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41 - IT-S Information Technology - Security and Audit

IT-S 202 - IT Project Risk Management

Code Start Date Duration Venue
IT-S 202 03 July 2023 5 Days Istanbul Registration Form Link
IT-S 202 28 August 2023 5 Days Istanbul Registration Form Link
IT-S 202 23 October 2023 5 Days Istanbul Registration Form Link
IT-S 202 18 December 2023 5 Days Istanbul Registration Form Link
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Course Description

The unique challenges of IT projects make it mandatory an IT project manager be a skilled risk manager. Risk will always exist in IT projects given the need to deal with challenging requirements and expectations, complex and ever-changing technologies and business needs, and aggressive schedules and budgets to support business success. However, it is not inevitable that risk management will be an impossible task that will result in the person being viewed as reactive, or worse, unresponsive. Participants will leave this course prepared to face the challenges and opportunities of risk management with new practices to apply in their environment and new insights on the implications and advantages of applying risk management well.


Course Objectives

  • Identifying threats and opportunities and weighing their relative value in projects
  • Using a practical, eight-step process to manage IT project risk
  • Developing practical response strategies for common IT project risks
  • Overcoming stakeholder and team member roadblocks to risk strategy implementation
  • Making risk and opportunity integral components of the next IT project plan

Who Should Attend?

  • IT project managers
  • IT professionals
  • Business owners
  • Anyone who is involved in IT Risk Management

Course Details/Schedule

Day 1

  • Introduction to Risk
  • Definition and characteristics of "risk"
  • Elements and factors of risk
  • Types of risk
  • Components of risk management
  • Risk Management Planning and Identifying Risk
  • Risk management planning
  • Risk Identification
  • Idea generation tools and techniques

Day 2

  • Analysis Fundamentals
  • Probability and impact
  • Presenting risk
  • Descriptive
  • Qualitative
  • Quantitative
  • Probability

Day 3

  • Analyzing and Prioritizing Risk
  • Determining risk tolerances
  • Analyzing risks
  • Establishing and evaluating profitability
  • Risk-based financial tools and techniques
  • Expected-value analysis
  • Decision trees
  • Probability analysis
  • Risks versus opportunities
  • Prioritizing risks

Day 4

  • Developing Risk Responses
  • Risk response strategies for opportunities and threats
  • Risk acceptance, avoidance, transference and mitigation
  • Establishing reserves
  • Risk Execution, Evaluation and Update

Day 5

  • Execute risk strategies
  • Risk response monitoring and control
  • Contingency plans and workarounds
  • Risk Evaluation
  • Reassessing risk
  • Risk documentation