Advanced Project Risk Management




Risk and uncertainty are ubiquitous in today’s organizations. They influence every major executive and managerial decision. It is paramount to understand them to achieve better decisions and successful outcomes.

The primary objective of this course is to provide you with tools to analyze the risk and uncertainty associated with numerous project activities and decisions. The tools include several spreadsheet models for project net present value, schedule and cost estimation  and  project prioritization, among others. The models focus on discounted cash flows, Monte Carlo simulations, decision trees, portfolio optimization, and so on.

Course Format

The course is presented in a workshop format involving hands-on activities. It consists of mini-lectures, interactive discussions, and team-based exercises and case studies. Quantitative methods presented in this course involve Excel based applications. You’ll receive a demonstration of how Microsoft Corporation’s Project can be used in tandem with Excel-based applications to integrate uncertainty and risk into cost and schedule estimation.

Your instructor will demonstrate each spreadsheet model using an example problem. You will learn the models through hands-on application. The class size will be limited, so that personal attention can be given to each participant in helping with the hands-on application exercises. (You are required to bring your own laptop to the classroom and encouraged—not mandatory—to download trial copies of Project and Palisade Corporation’s DecisionTools Suite, unless you already have a license for their use.) You will also receive complimentary risk analysis software with many of the models discussed in the class. The software was developed by Dr. Prasad S. Kodukula, PMP, PgMP. and his research team.


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