Risk Management
Description
Comprehensive approach to identifying, analyzing, and responding to project risks throughout the project lifecycle
Learning Objectives
Learners will develop expertise in systematic risk management processes including risk identification, qualitative and quantitative analysis, risk response planning, and continuous risk monitoring and control.
Topics (8)
Brainstorming, Delphi technique, interviewing, SWOT analysis, checklist analysis, and assumption analysis for risk identification.
Risk probability and impact assessment, risk matrix, risk data quality assessment, and risk categorization.
Monte Carlo simulation, decision tree analysis, sensitivity analysis, and expected monetary value analysis.
Risk response strategies: avoid, transfer, mitigate, accept; contingency planning, fallback plans, and risk response implementation.
Risk tracking, risk audits, variance and trend analysis, risk register updates, and corrective actions.
Crisis response procedures, issue escalation, problem-solving techniques, and lessons learned integration.
Risk management software, risk registers, Monte Carlo simulation tools, and integrated project risk management platforms.
Risk management planning process, risk categories, risk breakdown structure, and risk management plan components.