Advanced Project Risk Management - Working with Uncertainty in Projects

Advanced Project Risk Management - Working with Uncertainty in Projects

DurationDelivery NamePriceQty 
12:00On-Demand LearningUSD $850.00
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As a Project Management Institute (PMI)® Registered Education Provider (R.E.P.), IIL has agreed to abide by PMI®-established quality assurance criteria.


A good working knowledge of project management, as well as some experience managing projects

Course Level

Intermediate / Advanced 


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).

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

You’ll learn how to:

  • Demonstrate how the PMBOK Guide’s risk management processes apply to your project’s environment 
  • Adapt these processes for a particular highrisk project team’s 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 

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 

Perform Quantitative Risk Analysis

  • Adapting quantitative risk analysis for high-risk 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 project’s progress 
  • Maintaining a continuous vigil in high-risk project environments 


  • What did we learn, and how can we implement this in our work environments? 


Project Management Institute (PMI)® Professional Development Units (PDUs)

Technical Leadership Strategic Total
Project Management Professional (PMP)® 10.25 0.75 1.00 12.00
PMI Program Management Professional (PgMP)® 10.25 0.75 1.00 12.00
PMI Agile Certified Practitioner (PMI-ACP)® 0 0.75 1.00 1.75
PMI Scheduling Professional (PMI-SP)® 0 0.75 1.00 1.75
PMI Risk Management Professional (PMI-RMP)® 10.25 0.75 1.00 12.00
PMI Portfolio Management Professional (PfMP)® 0 0.75 1.00 1.75
PMI Professional in Business Analysis (PMI-PBA)® 0 0.75 1.00 1.75

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