1 – Introduction to Risk Management

• Risk management concepts
• Benefits of strategic risk management
• Integrating risk management within the project life cycle
• Taking a leadership role in risk management
• Understanding stakeholder risk tolerances and attitudes
• Developing a risk management plan
• Defining risk categories, probability, and impact
• Creating a risk matrix
• Effective risk communication
• Critical success factors for risk planning

Risk Identification

• Identifying types of project risks
• Critical success factors for risk identification
• Stakeholders in the risk identification process
• Tools & techniques for identifying risks
• Writing accurate risk statements
• Developing a practical risk register
• Case Study Exercise

2 – Risk Analysis

• Qualitative risk analysis overview
• Critical success factors for analysis
• Assessing risk probability, impact, and urgency
• Using the risk matrix effectively
• Quantitative risk analysis: when and why
• Calculating risk impact
• Expected monetary value (EMV) and risk reserves
• Decision trees for risk assessment
• Monte Carlo simulation & probability distributions
• Case Study Exercise

3 – Risk Response Planning

• Overview of response planning
• Critical success factors for response planning
• Risk response strategies and documentation
• Tools & techniques for planning responses
• Addressing residual and secondary risks
• Case Study Exercise

4 – Controlling Risk

• Purpose and goals of risk monitoring and control
• Understanding the life cycle of a risk
• Critical success factors for controlling risks
• Using contracts as risk management tools
• Tracking risks with the risk register
• Executing risk response plans
• Case Study Exercise

5 – Risk Closure and Communication

• Purpose and objectives of risk closure
• Critical success factors for closure and communication
• Communicating ongoing risk status
• Creating a centralized risk repository: the Corporate Knowledge Base