Project Risk Management
How to manage threats and uncertainty on a project
This course includes The Outset Advantage
Course Length: 3 Days
Course No. TMA36
PMI Guide to the Project Management Body of Knowledge (PMI PMBOK® Guide)
Outset Group Seminar Manual
A set of risk management templates for each stage of the project life cycle
PMI Code of Ethics and Professional Conduct
Who should attend?
Project Managers at all levels
Individuals who are taking on project management in addition to their
Individuals transitioning into a project management role
Individuals who provide oversight or supervision to project managers
What knowledge and skills do students gain?
The Outset Group offer programs and courses that are preapproved for professional development units through PMI and have been reviewed by a project management
professional (PMP) to ensure that they meet PMI's expectations for professional development in project management.PMBOK® Guide, PMI®, PMP®,
CAPM®, and the PMI R.E.P. logo are either marks or registered marks of the Project Management Institute, Inc.
Seminar Content & Approach
Projects deliver change, and that means a project manager must manage the risks that come with an attempt to change things. This seminar teaches PMI methods to identify threats, put appropriate plans in place to deal with prioritized threats, and monitor project communication to know when a risk event has occurred.
In keeping with the Outset Group teaching methods, students bring in a current real world project to work on. The
result is a learning experience that translates directly to job performance and improved project outcomes.
We start by defining “risk” in the project context. Then, we take a guided tour through a project and learn where to look for risks. As risks are identified, we teach the fundamental methods of analyzing and prioritizing risks. Then, we turn our attention to risk planning, and monitoring communication to know when a when a contingency plan should go into effect. We then advance to risk monitoring and control, focusing on communication feedback loops..
Students return to work with:
The ability to identify, analyze, plan for, and monitor risks on their projects
A set of identified risks for their current projects
A plan to address significant risks on their current projects, first through analysis and then prioritizing significant risks for action
Ideas and insights into risk triggers on their current projects, and contingency plans that will eliminate or mitigate the risk
A working knowledge of the PMI approach to risk management
Ability to understand and use the terminology of risk management
Ability to work collaboratively with upper management to ensure that significant risks are addressed at all phases of the project lifecycle
This seminar draws heavily from the PMI Practice Standard for Risk Management. We also teach interpersonal and facilitation skills that support effective risk management. In addition, we draw upon the IIBA Business Analysis Body of Knowledge (BABOK Guide) for best practices in risk analysis.