Project Risk and Issue Management

One of the biggest challenge to any project is managing the risks and issues that are inherent in them. This one-day course helps you prepare for risks and issues and makes you capable of managing them appropriately. Based on the Practice Standard for Project Risk Management and the A Guide to the Project Management Body of Knowledge (PMBOK) Guide 6th Edition, you will learn how to properly deal with uncertainties in your project. This course is filled with hands-on activities that will help you put theory into practice. Be better prepared and manage your projects like a pro.

For PMI certified professionals, this course earns 8 PDU’s on the technical track of the PMI Talent Triangle.

At the end of this course, the participant should be able to:

  • Describe what is a project risk and issue and be able to properly identify them
  • Perform Risk Analysis
  • Perform Risk Response Planning
  • Manage stakeholders and project issues using an issue log

Course Outline

  • Introduction on Project Risk Management
    • What is a Risk
    • Individual Risks and Overall Project Risk
    • Stakeholder Risk Attitudes
    • Iterative Process
    • Communication
    • Responsibility for Project Risk Management
    • Project Managers Role in Project Risk Management
  • Project Risk Management Process and Plan
    • Project Risk Management Process
    • Risk Management Plan
  • Project Risk Identification
    • Sources of Risks
    • Techniques in identifying Risks
    • The Risk Register
    • ACTIVITY: Risk Identification
  • Risk Analysis
    • Qualitative Risk Analysis
    • The Probability Impact Matrix
    • Bubble Charts
    • Risk Categorization
    • Quantitative Risk Analysis
    • Tornado Diagram
    • Decision Tree Analysis
    • ACTIVITY: Risk Analysis
  • Risk Response Planning
    • Strategies for Threats
    • Strategies for Opportunities
    • Contingent Response Strategies
    • Strategies for Overall Project Risk
    • ACTIVITY: Risk Response Planning
  • Risks in Project Execution
    • Implementing Risk Responses
    • Monitoring Project Risks
  • Issue Management
    • What is Issue Management
    • The Issue Log
    • Issue Management as a means to manage stakeholders
    • ACTIVITY: Managing Project Issues

Who should attend

  • Project Managers
  • Project Team Members
  • Risk Managers
  • Account Managers
  • Anyone who would like to learn about how risk management and issue management is done in projects

Course Fee is inclusive of AM/PM snacks, lunch, access to the xworks learning management system, digital course materials, and course certificates.

PMI, PMP, and PMBOK Guide are registered marks of the Project Management Institute