When Murphy’s Law strikes and your project experiences unexpected problems, you may wonder how you can protect your project from cost overruns and schedule delays. One way is to take a proactive approach to managing project risk. In this half-day session, you will learn how to identify, analyze, and plan for risks to improve your project delivery. Practical techniques will be provided for both qualitative and quantitative analysis and response planning, including looking at the financial feasibility of a risk response plan. Full of real-life examples that will bring the topic to life, this session will give you knowledge you can apply immediately to make your projects more predictable and stable.

LEARNING OBJECTIVES

Participants will gain practical skills to:

• Understand the role and impact of risk management
• Apply a structured approach to identify and analyze risks using both qualitative and quantitative approaches
• Identify a variety of risk response strategies
• Evaluate risk response strategies to identify the most efficient approach
• Use risk management approaches to improve the chances for project success

WHO SHOULD ATTEND

This course is appropriate for individuals who are project sponsors, project managers, and senior project team members.

PREREQUISITE

While there is no formal prerequisite for this course.

MATERIALS

You will receive a course workbook containing copies of presentation slides, templates, and exercises.