Improve your risk identification and management skills. Project managers often are expected to peer into the future and anticipate their organization's risks and problems.

The challenge is not to explore risk for a single project, but to predict it consistently and ensure that every project has the same level and depth of risk analysis.

This highly interactive, tools-based workshop takes you from the realm of uncertainty to a more predictive and analytical risk posture. You will learn an array of practical management tools to build risk models that you can apply for risk identification, quantification, qualification, response development and risk response control.

A Guide to the Project Management Body of Knowledge (PMBOK^® Guide) areas covered: Risk Management.

Who should attend?

• Project managers, team members and project sponsors seeking greater insight in risk management
• Participants in this course should have a basic understanding of project management practice, but there are no prerequisites for the program.

What will my seminar experience cover?

• Risk management planning: Build a consistent structure for management, and develop risk models to enable consistent evaluation of projects as they get started.
• Risk identification: Generate large volumes of risk information and how to build and sort risk data to alert team members, management and the customer. Apply practices that ensure risks are mapped to the Work Breakdown Structure.
• Risk qualification: Set up and apply consistent terminology for the risks that cannot be driven by numbers but still have the potential to cause project failure.
• Risk quantification: Establish practical, efficient ways to prioritize and value risk at the project and task levels. Build qualification structures that allow for quick analysis and quantification practices that ensure consistent numerical analysis.
• Risk response development: Expand your organization's capabilities in strategy development, and learn how to catalog and present alternative strategies consistently.
• Risk monitoring and control: Ensure that your risk strategies and data are stored in the project plan for use by the team and the organization. Begin the process of knowledge management to convert one-time experiences to organizational lessons learned.
• Project managers and team members will walk away with at least five new tools and practices to enhance their ability to manage projects and, more specifically, manage risk.
• The program focuses on practical approaches to risk management that can be infused into your day-to-day project management efforts.
• Additionally, it focuses on implementation of risk management as a critical component of project management that must be practiced in concert with daily practice (rather than as a separate administrative layer).

How will I benefit?
Develop and enhance the contributions you make to your organization by learning to:

• Identify risks using a variety of tools and enabling team and customer participation
• Develop qualification and quantification structures to encourage consistent risk evaluations
• Generate multiple strategies and implement best-practice strategy selection
• Implement on-the-fly risk workarounds, acknowledging when they are appropriate and when they may not be
• Build a rudimentary risk model and learn how to put one together on the job.

What instructional materials will be used?
A case study, lecture, hands-on exercises, team participation, games and group facilitation.