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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: 2019-10-07
  • Time: 08:30:00 - 16:30:00
  • Duration: 3 days 08:30 AM - 04:30 PM
  • Location: Ottawa
  • Delivery Methods(s): Instructor Led

Course Outline

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)

Lessons

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

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.

Training Location

Global Knowledge Ottawa
360 Albert Street Suite 720

Ottawa, Ontario
Canada   

About Global Knowledge

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Global Knowledge is the world's leading learning services and professional development solutions provider. We deliver learning solutions to support customers as they adapt to key business transformations and technological advancements that drive the way that organizations around the world differentiate themselves and thrive. Our learning programs, whether designed for a global organization or an individual professional, help businesses close skills gaps and foster an environment of continuous talent development.

Training Provider Rating

This vendor has an overall average rating of 4.39 out of 5 based on 426 reviews.

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Wasn’t as advanced as I thought it would be. There was an issue when the day my course was the first time they used a new platfo ... Read more
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Wasn’t as advanced as I thought it would be. There was an issue when the day my course was the first time they used a new platform.. from adobe to something called zoom; I had to call support line cause it stated our instructor wasn’t present. Thankfully I called cause everyone online was in the adobe virtual classroom waiting for what looked like a teacher who didn’t show up for class (IT didn’t get anything resolved until 10mins after start time). I felt like he was really getting hung up on very basic knowledge for the first half of the course (talking about how to create tabs and drag formulas as an example). I completed files a few times before he was done explaining. There was a scheduled fire drill for them (roughly 30mins)that also cut into our time, which wasn’t deducted from the hour lunch break or the two, fifteen min breaks. I also really wish he touched base more on the automating workbook functions portion which we barely did. I'm happy there were/are those study guides (learning videos) and exams to take on my own time that I hope after I've had the class are still available for me to learn from.

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It was difficult to practice on my PC while trying to watch the presentation online.

Course Reviews

This course has an overall avarage rating of 4.37 out of 5 based on 3 reviews.

Previous

Emma R attended this course Dec 2015

Course Content

Delivery Structure

Instructor Ability

This course can be done in 2 days. 3 days is a stretch.

Kristen M attended this course Aug 2014

Course Content

Delivery Structure

Instructor Ability

The course material was good, although I would strongly recommend that participants be quite familiar with the PMBoK (either PMPs or CAPMs e... Read more
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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.

Kristen M attended this course Aug 2014

Course Content

Delivery Structure

Instructor Ability

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