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.
By applying these tools...
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.
Learn How To Use a practical, eight-step process to manage project risk Identify threats and opportunities and weigh their relative value in your project Control multiple risks using concise strategies Overcome psychological barriers to risk in stakeholders and team members Make risk and opportunity integral components of your next project plan
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