Controlling Project Risk: Managing Threats and Promoting Opportunities

    

Summary:
Every project has issues. Issues are threats to a project that have materialized, and they can drain a project team of needed energy and time. Experience has shown us that proactive management of project risk can reduce the incidence and severity of issues by up to 90%. Every project has opportunities. When found, opportunities can lead us to lower cost, savings in time, higher quality and a happier customer. The advantages to proactive management of risk are enormous, but how can we do this in a way that actually works? This course moves beyond the standard project management curriculum by explaining how to manage both sides of risk: threats and opportunities. Students will be led through a series of exercises, each of which contributes to establishment of an effective Risk Management Practice. Among other things, they will discover that projects are filled with opportunities, if they know where to look for them.

Duration:
3 Days/Lecture & Lab

Audience:
This course is designed for Project Managers, Managers of Project Mangers, Functional Managers and Executives with project responsibility, also Project Management Office staff.

Topics:

• Introduction
• Planning to Manage Risk
• Threat Identification
• Threat Analysis
• Threat Response Planning
• Opportunity Identification

Prerequisites:
This course assumes familiarity with basic project management concepts as well as some experience in the planning and execution of projects.

Last Update: May 18, 2013