Course Content
The advanced risk management course is designed for project managers and project teams involved in complex projects or projects that involve global participants or a significant amount of uncertainty with respect to a lot of factors.
Risks are relatively easy to identify but a lot more difficult to qualify, quantify, and respond to. The level of risks and the types of risks might not be related directly to the project but could be an attribute of the organization, in which case it becomes difficult to correlate risks to projects.
The impact of most risks is not linear, and hence, the complexity of risk penetration into other knowledge areas within a project is significant. This course allows the project manager to understand risks from a detailed technical perspective, allows the project manager to use and understand sophisticated tools for risk planning, analysis, and response, and also allows for creating a direct link between risks and project success.
Course Outline
Day 1:
The fundamental aspects of Risks
Collaborative Risk Management techniques
Role of Statistical Distribution and Mathematics in Risks
The global project management puzzle
How to create a perfect risk register?
Is Risk a greater priority than Scope management?
Some tough questions on Risk Data Integrity
Risk Analysis
Qualitative & Quantitative
Prioritization
Distributions & Functions
Practice Exam – Day 1
Day 2:
Expert Systems and Artificial Intelligence in Risk Management
Activity-Based Risk Management
Utility Functions and the role of Risk Attitudes
Regulations impacting risks
Risk governance process
Strategies for Efficient Risk handling
Alternatives to expense risk mitigation
Advanced topics
Practice Exam – Day 2
