COURSE 4870 | 2-DAY SESSION
Hands-On Risk Management
Course Outline
I. Course Overview and Introductions
- Pre-Test - Questions and Self-Assessment
II. Project Management Framework and Integration Management
III. Project Risk Management
- Overview
- Team Formation
- Review Simulated Project: Work Breakdown
- Structure Network Diagram Resources
IV. Risk Management Plan Development
- Risk Tolerance (Utility Theory)
- Impact Scale Definitions
- P-I Matrix
- Risk Management Plan
V. Risk Identification Process and Techniques
- Brainstorming exercise
- Introduction to "Toolkit"
- SWOT exercise
- Risk Register development
VI. Qualitative Risk Analysis
- P-I Matrix Exercise Tool
- Risk Ranking and Prioritization
VII. Risk Register updates
VIII. Quantitative Risk Analysis
- Expected Monetary Value
- Decision Trees
- Risk Register Updates
IX. Risk Response Planning
- Risk Response Strategies
Contingency Reserve Determination and Allocation (cost and schedule)
- Exercise: Risk Register updates
- Exercise: Schedule revisions
X. Risk Monitoring and Control
- Tool - Change Control Form
- Tool - Issue Tracking Log
- Risk Register updates
XI. Team Presentations: Risk Management Plan
- Review
- Approach to Change Requirements
- Modify to Risk Management Plan as Needed
XII. Review of Risk Management Processes and Integration Management
- Analyze Cost and Schedule Performance
- Risk Monitoring and Control
- Risk Re-Assessment
XIII. Risk Management in a Six Sigma World
- DMAIC Problem Solving Process and Tool
- Change Control Form
- Issue Tracking Log
XIV. Analyze Cost and Schedule Performance
- Risk Monitoring and Control
- Update Tools
- Risk Re-Assessment
- Estimate at Completion
XV. Resources
- Analyze Actual Resources for Simulation Project
- Missing Resource Issue
- Estimate Risk Impact
XVI. Analyze Cost and Schedule Performance
- Risk Monitoring and Control
- Risk Re-Assessment
- Estimate at Completion: Forecast Cost
- Estimate Impact of Risk on Cost
XVII. Risk Management Team Audit
XVIII. Risk Audit Presentations
XIX. Final Team Presentation
XX. Tool Review
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