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Common Risk Management Mistakes

Risk management is a key component for increasing project success rates, but even experienced Project Managers can stumble with this concept. This course will provide a refresher on basic Risk Management processes and highlight the most common mistakes made in managing risk. There are many sources of project risk and many areas within projects which are affected by the quality of risk management activities. Learning the most common mistakes can help avoid them and improve project performance.

How You Will Benefit

Students completing this course will learn the most commonly made risk management mistakes. Knowledge of these mistakes helps PMs to manage risks within their projects. Additionally, we will provide a high-level review of the core A Guide to the Project Management Body of Knowledge (PMBOK® Guide) concepts which make up the Risk Management process.

What You Will Learn

In this course you will learn concepts for managing project risk including:

  • Understanding the basic risk management processes according to the PMBOK® Guide.
  • Identifying the most common mistakes made when managing risk in projects
  • Adopting a proactive approach to identifying risk and using enhanced risk management
  • Maximizing the effects of potential opportunities and minimizing or eliminating threats to project objectives

Who Should Attend

This course is intended for students who are involved in risk management activities as members of a project team or project management team.

Format

Video on Demand
Video-On-Demand: Includes 6-months digital access to all training materials.

Duration / PDU Value

This course has been approved by PMI for 1 PDU.

Outline

Introduction

  • Learning Objectives and Agenda

Basic Risk Management Process Steps

  • Overview - Risk Management
  • Prepare a Risk Management Plan
  • Identify and Analyze Project Risk
  • Plan and Implement Risk Responses
  • Monitor Risks

Common Risk Management Mistakes

  • Missed Considerations - Opportunities and Threats
  • Commonly Confused Risk Terminology
  • Improper Use of Risk Tools and Techniques
  • Information Communication

Conclusion

Common Risk Management Mistakes
Video On Demand
Video on Demand
1 PDU hour
$49 USD
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$49 USD
PMI Registered Education Provider
R.E.P. number 3348
Endorsed IIBA Certification Training Provider
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