Format

Classroom

Duration

3.0 Day(s)

Description

The overall purpose of the course is to provide students with proven strategies and practical approaches to the management of risk associated with information technology projects. Further, the purpose is to convey to the students that managing risk is a business imperative applicable to the full project life cycle and to expand their knowledge of the ways and means (methods, techniques, and tools), and skills required to manage risk in a professional and comprehensive manner.
The course includes interactive course room discussions and team exercises to maximize the learning experience.

Audience

This course is designed for professionals involved in managing projects who desire to obtain proven strategies and practical approaches to the management of risk associated with projects.

Prerequisites

Successful completion of Principles of Project Management (N2650) or equivalent course, or experience as a project manager.

Objectives

After completion of this course, students should be able to:
o Recognize the importance of project risk management to the attainment of key business objectives
o Apply approved and industry accepted techniques to the identification, evaluation, mitigation, and monitoring of risks.
o Use proven techniques to assess, qualify, and quantify risks
o Utilize Mitigation Strategy types to help drive creative mitigation strategy development
o Justify mitigation strategies in relation to business objectives
o How to determine and apply risk/opportunity trade-offs in relation to business objects
o Develop risk mitigation plans through the use of forms, tools, and techniques
o Apply advanced risk management skills to a project
o Determine and apply risk/opportunity trade-offs in relation to business objectives
o Appreciate the need for proactive risk management
o Proactively apply advanced risk management skills to effectively and efficiently manage risk on complex projects

Contents

PMBOK areas covered:
o Project Risk Management
o Project Cost Management
o Project Quality Management
o Project Scope Managemen