For a PMO, risk management can reduce budget overruns and missed deadlines if uncertain project events are dealt with in a proactive manner, directly translating to the organization's bottom line.
Cedar Grove, NJ (PRWEB) September 19, 2016
Risk management is about identifying new risks or changes in the threat level of existing business processes. The challenge for project managers is how to get teams, functional areas, business processes, systems, and vendors aligned to new goals; moreover, how to get the needed transparency into the activities that have been agreed upon in project execution and how to prioritize the issues that surface every step of the way, until the project is completed. These topics and more will be explored in this presentation of project management's PMI-RMP risk management certification course in northern New Jersey/metro New York City region.
The benefits of risk management are specific and measurable. For example, for a PMO, risk management can reduce budget overruns and missed deadlines if uncertain project events are dealt with in a proactive manner, directly translating to the organization's bottom line.
Risk Management's goal is to increase the impact and probability of positive risks and decrease them for negative risks. The point is not only avoiding failure, but to bring about opportunities. Risk management includes six main processes in PMBOK (project management body of knowledge) theory. The processes are risk management planning, risk identification, qualitative risk analysis, quantitative risk analysis, risk response planning, and risk monitoring and control.
Assessing risk at the project, portfolio, and business levels helps you understand risk, make better decisions, negotiate fair contracts, create risk mitigation scenarios, and improve teamwork. This course and certification is for those looking to add value and fill the risk management specialist role on project teams. The PMI Risk Management Professional (PMI-RMP®) credential communicates expertise in the field.
This course is designed for those who want to identify risks, analysis them, and plan accordingly. It is beneficial to anyone who is responsible for analyzing risk and dealing with the various risk exposures that may affect their projects. Click Here for Details
PMO Advisory LLC is a one of the few PMI Global Registered Education Providers (R.E.P.’s) offering the entire spectrum of project management training including Project Management Office (PMO) and Portfolio-, Program-, Project-, Risk-, Agile-, and Service- Management (ITIL). Cedar Grove, NJ. PMO Advisory is a socially minded management advisory and training firm with expertise in business and IT execution, serving as a resource to help enable ideas for organizations.