Assessing and Managing Project Risk Training in Beverly, Massachusetts

1. Why Project Risk Management?

Use of Risk Management

Timing of Risk Management

Can You Eliminate All Risks?

Levels of Uncertainty

Movement of Risk

Project Life Cycle & Project Risk

Proactive Risk Management

Risk Management Scenario

Reactive vs. Proactive

Proactive Risk Management

Communications with Project Stakeholders

Project Stakeholders Definition

Risk Management & Project Stakeholders

Benefits & Uses of Risk Data

The Project Risk Management Process

Risk Management and the Five Process Groups

Knowledge Areas vs. Process Groups

The Risk Management Process

Risk Management Six Elements

2. Plan Risk Management

The Risk Management Process Inputs

Tools & Techniques

Steps

Outputs

3. Identify Risks

The Risk Management Process Inputs

Tools & Techniques

Risk Naming Convention

Root Risk

Internal vs. External Cause Effects

Opportunities

100% vs. 0% Probability

When are You Done?

Outputs

4. Perform Qualitative Risk Analysis

The Risk Management Process

Inputs

Tools & Techniques

Probability and Impact Matrix

Outputs

5. Perform Quantitative Risk Analysis

The Risk Management Process

Inputs

Tools & Techniques

Expected Monetary Value

Standard Deviation Curve

Outputs

6. Plan Risk Responses

The Risk Management Process

Tools & Techniques

Transference vs. Contract Types

Risk Level vs. Contract Types

Probability and Impact Matrix

High Likelihood Risk Response

Outputs

7. Monitor & Control Risks

The Risk Management Process

Inputs

Tools & Techniques

Outputs