PMP 0406: Managing Project Risk
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Course Description
Features
Topic Highlights
Certificate Program
Course Completion Requirements
PDU Information
Who Should Attend
Instructors
Evaluation Comments
Related Courses
COURSE DESCRIPTION
Projects, regardless of scope, contain many unknowns. Risk is concerned with an event, the probability of the event occurring and the significance of the consequence of that occurrence. Project risk involves understanding potential problems and opportunities that might occur in a project and how they might impede project success. Risk management can be viewed as either a form of insurance or as an investment. Project failure may lead to significant financial impact or physical injury and often can be on a large scale. Therefore, managing project risk from the beginning of a project is a critical part of successful project management.
The Managing Project Risk class participants learn various techniques for assessing and managing risk, and learn how to "Crash" (i.e., accelerate) a project. In addition to standard techniques, such as Risk Severity matrix, participants learn how to effectively apply advanced concepts such as Monte Carlo simulation. Simple, but comprehensive, matrices identifying potential risk events are provided as a guide. In addition, the participants learn how to develop backup and recovery plans.
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| Registration |
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| Schedule |
July 23-24, 2013 (Tuesday-Wednesday)
Time: 8:30 AM-4:30 PM
Location: HRN Status: Open
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| Fee |
$1095.00 |
| CEUs |
| Each seminar is recommended for:
1.3 CEUs
13 Contact Hours |
| Onsite Opportunity |
This course is also available on a contract basis and can be tailored to suit your
organization's needs. Please contact us to discuss your onsite opportunity. |
| Contact Info. |
Herndon Training Center at CIT
Online contact form
Address:
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George Mason University
Office of Continuing Professional Education |
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2214 Rock Hill Road, Suite 400 |
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Herndon, VA 20170-4213 |
Telephone: 703-993-4800
Fax: 703-993-4811 |
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FEATURES
George Mason University's Project Management Certificate is designed with many options. Courses are scheduled throughout the year and can be taken individually or as part of the Project Management Certificate Program to earn a George Mason University Certificate of Completion. In addition, this program can be scheduled for group training at your site, at your convenience, through contractual arrangements. Contact us at 703-993-4800 for current course schedules, to register, or to discuss onsite possibilities.
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TOPIC HIGHLIGHTS
Topics discussed during the two-day workshop include:
- When to start, and how to plan, high-risk projects
- Defining project scope, requirements and deliverables
- Approaches to reduce the risk of complex projects
- Defining what makes the project so complex
- The five common elements of high-risk, complex projects
- Developing recovery plans and management metrics
- Selecting internal and subcontract resources
- Unique financial management aspects of complex projects
- Leading high-risk projects, and why normal management fails
- Avoiding the cascade effect of small problems growing larger
- Managing media coverage of high-risk projects
- Developing cost-at-completion models
- Creating and applying performance metrics
- Negotiating subcontracts in a high-risk situation
- Applying change control to an always changing environment
- Documenting project status at completion
- Obtaining stakeholder involvement and support
- Working with the politics of complex projects
- Securing project information from misuse
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CERTIFICATE PROGRAM
This course is part of the Project Management Certificate Program, offered through a unique partnership between George Mason University and Business Performance Group.
The Project Management Certificate Program provides you the opportunity to learn the basics of project management-how to plan, execute, control and complete projects. In addition, our Project Management core courses prepare you to take the PMP® Certification Exam offered by the Project Management Institute (PMI). PMI is the world's leading organization certifying and representing 60,000 project management professionals worldwide.
After completing the Project Management core courses, you can take in-depth courses to further develop your project management skills. The advanced courses focus on key trends in managing projects and demands on the project managers. You will learn how to prepare project schedules, develop project measures and advanced approaches to project control; and how to develop, lead and motivate project teams. If dealing with risk and complexity is part of your work environment, you will learn both standard and advanced techniques to aid you. After successfully completing the four core courses and one elective, you will earn the George Mason University Certificate of Completion.
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COURSE COMPLETION REQUIREMENTS
100% attendance and participation are expected from participants.
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PDU INFORMATION
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PDU CREDITS:
Four-day courses are recommended for 28 PDUs
Three-day courses are recommended for 21 PDUs
Two-day courses are recommended for 14 PDUs
One-day courses are recommended for 7 PDUs
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WHO SHOULD ATTEND
No Prerequisites or Advanced Preparation Required. Level: Intermediate
Managers and mid-level professionals who are faced with increasing pressures
to improve organizational performance should take this course. This course is also intended for individuals who
aspire to be project managers and recently assigned project managers. For existing managers, the course provides
a refresher course on the state-of-the-art of project management. Course participants should have had some
exposure to project management processes and techniques.
Please click here for instructor information.
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EVALUATION COMMENTS
“Great insight into all areas of risk management”
“[This course] acquainted me with a lot of new concepts and gave technical information and tools.”
“I would recommend other managers/project managers to take this course because it provides a whole host of information concerning risk.”
"Really enjoyed the class. It absolutely accomplished my key goal with was to get a "non-DoD" perspective on program management."
"Great program"
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PMI, PMP, PMBOK Guide, and the PMI Registered Education Provider logo are registered marks of the Project Management Institute, Inc.
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