LGD-RSK01
Risk Management provides participants with a wide range of tools and techniques to effectively recognize, manage, and mitigate project risks. This course also focuses on methods for successful communication of project risks.
This course is best suited for moderate to experienced project managers. Students can claim 7 PDU/Contact Hours upon completion of this course. This course also qualifies for continuing PDU credit in Category 3 or Category A.
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Martin VanDerSchouw
Martin VanDerSchouw - PMP
Martin VanDerSchouw, PMP currently serves as President & CEO of LookingGlass Development, LLC., a premier provider of project management tools, training, and consulting. He served 3 years on Project Management Institute\'s International Board of Directors as well as PMI\'s Chair of Performance Oversight, Chair of External Relations and Involvement Committee, and as Secretary Treasurer. Martin was named in the Top 40 under 40 by the Denver Business Journal and was named PMI\'s 2004 International Business Leader of the Year. Additionally, he regularly makes more than 50 presentations per year to groups in the areas of leadership, performance management, and program/project management. He is currently the Colorado State Commissioner for Information Management governing all IT projects over $500,000.
Course Outline TXT
Course Introduction
Section 01 - Quick PM Review
Quick PM Review
Agenda
Expectations
PMBOK Guide
Project Boundaries
PMBOK Guide Knowledge Areas
Risk Management
The PMI-RMP Process
The PMI-RMP Exam
Section 02 - Risk Definition
Risk Definition
Risk Defined
The Delicate Balance
The Basic Model
Example
Objectives of Risk Management
Objectives of Risk Management 2
Types of Risks
Attitudes Toward Risk
At an Organizational Level
Proactivity
Section 03 - Plan Risk Management
Plan Risk Management
The PMBOK Guide Says…
The Risk Management Plan
The Risk Management Plan 2
Plan Risk Management 11.1
Inputs
Meetings and Analysis
Included in the Risk Management Plan
Sample RBS
Also Included
The PMBOK Guide Says… (Continued)
Matrix Basics
Sample Impact Matrix
Section 04 - Identify Risks
Identify Risks
Why?
Identify Risks 11.2
Who Should Be Involved in Risk Identification?
Useful Information to Begin
What Can You Do?
What Else Can You Do?
Major Result - The Risk Register
The Risk Register
Conclusions
Section 05 - Perform Qualitative Risk Analysis
Perform Qualitative Risk Analysis
Qualitative Defined
Perform Qualitative Risk Analysis 11.3
The Basics
Risk Score for Each Specific Risk
Risk Score for Each Specific Risk 2
Risk Score for Each Specific Risk 3
Risk Data Quality Assessment
The Risk Register Updates
Section 06 - Perform Quantitative Risk Analysis
Perform Quantitative Risk Analysis
Quantitative Defined
Quantitative Risk Analysis 11.4
Possible Results
Goals
A Comparison
Data Gathering and Representation
Data Modeling and Simulation
The S Curve
Data Modeling - Sensitivity Analysis
Expected Monetary Value
Data Modeling - Expected Monetary Value Analysis (EMV)
Data Modeling - Decision Tree Analysis
Decision Tree Analysis
A Sample
Risk Register Updates
Section 07 - Plan Risk Responses
Plan Risk Responses
Risk Responses Defined
Plan Risk Responses 11.5
Responses
Response Strategies
Risk Reduction Techniques
Risk Reduction Techniques 2
Risk Reduction Techniques 3
Risk Reduction Techniques 4
Risk Register Updates
Resulting Risks
Section 08 - Monitor & Control Risks
Monitor & Control Risks
Monitor & Control Risks 11.6
Why & How
Additional Purposes
Additional Purposes 2
Received During Monitoring and Control
Tools and Techniques
Results
Life of a Risk
Section 09 - Contract Administration
Contract Administration
What is Contract Administration? / What is a Contract?
Cost Plus Percentage of Cost (CPPC) or Fee (CPPF) / Cost Plus Fixed Fee (CPFF)
Cost Plus Incentive Fee (CPIF) / Fixed Price Plus Incentive Fee (FPPI)
Firm Fixed Price (FFP)
Contract Type Selection
Sharing of Cost and Risk
Contract Types
Contract Types 2
Determining Factors
Determining Factors (Continued)
Cost / Schedule Incentive Provisions
Contracting Sequence of Activities
Invitation for Proposals Consists of
Course Closure
