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Strategic Project Risk Management

Strategic Project Risk Management

1h 43mIntermediate2024-09-04

Authors

Prasad Kodukula

Prasad Kodukula

Course details

One of the most effective ways to ensure project success is through smarter risk management. In this course, PMI Fellow Prasad Kodukula provides a step-by-step framework to master the four most common types of project risk. Learn about the evolution of risk management and be able to determine where your organization is on the evolutionary scale. Find out how to differentiate project, program, and portfolio risks and apply the right tools for the job. Explore the four key types of project risk and how to apply the right tools, depending on risk type. Discover practical methods and tools for managing various risk types, identifying and analyzing risk events, and prioritizing risks by overall severity or importance. Learn how to prepare a risk register and develop management methods to address portfolio and program risks. Plus, dive into new and evolving tools--including AI tools—to manage project risk.

Skills covered

Project Management SkillsBusiness StrategyProject ManagementBusiness Analysis and StrategyLeadership and ManagementOne-Off

Concepts

0. Introduction

  • 01 - Lead projects to success with strategic risk management

1. Evolution of Project Risk Management

  • 02 - How project risk management has evolved
  • 03 - How project, program, and portfolio risks differ

2. A Comprehensive Strategy to Manage Project Risks

  • 04 - Four types of project risks
  • 05 - Risk debt - The good, the bad, and the ugly
  • 06 - A holistic strategic approach to managing risks
  • 07 - Risk management roadmap

3. Managing Different Types of Risks

  • 08 - Variability risk
  • 09 - Event risk
  • 10 - Ambiguity risk
  • 11 - Emergent risk

4. Managing Event Risk

  • 12 - Creating a risk register
  • 13 - Risk identification
  • 14 - Qualitative analysis
  • 15 - Quantitative analysis
  • 16 - Risk prioritization
  • 17 - Risk treatment strategies

5. Advanced Risk Management

  • 18 - Managing program risks
  • 19 - Managing portfolio risks
  • 20 - Quantitative methods
  • 21 - AI in project risk management
  • 22 - Evolving risk management tools

Conclusion

  • 23 - Key reminders for successful risk management

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