Project Risk and Issue Management (Batch 191)

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, PMI Talent Triangle, PMBOK, and Practice Standard for Project Risk Management are registered marks of the Project Management Institute, Inc.