When does class start/end?
Class hours may vary, please reach out to contact@ascendientlearning.com if you have any questions.
Risk Management (Risk Mgmt)
This course is designed for project managers who want to proactively reduce the probability of project failure. In this course, you will learn to use proven approaches and techniques specific to risk...
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$2,345 USD
Duration
3 days
Course Code
2811
Available Formats
Virtual, Classroom
Overview
This course is designed for project managers who want to proactively reduce the probability of project failure. In this course, you will learn to use proven approaches and techniques specific to risk management. You will learn to plan and analyze projects so as to minimize risk in a formal environment. You will identify, analyze, and address uncertainty throughout the project lifecycle and incorporate lessons learned and industry best practices related to risk management. You will apply PMI risk management processes in a practical way to eliminate, mitigate, and minimize threats while maximizing and optimizing opportunities.
Students pursuing a university-recognized and/or accredited certificate in Canada or continuing education units in the US must attend at least 90% of class time, participate in class exercises and section-knowledge checks, and score at least 70% on an end-of-class, multiple-choice assessment.
PMI is a registered mark of the Project Management Institute, Inc.
Skills Gained
- Assess overall project riskiness
- Manage uncertainty in terms of both opportunities and threats
- Role of a risk management plan
- Risk within an execution strategy
- Conduct qualitative risk assessments in order to rank risks
- Conduct quantitative risk assessments in order to adequately budget for uncertainty
- Develop risk response plans for significant risks
- Monitor and control uncertainty during execution
- Ensure success by understanding the role of a risk management plan and lessons learned
Who Can Benefit
Associate project managers, project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, and program managers.
Prerequisites
Do not take this course if you have taken IT Risk Management.
Course Details
1. Risk Management Foundations
- Definition of a plan
- Definition of risk and risk management
- Risk management and project success
- Project management life cycle
2. Strategic Risk Reduction
- Project success factors
- Stakeholder analysis
- Balancing constraints within a plan
- Assessing project riskiness
- Importance of formal planning
3. Execution Risk Reduction
- Risk management plan
- Risk identification techniques
- Qualitative risk analysis
- Quantitative risk analysis
- Risk response planning
4. Monitoring and Controlling Risk
- Protecting the plan
- Change controls
- Responding to risks
5. Value of Lessons Learned
- Capturing and employing lessons learned
- Current methods of managing uncertainty based on lessons learned
Hands-On Activities:
- Determine sources of project risk by category
- Assess overall project risk
- Identify and categorize risk
- Perform qualitative risk analysis
- Perform quantitative risk analysis
- Plan risk responses
- Involve stakeholders
7. Case Studies
8. Exercises
Hands-On Activities - Practice Creating the Following:
- Risk Identification
- Risk Qualification
- Risk Quantification
- Risk Ranking and Prioritization
- Risk Response Plan (Contingency Plan)
Schedule
FAQ
Does the course schedule include a Lunchbreak?
Classes typically include a 1-hour lunch break around midday. However, the exact break times and duration can vary depending on the specific class. Your instructor will provide detailed information at the start of the course.
What languages are used to deliver training?
Most courses are conducted in English, unless otherwise specified. Some courses will have the word "FRENCH" marked in red beside the scheduled date(s) indicating the language of instruction.
What does GTR stand for?
GTR stands for Guaranteed to Run; if you see a course with this status, it means this event is confirmed to run. View our GTR page to see our full list of Guaranteed to Run courses.
How do I find an Ascendient Learning training location?
We have training locations across the United States and Canada - View a complete list of classroom training locations.
Which delivery formats are available?
At Ascendient Learning, we offer training that is Instructor-Led, Online, Virtual, and Self-Paced.
Does Ascendient Learning deliver group training?
Yes, we provide training for groups, individuals and private on sites. View our group training page for more information.
What does vendor-authorized training mean?
As a vendor-authorized training partner, we offer a curriculum that our partners have vetted. We use the same course materials and facilitate the same labs as our vendor-delivered training. These courses are considered the gold standard and, as such, are priced accordingly.
Is the training too basic, or will you go deep into technology?
It depends on your requirements, your role in your company, and your depth of knowledge. The good news about many of our learning paths, you can start from the fundamentals to highly specialized training.
How up-to-date are your courses and support materials?
We continuously work with our vendors to evaluate and refresh course material to reflect the latest training courses and best practices.
Are your instructors seasoned trainers who have deep knowledge of the training topic?
Ascendient Learning instructors have an average of 27 years of practical IT experience and have also served as consultants for an average of 15 years. To stay current, instructors spend at least 25 percent of their time learning new, emerging technologies and courses.
Do you provide hands-on training and exercises in an actual lab environment?
Lab access is dependent on the vendor and the type of training you sign up for. However, many of our top vendors will provide lab access to students to test and practice. The course description will specify lab access.
Will you customize the training for our company’s specific needs and goals?
We will work with you to identify training needs and areas of growth. We offer a variety of training methods, such as private group training, on-site of your choice, and virtually. We provide courses and certifications that are aligned with your business goals.
How do I get started with certification?
Getting started on a certification pathway depends on your goals and the vendor you choose to get certified in. Many vendors offer entry-level IT certification to advanced IT certification that can boost your career. To get access to certification vouchers and discounts, please contact info@ascendientlearning.com.
Will I get access to content after I complete a course?
You will get access to the PDF of course books and guides, but access to the recording and slides will depend on the vendor and type of training you receive.
How do I request a W9 for Ascendient Learning?
View our filing status and how to request a W9.
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