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Project Risk Management

Strategic Course Goals:
1. The risk impact on project success objectives
2. Risk types and the relationship of risk to the project life cycle model
3. The relationship between risk and both cost and schedule contingency planning
4. Analysis of project risk as part of an overall project success initiative
5. Mechanics for the minimization of risk impacts and the maximization of risk based opportunities.
6. Risk management as a closed loop system
Objectives:
1. Understand the PMI Risk Knowledge Areas
2. Use the tools for risk identification during project planning
3. Use the tools for risk identification during project execution
4. Qualitative Risk Analysis
5. Probabilistic Risk Analysis
6. Develop and maintain a Risk Register as a risk database
7. Monte Carlo simulation as a project risk analysis tool
8. Risk response planning
9. Monitor and control project risks during execution