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Managing Project Risk

 

Two Days

Risk is inherent in the project management process. As such, it is important to understand the nature of risk, the sources of risk, how to evaluate it, and most importantly, how to manage it. Where do we start? What is Qualitative Risk? What is Quantitative Risk? How do we respond when a risk event materializes? The answers to these and many other questions must be answered correctly to manage risk.

In this workshop, participants will identify, describe, qualify, quantify and mitigate risk. They will collaborate with each other to create their own risk management plan that they can apply at work. They will explore how to make decisions under uncertainty, and experience managing risk in an exciting simulation game. 

Course Outline

  • Risk Identification

  • Risk Quantification

  • 3-point estimating

  • Risk Description and Qualification

  • Risk Response Planning

  • Risk Execution and Control

  • Decision Making

Schedule

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