Assessing and Managing Project Risks - 2 days
Projects are initiated given a series of defined and assumed technical objectives. Estimates are made having a varying degree of uncertainty. This seminar teaches you best practice processes tools and techniques that enables you to assess the risk associates with assumptions and project uncertainties. To protect the project's financial, Quality and schedule objectives you will be introduced to a six step process fundamental to the ability to identify, mitigate and control risks throughout the project lifecycle.
What You Will Achieve
How to establish and implement a structured approach to the forecasting, monitoring and mitigating the project risk factors that can adversely impact schedule, cost and resource commitment to the project as part of your project management plan.
How to effectively communicate and share responsibility of project risk with your team members, customers and management.
How to identify the different types of risk associated with your project such as Technical, Time, Cost, Quality and others.
How to use automated risk analysis tools and techniques such as decision trees, monte-carlo analysis and others.
Why Cost Management is a requirement for today's project manager.
Cost management terminology and techniques as it applies to project management.
How cost management ties in to better resource planning and control.
How cost is associated with estimating of activity duration and managing project deadlines.
The importance of Earned Value techniques in the overall project management process.
The importance of a structured approach to the development of a cost based change management system.(return to top)