Professional Development

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Applied Risk Management

To be announced

9 a.m. - 4 p.m. ; Baldwin Wallace, Berea
Instructor: Lynda Carter

Risk management is any uncertainty in any project that you can control or at least track. The trick is to identify those uncertain events that are the most critical and could impact project success, and then analyze and manage them.

Using tools such as Force Field Analysis Prioritization you will be better prepared to focus on the high risk, resource consuming tasks and prioritize and keep an eye on the rest.

In addition to providing best practice risk management theory, this course includes hands-on case studies focused on risk application, risk audit and risk communication planning.

Target Audience: Those who have completed Planning, Scheduling, and Controlling and who currently use a risk management plan.

Learning Objectives:

  • Describe the risk management lifecycle
  • Identify uncertain events in projects using standards, techniques and risk  categories
  • Apply evaluation techniques in  analyzing and prioritizing risks
  • Determine when to create mitigation strategies for risks and how to integrate mitigation strategies into project plans
  • Discuss risk management roles and responsibilities

Course Outline:

  • Risk Overview
  • Risk Tolerances by Role:
    • Your Tolerance
    • Stakeholder Tolerance
    • Organization Tolerance
    • Aligning your Tolerances
  • Risk Identification Techniques
    • Brainstorming
    • Affinity Diagrams
    • Force Field Analysis
  • Risk Assessment
    • Probability and Impact
    • Weighted Probability and Impact
    • Prioritization
  • Risk Management
    • Mitigation
    • Positive Risks
    • Contingency
    • Decision Trees
      • Case study
      • Completing Risk Audit
      • Preparing for Risk Application
  • Risk Communication
    • Monitoring Strategies
    • Reporting
    • Roles and Responsibilities
    • Application Case Study




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