Risk Management
Introduction to Project Risk Management
This one day hands-on training class is designed to teach you the fundamentals behind managing cost & schedule project risk. Covering both qualitative capturing and assessment of risks and quantitative simulation & analysis of project risk, this class is a perfect platform for you to embark on reducing your project risk exposure.
Course level: Basic
Course Length: 1 day
Prerequisite: A working knowledge of MS Windows
Professional Development and Continuing Education Units:
Earns 8 PDUs and 0.8 CEUs
PMI Program Number – 1471
Topics:
Qualitative Risk Assessment – Risk Registers
· Introduction to risk registers
· Risk scoring through risk matrices
· Planning risk response including mitigation planning
· Risk impacts: cost, schedule, quality, safety
· Qualitative assessment of risk
Quantitative Risk Analysis – Monte Carlo Simulation
· Introduction into Monte Carlo schedule risk analysis
· Risk types – risk events, uncertainty
· Weather modeling
· Tips and tricks for risk loading large schedules
· Risk analysis of cost estimates
· Interpreting risk results & standard risk reports
· How to effectively reduce risk exposure
The Project Risk Lifecycle
· A step by step walkthrough of an accepted risk methodology
Cost & Schedule – tying it all Together
· A powerful technique for integrating cost & schedule risk models
· Analyze how schedule uncertainty impacts costs/budgets
The class is a hands on class and includes worked examples using Oracle Primavera Pertmaster.