Risk Management
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  • Use a practical, eight-step process to manage project risk
  • Identify threats and opportunities and weigh their relative value in your project
  • Control multiple risks using concise strategies
  • Overcome psychological barriers to risk in stakeholders and team members
  • Make risk and opportunity integral components of your next project plan
Course Credits
Field of Study
Management Advisory Services
Ace Recommendations
Undergraduate 2 credit hours
Course CPE
27
Course PDUs
22.5
Course CEUs
2.2

** Important: Credits may vary by delivery method.

Project management is opportunity management. It is the ability to seize opportunities, minimize threats and achieve optimum results. Too often, risk management is seen as reactive, or worse, unresponsive. Nothing could be further from the truth. In this Risk Management course, you’ll work through the proactive approach to threat and opportunity—based on a clear understanding of the powerful nature of both qualitative and quantitative approaches to risk management.

Risk Management examines threat and opportunity from both a top-down and bottom-up perspective using ESI’s proven eight-step risk management process. Using effective tools, including ESI’s highly regarded risk assessment model, you’ll learn how to evaluate and respond to risk at the project and task levels.

Included in the course is a multi-part case study that takes you from a risk overview at the beginning of a project through the challenges of ongoing assessment and reassessment of threats and opportunities throughout the project. The course materials also include comprehensive reference materials specific to each unit of the course.

You’ll end the course with new practices to apply in your environment and new insights on the implications and advantages of applying risk management well.

Reminder: Participants taking this course should not take IT Risk Management.

  • Introduction to Risk
    • Definition and characteristics of "risk"
    • Elements and factors of risk
      • Event (future occurrence)
      • Probability (uncertainty)
      • Impact (amount at stake)
    • Types of risk
    • Components of risk management
      • Identification
      • Quantification
      • Response development
      • Response control
  • Risk Management Planning and Identifying Risks
    • Risk management planning
    • Risk identification
    • Idea generation tools and techniques
  • Analysis Fundamentals
    • Probability and impact
    • Presenting risk
      • Descriptive
      • Qualitative
      • Quantitative
    • Probability analysis
  • Analyzing and Prioritizing Risk
    • Determining risk tolerances
    • Analyzing risks
    • Impast analysis
    • Risk-based financial tools and techniques
    • Expected-value analysis
    • Decision trees
    • Prioritizing risks
  • Risk Response Planning
    • Risk response strategies for opportunities and threats
    • Risk acceptance
    • Risk avoidance
    • Risk mitigation
      • Probability minimization
      • Impact minimization
    • Transference
    • Establishing reserves
  • Execution, Evaluation and Update
    • Risk Response monitoring and control
    • Execute risk strategies
    • Contingency plans and workarounds
    • Risk evaluation
    • Reassessing risk
    • Risk documentation


“I would highly recommend ESI. This was another example of the high quality class I have come to expect from ESI. Material was well organized. Good exercises to validate understanding. I can immediately incorporate these tools and techniques into my project management.”


N. Hays, Project Manager

ADP

“Excellent courses, materials and instructors. The information provided in ESI training is extremely important to my organization's success. The instructor's background and real-world experience adds a significant value to this course.”

Billy Brunner

NAVSEA

“This is a very informative course that will make an immediate impact in my daily role as a project manager. The instructor was very professional and material presented was well explained.”

Steve Anderson, Senior Project Manager

Vector Security

"This course provides essential concepts and tools to enhance project management skills and will help to identify when problems can arise and how to deal with them effectively."

Sonya Heinz White, Project Manager
Tower Hill Insurance Group Inc.

"I have already recommended the course to my co-workers. It is extremely useful in the kind of environent we work that involves estimates, cost, budgets, risks etc."

Mohammed Ullah, Mainframe Systems Engineer
JP Morgan Chase

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