Project Risk Monitoring and Control (PMBOK 2000)

Overview/Description
 Did you know that your project becomes more vulnerable as it comes closer to completion? That's because the amount your organization has at stake rises as more resources are committed. "Project Risk Monitoring and Control" will give you the knowledge and skills you need to monitor and control project risks throughout the life of a project. You'll learn how to determine whether new risks are arising or previously identified ones will have a bigger impact than you expected. You'll also learn what you can do to manage these risks and what steps you can take to increase your ability to deal with risk in the future. This course is aligned with "A Guide to the Project Management Body of Knowledge" (PMBOK ® Guide) 2000 Edition, published by the Project Management Institute (PMI ®).

Target Audience
 This series is specifically targeted at project managers, project team members, functional managers with employees assigned to project teams, project stakeholders, any team manager or member interested in project management, executives committed to their organization's growth, managers required to take on new challenges, and top managers with vision.

Expected Duration
5.5 hours

Lesson Objectives:

Inputs to Risk Monitoring and Control

  • recognize the value of understanding the inputs to risk monitoring and control.
  • choose examples of the components of a risk management plan that are used in the risk monitoring and control process.
  • choose examples of the components of a risk response plan that are used in the risk monitoring and control process.
  • select the project communication documents used to monitor and control risk for a given scenario.
  • sequence the effects of implementing the risk management processes to account for additional risks or scope changes in a given scenario.

    • Tools and Techniques for Risk Monitoring and Control

  • recognize the benefits of knowing how to use the tools and techniques for risk monitoring and control.
  • match the risk monitoring and control techniques to their key element examples.
  • match examples of the calculations performed in an earned value analysis to their performance measurement.
  • determine whether a given project requires additional risk identification and analysis.
  • sequence examples of the steps for measuring technical performance of a given project.
  • determine whether the performance of a given technical parameter indicates a project risk.
  • match the signs that additional risk response planning is necessary to examples of responses.

    • Outputs from Risk Monitoring and Control

  • identify the benefits of understanding the outputs from risk monitoring and control.
  • match each type of corrective action for emerging risks to their examples.
  • identify the missing step in processing a project change request for a given scenario.
  • identify the purpose for updating risk identification checklists.
  • identify examples of the elements that will be included in the updates for a given risk response plan.
  • identify examples of the capabilities of a risk database.

    • Course Number: PROJ0495