Course information

Managing Project Risks Masterclass Outline

Module 1: Why Project Risk Management?

  • Doomed Project
  • Risk
  • Opportunities and Risks
  • Benefits of Project Risk Management
  • Costs of Project Risk Management
  • Project Risk Management Process

Module 2: Planning for Risk Management

  • Project Selection
  • Overall Project Planning Processes
  • Defining Risk Management for the Project
  • Risk Management Infrastructure for the Organization
  • PERIL Database

Module 3: Identifying Project Scope Risk

  • Sources of Scope Risk
  • Defining Deliverables
  • High-Level Risk Assessment Tools
  • Setting Limits
  • Work Breakdown Structure
  • Other Scope-Related Risks
  • Documenting the Risks

Module 4: Identifying Project Resource Risk

  • Sources of Resource Risk
  • Resource Planning
  • Staff Acquisition
  • Out Sourcing
  • Cost Estimates and Budgets

Module 5: Managing Project Constraints and Documenting Risks

  • Analyzing Constraints
  • Managing Opportunities
  • Scope Modification
  • Resource Modification
  • Schedule Modification
  • Assessing Options and Updating Plans
  • Seeking Missing Risks
  • Creating a Risk Register

Module 6: Managing Activity Risks

  • Categories of Risk
  • Risk Response Planning
  • Dealing with Risk Causes and Effects
  • Implementing Preventative Ideas
  • Documenting Your Risk Plans and Risk Owners

Module 7: Quantifying and Analyzing Project Risk

  • Project Level Risk
  • Aggregating Risk Responses
  • Project Modelling and Simulations
  • Integrated Schedule/Cost Assessment
  • System Analysis
  • Critical Chain Considerations
  • Questionnaires and Surveys
  • Analysis of Scale
  • Project Appraisal
  • Scenario Analysis
  • Project Metrics
  • Financial Metrics

Module 8: Managing Project Risk

  • Project Documentation Requirements
  • Project Start-Up
  • Selecting and Implementing Project Metrics
  • Establishing Reserves and Managing for Contingency
  • Project Baseline Negotiation
  • Project Plan Validation
  • Specification Change Control

Module 9: Closing Projects

  • Project Closure
  • Project Retrospective Analysis

Module 10: Program, Portfolio, and Enterprise Risk Management

  • Program Risk Management
  • Portfolio Risk Management
  • Enterprise Risk Management

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Who should attend this Managing Project Risks Masterclass?

The Managing Project Risks Masterclass in Seattle focuses on equipping attendees with advanced techniques, strategies, and tools for identifying, assessing, mitigating, and monitoring risks in project environments. This course can be beneficial for a wide range of professionals, including:

  • Project Managers
  • Project Team Members
  • Risk Managers
  • Program Managers
  • Portfolio Managers
  • Business Analysts
  • Project Stakeholders
  • Project Control Officers

Prerequisites of the Managing Project Risks Masterclass

There are no formal prerequisites for attending this Managing Project Risks Masterclass.

Managing Project Risks Masterclass Overview

This Managing Project Risks Masterclass Course in Seattle delves into the various aspects of Risk Management, including the phases of planning for it, identifying project scope risks, project resource risks, management of activity risks, and more. With ever-increasing complexities in project environments, mastery of risk management is paramount for success.

 Proficiency in Managing Project Risks is indispensable for a diverse array of professionals in Seattle. Project Managers, Team Leaders, and those aspiring to lead projects effectively must aim to master this subject. The ability to foresee, assess, and mitigate risks enhances project outcomes, ensuring timely delivery, cost-efficiency, and client satisfaction. Thus, professionals in various industries should prioritize honing their skills in this domain.

This intensive 1-day training by The Knowledge Academy in Seattle equips delegates with practical tools and knowledge to effectively identify, evaluate, and mitigate risks within project scenarios. Through real-world case studies, interactive discussions, and expert guidance, delegates will gain a profound understanding of core risk management principles. They will learn to develop proactive risk strategies, strengthening their ability to meet project objectives and handle challenges seamlessly.

 Course Objectives

  • To develop a comprehensive understanding of project risk management fundamentals
  • To learn to identify and classify risks in various project phases
  • To acquire skills in risk assessment and prioritization
  • To master effective risk response strategies and contingency planning
  • To utilize industry best practices and tools for risk management
  • To gain insights into communication and reporting for risk mitigation
  • To enhance stakeholder engagement and transparency in risk management
  • To apply learned concepts through practical exercises and case studies

After completing this Managing Project Risks Masterclass in Seattle, delegates will be equipped with valuable skills and knowledge to tackle risks effectively in their projects. They will become more proficient Project Managers, capable of reducing uncertainties, ensuring project success, and enhancing their career prospects.

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What’s included in this Managing Project Risks Masterclass?

  • World-Class Training Sessions from Experienced Instructors
  • Managing Project Risks Certificate
  • Digital Delegate Pack

Why choose us

Our Seattle venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Seattle is a West Coast city in America. Seattle has around 667,000 residents and is the largest city in the state of Washington and in the Pacific Northwest region of North America. The metropolitan area of Seattle has around 3.6 million residents. Seattle had a notable music scene between the 20’s and 50’s producing early careers for Ray Charles and Quincy Jones. Seattle is home to the University of Washington which was established in 1861. The University of Washington is a public research university and features one of the most notable medical schools in the world. The University of Washington has around 45,000 students and offers 140 departments with studies in courses such as; Arts and Science, Dentistry, Education, Engineering, Law, Medicine, Nursing, Pharmacy and Public Health. The University has a large sports department, and offers scholarships and opportunities in sports such as; Football, Soccer, Basketball, Softball and Rowing which is a long standing traditional at the University. The University of Washington Educational Outreach is another institute located in Seattle. The University was established in 1912. The University offers various different programs, classes and workshops in studies such as communication, English, Humanities, Social Sciences, Health Informatics and Health Information Management. Seattle is also the home to a number of smaller universities including Seattle University is a catholic university in Seattle that was established in 1891. Seattle University has over 7,500 students and offers courses in Business & Economics, Arts & Sciences, Humanities, Teaching, Nursing, Engineering, Theology and Law. Seattle Pacific University is another University situated in Seattle. This University was established in 1913 and is a Christian University. The Seattle Pacific University has around 4,000 students in attendance. The University offers courses in Fine Arts, Humanities, Science, Engineering, Social & Behavioural Sciences, Business, Education, Health, Psychology and Theology. Some notable alumni attended Seattle Pacific University like David T. Wong who was the co-inventor of Prozac and Dan Price who is the CEO of Gravity Payments. 

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Address

Silver Cloud Inn Lake Union
1150 Fairview Ave North
Seattle
Washington
98109

T: +1 7204454674

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Managing Project Risks Masterclass | Project Management Courses in Seattle. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Managing Project Risks Masterclass | Project Management Courses in Seattle, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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The training fees for certification in Seattle starts from $1295
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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

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