Risk Management for Project Managers—Online

Learn to Apply and Understand Project Risk Management

This world-class online course will provide attendees with the Tricks of the Trade® from around the world for understanding and applying risk management. Risk management helps senior managers, project managers, team members and stakeholders be more proactive, prevent project problems instead of just dealing with them, and eliminate up to 90% of the things that can go wrong on projects.

This course is ideal for people who need advanced project management training or who already have an understanding of risk management and wish to focus on the Tricks of the Trade® and common errors. It is also an excellent way to earn PDUs toward retaining a PMP® certification, or earn Contact Hours toward the new PMI-RMP® designation.

Read More

The course includes the following instructional design features:

  • 7 comprehensive lessons, using your project as the Case Study.
  • Over 30 interactive Risk Management exercises.
  • An online notebook for collecting Tricks of the Trade®.
  • End-of-lesson quizzes.
  • 100+ audio clips.
  • 14 Contact Hours or PDUs.

At the end of this course you will be able to:

  1. Apply the risk management process.
  2. Improve your ability to identify risks for your real world projects.
  3. Identify gaps in your knowledge that may hurt you and your projects.
  4. Identify errors others are making so that you can avoid them.
  5. Apply many new Tricks of the Trade® to your projects.
  6. Be a better project manager.

The course is organized into the following sections:

  • Risk Management Overview
    • Helicopter Story
    • Inputs to Risk Management
    • The Risk Management Process: An Overview
    • Risk Terms
    • Plan Risk Management
    • Identify Risks
    • Perform Qualitative Risk Analysis
    • Perform Quantitative Risk Analysis
    • Plan Risk Responses
    • Monitor and Control Risks
  • Identifying Risks
    • Objectives of the Identify Risks Process
    • Before You Can Identify Risks
    • Properly Name Risks
    • What Is a Well-Defined Risk?
    • Cause-Risk-Effect Format
    • Risks vs. Facts
    • Common Categories of Risks
    • Methods to Identify Risks
    • Tricks of the Trade® for Brainstorming Sessions
    • Affinity Diagrams
    • Expert Interviews
    • Risk Triggers
    • Risk Register
    • Output of the Identify Risks Process
  • Performing Qualitative Risk Analysis
    • Objectives of the Perform Qualitative Risk Analysis Process
    • Assumptions Testing
    • Data Quality Assessment
    • Probability and Impact Scales
    • Confusing Terms
    • Determine Risk Ranking Between Projects
    • Go/No-Go Decision
    • Document the Results
    • Show Risky Activities on the Network Diagram
    • Output of the Perform Qualitative Risk Analysis Process
  • Performing Quantitative Risk Analysis
    • Objectives of the Perform Quantitative Risk Analysis
    • To Quantitatively Assess Risks
    • Expected Monetary Value of Risks
    • Document the Non-Top Risks
    • Expected Monetary Value of the Project
    • Optimistic/Pessimistic Chart
    • Monte Carlo Advantages and Disadvantages
    • Output of the Perform Quantitative Risk Analysis Process
  • Planning Risk Responses
    • Objectives of the Plan Risk Responses Process
    • Risks Outside of Your Control
    • Four Levels of Risk Response
    • Response Strategies for Threats
    • Response Strategies for Opportunities
    • The Threat
    • The Opportunities
    • Plan Risk Responses Forms
    • Risk Triggers
    • Unrealistic Schedules
    • Unrealistic Budgets
    • Contingency Planning
    • Fallback Planning
    • Secondary Risks
    • Create Reserves
    • Document Risk Responses in the Risk Register
    • Proving the Value of Risk Management and Getting Reserves Accepted
    • Go/No-Go Decision
    • Contracts
    • Outputs of the Plan Risk Responses Process
  • Monitoring and Controlling Risk
    • Objectives of the Monitor and Control Risks Process
    • Activities in the Monitor and Control Risks Process
    • Create Workarounds
    • Is It an Issue or a Risk?
    • Control the Project Risk by Measuring
    • Managing the Reserves
    • Risk Audit
    • Risk Review
    • Project Warning Signs
    • Integrated Change Control
    • Reestimating the Project
    • Communicate Risks
    • Accumulate Information About Project Risks
    • Risk Reserve Report
    • Outputs of the Monitor and Control Risks Process
  • The Plan Risk Management Process
    • Objectives of the Plan Risk Management Process
    • Who Is Involved?
    • Create a Chart of Responsibilities
    • A Risk Management Plan
    • Steps of the Plan Risk Management Process
    • Output of the Plan Risk Management Process
The Risk Management Process Overview

The Risk Management
Process Overview

Performing Qualitative Risk Analysis

Performing Qualitative
Risk Analysis

Planning Responses to Risks

Planning Responses
to Risks

FREE SAMPLE LESSON: Try this e-Learning course now.

Launch FREE Sample Lesson

E-learning courses are designed to be used on a desktop browser with:

  • Adobe Flash® player 8 or later.
  • Javascript and Cookies enabled.
  • Pop-ups allowed.
  • Broadband connection (recommended 512 kbps or higher).
  • Intel® Pentium® II 450MHz, AMD Athlon™ 600MHz or faster processor (or equivalent).
  • MS Windows XP or later, Mac OS 10+.
  • Video adapter and monitor with Super VGA.
  • 1024 x 768 or higher screen resolution.

FOR MOBILE AND TABLET USERS: Our courses may play on some mobile and tablet devices, however, the course(s) interactions, exercises and media may not work as intended on these mobile devices. RMC recommends that you review the sample lesson for the course you intend to purchase prior to registering, to verify compatibility with your environment.

FOR WORK ENVIRONMENTS: Our streaming media uses Protocol RTMP on ports 1935, 443 and 80. If you are having trouble using our courses through a firewall at work, please let your System Administrator know these ports must be enabled for streaming media.

TECHNOLOGY UPDATE: Please note that RMC is in the process of updating all e-learning courses from an Adobe Flash platform to an HTML5 platform. Courses that have already been converted will have a technical specification that differs from the one above.

Register for this Course

Price: $399
PDUs: 14
Duration: 30 Days
More Information

Related Classes

•  Common Risk Errors

•  Managing Quality

•  Project Estimating