Our broad portfolio of project, program, and portfolio management courses guarantees continuous development and effective preparation for the most prestigious PM certifications.

Project Risk and Cost Management






Training scope:
  • project risk management process​
  • WBS application in risk management planning​
  • identification of project risks (opportunities, threats)​
  • qualitative and quantitative analysis of project risks​
  • risks prioritization​
  • risk response planning​
  • risk control​
  • managing knowledge about project risk
  • project cost management planning​
  • pre-defined project budget​
  • project cost categories​
  • estimating project costs​
  • project contingency reserves​
  • controlling and reporting project costs​
  • project status control based on earned value method​
All projects are accompanied by uncertainty. As with every business endeavor we should manage project risk from the perspective of opportunities and threats. This program thoroughly introduces participants to project risk management processes from identification of an individual risk to solution implementation once it occurs. Project costs are the third of the famous project triple constraints. Precise planning and control of project activities costs is often regarded by the sponsors as one of the most important responsibilities of a project manager. In this course we present a full project cost management process and introduce Earned Value management as one of the effective project status control and reporting techniques.​

”Project Risk and Cost Management” is one of the five PMP® Academy training courses preparing for the PMP® exam. Its content is based on the current PMP® exam content outline with additional remarks referring to PMBOK® Guide 7th Edition.​
Learn how to: ​
  • identify project risks - opportunities and threats​
  • analyze your risks effectively and prioritize them​
  • prepare risk response plan and assign responsibilities​
  • control and report project risks​
  • build organizational project risk database​
  • estimate projects costs top-down, and bottom-up​
  • use risk management outputs to establish project contingency and managerial reserves​
  • control and report project costs​
  • report project status based on Earned Value method

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Recommended audience:​
  • project managers​
  • project teams members​
  • project steering committees members​
  • everyone interested in achieving high competences in project management​
  • candidates for PMP®/CAPM® certifications.