Introduction

• Risk Definition
• Risk Categories
• Risk management
• Risk management process
• Group Exercise 1: Describe the attributes of risks

Risk Management Planning

• Risk Planning Process
• Risk Management Strategy
• Risk Management Organization
• Risk Management Roles and Responsibilities
• Risk Reduction Schedule
• Risk Management Plan
• Group Exercise 2: Develop Risk Management Plan

Risk Identification 1

• Brainstorming
• Delphi technique
• Interviews
• SWOT
• Checklist Analysis
• Assumptions Analysis
• Influence Diagrams
• Group Exercise 3: Identify the risks of your project using above tools

Risk Identification 2

• Product-oriented Approach
• Process-oriented Approach
• Project Documentation Review
• Project Scope Analysis
• Project Cost Analysis
• Project Schedule Analysis
• Lessons-Learned Studies
• Group Exercise 4: Identify the risks of your project using above tools

Qualitative Risk Analysis

• Risk Probability and Impact Assessment
• Probability and Impact Matrix
• Risk Data Quality Assessment
• Risk Categorization
• Risk Urgency Assessment
• Group Exercise 5: Perform

Qualitative Risk Analysis Quantitative Risk Analysis & Prioritization

• Probability distributions
• Sensitivity analysis – tornado diagram
• Expected monetary value analysis
• Decision Tree Analysis
• Monte Carlo Simulation
• Risk Prioritization – Risk Index
• Risk Prioritization – FMEA
• Group Exercise 6: Perform Quantitative Risk Analysis

Risk Response Planning

• Risk Handling Strategy
• Risk Transference
• Risk Avoidance
• Risk Mitigation
• Risk Acceptance
• Contingency and Reserve
• Risk Response Plan
• Group Exercise 7: Develop Risk Response Plan

Risk Monitoring and Control • Earned Value Management (EVM)

• Technical Performance Measurement (TPM)
• Integrated Planning and Scheduling
• Watch List • Reports
• Management Indicator System
• Risk Control
• Group Exercise 8: Develop Risk Monitoring and Control Plan