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"How to Assess and Manage Project Risk"

Project Risk Management is one of the most desired skills of project management. We designed this interactive, practical workshop to look at some of the critical challenges in the project environment and develop powerful strategies to bring a practical, actionable project risk management strategies . This is one of the most popular, relevant, and practical courses we offer.  This is an advanced project management workshop.

Who Should Attend

All project participants, including Project Managers, Executives, and Customers.

As a Result of Attending This Workshop, You Will Learn........

How to better describe the causes of project success and failure
  •  Risk and its consequences (avoiding failure as a strategic objective)
  •  Fitting risk into the project management process (
  •  Scaling the investment in planning to the riskiness of the project
  •  Types of risk

How to estimate and quantify risk

  •  The three elements of project risk
  •  Risk and the project  triple constraint
  •  Assessing Stakeholder Risk Tolerances
  •  Weighted Average Duration Estimating and establishing confidence intervals for project completion.
  •  Schedule risk - what is the "best possible schedule?"
  •  Cost and resource risk - measuring effects
  •  Technical risk
  •  When and how to "push back"
  •  Scenario analysis technique
  •  Monte Carlo simulation of schedule networks to assess schedule risk
  •  Failure Modes and Effects Analysis

A straightforward process of project risk management

  •  Risk identification and classification
  •  Using a taxonomy for structured risk assessment
  •  Risk quantification
  •  Risk response development - avoidance, mitigation, acceptance
  •  Practice time for competency in developing and applying risk responses
  •  Risk response implementation and control
  •  Estimating response and impact costs
  •  Cross-functional roles and responsibilities

Strategies and issues for communicating risk to executives

  •  Estimating and applying management reserves
  •  Impact cost
  •  Risk communication: the 10 essential elements
  •  Decision making under risk conditions
  •  Best practices in Risk Management
  •  Practice and more discussion on communicating risk data effectively

How to make better decisions

  •  The ten decision traps
  •  Tradeoffs



 

2 Days duration

Catalyst offers training and coaching, too.

Contact information for Catalyst
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Copyright © 2006 Catalyst Management Consulting    Last modified: November 09, 2007