funds on account will be forfeited.
Map & Reviews
Global Knowledge
[ View Provider's Profile ]

Parkside Hotel & Spa
810 Humboldt Street
Victoria, BC
Canada   V8V 5B1


Reviews
 
This course can be done in 2 days. 3 days is a stretch.
Reviewed by 2015
The course material was good, although I would strongly recommend that participants be quite familiar with the PMBoK (either PMPs or CAPMs etc.) The instructor Bruce was very knowledgeable and provided some real world experience and examples.
Reviewed by 2014

 

Registration for this course has been closed.

This course may be available on a different date listed below.
 

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