Integrating Risk into Project Planning

Risk Management

Overview

Integrating Risk into Project Planning is a one-day workshop that provides participants with tools to identify and mitigate risks. Intended for project managers and senior team members, the workshop combines lecture, discussion, demonstrations, and hands-on exercises to communicate and reinforce key concepts while providing basic tools and models that can be immediately applied in a professional setting.

Objectives

The course focuses on practical results with a goal of introducing and reinforcing risk management skills. During the workshop participants will:
° Learn & apply practical techniques to identify and quantify project risks
° Learn decision-making processes that support prioritizing and integrating preventive actions and contingency plans into project plans
° Participate in a Monte-Carlo simulation that underscores the surprising consequences of typical schedule and resource risks and highlights the effectiveness of a few straightforward risk mitigation strategies
° Share information with other professionals about encountered risks and mitigation strategies that are working (or not) in the real world

Outline

The workshop begins with basic risk management and then moves to intermediate risk topics associated with estimation and scheduling
° Introduction
° Risk management fundamentals
° Basic prioritization methods
° Estimation risks
° Exercise: Impact of integrating risk mitigation into project plans
° Sharing Best Practices: Lessons from the real world

PMI-PDU Information

The Project Management Institute (PMI®) has discontinued its Registered Education Provider program. People successfully completing this course may still claim 7 contact hours of project management related education.