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Project Risk Management

Project Risk Management
Provider: Savvy-U
Developed by: MCM Project Management
Instructor: Brian S. Maddox, PMP, MBA
Authors: Brian Maddox, PMP and Nick Maddox, PMP
Media: Online
Course Type: Self-Paced, e-Learning
Course Length: 1 hour
Cost: $29.99
PMI PDUs: 1
NMA CEUs: .1
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Program Content
  1. Addresses all Federal Acquisition Institute overarching competency: requirements/management development process.
  2. Promotes industry best practices as established by PMI's PMBOK Guide® 4th Edition regarding project risk.
  3. Establishes the importance of risk response planning within the frame work of the applicable risk strategy. Participants will identify and analyze risks within the frame work of integrated management planning and integrated management scheduling.
  4. Identifies tools and techniques for qualitative and quantitative risk, maintaining a risk register using expert judgment, model simulation, expected monetary value analysis and sensitivity analysis as they might apply to cost, resources, schedule, security and performance as a continuous monitoring and controlling requirement.
  5. Participants will learn the basics of risk response planning strategies, identifying negative and positive risk, exploiting risk opportunities, and work around strategies as a proactive risk management option.
  6. Participants receive five (5) customizable templates to assist them in managing the risk on their projects.
Learning Objectives
Research shows that project efficiency and success can be improved through the implementation of repeatable processes, standardized toolsets, and industry proven techniques. Having an adequate framework and methodology to manage a project is critical for business organizations that today must deal with a multitude of internal and external stakeholders in an ever changing and rapid business and political environment. This interactive training will share with you industry-leading best practices in applying effective, industry proven project management tools and techniques.

Participant Level of Understanding
This program is intended for participants with a basic to intermediate knowledge level of project management.

Who Should Attend?
This training is open to anyone who wants a better understanding of how to successfully manage projects.

Prerequisites
There are no prerequisites for this training.

Advance Preparation
There is no advanced preparation required for this training.

Training Recognition and Credits
This course is Federal Acquisition Institute (FAI) FAC-P/PM Approved Training.
Project Management Institute (PMI) Professional Development Units (PDUs).
Upon successful completion of this course, participants will receive one (1) PDU.
National Management Association (NMA) Continuing Education Units (CEUs).
Upon successful completion of this course, participants will receive point-one (.1) CEU.
Federal Acquisition Institute (FAI) Continuous Learning Points (CLPs).
Upon successful completion of this course, participants will receive one (1) CLP.

Course Outline
  1. Introduction
    1. Instructor Introduction
    2. Course Navigation Tips
    3. About this Course
      1. FAI - Government-wide Investment Requirements
      2. Environmental, Safety, and Occupational Health (ESOH)
    4. What to Expect
  2. Overview
    1. ESOH
    2. ESOH Risks
    3. Project Security Measures
    4. Total Life Cycle Systems Management (TLCSM) Overview
    5. Total Life Cycle Systems Management (TLCSM) Objectives
    6. Total Cost of Ownership (TCO)
    7. Program Planning
    8. Integrated Master Plan (IMP) / Integrated Master Schedule (IMS) Relationship
    9. IMS Objectives
  3. Plan Risk Management
    1. Plan Risk Management Overview
    2. Plan Risk Management Questions and Answers
      1. Risk Assessment SOW + Template
      2. Plan Risk Management Overview
      3. Risk Management Plan Overview + Template
      4. Risk Management Strategies
  4. Identify Risks
    1. Identify Risks Overview
    2. Identify Risks Questions and Answers
      1. Identify Risk Tools and Techniques
      2. Identifying Gathering Techniques - Delphi Technique, Root-Cause Analysis
      3. Risk Assessment Questionnaire + Template
      4. Risk Register + Template
  5. Perform Qualitative Risk Analysis
    1. Perform Qualitative Risk Analysis Overview
    2. Perform Qualitative Risk Analysis Questions and Answers
      1. Perform Qualitative Risk Analysis
        1. Probability and Impact Assessment
        2. Probability and Impact Matrix
  6. Perform Quantitative Risk Analysis
    1. Perform Quantitative Risk Analysis Overview
    2. Perform Quantitative Risk Analysis Questions and Answers
      1. Quantitative Risk Analysis and Modeling Techniques
  7. Plan Risk Responses
    1. Plan Risk Responses Overview
    2. Plan Risk Responses Questions and Answers
      1. Negative Risks or Threats
        1. Avoidance and Transference
        2. Mitigation and Acceptance
      2. Positive Risks or Opportunities
        1. Exploit and Share
        2. Enhance and Accept
  8. Monitor and Control Risks
    1. Monitor and Control Risks Overview
    2. Monitor and Control Risks Questions and Answers
      1. Monitoring and Controlling Risks Process Strategies
      2. Workaround Worksheet + Template