IT Risk Management via E-Training
42 Days – Course No. ePM12E
Target AudiencE:
Project Managers and Business Professionals who
want to learn a proactive approach to threat and opportunity-based on a clear
understanding of the powerful nature of both qualitative and quantitative
approaches to risk management in an IT environment.
Prerequisites:
Ideally students should complete Managing IT
Projects prior to taking this course.
Note: Participants taking this course should not
take Risk Management.
Learn How To:
◦ 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
course Synopsis:
The unique challenges of IT projects make it
mandatory that a successful IT project manager be a skilled risk manager. 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 IT Risk Management, 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.
IT Risk Management examines threat and opportunity from the perspective of ESI’s
proven eight-step risk management process. Using effective tools, including
ESI’s highly regarded risk assessment model, you’ll learn how to evaluate and
respond to risk at the project and task levels. You’ll apply these tools from
the course material to analyze and classify risks, determine how to establish
an acceptable level of risk and develop a practical risk response plan.
Included in the course is a multi-part case
study that takes you from a risk overview at the beginning of an IT project
through the challenges of ongoing assessment and reassessment of threats and
opportunities throughout the project. Included in the participant course
material is comprehensive reference material that is specific to each unit of the
course.
You’ll leave this course prepared to face the
challenges and opportunities of risk management with new practices to apply in
your environment and new insights on the implications and advantages of
applying risk management well.
course Topics:
Introduction to Risk and Risk Management
Planning
◦ What is risk?
◦ Why is it important to manage risk?
◦ Is there a process for managing risk?
◦ How are IT Projects different?
◦ Who is responsible for risk management?
◦ How do project management and risk management interact?
◦ What happens during risk management planning?
Identify
◦ What are some techniques for identifying risks?
◦ How should a risk event statement be written?
◦ What are the common categories of risk?
◦ What are some common risks on IT projects?
Analyze
◦ How are risks analyzed?
◦ What's the difference between qualitative and quantitative risk
analysis?
◦ How do you assess probability and impact?
◦ What is expected value and how is it useful?
◦ What are decision trees and how can you use them to calculate
probability and expected value?
◦ What is PERT analysis?
◦ What is a Monte Carlo simulation?
◦ How can you use ESI's Risk Assessment Model® (RAM®) to determine the
overall risk of a project?
Priortize
◦ Why should you prioritize risks?
◦ What techniques can you use to prioritize risks?
Plan
◦ What are the response strategies for threats and opportunities?
◦ How do you determine the best risk response strategy?
◦ What are risk reserves?
◦ What is the risk management plan (RMP)?
Execute, Evaluate, and Document
◦ How do you implement risk response strategies?
◦ How can you tell if your risk response strategies are working?
◦ Why are risk reassessment and documentation important?
Risk Management and Project Closeout
◦ What is the final risk assessment?
◦ Why is it important to document lessons learned?
Other Information:
PMBOK® Guide Knowledge Areas:
◦ Project Time Management
◦ Project Cost Management
◦ Project Risk Management
◦ Project Procurement Management
“PMBOK” is a trademark of the Project Management
Institute, Inc., which is registered in the United States and other nations.
Professional Development Units (PDUs): 28.0