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CVR/IT Project Management Workshops
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Controlling Project Risk: Managing Threats and Promoting Opportunities
Course Overview
Every project has issues. Issues are threats to a project that have materialized, and they can drain a
project team of needed energy and time. Experience has shown us that proactive management of project
risk can reduce the incidence and severity of issues by up to 90%. The advantages to this approach are
enormous.
Every project has opportunities. Although common experience suggests that real project opportunities are
few and far between, this is actually not correct. Projects are filled with opportunities, if we know how to
look for them. Opportunities can lead us to lower cost, savings in time, higher quality and a happier
customer.
This workshop moves beyond the standard project management curriculum by explaining how to manage
both sides of risk: threats and opportunities. You will be led through a series of exercises, each of which
contributes to establishment of an effective Risk Management Practice. Participants leave with:
- An understanding of the origins of risk
- An appreciation of risk’s dual nature: negative and positive
- Hands-on experience in development of a Risk Management Plan
- Experience identifying and characterizing project risks
- Knowledge of how to calculate risk contingency funds
- Experience in development of a risk register
- An understanding of the two kinds of project opportunities
- Experience using the Seven-Step approach to finding and leveraging project opportunities
Who should attend
Project Managers, Managers of Project Mangers, Functional Managers and Executives with project
responsibility, Project Management Office staff
Prerequisites
This course assumes familiarity with basic project management concepts as well as some experience in
the planning and execution of projects.
Course Outline
Introduction
- Origin of project risk
- The standard model of risk
- Stakeholders in risk management
Planning to Manage Risk
- How to manage risk
- The Risk Management Plan
Threat Identification
- Threat identification process
- Tools and techniques
- The Risk Register
Threat Analysis
- The formal threat statement
- Characterizing threats
- Tools and Techniques
- Threat prioritization: Using numeric scores
Threat Response Planning
- Responding to threats
- Secondary and residual risks
- Budgeting for threat management
Opportunity Identification
- Two kinds of opportunity
- Why opportunities are missed
- An enhanced model of risk
- What we can do to find more opportunities
- Seven Step Approach to opportunity management
Wrap-Up Discussion
Learning Approach
- A highly experienced instructor will use interactive lecture format, numerous hands-on exercises,
team activities, group discussions and other techniques to drive home the essential points of this
material
- We will build on your prior experience in this topic, while providing you with a structure and
vocabulary to use in future projects.
If you have modest project management knowledge, you will find that the clarity of the material
and direct presentation style of the instructor will make the subject matter easy to understand.
- You will receive a Student Guide which will help you follow the material, take notes and retain
what you learned so that you can apply it on your job.
Why should I take this course?
- Controlling Project Risk presents a practical approach to uncovering and leveraging
opportunities, a topic virtually untouched in standard project management training. Take home a
whole new set of tools and techniques.
- Take this course and learn what you can do to ensure that your projects proactively manage
threats and take best advantage of opportunities.
Why should I take this course?
- Controlling Project Risk presents a practical approach to uncovering and leveraging
opportunities, a topic virtually untouched in standard project management training. Take home a
whole new set of tools and techniques.
- Take this course and learn what you can do to ensure that your projects proactively manage
threats and take best advantage of opportunities.
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