Project Management Foundations: Risk

Learn how to anticipate, assess, and manage risk to achieve your project’s goals.

Introduction

• Project risk: A battle of resiliency

1. Risk Characteristics and Planning

• Project risk: A product of uncertainty
• Incorporating risk in a complex environment
• Managing risk, ambiguity, and project stakeholders
• Dealing with volatility in a project environment
• The components of a project management risk plan

2. Risk Outcomes: Threats and Opportunities

• Project risk identification methods
• Project threats
• Project opportunities

3. Tailoring Project Uncertainty

• Understanding risk appetite and tolerance
• Determining project risk analysis level
• Budgeting for risk
• Project vs. task risk

4. Strategic Risk Management

• Managing project risk strategically
• Managing unknown unknowns
• Identifying risk triggers
• Uncertainty of requirements and technology

5. Optimizing Risk Responses

• The PM risk standard
• Challenge: Staffing uncertainty
• Solution: Staffing uncertainty
• Challenge: Requirements volatility
• Solution: Requirements volatility
• Challenge: Technology deployment
• Solution: Technology deployment

Conclusion

• Your risk management toolkit