MMSPM009: Risk Management
In this Hands-On course, attendees will learn how to plan, allocate and manage costs, resources and performance throughout the life of any project. The course covers techniques especially applicable to small and mid-sized projects.
Outline:
- Foundations of risk management
- Definition and characteristics
- Elements and factors of risk
- Types of risk
- Components of risk management
- Establishing an IT risk management process
- Risk management planning
- Identifying, analyzing, and prioritizing risks
- Planning, executing, evaluating for risk response
- Planning and identifying risks
- Risk Identification
- Idea generation tools and techniques
- Business versus pure risks
- Financial, schedule, technical and legal risks
- Performing risk assessment
- Determining risk tolerances
- Analyzing risks
- Establishing and evaluating profitability
- Expected value analysis
- Probability analysis
- Risks versus opportunities
- Prioritizing risks
- Developing risk responses
- Risk response strategies
- Risk acceptance, avoidance and mitigation
- Establishing reserves
- Implementing risk responses
- Communicating risk issues
- Documenting risk management practices
- Reassessing risk
- Decision-making processes
- Statistical analyses
- Risk simulations and tools
