Managing Project Risk
This 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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Some Experience Necessary
Intermediate Course
Course Name
Managing Project Risk
Duration and Credits
2 Half-Days / 14 PDUs
Course Description:
This 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!
Authorized Training Partner
Procept is the service provider for all of our Project Management courses at Laurentian University.
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
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. There are also 4 different certificate bundles available that you can choose from.
Upcoming Online Course
Fall 2022
October 17-18, 2022
8:30 AM – 12:00 PM EDT
ONLINE
- Early-Bird Rate$595+HST
- Register Today!
- Sales end on Sep 17, 2022
- Regular Rate$695+HST
- Register Today!
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.
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.
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.
Windmill Microloans for Skilled Immigrants
Affordable Loans for Skilled Immigrants
Achieve career success in Canada with Windmill Microloans. Receive up to $15,000 to cover costs related to achieving career goals (education and training programs, exam fees, course supplies, and more). Low-income applicants are welcome and no Canadian credit history is required. To be eligible for a Windmill loan, you must be internationally trained with status as a Permanent Resident, Provincial Nominee, Canadian Citizen, Protected Person, or Convention Refugee.
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.
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.
