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Project Management: Risk Tools & Techniques


Risk is a future event and the project manager has some luxury of time to plan and prepare for its potential eventuality. Risk can also have either a positive or negative impact on a project’s execution and proper planning is critical to properly manage risk. In this class, participants will learn where to look for risk, how to assess the impact and probability and to use that information to create and maintain an effective Risk Management Plan.

After completing this program, participants will be able to:

  • Utilize techniques to identify project Risks
  • Determine probability and impact of project Risks from qualitative and quantitative perspectives
  • Apply appropriate Risk response techniques
  • Utilize processes to control risks throughout a project

Section: PROJECTRISK (25MAR18)
Dates: Mar 25, 2018 - Mar 25, 2018 Time: 1:00 PM
Tuition: $295.00 Instructor: Tim Peek Register

Lesson 1. Plan Risk Management
  • Create and document processes and procedures to define, assess, measure and plan project risk
  • Develop the contents of the Risk Management Plan

Lesson 2. Identify Risks

  • Recognize where to identify project risk and the roles and responsibilities of project team members in this process
  • Utilize various risk identification tools and techniques to create the risk register

Lesson 3. Perform Qualitative Risk Analysis

  • Apply subjective criteria to assess and prioritize project risk
  • Utilize risk themes based on organization culture to develop individual risk value
  • Prioritize risk based on value measurements

Lesson 4. Perform Quantitative Risk Analysis

    Leverage mathematical models and calculations to further evaluate risk
  • Utilize quantitative results to realize risk impact on project cost and time

Lesson 5. Plan Risk Responses

  • Apply appropriate risk response techniques to high priority risks
  • Develop plans necessary to respond to risk events

Lesson 6. Control Risks

  • Track and monitor project risk and employ risk response plan, as necessary
  • Recognize what a risk trigger is and how it can be used to forecast a risk event

Class Schedule

Date Times Meeting Type Location
03/25/2018 1:00 PM - 5:00 PM Classroom Executive Park

Additional Information

Final Enrollment: Mar 25, 2018
Clock Hours: 4.0