Certified Project Risk Manager, CPRM
Certified by: the American Academy of Project Management, AAPM
Course Synopsis
Private and public-sector projects are uncertain. Not everything that we want to happen always happens. If we don’t integrate risk management into our project and business management systems and processes, then projects are fragile and often hit with unexpected ‘surprises’ or ’bad luck’ with nowhere to go but late and over budget.
Effective project risk and opportunity management enables a proactive approach where you can radically improve the chances of a successful project outcome by:
- Identifying and assessing risks upfront to ensure the project is within your ‘risk tolerance’.
- Proactively working to minimize risks and maximize opportunities – with a view to cost-benefit
- Deal with risks effectively should they happen
Course Objectives
This certification program provides an individual with an accredited globally recognized project risk management credential. Project Management is achieving worldwide recognition as a profession in its own right.
The Certified Project Risk Manager CPRM® credential is The American Academy of Project Management mark of distinction for project risk practitioners. It gives recognition that the individual has the knowledge, skills and a professional level competency in project risk management practices.
Course Prerequisites
Anyone with sufficient experience in project management and need to pursue a career as Project Director, Program Manager, or Senior Level Project Manager.
Outline Course Contents
Module 1 - Defining Project Risk Management
i. Project Management Overview
ii. Fundamental Concepts of Risk
iii. Risk Defined
iv. The Value of a Risk
v. Types of Risk
vi. Risk Management Defined
vii. Cost Analysis
viii. Risk Management Planning
Module 2 - Risk Identification
i. Identifying Risks
ii. Risk Register
iii. How to Identify Risks
iv. Systematic Risk Identification
v. Output from Risk Identification Process
Module 3 - Qualitative Risk Analysis
i. Introduction to Risk Analysis
- Qualitative Risk Analysis
- Quantitative Risk Analysis
ii. Qualitative Risk Analysis
iii. Risk Triage and Other Risk
iv. Analysis Processes
Module 4 - Statistical Foundations of Quantitative Risk and Cost
i. Quantitative Risk and Cost Analysis Fundamentals
ii. Basic Rules of Probability Distribution
iii. Normal Distribution
Module 5 - Risk Cost Analysis
i. Introduction to Cost Risk
ii. Analysis Classical Risk
iii. Risk Cost Analysis
iv. Pricing Insurance Risk
Module 6 - Quantitative Cost Analysis Tools
i. Quantitative Cost Analysis
ii. Cost Estimating Under
iii. Uncertainty
iv. Cost Risk Analysis Tools
Module 7 - Quantitative Schedule Analysis Tools
i. Sensitivity Analysis for Scheduling Issues
ii. Schedule Risk Analysis
iii. Schedule Development
iv. Network Diagramming and Critical Path Analysis
v. Three-Point Estimating Techniques
Module 8 - Risk Response Planning
i. Organizing for Risk Response
ii. Planning Residual and Secondary Risk
iii. Multi-Stage Solutions
iv. Managing Threats
v. Managing Opportunities
vi. Managing Acceptance
vii. Implementing Risk Response Strategies
Module 9 - Risk Monitoring and Control
i. Risk Management Processes in Project Execution
ii. Monitoring and Control, and Closeout
iii. Risk Management Plans and Policies
iv. Project Risk Monitoring and Control Systems
v. Change Management and Risk
vi. Revisiting Risk Identification and Risk Analysis
vii. Risk Management and Project “Lessons Learned”
Private and public-sector projects are uncertain. Not everything that we want to happen always happens. If we don’t integrate risk management into our project and business management systems and processes, then projects are fragile and often hit with unexpected ‘surprises’ or ’bad luck’ with nowhere to go but late and over budget.
Effective project risk and opportunity management enables a proactive approach where you can radically improve the chances of a successful project outcome by:
- Identifying and assessing risks upfront to ensure the project is within your ‘risk tolerance’.
- Proactively working to minimize risks and maximize opportunities – with a view to cost-benefit
- Deal with risks effectively should they happen
Course Objectives
This certification program provides an individual with an accredited globally recognized project risk management credential. Project Management is achieving worldwide recognition as a profession in its own right.
The Certified Project Risk Manager CPRM® credential is The American Academy of Project Management mark of distinction for project risk practitioners. It gives recognition that the individual has the knowledge, skills and a professional level competency in project risk management practices.
Course Prerequisites
Anyone with sufficient experience in project management and need to pursue a career as Project Director, Program Manager, or Senior Level Project Manager.
Outline Course Contents
Module 1 - Defining Project Risk Management
i. Project Management Overview
ii. Fundamental Concepts of Risk
iii. Risk Defined
iv. The Value of a Risk
v. Types of Risk
vi. Risk Management Defined
vii. Cost Analysis
viii. Risk Management Planning
Module 2 - Risk Identification
i. Identifying Risks
ii. Risk Register
iii. How to Identify Risks
iv. Systematic Risk Identification
v. Output from Risk Identification Process
Module 3 - Qualitative Risk Analysis
i. Introduction to Risk Analysis
- Qualitative Risk Analysis
- Quantitative Risk Analysis
ii. Qualitative Risk Analysis
iii. Risk Triage and Other Risk
iv. Analysis Processes
Module 4 - Statistical Foundations of Quantitative Risk and Cost
i. Quantitative Risk and Cost Analysis Fundamentals
ii. Basic Rules of Probability Distribution
iii. Normal Distribution
Module 5 - Risk Cost Analysis
i. Introduction to Cost Risk
ii. Analysis Classical Risk
iii. Risk Cost Analysis
iv. Pricing Insurance Risk
Module 6 - Quantitative Cost Analysis Tools
i. Quantitative Cost Analysis
ii. Cost Estimating Under
iii. Uncertainty
iv. Cost Risk Analysis Tools
Module 7 - Quantitative Schedule Analysis Tools
i. Sensitivity Analysis for Scheduling Issues
ii. Schedule Risk Analysis
iii. Schedule Development
iv. Network Diagramming and Critical Path Analysis
v. Three-Point Estimating Techniques
Module 8 - Risk Response Planning
i. Organizing for Risk Response
ii. Planning Residual and Secondary Risk
iii. Multi-Stage Solutions
iv. Managing Threats
v. Managing Opportunities
vi. Managing Acceptance
vii. Implementing Risk Response Strategies
Module 9 - Risk Monitoring and Control
i. Risk Management Processes in Project Execution
ii. Monitoring and Control, and Closeout
iii. Risk Management Plans and Policies
iv. Project Risk Monitoring and Control Systems
v. Change Management and Risk
vi. Revisiting Risk Identification and Risk Analysis
vii. Risk Management and Project “Lessons Learned”
