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School of Continuing Studies

XCPD-483 Project Risk Management

Jul 23, 2019
Washington, District of Columbia, United States
USD 695
USD 695 per day
Oct 21—Nov 4, 2019
Online
USD 695
Oct 29, 2019
Washington, District of Columbia, United States
USD 695
USD 695 per day
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Description

Course Details

Risk management is the structured, disciplined approach to dealing with unknown events and how they can affect project performance. This course includes a review of the basic components of risk: probability of an event and the consequences of the event. The core elements of probability theory are reviewed, as are the basic components of estimation theory. Risk management is assessed from its basic steps: risk identification, risk impact analysis, risk response planning, risk monitoring and control, and planning. Risk modeling, using Monte Carlo simulation, will be fully discussed. Case studies will illustrate how risk management is successfully used in a variety of fields. Project management applications are reviewed to show how risk management improves project performance as measured by reduced cost overruns and schedule delays and how quality and safety issues can be improved by application of risk management techniques.

Course Objectives

At the completion of the course, a successful student will be able to:

  • Identify the basic components of risk and a risk management plan.
  • Describe the core elements of probability and estimation theory.
  • Describe how risk management improves project performance.

Experts

Michael Spread is an innovative leader in strategy, operations, and project & program management. Michael Spead (PMP, CSM, CSPO, ITIL, and SSGB) has over 15 years of experience transforming organizational strategies and objectives into actionable projects / programs / portfolios that achieve ...