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A 2-day, 14 PDU (1.4 CEU) instructor-led program
As you become more skilled at understanding the elements of risk,
you can minimize its disruptive effect. Effective front-end planning can
decrease the possibility of risk, and on-going risk management provides the
environment to make the decision-making process easier if risks do occur. To
provide you with tools to help you control the risks on your projects, we have
developed Managing Risk and Making Decisions, a two-day course that is part of
our Project Management Certificate Program.
Managing Risk and Making Decisions shows you how to measure the
severity of the risk, how to develop a plan to respond to the risk, and how to
keep the risk from recurring or becoming worse. There's both uncertainty and
opportunity with all risks - this course will help you explore that
relationship and develop your own tools to understand and use risk effectively.
Our exciting interactive simulation, Stays & Days® & Dragons, lets you
apply risk management measures to your own projects.
This program was developed by the same people who wrote the Project Management
Body of Knowledge (PMBOK®) for the Project Management Institute
(PMI®). It is a highly interactive course, yet follows a well-defined process.
During these sessions, you will use real projects that you and your peers are
working on - effectively advancing your projects while learning. You will leave
each program saying, "I can apply this to my project immediately!"
Upon completion, you will be able to:
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Define project risk and risk management
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Identify project risks that merit attention
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Write a risk description that gets senior
management attention
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Create a Risk Plan based on a real project
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Use range estimates to create reasonable cost and
schedule targets
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Use quantitative and qualitative tools for risk
planning
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Make good decisions under certain and uncertain
conditions
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Recognize conceptual biases that can interfere
with good decision-making
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Apply risk management measures to your own project
plans
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Manage and control risk during the project
Who Will Benefit?
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Project managers who must develop and execute risk
plans
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Team leaders who manage day-to-day project risk
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Project team members who need to help manage
project risk
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Executives of project management firms that must
develop better business, technical, and project risk management
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Program managers who must coordinate risk
management across several projects at the same time
Agenda
day 1 (morning)
Risk and Projects
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How do you distinguish product, project, and
business risk?
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What are the basic kinds of project risk?
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How can generic lists and brainstorming help
identify risks on your project?
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Where do you search for schedule risk and scope
risk?
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How do you best categorize risk?
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How do you apply these concepts to your project?
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Managing schedule risk with Stays & Days®
& Dragons.
day 1 (afternoon)
Sorting Out the Issues
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What makes a risk description effective in the
eyes of senior management?
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How do you qualify, rank, and screen risks
quickly?
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What three concerns help you gauge risk impact?
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How do you estimate risk likelihood?
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What special contribution does the Risk Chart make
to understanding your risks?
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What does timeframe mean in a risk rating?
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How does a Risk Table help rank risks?
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How do you rate the risks in your project?
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How do you apply these tools to your project?
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Managing schedule and cost risk with Stays &
Days® & Dragons.
day 2 (morning)
Risk Quantification and Detailed Risk Response
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How does range-based estimation relate to risk
quantification?
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What are the "triangular" and "beta" distributions
and which one is less risky?
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How do you incorporate schedule risk and cost risk
contingencies into your plan?
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What should be included in a detailed, individual
risk plan?
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Who is a spotter and what is a trigger?
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What are the five levels of risk response?
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Where do risk response plans fit in your project
plan?
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Managing schedule, cost, and risk events with
Stays & Days® & Dragons.
day 2 (afternoon)
Decision-Making, Risk Monitoring & Control
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How do risk management and decision-making
interact?
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How does the concept of desirabilities apply?
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When do you use decision tables and when do you
use decision trees?
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How do you manage decision-making under
uncertainty?
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What innate biases must you guard against?
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How can you monitor the project for risks and
opportunities?
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How do you react to risk during the project?
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How do you apply these tools to your project?
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What should your next steps include?
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Which step should you take first?
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Managing schedule, cost, and risk events with
Stays & Days® & Dragons
Managing Project Risk
is also available as a web-based class.
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