Risk and Opportunity Management

The California Institute of Technology Center for Technology and Management Education offers individual two-day courses in three essential competencies required of project managers: project earned value management, managing multiple projects, and project risk management. These courses are offered individually or may be included in a customized certificate program offered at your company.

Custom Program Benefits

A well-structured and cost-effective risk management program is a necessary ingredient of a successful project. Participants will learn proven methods and tools for recognizing, assessing, and responding to project risks. Real-life examples are presented.

Topics

• Identifying what can go wrong on a project during each of its phases
• Determining which risks are important and warrant mitigation
• Establishing cost trades among different mitigation candidates
• Identifying and avoiding duplicated mitigation
• Preparing  an effective risk statement
• Generating strategies to deal with critical risks
• Determining the expected value of a mitigation strategy
• Determining the size of the contingency reserve for the project
• Making decisions under uncertainty and risk

Who should attend

Senior managers, project managers, business analysts, and technical professionals wanting to improve their project management skills.

Hours and Credits: Participants will earn 16 Professional Development Units (PDUs) or 1.6 Continuing Education Units (CEUs). The PDUs may be applied by PMI Project Management Professionals (PMP)^® towards their maintenance of certification under the PMI Continuing Certification Requirements Program.

Instructors

Shreekant Agrawal, PhD; Michael Brenner; Nathaniel Crews, MBA, PMP; Tony Freeman, PhD; Leroy Hanneman; Rick Hefner, PhD; James Hines; Jim McGinnis; Steve McNamara; Ken Preston, DBA; Rob Renner; Dennis Schwarz; Michelle Selberg; Michael Sturgeon; Steve Wall; Doug Wood