I.T. Project Risk Management

PM400 : 3 Day Instructor-Led Course

Analyze, mitigate and control risks in your IT projects

This course provides a six-step process for managing risks on I.T. projects. Specific tools and techniques used throughout the project life cycle are presented, discussed and followed-up with in-class exercises and real-life examples. Emphasized is the need for project managers to move from a reactive mode to proactively managing project risks on I.T. projects. Course content is consistent with the Project Management Institute’s Guide to the Project Management Body of Knowledge, Third Edition.

 
Prerequisites:
Project Management experience
Project Management Fundamentals (As taught in our PM100 Course)
PMP Project Management (As taught in our PMPC Course)
 
Topics covered:
  •  What is “Risk”?
  •  What is “Risk Management”?
  •  The Double Nature of Risk
  •  The Need to be Proactive
  •  PMI’s Six-Step Process for Managing Risks
  •  Risk Management Planning
  •  Planning Tools and Techniques
  •  Identifying Risks
  •  Delphi Technique
  •  Brainstorming
  •  Nominal Group Technique
  •  Crawford Slip Technique
  •  The Risk Register
  •  Quantifying and Qualifying Risks
  •  Analyzing Risks
  •  Expert Judgment
  • Decision Trees and their applications
  •  Monte Carlo Simulation Application
  •  Prioritizing Risks
  •  Expected Value Examples
  •  Risk Rating Matrix
  •  Analyzing Budget and Schedule Risk
  •  Comparative Risk Ranking
  •  Filtering
  •  Probability Concepts and Applications
  •  Developing the “Risk Contingency”
  •  Planning and Developing Responses to Threats and Opportunities 
  •  Contingency Planning 
  •  Tools for How to Respond to Risks
  •  Risk Documentation
  •  Managing Expectations about Risk
  •  Monitoring and Controlling Risks
  •  Risk Lessons Learned
 
Exam:        
A 40-question exam is given with a 70% passing grade.
 
Course Credit:
A Certificate of Completion and 21 PDU’s will be granted upon successful completion of this course.