Project Management Training

Managing Project Risk

This 2-day course explores quantitative and qualitative techniques to identify and analyze project risk factors (risk event, event probability, and event impact). A variety of risk response choices are discussed, and risk identification and risk response are practiced in workshop groups. Quantitative techniques are applied to problems but don’t worry, advanced mathematics is not used!

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Intermediate Course

Course Name

Managing Project Risk

Duration and Credits

2 Days / 14 PDUs
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Course Description:

This 2-day course explores quantitative and qualitative techniques to identify and analyze project risk factors (risk event, event probability, and event impact). A variety of risk response choices are discussed, and risk identification and risk response are practiced in workshop groups. Quantitative techniques are applied to problems, but don’t worry, advanced mathematics is not used!

LEARNING OBJECTIVES

Participants will gain practical skills to:

Apply a common framework of project risk management of the Project Management Institute.

Value the importance of including risk management in project planning and execution.

Facilitate team discussions to identify project risks and opportunities, and formulate risk responses.

Describe other techniques such as decision trees, Delphi method, and Monte Carlo simulation, and when they are applicable.

Analyze risks and select response strategies appropriate to priorities and organization risk tolerances.

WHO SHOULD ATTEND

The Managing Project Risk Course is appropriate for individuals who are:

Project Managers

Working on a team and/or projects

Managing a team and/or projects

Interested in improving your Project Management skills and increase your understanding of project risk management processes.

Members of a project team looking to “jump-start” their risk management on a new and risky project.

EARN A CERTIFICATE

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By completing 10 days of Project Management Training at Laurentian University you can earn a Project Management Certificate.

 

By completing the Laurentian University Project Management Certificate you will have acquired enough PDU’s (Professional Development Units) to write your PMP Exam with the Project Management Institute and acquire your PMP accreditation.

 

Learn More

Upcoming Course – Fall 2020 – Online

Fall 2020

 

November 17, 19, 24, 26, 2020

12:00 pm – 3:30 pm

Online

  • Early-Bird Rate$995+HST
  • Register Today!
    • Deadline: October 27, 2020
  • Register
  • Regular Rate$1,095+HST
  • Register Today!
  • Register

Alumni & PMI-NOC Discount

Alumni & PMI-NOC Discounts:

 

The Goodman School of Mines offers a 10% discount to all Laurentian Alumni and PMI-NOC members. This discount can only be applied to the regular rate of the course and NOT the early-bird rate.

 

Please contact us to obtain your discount code.

 

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Staff and Faculty Discounts

Staff and Faculty Discounts:

 

The Goodman School of Mines offers a discount for all Laurentian University Staff and Faculty. Please see the rates below with a link to the registration form.

Staff and Faculty Discounted Rate:

Managing Project Risk – $895 +HST per person

 

Contact Us

Canada Ontario Job Grant

What is COJG Funding?

 

The Canada-Ontario Job Grant (COJG) is an Ontario government funding program that offers training grants to employers. Through the program, companies may receive non-repayable funding from the government to purchase third-party business training programs, including training for in-demand skillsets. Training is expected to improve the employability and value employees can provide; including new hires in these training sessions can also maximize your funding potential.

COJG funding can reduce the cost of training employees by up to 50-83%. This can cover up to $10,000 to $15,000 in training costs per trainee.

Cancellation Policy

Cancellation Policy:

 

1. Cancellation 4 weeks prior to a course is a full refund less a $100 penalty for processing or held on credit (no fee) for another course offering and can be used by anyone in the company/ organization for 1 year.

 

2. Cancellation within 4 weeks of the course – 50% penalty or held on credit (no fee) for another course offering and can be used by anyone in the company/ organization for 1 year.

 

3. Cancellation within 1 week of course – 100% penalty or held on credit (no fee) for another course offering and can be used by anyone in the company/ organization for 1 year.

 

Extenuating circumstances will be reviewed on a case by case basis.

Managing Project Risk

Course Details

WHAT WILL YOU LEARN?

Introduction

  • Risk Factors
  • Workshop – Lessons Learned

 

Risk Management Process

  • Risk Identification
  • Workshop – Stakeholders
  • Risk Classification Systems
  • Workshop – Risk Identification
  • Risk Quantification
  • Risk Tolerance
  • Workshop – Risk Tolerance
  • Risk Response Development
  • Avoidance, Mitigation
  • Transfer, Acceptance
  • Contingency in Budget
  • Contingency in Schedule
  • Contingent Response
  • Workshop – Risk Responses
  • Risk Management Plan

 

Risk Tools

  • Facilitative Tools
  • Video & Discussion – Groupthink
  • Workshop – Affinity Diagram
  • Probability & Statistics
  • Monte Carlo Simulation
  • Software Demonstration (Risk +)
  • Expected Monetary Value
  • Exercise – Payoff Tables
  • Decision Trees
  • Exercise – Decision Trees
  • Critical Path Network
  • Workshop – Candidate Responses

 

Wrap Up

  • Course wrap Up
  • Exercise – Project Environments
  • Class Evaluations

PREREQUISITE

It is recommended that participants take a project management fundamentals course (such as our 3-day Project Management Essentials) before taking this course.

COURSE MATERIALS

You will receive a course binder containing copies of presentation slides, case studies, exercises and suggested solutions.

You will earn two days towards the Laurentian University Project Management Certificate. You will only need to complete the Project Management Essentials course and 8 more days of Project Management Training to obtain your certificate.

You will earn a certificate of completion and 14 PDU’s.

COURSE INSTRUCTOR

Fall 2020 – Online:

Managing Project Risk

DaryaDuma_Course

Darya Duma,

BESc, PEng, PMP, PSP, MCP

Procepttransparent

Procept is the service provider for all of our Project Management courses at Laurentian University.

 

Procept Website

QUESTIONS?

Please contact us if you have any questions.

COURSE SELECTION

View our upcoming Project Management courses.