Working with Uncertainty in Projects

APMC

This course is also part of the Advanced Project Management Certification: The Kerzner Approach
to Best Practices (APMC) curriculum. For more information, see page 30.

Have you been surprised by unplanned events

during your projects? Are you and your project
team frequently fighting fires? Well, you are not
alone. Uncertainty exists in any project
environment.
While it may not be possible to predict project
outcomes with 100% certainty, you can influence the outcome, avoid many potential risks
and be ready to calmly and efficiently respond
to unavoidable challenges instead of reacting
to them and possibly making things worse.
With the proper knowledge, risk can be identified, assessed, planned for and controlled.
The goal of this course is to teach the specific
knowledge needed to set up risk management
in your projects and to help you implement risk
management processes to achieve consistent
and predictable results in organizations where
a higher level of risk management is required.
This course is aligned with A Guide to the Project
Management Body of Knowledge (the PMBOK
Guide).
Prerequisites
A good working knowledge of project
management, as well as some experience
managing projects
Course Level
Intermediate/Advanced
Who Should Attend
This course is designed for:
Project and program managers
Managers of project managers
Team members working on high-risk
projects
Performance Focus
Risk planning
Risk identification
Risk assessment (qualitative and
quantitative)
Risk response planning
Risk control

What You Will Learn

Youll learn how to:
Demonstrate how the PMBOK Guides risk
management processes apply to your
projects environment
Adapt these processes for a particular highrisk project teams operating principles
Explain the importance of using risk
management best practices at single and
enterprise project levels
Lead an initiative to implement risk
management best practices in your project
environment
Course Overview
Getting Started
Introductions
Course structure
Course goals and objectives
Foundation Concepts
Risk-related definitions
The risk management process
High-risk projects and project failures
Classical failures in implementing risk
management
Plan Risk Management
Project risk management and governance
Risk management planning for high-risk
projects
High-risk variations on a risk management
plan

Perform Quantitative Risk Analysis

Adapting quantitative risk analysis for highrisk projects
Risk analysis and data quality assessments
Building a foundation for quantitative risk
analysis
Using discrete quantitative tools
Using continuous quantitative tools
Wrapping up quantitative risk analysis for
high-risk projects
Plan Risk Responses
Adapting risk response planning for highrisk projects
Optimizing active risk response strategies
Leveraging contingencies for high project
performance
Wrapping up risk response planning for
high-risk projects
Monitor and Control Risks
Adapting risk monitoring and control for
high-risk projects
Optimizing risk plan maintenance
Weaving risk reassessment into the projects
progress
Maintaining a continuous vigil in high-risk
project environments
Summary
What did we learn, and how can we
implement this in our work environments?

Identify Risk
Adapting the risk identification process for
high-risk projects
Recognizing risks spontaneously
Confirming and structuring risk events for
treatment
Wrapping up risk identification for high-risk
projects
Perform Qualitative Risk Analysis
Adapting qualitative risk analysis for highrisk projects
Accelerating risk analysis
Clearing risk action
Wrapping up qualitative risk analysis for the
next level

Take advantage of the flexibility, customization, focus and control that onsite training offers and let us tailor a course or program to align with your
companys mission, values and unique business needs. We can deliver any course to your team or organization in a private format - at your location, at
one of our training sites or in a virtual setting. Email us at onsite@iil.com for a free consultation today or visit www.iil.com/onsite for more information.

VIRTUAL CLASSROOM: Dynamic and fully

interactive, a live, online version of this course is
led by an instructor and conducted in real time.

TRADITIONAL CLASSROOM: Engage with our

instructors and a diverse group of peers in a
Traditional Classroom version of this course.

ON-DEMAND LEARNING: Set your own pace

with a recorded online version of this course
and log on when and where you learn best.

#8890 / Four 3-hour sessions

CEU Credits: 1.2 / PDU Credits: 12
Price: USD 850
IIL/University Price: USD 1050

#8140 / 2 Days
CEU Credits: 1.4 / PDU Credits: 14
Price: USD 1295
IIL/University Price: USD 1595

#PA8890 / Four 3-hour sessions

CEU Credits: 1.2 / PDU Credits: 12
Price: USD 850
IIL/University Price: USD 1050

www.iil.com +1-800-325-1533 or +1-212-758-0177 Visit our website for the latest course schedules.
APMC and The Kerzner Approach are registered trademarks of International Institute for Learning, Inc. PMBOK is a registered mark of the Project Management Institute, Inc.

Project Management Advanced Courses

Advanced Project Risk Management