Project Risk Management

Project Management at its roots is in fact Risk Management. PMI® defines a successful project as receiving the function expected, on the original date and at the price originally committed. When surveyed, most executives regardless of the industry they represent, will state that what they received in terms of a project delivery satisfied that requirement only about 24% of the time.

Project Risk Management is a survey course which addresses the current state of risk management and presents current industry best practices. This course uses a case-study based methodology which provides:

• An environment to investigate multiple approaches, tools and techniques
• Hands-on risk assessment and evaluation experience
• A team approach fostering group interaction and an exchange of ideas and experience.
• Direct, instructor led feedback with participation by all student teams

Students will be given the opportunity to directly apply the knowledge gained in the team setting and through individual exercises. This provides a practical approach to explore proven strategies while reinforcing the importance of risk management in achieving enterprise goals and objectives in today’s volatile business environment. Due to the brevity of this course, only Risk Identification and Risk Quantification will contain detailed exercises. Follow-on processes and analysis methodologies will be covered at a high level only.

Who should attend?

• Experienced Project and Program Managers evaluating the adequacy of Risk Management in their organizations.
• Stakeholders and Sponsors who may participate in the review and evaluation of team analysis.
• Managers attempting to assess the effectiveness of their internal risk management practices.