|Project Risk Management
This two-day program focuses on qualitative risk management -- how to find the real risks when you are doing something that has never been done before. You will learn about the importance of distinguishing cause and effect and about the difference between a risk and a problem. You will also learn how to write risk descriptions that get an appropriate response from management and how to use range estimates to overcome unreasonable cost and schedule targets. Approximately 70% of class time is devoted to casework and experiential learning.
Upon completion, you will be able to:
- Determine which project risks require a response.
- Write risk descriptions that produce an appropriate management response.
- Use range estimates to overcome unreasonable cost and schedule targets.
- Use quantitative and qualitative tools to evaluate alternative risk responses.
- Recognize conceptual biases that interfere with good risk management.
- Integrate risk management with your project management process.
- Use contingency and management reserves appropriately.
Relationship between risk and opportunity
Difference between risks and problems
Project risk vs. other kinds of risk
Using your team to find risks
Checklists and taxonomies
Interviews and diagramming
Risk sources vs. risk events
Distinguishing cause and effect
How to write a risk description
When you have historical information and when you don't
Qualitative techniques for screening
Cost and schedule risk
Single-point vs. range estimates
Pricing vs. estimating
Calculating the probability that you will finish on time
Risk response development
Accept, mitigate, or avoid
Reserves and contingencies
Evaluating response alternatives
Decision trees and utilities
Risk response control
Risk/risk response interations
Integrating risk management with your
other project management processes
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