Risk Management Trends and Practices
Research shows that most project management methodologies do not pay sufficient attention to effective project risk management practices. Join us in this intensive workshop and learn the practical application of the PMI Standard for Risk Management. You will have the opportunity to practice and transform theory into specific practical techniques to take back to your organization.
| DATE | LOCATION | |
|---|---|---|
| July 22, 2010 | Thornhill / Markham |  |
Outline
Introduction to the Risk Management Standard • The PMI Risk Management Standard • Classifying Risk (Threats and Opportunities, Pure and Business) • Current trends in project risk management Risk Management Planning • Risk Management Plan Contents • Generate the Risk Management Plan • Best practices in policies and procedures - Timing and responsibilities for risk - Common definitions for P-I Matrix - Use of contingency funds - Budgeting for risk activities Risk Identification and Analysis • Identifying Risk: Common tools and techniques - Brainstorming, mind mapping, and interviewing - Practical use of Delphi - Assumptions analysis - Root cause analysis • Perform Qualitative and Quantitative Risk Analysis - Using the P-I matrix - Developing a risk profile - Conducting sensitivity analysis using a tornado diagram - Expected monetary value and contingency reserves Planning Risk Responses and Monitoring Risks • Building a Risk Response Plan • Strategies for responding to various types of risk • Introduction to FMEA • Developing triggers and contingency plans • Fallback plans and work arounds • Monitoring risks throughout the project