Mastering Project Risk Management in Predictive Life Cycle

Target Audience

Project Managers preparing for the PMP exam.
Project Managers looking to enhance their risk management skills in a predictive life cycle.
Professionals seeking to improve their project risk assessment and management techniques.
Anyone interested in mastering risk management for project success.

Mastering Project Risk Management in Predictive Life Cycle Deliverables

Live Interactive Sessions: Participate in an engaging three and a half hour live session covering all key aspects of risk management in a predictive life cycle.
Comprehensive E-Book: Receive an e-book detailing the core ideas of risk management within the project management context.
Post-Class Q&A Support: Engage in Q&A sessions after the class to resolve any queries and gain deeper insights.
Sample Documents: Access sample documents, including Risk Management Plan and Risk Register.

Certificate of Completion: Obtain a certificate upon completing the program, validating your understanding of project risk management.

Earn PDUs: Earn 3.5 PMI PDUs in the Technical Domain, contributing to your professional development.

Course Outline

Defining Risk

Defining Risk Understand risk as an uncertain event that can have positive or negative impacts on a project. Learn the basics of risk identification and definition.

Organizational Attitude Towards Risk

Organizational Attitude Towards Risk Explore how organizational attitudes, including Enterprise Environmental Factors, influence risk management approaches. Learn to develop a risk management plan based on these attitudes.

Risk Management Plan

Risk Management Plan Delve into the contents of a risk management plan using a case study example. Understand elements like risk thresholds, probability, and impact assessments.

Risk Register

Risk Register Learn how to create and maintain a risk register. Understand the key fields in a risk register and their significance in tracking and managing risks.

Qualitative Risk Assessment

Qualitative Risk Assessment Perform qualitative risk assessments using probability and impact analysis. Learn techniques to prioritize risks based on their qualitative assessments

Quantitative Risk Assessment

Quantitative Risk Assessment Get a brief overview of quantitative risk assessment methods. Understand its application and importance, even though it’s less emphasized in the PMP exam

Negative Risk Response Strategies

Negative Risk Response Strategies Explore strategies for responding to negative risks, including avoid, mitigate, accept, transfer, and escalate. Learn through practical examples and case studies.

Positive Risk Response Strategies

Positive Risk Response Strategies Understand strategies for responding to positive risks, including exploit, enhance, share, accept, and escalate. Learn through practical examples and case studies.

Integrating Risk Management

Integrating Risk Management Learn how to integrate risk management with other project management plans, such as schedule and cost management. Understand the interdependencies and how to manage them effectively.

Keeping the Risk Register Updated

Keeping the Risk Register Updated Discover best practices for keeping the risk register current. Learn how to update risk status and ensure accurate tracking.

Conducting Risk Audits

Conducting Risk Audits Understand the importance of risk audits in ensuring effective risk management. Learn how to conduct risk audits and incorporate findings into your risk management plan.