Risk Management

Understand why threats and opportunities are part of all projects and that the risks structured perception improves projects’ outcomes.

Go to:

To qualify the students in the strategic risks management, presenting the main mechanisms for the risk identification, quantification, responses development and control.

The course also aims to contextualize the risks in the projects environment, providing tools and simulators that are used in their management.

Scope of work

Understand the double risks nature (threats and opportunities)
Establish practical mechanisms to control the risks involved in a project
Complete the risks’ basic details
Use the 7 techniques for the risks identification
Qualitatively analyze and prioritize the risks
Simulate time and cost results through Monte Carlo Simulation
Calculate the probability and estimate the risks impacts
Plan and calculate the contingency reserves and the management reserves
Scale different responses to the threats and opportunities
Monitor the risks and establish responses effective "triggers"

Fact sheet

Estimated duration

16 hours

Target audience

Project managers, risks managers, project team members, planners, and others stakeholders interested in the risk management process.

Requirements

None

Languages

Portuguese, English and Spanish

Number of PDU Provided

Professional Development Units (PDUs) are the measuring units issued by the Project Management Institute for the credential holders.

Course content

Curriculum

1. The context of Risk Management
- Basic characteristics of risks
- The effects of risks in the project
- The need to effectively manage the project risks
- The context of risk management inside a project environment
2. The Project Phases
- The 5 project phases
- The overlapping of project phases in the PMBOK® Guide
- The interference of the phases in the project risk management
- The 49 processes that constitute the PMBOK® Guide
3. The Project Risk Management processes
- Risk Management Planning
- Risk Identification
- Qualitative Risk Analysis
- Quantitative Risk Analysis
- Risk Response Planning
- Risk Monitoring and Control
4. Risk Identification and Categorization
- Subject matter experts interviewing
- Brainstorming
- Delphi Technique
- Nominal Group Technique (NGT)
- Crawford Slip
- Analogy
- Checklist, Surveys and templates
- Risk Breakdown Structure
- Affinity Diagram
5. Risk Qualification, Quantification and Classification
- The different approaches to risks
- Probability
- Expected Monetary Value
- Probability Trees
6. Risk Response Planning
- Factors that may influence the risk responses
- Mitigate
- Transfer
- Acceptance
- Avoid
- Insurances
- Management and contingency reserves

Frequently Asked Questions (FAQ)

1. Will I get a certificate?
Yes. The certificate/badge does not expire and you can leverage your credential in more than 100 social networks, including, LinkedIn, Facebook and Twitter. Your credential uses Blockchain technology to reduce fraud and increase third-party confidence. Your recorded credential is sealed in a digital ledger to prove its authenticity.
2. I am certified as PMP® or I have another credential issued by the Project Management Institute. Can I get Professional Development Units (PDUs) to renew my certification?
Yes. Each course will allow you to claim a different number of PDUs. Check the course FAQ to know exactly the amount of PDU’s you can claim on each course.

For more information on the PDUs, check here.

Certificate and Badge

Upon completing the course, you will receive a credential issued using the Accredible platform that can be downloaded as a PDF file and also shared on your Linkedin or other social network profiles.

See an example credential

Want to learn more?

Get in touch to learn more about how we can help your organization with our courses.

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Ricardo Vargas