Dubai International Project Management Forum

Prerequisites
Basic understanding of project management

Content Focus
Specialty

About the Program
Have you been surprised by unplanned events during your projects? Are you and your project team frequently fighting fires? Well, you are not alone. Uncertainty exists in any project environment. While it’s impossible to predict project outcomes with 100% certainty, you can influence the outcome, avoid potential risks, and be ready to respond to challenges that arise.

In this course, you’ll gain the proper knowledge needed to identify, assess, plan for, and monitor risk in your projects. You’ll learn how to set up and implement risk management processes, helping you to minimize uncertainty and achieve more consistent, predictable outcomes as a result.

Who Should Attend
This course is designed for:

• Project managers
• Program managers
• Managers of project managers
• Team members working on high-risk projects

Performance Focus

• Risk planning
• Risk identification
• Risk assessment (qualitative and quantitative)
• Risk response planning
• Risk monitoring

What You Will Learn
You’ll learn how to:

• Demonstrate to others how the risk management processes in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) apply to your project’s environment, especially for high-risk projects
• Adapt these processes for a particular high-risk project team’s operating principles
• Explain the importance of using risk management best practices at single and enterprise project levels
• Lead an initiative to implement risk management best practices in your project environment

 
Course Overview

Foundation Concepts

• Risk-related definitions
• The risk management process
• High-risk projects and project failures
• Classical failures in implementing risk management

Plan Risk Management

• Project risk management and governance
• Risk management planning for high-risk projects
• High-risk variations on a risk management plan

Identify Risk

• Adapting the risk identification process for high-risk projects
• Recognizing risks spontaneously
• Confirming and structuring risk events for treatment
• Wrapping up risk identification for high-risk projects

Perform Qualitative Risk Analysis

• Adapting qualitative risk analysis for high-risk projects
• Accelerating risk analysis
• Clearing risk action
• Wrapping up qualitative risk analysis for the next level

Perform Quantitative Risk Analysis

• Adapting quantitative risk analysis for high-risk projects
• Ensuring effective risk analyses with data quality assessments
• Building a foundation for quantitative risk analysis
• Using discrete quantitative tools
• Using continuous quantitative tools
• Wrapping up quantitative risk analysis for high-risk projects

Plan Risk Responses

• Adapting risk response planning for high-risk projects
• Optimizing active risk response strategies
• Leveraging contingencies for high project performance
• Wrapping up risk response planning for high-risk projects

Implement Risk Responses

• Implementing Risk Responses Process
• Executing Risk Response Plans
• Tools and Techniques
• Best Practices
• Continuous Risk Management

Monitor Risks

• Adapting risk monitoring for high-risk projects
• Optimizing risk plan maintenance
• Weaving risk reassessment into the project’s progress
• Maintaining a continuous “vigil” in high-risk project environments

Summary