Let's review the Project Risk Management Processes as outlined in the PMI® PMBOK® Guide 6th Edition. Apply the principles. Advance your career!
All project managers are risk managers, some better than others. In this four-week online short course, we will boost your risk management knowledge and skills by reviewing the seven project risk management processes.
The Project Risk Management Short Course will start on
October 3rd, 2019
Too busy to study and apply risk management principles? Maybe you are finding it hard to find time to prepare for PMI-RMP® Exam. Or perhaps you just need to refresh yourself on these critical skills.
If you are like most project managers, you live a busy life. Work is more than 9 to 5. Things are crazy at home—children’s ball games, civic club activities, yard work, and the list goes on. How does one find the time to study and actually apply risk management principles?
That’s why I’ve created this short course. I’ve been where you are. I prepared, took, and passed the PMP® and PMI-RMP® exams during one of the busiest times of my life. I was working full time, married, and had two children.
What qualifies me to teach this workshop? Not only have I passed the PMP® and PMI-RMP® exams, I have managed hundreds of projects, implemented three PMOs, and implemented and managed two Enterprise Risk Management (ERM) Programs.
I’m not teaching something I read out of a book. I’m teaching from real world experience!
So, I can teach you the risk management processes. Furthermore, I’ll teach you to actually apply the knowledge you gain to your portfolios, programs, and projects. No fluff. Just simple, to the point instruction. Plus real world application.
The results? Become a better project manager. Make better decisions. Advance your career.
Apply the Principles. Advance Your Career
The Project Risk Management Short Course
Most of your project problems can be avoided or greatly reduced through risk management. Identifying, analyzing, and managing risks goes a long way towards reducing problems and seizing opportunities in your projects. The short course is aligned with the PMI-RMP® Examination Content Outline, Practice Standard for Project Risk Management, and the PMBOK® Guide 6th Edition. Furthermore, we will discuss how to apply these processes and improve your project success!
“For organizations that apply a formal risk management approach, 73% of projects meet their objectives, 61% finish on time, and 64% are completed within the approved budget.” —PMI Pulse of the Profession
Here’s What You’ll Get When You Attend
This is a four-week online short course. You will actually work with other project managers during the course. You'll have the opportunity to get to know other project managers from different industries and learn together.
Engage with Other Project Managers
This course has been designed to allow you to work with other project managers and learn from one another.
Explore the World of Risk Management
Discover how risk management is applied at an enterprise, portfolio, program, and project levels of an organization.
Learn and Apply the Seven Risk Management Processes
The risk management life cycle framework is comprised of seven processes. You will learn how to develop a risk management plan, identify risks, evaluate risks qualitatively and quantitatively, plan risk responses, and monitor risks.
Test Your Understanding
Periodically, you will have the opportunity to take a quick quiz. You'll know whether you are understanding the concepts and gain confidence in your risk management knowledge.
- Project Managers
- Program Managers
- Portfolio Managers
- Operational Risk Managers
- Anyone who wishes to learn and apply risk management
- Anyone working toward their PMP or PMI-RMP certifications
The Project Risk Management Processes
In this short course, you will learn to develop risk management plans, identify risks, evaluate risks qualitatively and quantitatively, plan and implement risk responses, and monitor risks.
Welcome (Week 1)
Welcome to the Project Risk Management Workshop. I will provide an overview of the short course.
An Overview of Project Risk Management (Week 1)
We start with a look at the world of risk management—enterprise, operational, portfolio, program, and project risks. Next, we look at the difference between individual risks and overall project risks. Then discover the powerful relationship between project objectives and risks. And the relationship between project Knowledge Areas and Process Groups. Lastly, I'll provide an overview of the seven risk management processes.
Plan Risk Management (Week 2)
Yes, it takes time to define a risk management plan. However, this may be the best investment in your project. Done properly, risk management saves time, reduces stress, and positions your team for success. Start with a solid foundation — a well-defined, management-approved risk management plan.
Identify Risks (Week 2)
Either project managers identify and manage risks or risks will manage them. Learn seven ways to identify risks. Discover a simple syntax for writing clear risk statements, making it easier for you to capture your risks and for others to understand them.
Perform Qualitative Risk Analysis (Week 3)
You cannot respond to all risks, neither should you. Prioritization is a way to deal with competing demands. The prioritization aids in determining where you will spend your limited time and effort. In this lesson, we will look at simple methods for analyzing your project risks quickly.
Perform Quantitative Risk Analysis (Week 3)
Project managers should be prepared to perform different types of risk analysis. For many projects, the quicker qualitative risk analysis is all you need. But there are occasions when you will benefit from a quantitative risk analysis.
Let’s take a look at quantitative risk analysis: What is it? Why should we perform it? And when should it be performed?
Plan Risk Responses (Week 4)
Some project managers respond to risks in a timely manner, resulting in positive progress toward their project goals. Others act haphazardly, resulting in undesirable consequences. Let's look at how to develop risk response plans. We'll also discuss how to assign risk owners.
Implement Risk Responses (Week 4)
It's one thing to develop a risk response plan; it's another to actually implement the plan. Here, we will discuss the implementation and the timing of these responses. We will also talk about contingency plans. What are they and how do we develop them?
Monitor Risks (Week 4)
Changes in project risks are inevitable. As a project progresses, the probability and impact of current risks change, new risks emerge, and residual risks may increase or decrease. What tools and techniques can project managers use for monitoring risks and getting the results they are looking for?
Hey, check out the Short Course Bonuses!
The primary aim of this workshop is to help you have greater project success. How? Through the application of project risk management principles and processes. To that end, I will provide these bonuses during the course. Learn. Apply. Become a better project risk manager.
Risk Management Plan Template
Jump start your risk management process with this risk management plan template. As you complete the template, you will answer questions such as:
- How will you identify risks?
- Who will be involved?
- How often will you perform risk management activities?
- What tools and techniques will you use?
- Who will own the project risks?
7 Ways to Identify Project Risks
I've been blogging for over five years on project risk management. My top article, by far, has been "7 Ways to Identify Project Risks." As a part of this course, you will be able to download this article. Use it as a checklist as you develop your risk management plans.
Which risk identification tools and techniques will you use in each project?
Risk Register Template
Project managers constantly think about risks, both threats and opportunities. What if the requirements are late? What if the testing environment becomes unstable? How can we exploit the design skills of our developers?
This risk register template provides you with a tool to capture and analyze your risks. Also capture your risk strategies and risk response plans.
About The Teacher,
Harry Hall, PMP, PMI-RMP, ARM-E
Harry Hall is the guy behind projectriskcoach.com. He is a speaker, teacher, author, and blogger. He graduated from the University of Georgia and is a certified PMP®, PMI-RMP®. In his free time, Harry enjoys playing guitar, gardening, reading, running, and teaching others how to speak Southern.
The Project Risk Management Short Course will start on
October 3rd, 2019
Frequently Asked Questions
How long does the course last? And how many people will be in the course?
Four weeks. There will be a one-hour session each week. Up to eight people will be in the course. We keep the class small to ensure good interaction.
What makes this workshop different from others?
First, you will be taught by an individual who has managed enterprise, portfolio, program, and project risks. Second, your instructor is certified as a PMP, PMI-RMP, and ARM-E (Associated in Risk Management with an emphasis in Enterprise Risk Management). Third, the focus of this course is more than preparing you for tPMI-RMP® exam. You will learn to actually use the risk management processes to improve your project success. Fourth, no fluff. Just simple, to the point instruction.
Furthermore, you will have access to the Pass the PMI-RMP Exam Facebook Group where you can share comments or ask questions during the course. You will have access to this group up to two weeks after the end of the course.
What if I've never taken risk management training?
No problem. Whether a novice or experienced project manager, walk you through the risk management processes and provide you with practical tips, tools, and techniques.
What materials are required?
Participants should have a copy of the PMBOK Guide - 6th Edition. While not required, you are encouraged to also purchase a copy of the Practice Standard for Project Risk Management (2019).
Does this course allow individuals to earn contact hours for the PMI-RMP exam? Does the course provide PDU credits?
Yes, individuals earn 4 contact hours. See the PMI-RMP Handbook: "You can satisfy the project risk management education requirements by demonstrating successful completion of courses, workshops and training sessions - Training companies and consultants."
Yes, individuals taking this course earn 4 PDUs.
The Plans of the Diligent. . .
One of my favorite proverbs says, "The plans of the diligent leads to profit as surely as haste leads to poverty." Becoming a better project manager requires both planning and hard work. You can do this. And I would be honored to help you achieve this goal. Your best days are ahead!