Course Description
Project management is opportunity management. It is the ability to seize opportunities, minimize threats and achieve optimum results. Too often, risk management is seen as reactive, or worse, unresponsive. Nothing could be further from the truth. In this Risk Management course, you’ll work through the proactive approach to threat and opportunity—based on a clear understanding of the powerful nature of both qualitative and quantitative approaches to risk management.
Risk Management examines threat and opportunity from both a top-down and bottom-up perspective using ESI’s proven eight-step risk management process. Using effective tools, including ESI’s highly regarded risk assessment model, you’ll learn how to evaluate and respond to risk at the project and task levels.
Included in the course is a multi-part case study that takes you from a risk overview
at the beginning of a project through the challenges of ongoing assessment and
reassessment of threats and opportunities throughout the project. The course materials
also include comprehensive reference materials specific to each unit of the course.
You’ll end the course with new practices to apply in your environment and new insights
on the implications and advantages of applying risk management well.
Reminder: Participants taking this course should not take IT Risk Management.
Agenda
Course Synopsis
Project management is opportunity management. It is the ability to seize
opportunities, minimize threats and achieve optimum results. Too often,
risk management is seen as reactive, or worse, unresponsive. Nothing
could be further from the truth. In this
Risk Management
course, you’ll work through the proactive approach to threat and
opportunity—based on a clear understanding of the powerful nature of
both qualitative and quantitative approaches to risk management.
Risk Management
examines threat and opportunity from both a top-down and bottom-up perspective using ESI’s proven eight-step risk management process. Using effective tools,
including ESI’s highly regarded risk assessment model, you’ll learn how
to evaluate and respond to risk at the project and task levels.
Included in the course is a multi-part case study that takes you from a risk overview
at the beginning of a project through the challenges of ongoing assessment and
reassessment of threats and opportunities throughout the project. The course materials
also include comprehensive reference materials specific to each unit of the course.
You’ll end the course with new practices to apply in your environment and new insights
on the implications and advantages of applying risk management well.
Audience
Course Topics
Introduction to Risk
Definition and characteristics of "risk"
Elements and factors of risk
Event (future occurrence)
Probability (uncertainty)
Impact (amount at stake)
Types of risk
Components of risk management
Identification
Quantification
Response development
Response control
Risk Management Planning and Identifying Risks
Risk management planning
Risk identification
Idea generation tools and techniques
Analysis Fundamentals
Probability and impact
Presenting risk
Descriptive
Qualitative
Quantitative
Probability analysis
Analyzing and Prioritizing Risk
Determining risk tolerances
Analyzing risks
Impast analysis
Risk-based financial tools and techniques
Expected-value analysis
Decision trees
Prioritizing risks
Risk Response Planning
Risk response strategies for opportunities and threats
Risk acceptance
Risk avoidance
Risk mitigation
Probability minimization
Impact minimization
Transference
Establishing reserves
Execution, Evaluation and Update
Risk Response monitoring and control
Execute risk strategies
Contingency plans and workarounds
Risk evaluation
Reassessing risk
Risk documentation
Comments
Field of StudyManagement Advisory ServicesAce RecommendationsUndergraduate 2 credit hoursCourse CPE27Course PDUs22.5Course CEUs2.2E-training PDUs28