Course Description
The unique challenges of IT projects make it mandatory an IT project manager be a skilled risk manager. The risk will always exist in IT projects given the need to deal with challenging requirements and expectations, complex and ever-changing technologies and business needs, and aggressive schedules and budgets to support business success. However, it is not inevitable that risk management will be an impossible task that will result in your being viewed as reactive, or worse, unresponsive. In the IT Risk Management course, you’ll learn to look at risk management as a way to seize opportunities, minimize threats and achieve optimum results. You’ll work through the proactive approach to threat and opportunity— based on a clear understanding of the powerful nature of both qualitative and quantitative approaches to risk management.
What Do Participants Learn?
- Use a practical, eight-step process to manage IT project risk
- Identify threats and opportunities and weigh their relative value in your project
- Develop practical response strategies for common IT project risks
- Overcome stakeholder and team member roadblocks to risk strategy implementation
- Make risk and opportunity integral components of your next IT project plan
Who Should Attend?
- Managers
- Supervisors
- Executives
- IT Project Manager
- Anyone who is interested in the field
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section One: Introduction to Risk
- Definition and characteristics of “risk”
- Elements and factors of risk
- Types of risk
- Components of risk management
Section Two: Risk Management Planning and Identifying Risk and
- Risk management planning
- Risk Identification
- Idea generation tools and techniques
- Probability and impact
- Presenting risk
- Descriptive
- Qualitative
- Quantitative
- Probability
Section Three: Analyzing and Prioritizing Risk
- Determining risk tolerances
- Analyzing risks
- Establishing and evaluating profitability
- Risk-based financial tools and techniques
- Expected-value analysis
- Decision trees
- Probability analysis
- Risks versus opportunities
- Prioritizing risks
Section Four: Developing Risk Responses
- Risk response strategies for opportunities and threats
- Risk acceptance, avoidance, transference, and mitigation
- Establishing reserves
Section Five: Risk Execution, Evaluation and Update and Risk Evaluation
- Risk response monitoring and control
- Execute risk strategies
- Contingency plans and workarounds
- Reassessing risk
- Risk documentation