Risk Analysis
By External Provider
About this course
In today’s fast-paced projects, risks can appear at any moment and knowing how to manage them is what sets great professionals apart. Risk Analysis teaches you to identify, assess, and mitigate risks before they become problems. Begin by using qualitative methods such as FMEA, Fault Tree Analysis, Affinity Diagrams, and the Analytic Hierarchy Process (AHP) for identifying potential issues, charting their causes, and prioritizing them appropriately. Then move to quantitative methods, using metrics such as SV, SPI, CV, CPI, and EAC to monitor schedules and budgets. Explore Agile metrics like burndown charts and story point completion, while applying Monte Carlo simulations, tornado diagrams, network sensitivity analysis, Ishikawa diagrams, and decision trees to forecast impacts and plan solutions. Tailored for project managers, business analysts, and future risk practitioners, this course prepares you to identify the complexity of risk, analyze risk net value, and improve decision-making on projects in any context.
What you will learn
- Identify and prioritize risks using qualitative tools like FMEA, Fault Tree Analysis, Affinity Diagrams, and AHP for making better early decisions
- Use quantitative metrics - SV, SPI, CV, CPI, and EAC to monitor the health of your Schedule and Budgets with objective control based on data
- Forecast uncertainty using Monte Carlo simulation, tornado charts, decision trees, and network sensitivity to plan realistic risk responses
- Assess risk complexity, compare response options, and develop effective mitigation strategies that protect outcomes in dynamic project environments