Duration
4 days
Day One: Introduction and Plan Risk Management
9am Course Introduction
- Course Agenda & Objectives
- The PMI-RMP® Credential
- Challenges in Project Risk Management
10:15am Break
10:30am Risk Management Fundamentals
- Characteristics of Risk Events
- Roles and Responsibilities
- Iterative Risk Management Processes
12:00pmLunch
1:00pmPlan Risk Management
- Risk Breakdown Structure
- Probability and Impact Matrix
- Risk Tolerances and Thresholds
- Documentation and Risk Communication
3:15pm Break
3:30pm Exam Practice Questions
- Risk Communication
- Review and Discussion
5:00pmConsultation and Review
5.30pmClose of Day One
Day Two: Identify Risks and Perform Qualitative Risk Analysis
9:00amIdentify Risks
- Critical Success Factors
- Tools and Techniques
- Risk Event Statements
- Case Study: Identify Risks
10:15amBreak
10:30amPerform Qualitative Risk Analysis
- Critical Success Factors
- Probability and Impact Matrix
- Probability and Impact Assessment
- Case Study: Analyze Risks
12:00pmLunch
1:00pmQualitative Risk Ranking
- Risk Filtering
- Comparative Risk Ranking
- Case Study: Prioritize Risks
3:15pmBreak
3:30pmPerform Quantitative Risk Analysis
- Critical Success Factors
- Task Dependencies and Path Convergence
- PERT and Standard Deviation
- Exercise: PERT Analysis
5:00pmConsultation and Review
5.30pmClose of Day Two
Day Three: Perform Quantitative Risk Analysis
9:00amExpected Monetary Value
- Expected Monetary Value (EMV) Analysis
- EMV with Decision Tree
- Exercise: EMV Analysis
10:15amBreak
10:30amExam Practice Questions
- Risk Analysis
- Review and Discussion
12:00pmLunch
1:00pmPlan Risk Responses (I)
- Strategies for Threats and Opportunities
- Early Warning Signs and Risk Triggers
- Case Study: Plan Risk Responses
3:15pmBreak
3:30pmPlan Risk Responses (II)
- Risk Response Analysis
- Reserve Analysis
- Case Study: Risk Response Analysis
5:00pmConsultation and Review
5.30pmClose of Day Three
Day Four: Plan Risk Responses, Monitor & Control Risks
9:00am Exam Practice Questions
- Risk Response Planning
- Review and Discussion
10:15amBreak
10:30amMonitor and Control Risks
- Risk Re-assessment
- Risk Audit
- Lessons Learned Database
12:00pmLunch
1:00pmExam Practice Questions
- Risk Governance
- Review and Discussion
3:15pmBreak
3:30pmReview and Assessment
- Review
- Assessment
- Project Closeout
5:00pmConsultation and Review
5.30pmEnd of Programme
Programme scope, delivery arrangements and suitability are confirmed during enquiry.