Planning and Identifying Project Risk


Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number


Overview/Description
In a perfect world, decisions would be made with complete certainty--all necessary information would be accurate and available as needed to ensure total success. In the real world, however, this is seldom the case. Real life is fraught with uncertainties; knowledge of events or conditions that may or may not occur is imperfect and incomplete, and this uncertainty affects decisions and outcomes. Risk occurs when decisions are made without perfect knowledge--in other words, nearly all the time. It is the project manager's job to assess and control risk, to avert or minimize its adverse effects, and to capitalize on its positive effects. In this course, the project manager will learn when and how to plan for risks and how to identify risks proactively and at the time they occur. This course is aligned with "A Guide to the Project Management Body of Knowledge" (PMBOK® Guide) - Third Edition, published by the Project Management Institute (PMI®), Inc., 2004. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI®.

Target Audience
Project managers who are seeking to further their project management skills to more advanced levels, and project managers who are preparing for PMI® Project Management Professional (PMP) certification or need to fulfill continuing education requirements for maintaining PMP status

Expected Duration (hours)
2.5

Lesson Objectives

Introduction to Risk Management

  • identify benefits of understanding Risk Management processes.
  • match the Risk Management processes with their definitions.
  • identify how Risk Management processes are related to Process Groups.

    • Risk Management Planning

  • identify reasons why it's important for the project manager to understand Risk Management Planning.
  • match the inputs to the Risk Management Planning process with descriptions of the way they are used.
  • identify the major elements that must be analyzed during Risk Management Planning meetings.
  • identify components of the Risk Management Plan.

    • Risk Identification

  • identify reasons why it's important for the project manager to identify project risks.
  • identify inputs to the Risk Identification process.
  • match the inputs for identifying risks with descriptions of how they are used.
  • match the tools and techniques used to identify risks with examples.
  • demonstrate correct use of the Delphi technique for a given scenario.
  • identify four entries on the Risk Register that are made during Risk Identification.

    • Course Number:
    PROJ0591