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Description:

Course overview

Learn to continuously assess IT risk factors and implement effective strategies to address them. Discover a proven method for risk management that you can use throughout your project. Use a comprehensive approach to establish a risk program and prepare a sound risk management plan. Develop techniques to identify risks and gain knowledge of tools to analyze them and determine their impacts. Determine risk prioritization and mitigation strategies. Implement methods to track, control, and communicate risks throughout the IT project life cycle.


Prerequisites

  • A comprehensive introductory IT project management course such as Managing IT Projects (HE541S)

Audience

  • This course is intended for project managers involved in IT, software development, and communications projects. It is especially suited for people seeking project management certification

Benefits to you

  • Identify project risks common to IT projects
  • Learn the key processes in risk analysis
  • Choose appropriate and effective risk communication
  • Practice proven techniques for risk control
  • Implement continuous risk management

Course outline

Overview

  • Pinpoint IT risk threats and opportunities
  • Identify and use the risk processes
  • Relate risk to the Capability Maturity Model (CMM®)

Risk Identification

  • Determine the inputs to risk identification
  • Use a variety of risk identification tools and techniques
  • Create a clear and accurate risk statement

Risk Analysis

  • Determine risk tolerances of key stakeholders
  • Evaluate risk attributes
  • Use expected monetary value and decision tree analysis

Risk Planning

  • Assign risk ownership for each risk
  • Identify the response strategy and implement it into the plan
  • Identify secondary and residual risks

Risk Tracking

  • Determine necessary data to track risks
  • Use earned value data in risk tracking
  • Identify data tracking methods

Risk Control

  • Determine trends, deviations, and anomalies
  • Update the work plan to reflect risk status
  • Determine when and how to close a risk

Risk Communication

  • Identify barriers to risk communication
  • Select the appropriate type of communication
  • Promote communication enablers

Implementing Continuous Risk Management

  • Assess your organizational culture for risk management
  • Determine critical factors for success
  • Apply Continuous Risk Management (CRM) in the organization

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