Risk Management Principles and Practices

This workshop is intended for risk managers, operational managers, project, program, portfolio and PMO managers, team leaders who manage operations and/or projects in an organizational context, and any other manager who wants to improve business outcomes.

• Apply a structured, disciplined process that keeps you on track
• Use data gathering techniques to analyze your risks, and determine which ones to focus on
• Plan appropriate risk responses using a variety of alternatives and options
• Monitor and control known negative risks to minimize their impact, and continually assess the initiative to identify new ones
• Optimize the opportunities presented by positive risks
• Become a proactive business leader who resolves problems before they occur

Risk Management Framework

• Risk management maturity model
• Risk characteristics and factors
• Positive and negative risks

Risk Management Planning

• Creating the risk rulebook
• Risk management levels and sizing
• Key risk management tools

Risk Identification

• Sources of risk
• Documenting risk characteristics, testing assumptions and constraints
• Multiple combined uncertainties
• Risk identification tools, risk register

Risk Analysis

• Qualitative and quantitative analyses
• Tools for assessing and ranking risk, prioritizing risks
• Probabilities of occurrence and consequences

Risk Response Planning

• Assessing risk tolerances
• Determining what actions to take and assigning responsibilities
• Different types of response plans, realistic contingency planning

Implementing  and Monitoring Risk Response Plans

• Monitoring processes, tools and techniques
• Risk control
• How to sell risk management in your organization

Special features

The action-learning format features simulated exercises in “real-world” business environments. Working in teams, you will apply the tools and techniques you are learning, and experience the process of collaborative planning firsthand.

As part of the workshop, you will receive PMI® Professional Development Units (PDUs).

For financial assistance opportunities, please refer to Financial Assistance, Scholarships and Team Rates .