Risk Management Essentials

Master Project Risk Management

Improve your Project Risk Management Skill Set through this one-of-a-kind how-to approach!

4x3 Onsite Targeted Training Course (4 Students for 3 Days)

From: Richard Frederick, PMP, MCP
Saturday 12:59 PM

Dear Friend,

Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary.

Corporations are fighting to survive in these lean economic times.

According to industry research, 60-80% of project failures can be attributed directly to poor management.

Poor risk management is a huge obstacle in the way of a successful project.

To avoid this, the project manager must first determine how the client or the project sponsor defines risk--and then follow suit.

The purpose of risk management is to first understand the expectations of the client in terms of risk, and then put a proactive plan and process in place to meet or exceed those expectations.

It is no surprise then, that demand is at an all time high for qualified PROJECT MANAGERS who can truly and proactively identify risks and manage them BEFORE they become issues.

In this course, you will:

Learn how to develop or improve the risk management programs at your workplace.

Learn and apply project risk management best practices and leave with a PMBOK-complaint methodology for applying risk management to your own projects.

Use a Risk Management Plan to document and structure a thoughtful approach to project risk management.

Gain insight into applying risk planning, risk identification, risk qualification, risk quantification, risk response and risk control to real-world projects.

Ensure project success by identifying and handling risks.

Learn how to avoid unnecessary costs and schedule delays and how to keep your team members focused on critical-path activities.

Through hands-on exercises, you'll identify common risks, threats, and opportunities and turn them into manageable possibilities.

Learn to capitalize on opportunities that can accelerate your project.

Master the building blocks of successful risk management: identify, qualify, quantify, strategize, and control.

This course offers the skills you need to be a proactive risk manager; one who plans for contingencies and confidently manages unexpected events that occur throughout the project life cycle.


Who Should Attend?


Anyone wanting to enhance their strategic planning skills including:

* Application Support Analysts
* Business Analysts
* Business Consultants
* Business Customers, Users or Partners
* Business Intelligence
* Business Systems Analysts
* Developers
* IT Business Analysts
* IT Project Managers
* Leader of Systems Projects or Teams
* Management Consultants
* Portfolio Managers
* Programmer Analysts
* Project Analysts
* Project Consultants
* Project Leaders
* Program Managers
* Project Managers
* Quality Assurance Professionals
* Quality Assurance Specialists
* Quality Control Analysts
* Requirements Analysts
* Requirements Engineers
* Senior Business Consultants
* Senior Project Managers
* Senior Technical Business Analysts
* Systems Analysts
* Systems Architects or Designers
* Systems or Application Developers
* Software Engineers
* Systems Testers
* Team Leaders
* Testers


Download Course Contents PDF...

Click here to Download the Course Contents Section PDF File.

* Your name and email address will not be sold, shared or disclosed to anyone. We promise to respect your privacy *

Course Overview:

  • Section 1: Introduction to Risk Management - Risk management is a project variable that is primarily concerned with identifying and measuring the risks associated with a project. Project risks are unplanned events that can positively or negatively affect project objectives.
  • Section 2: About Project Initiation - The initiation processes determine the nature and scope of the project. If this stage is not performed well, it is unlikely that the project will be successful in meeting the business need. The key project controls needed here are an understanding of the business environment and making sure that all necessary controls are incorporated into the project. Any deficiencies should be reported and a recommendation should be made to fix them.
  • Section 3: About Risk Planning - A risk is an uncertain event or condition that has the potential to have a positive or negative impact on the success of a project. Every project has risks associated with it, from the time the project begins until the time it ends. Project risks can affect such aspects as scope, time, cost, and quality. Risk management involves identifying potential risks and mitigating them to avoid or minimize adverse effects. It also involves developing contingency plans to deal with these risks. In addition, the process helps to focus on the positive results or opportunities generated by risks. Risk management is not a separate project activity assigned to the risk management department but is an inherent project management task. Risk management is also a proactive, rather than reactive, task.
Richard, simply put, is an expert in communicating business skills and wisdom. His class was designed to identify and mitigate risk in projects, but the real value was on understanding and speaking to the concerns of senior management in terms that executives recognize and respond to. He brings real-world experience, broad knowledge, and a passion for helping people gain the insight and skills to be successful. I highly recommend him as valuable resource to anyone looking to uplevel their business acumen and opportunities

Phil Starke, Senior Manager http://www.linkedin.com/in/philstarke


  • Section 4: About Risk Identification - After risk planning, risk identification is the next and most crucial step in risk management. Risk identification involves recognizing and listing the threats or problems and the opportunities that might affect project objectives. The risks and their characteristics are then documented to begin the overall risk management plan. Risk identification is an iterative process, which can be completed by the project manager, the project team, a risk management team, and even technical experts. You start the process after getting the commitment for the project from the project team and all stakeholders. In the process, you need to identify both threats and opportunities arising from the risks. Risk identification determines project success or failure. If you do not clearly identify risks and document them, it can be difficult to resolve them. In addition, you need to understand the cause and effect of each risk to develop effective strategies to manage it.
  • Section 5: About Risk Qualification - Qualitative risk analysis prioritizes project risks based on their probability of occurrence, their corresponding impact on project objectives, and other factors. This analysis is typically rapid and cost-effective. It is revisited throughout the life cycle of a project and helps in developing a risk response plan. It also creates a foundation for quantitative risk analysis, if it is required.
  • Section 6: About Risk Quantification - After qualitative risk analysis, you perform quantitative risk analysis on those risks deemed to potentially and substantially affect the project demand. Quantitative risk analysis is a more in-depth analysis of risks that employs several mathematical or statistical tools to assign a numerical rating to each risk. These techniques model a particular risk situation based on probability distribution, which can be continuous or discrete.
Richard conducted at three day course on Project Risk Management at VMware in March 2010. The class was very well run and Richard brought many personal experiences and stories to liven up what many regard as "dry" course material. My key take way from his class was how to better communicate and manage "up" to project sponsors in different phases of a project.

Robert Novak, Senior Engineer http://www.linkedin.com/pub/robert-novak/1/8b1/1


  • Section 7: About Risk Strategies - Risk response planning focuses on defining actions to take if a risk is encountered. The goal is to enhance opportunities and reduce threats to a project?s objectives. This process identifies and assigns risks to individuals or groups (called the risk response owners), who agree to take responsibility for each agreed risk response. The more effective your risk response strategy, the more successful your project will be, with a decreased overall project risk.
  • Section 8: About Risk Control - Risk responses, detailed in the project management plan, are executed throughout a project?s life cycle. Project work is monitored continuously for new or changing risks. This process involves using techniques, such as variance analysis and trend analysis, that require performance data generated during project execution. The process requires participation from the project manager, the project team, key stakeholders, and risk owners within the project.
  • Section 9: About Project Closure - Closing includes the formal acceptance of the project and the ending thereof. Administrative activities include the archiving of the files and documenting lessons learned.

Summary of Benefits:

Specifically, you will learn to...

* Conduct an effective risk identification workshop
* Identify and apply appropriate risk management tools
* Develop risk mitigation approaches that improve the potential for project success
* Implement effective risk response control methods to stay ahead of potential risk events
* Increase team commitment to implementing the project's risk plan
* Contribute to the organization's project history by developing and disseminating effective lessons-learned documentation
* Identify the three components of risk
* Describe the risk management process
* Identify factors that affect individual and organizational perceptions of risk
* Describe the difference between risk and opportunity
* Describe what to include in the risk management plan
* Identify appropriate sources of information in generating a list of project risks
* Describe the value of various project documents in the risk management process
* Use these documents to create a more effective risk management plan for the project
* Define the risk identification process
* Identify the various tools and techniques used for developing a list of project risks
* Apply the various risk identification tools appropriately
* Develop a comprehensive list of project risks and project opportunities
* Describe the characteristics of a qualitative approach and a quantitative approach
* Define the process for analyzing the probability and impact of risk events for your project
* Develop an appropriate qualitative or quantitative risk analysis approach for your project
* Select appropriate risk analysis methods for your projects risk events
* Apply appropriate risk prioritization methods for your project
* Define the process of risk response development
* Use the elements of the project plan to select appropriate risk response strategies
* Describe the principal risk response strategies and provide appropriate examples of each
* Develop an effective risk management approach for your projects
* Identify which project planning documents need to be amended to reflect the risk management strategies
* Identify the various tools for monitoring and controlling risks on a project
* Identify appropriate metrics that will aid in monitoring risks on a project
* Use various tools to identify the impacts of risk and to spot potential risk events
* Develop an effective method for updating the project plan using risk management data


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About Onsite Targeted Training:

Onsite targeted training refers to instruction at a learning environment located on your premises or a facility of your choice.


If you are responsible for choosing training for your organization, you know how difficult it is to find a training provider who is an expert you can rely on, is easy to work with, will work within your training budget - and can deliver exactly what theyve promised.

Thats where we come in. Not only will we provide you with world-class training thats earned us the enviable reputation as one of Americas leading training companies, we make it incredibly convenient!

With Onsite Targeted Training, you choose the time and the place, and we will be there with a skill-building training program tailored to your organizations unique needs.

Key Benefits Include:

* Onsite Targeted Training delivers a great Return on Investment (ROI):

Onsite targeted training is the perfect choice for companies that need to train groups of employees - from 4 to 400 or more. You get a maximum number of employees trained in new skills in a minimal amount of time. They receive the same message at the same time, creating synergy to the learning experience that gets everyone on the same page.

* Onsite Targeted Training addresses your unique skill-building challenges:

All our programs are tailored to your specific needs by evaluating your organizations skills and practices, and making recommendations for improvement. You choose a core topic from the literally hundreds we have to offer, and we work with you to tailor the training to solve the business challenges youre facing and cover the exact issues you want. We can even design a new course specifically for your organization.

* Onsite Targeted Training increases morale and loyalty, and lowers absenteeism:

Onsite training not only improves your employees skills, it inspires them to pull together as a team and creates a greater sense of job satisfaction. It lets them know you are investing in their future and as a result your organization realizes higher morale, lower absenteeism, and greater company loyalty from your team members.

* Onsite Targeted Training provides flexibility in location, format, and scheduling:

Onsite training can be held anywhere: your headquarters, a branch office, a nearby conference center or hotel, or even at your company retreat or conference. You also have options in format: half-day sessions, full day, two-day programs or ongoing modules. Finally, you have flexibility in scheduling. Training can be delivered any day of the week, nights, weekends and even holidays. Whatever makes it the most convenient and cost effective for your organization.

* Onsite Targeted Training maximizes your effectiveness through customization:

Training designed specifically for your organization and customized to cover industry-specific knowledge.

* Onsite Targeted Training improves with Executive Overview:

The instructor can meet with your management team to provide an overview of the course materials and the content of training sessions. This will ensure consistency in your organizations education and training strategy.


Step 1: Contact Us with any pre-class training questions you might have.
Step 2: When you are ready to Purchase the Class, click on the PayPal button below.
Step 3: You will be redirected through our order tracking system (PayDotCom) to PayPal.
Step 4: Once you have completed your PayPal transaction, you will be redirected to our Course Scheduling page where you can download the class contents.
Step 5: We will contact you about Course Setup Dates and other logistics (such as travel, if needed).
Step 6: We will setup and execute our proprietary Targeted Training Assessment.
Step 7: We will deliver the Onsite Targeted Training course.
Step 8: After you complete the class and the course evaluation, everyone will receive a Course Completion Certificate.


We make the training process easy (EZ) for you.

All of our training programs can be tailored to your specific needs by evaluating your organizations skills and practices, and making recommendations for improvement.

We will work with you in pulling together organizational information that will allow us to tailor content to your specific industry, needs and audience.

You trainer will also speak with you directly to gain additional feedback and further personalize the material.

In short, you can expect:

* Cost-Effective and Convenient Training Delivery
* No cost or lost time for travel and lodging
* Courses delivered at the location and time of your choice
* Minimal disruption in workflow during employee training
* Training completed in a short amount of time
* Content can be customized to address the specific challenges faced by your employees
* Employees will use the same terminology, which will foster collaboration
* Questions about daily challenges are discussed and dealt with as a team
* Standardized training can be provided at all company locations in the United States and worldwide
* A well-defined curriculum development process
* An experienced development staff and trainer
* Continual feedback and curriculum prototyping to stay on track
* Well managed project timelines and on time delivery
* Guaranteed results.

We Guarantee Customer Satisfaction.

Because we guarantee customer satisfaction, our approach is to assure you are comfortable BEFORE you invest your time in the class. Once you have decided to purchase our product, we will contact you directly to explain how the system works and if you are still interested, we will schedule with you to take the course.

Practical Pricing Information

We recognize how competitive the training world is and that in order to win your business we must provide tremendous value for the money you spend with us.

First, we believe our training materials and approach are world-class and exceed those of our rivals.

Second, our starting price of $5997.00 covering 4 Students for a 3 Day class presented with this level of professional training is extremely competitive.

Finally, for organizations wishing to train more than 4 students, we offer generous quantity based, early payment discounts.


Look at it this way -- $5997.00 is really a painless drop in the bucket to be able to get your hands on ..The Risk Management Essentials Onsite Training Course.. and start using it right away to improve your career!


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Richard was a Great Teacher of the Project Management course i attended. But the knowledge and Information he provided far exceeds just Project Management. If you have a chance to take a class with Him. I urge you to do so. You will not be disappointed and will walk away with a Greater knowledge of information IT related.

Bill Baker, IT Coordinator http://www.linkedin.com/pub/bill-baker/15/336/58b


Rick is simply the best project management trainer with strong knowledge of project management fundamentals and how business operates. I learned a lot on how to manage risk in projects in his classes. I strongly recommend folks to attend his project and risk management training classes.

Jitendra Sharma, Team Lead http://www.linkedin.com/pub/jitendra-sharma/14/683/a44


Richard is an excellent instructor/ trainer. He is a walking encyclopedia of practical knowledge! He readily and successfully transmits learning instruction, advice and industry nuances with an interesting and engaging style.

Carlos Mongiello, Project Manager http://www.linkedin.com/in/cmongiello


In Closing...

Onsite training is becoming more and more common today as organizations are looking for ways to train their personnel without having to pay for travel.

The prevalence of computers today have made onsite training easier than ever before.

There are many advantages to this type of training that benefit not only the organization but also the employee who is being trained.

One of the primary benefits is the ability to be trained in an environment that is familiar.

Many studies have shown that people who are trained in a familiar environment learn better than those who are in an unfamiliar environment.

When you are able to learn in a familiar environment the student will be better able to focus on the new material instead of their surroundings.

In addition, having training onsite is preferential because of the cost savings.

Instead of paying to send people to receive training elsewhere, organizations are choosing to train onsite because it saves a lot of money.

Even if the organization has to pay for people to come to them or has to pay for a program, this is usually much more affordable than paying for several people to travel whenever training is necessary.

Why not you?

Don't you owe it to yourself to try ..The Risk Management Essentials Onsite Training Course.. today?

Richard Frederick, PMP, MCP


P.S. Training Pays Off...Particularly When Times Are Tough

Studies show that training has a positive impact on performance, for both students and their companies.

Benefits of training include maintaining a competitive position, improving quality and productivity, and increasing employee retention and morale.

Research also shows that training is even more important during times of economic stress.

During these times, companies pay extra attention to every dollar spent and every dollar made.

This is especially true for IT organizations, where technology advances at a gallop and the cost of keeping up is relentlessly weighed against potential productivity gains.

Companies must maximize their return on IT hardware and software investments.

Performance must be finely tuned.

Employees must have the skills to get the most out of their organizations network, applications, data centers, operating systems, managed services, and other IT infrastructures.

P.P.S  Get Reimbursed For Training

Its All About Value

You know you need training; the trick today is how to pay for it and work it into your demanding schedule.

Staffing and budgets are flat or declining, but the IT workload is rising. Yet even with todays lean budgets, many IT professionals are getting the valuable training they need by locating training funds hidden in the most interesting places.

You can, too.

Many companies offer tuition reimbursement programs for their employees.

These companies view continuing education as a plus for the companys bottom line.

Employees who keep up their knowledge and skills tend to be more productive; employees working in a company that fosters employee growth tend to be more loyal to that company.

How To Determine Whether Your Company Offers Tuition Reimbursement

Considered an employee benefit, tuition reimbursement programs are often managed by the human resources (HR) department. In some cases, they may be tied to each departments training budget.

Talk with your manager or your HR office to see if your company has a tuition program.

Program requirements vary from company to company, so review the requirements carefully.

Some corporate policies state that reimbursement is available only as part of a degree program; some require a letter certifying course completion; and some have a golden handcuffs clause that requires repayment if you leave the company within a certain timeframe after your reimbursed training.

There can also be restrictions in that the reimbursement amount is tied to the letter grade received on the course.

If you have any questions about this course, please Contact Us.

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