7 PDU's • Project Management • Project Mgmt. Life Cycle
Project Risk Management - ( 1 day Learning Workshop )

Objective:
To give participants skills and techniques to quantify and qualify project-related risks and to help participants learn to reduce their vulnerabilities and design effective plans to deal with potential problems.
Target Audience:
Anyone who wants to better understand how to identify risks and take action to mitigate them.

Note – Project Planning and Control (Foundations of Project Management) is an excellent workshop to take in conjunction with this class.

Focus:
• Risk Identification
• Impact Assessment
• Determining Probabilities

• Risk Response Plans
• Controlling Risks
• Contingency Plans
The Instructor – Gary Schmitz
Gary has extensive working experience as a programmer and project manager with several New York’s elite financial institutions. He brings a thorough understanding of both mainframe and client-server environments to the classroom. Gary had consulted and taught for a wide range of organizations throughout the United States, Latin America, Asia, Europe and Canada.

What Participants have said about Gary Schmitz:
“Gary was excellent and kept the class moving with his knowledge and humor.” – Follett
“Gary was one of the best instructors I’ve ever had. He kept it interesting and engaging. Gary is very good at making his knowledge easy to understand.” – Lutheran Social Services
“Gary did a great job of keeping the class interested and participating. He really knows his subject and gave great insight.” – Insurance Auto Auctions

Project Risk Management Featured Topics
Risk Basics
• Risk Defined
• Necessity to Manage Risk
• Project Risks v. Product Risks
• Overview of the Six Steps to Effective Risk Management
Qualifying the Risk
• Estimating Likelihood
• Impact Assessment
• Probability–Impact Matrix
• Risk Prioritization
Risk Management Planning
• Motivation for Planning
• Contents of an Effective Plan
• Presenting the Plan
Quantifying the Risk
• Quantitative Analysis
• Rules for Determining Probability
• Risk Referent Leveln
Risk Identification
• Methods for Risk Identification
• Risk Categories
• Types of Risk
• Ranking the Risks
• Determining “Risk Triggers”
Developing Risk Response Plans
• Risk Response Strategies
• Contingency Plans
• Secondary and Residual Risks
• Project Reserves
Monitoring and Controlling Risks
• Risk Tracking and Control Methods
• Effective Project Communication
• Documentation



 

Where Shared Experiences Maximize Performance