Strategic Project Risk Management

Course details

One of the most effective ways to ensure project success is through smarter risk management. In this course, PMI Fellow Prasad Kodukula provides a step-by-step framework to master the four most common types of project risk. Learn about the evolution of risk management and be able to determine where your organization is on the evolutionary scale. Find out how to differentiate project, program, and portfolio risks and apply the right tools for the job. Explore the four key types of project risk and how to apply the right tools, depending on risk type. Discover practical methods and tools for managing various risk types, identifying and analyzing risk events, and prioritizing risks by overall severity or importance. Learn how to prepare a risk register and develop management methods to address portfolio and program risks. Plus, dive into new and evolving tools--including AI tools—to manage project risk.

Concepts

0. Introduction

01 - Lead projects to success with strategic risk management

1. Evolution of Project Risk Management

02 - How project risk management has evolved
03 - How project, program, and portfolio risks differ

2. A Comprehensive Strategy to Manage Project Risks

04 - Four types of project risks
05 - Risk debt - The good, the bad, and the ugly
06 - A holistic strategic approach to managing risks
07 - Risk management roadmap

3. Managing Different Types of Risks

08 - Variability risk
09 - Event risk
10 - Ambiguity risk
11 - Emergent risk

4. Managing Event Risk

12 - Creating a risk register
13 - Risk identification
14 - Qualitative analysis
15 - Quantitative analysis
16 - Risk prioritization
17 - Risk treatment strategies

5. Advanced Risk Management

18 - Managing program risks
19 - Managing portfolio risks
20 - Quantitative methods
21 - AI in project risk management
22 - Evolving risk management tools

Conclusion

23 - Key reminders for successful risk management