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Course Description
This course is 7 learning hours. It is recommended that students spend an additional 1 hour over the two-day period on this course.
Now, more than ever, the success of a project is dependent on the ability to identify, qualify, quantify, and manage threats and opportunities. Sometimes, organizations view potential undesirable outcomes as something that should not be discussed in order to avoid negativity or because they do not appreciate the importance of risk management. Other organizations value risk management but they lack the skills and knowledge to be effective in this crucial area of competence.
This course is designed to look at risk identification, qualitative, and quantitative techniques to identify the likelihood of a risk occurring and the impact if it does. A variety of risk response strategies are discussed and practiced during workshop exercises.
Course Outline
- Session 1: Introduction, risk management process
- Session 2: Risk management process cont'd, risk tools
What You Will Learn
- Application of common framework of risk management
- The importance of including risk management in project planning and execution
- Ability to facilitate team discussions to identify project risks, opportunities and to formulate risk responses appropriate to an organization’s risk tolerance
- Use Expected Monetary Value to assess the reasonableness of risk response strategies
Prerequisites
Recommended For
- Anyone working on projects in any industry who wants to increase their ability to deal with uncertainty
- Project managers, project coordinators, subject matter experts, technical personnel, team members, managers, and key support personnel
- Those who want to increase their marketability in the project management job market
Applies Towards the Following Certificates
- Non-Credit Diploma in Professional and Leadership Studies : Elective Program - Project Management
- Certificate in Project Management : Required
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Procept has a long and rich history delivering professional training in Canada and around the world. Procept delivered the first Project Management Professional (PMP®) preparation class in Canada, created the first formal project management course delivered through a continuing education division at a Canadian university at the Professional Development Centre of University of Toronto's Faculty of Engineering and Applied Science, and delivered the first course on agile project management offered through a Canadian university. Today, Procept maintains its relationships with higher education, offering classes through one US and five Canadian universities. Procept instructors teach graduate classes in the Master of Engineering programs at several universities as well as post-graduate professional development classes.