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Managing Risk and Uncertainty in Projects

at American Management Association - Arlington

Course Details
$2,495 100 seats left
Start Date:

Thu, Feb 09, 9:00am - Feb 10, 4:30pm Eastern Time ( 2 sessions )

2345 Crystal Dr Suite 200
At Crystal Dr
Arlington, Virginia 22202
Class Level: All levels
Age Requirements: 21 and older
Average Class Size: 20

What you'll learn in this management course:

The truism about best-laid plans going astray can easily be applied to projects. Even in the most carefully planned projects, unforeseen challenges can arise that might affect the outcome. When developing a project plan, it’s therefore crucial to identify potential risks—and strategize possible solutions to any “if/then” scenarios that can be anticipated. Unfortunately, there will always be occurrences that can’t be predicted, which is why PMBOK classifies uncertainty as its own performance domain, including general uncertainty, ambiguity, complexity, volatility and risks.

Attend this course to explore and learn strategies and tactics you can apply when managing projects in uncertain circumstances. Build the skills and techniques you need to effectively identify, plan, mitigate and manage risks and their potential impacts, both on the project and the team—and be able to recognize unforeseen opportunities.

Who Should Attend:

Program managers, project team members and project team leaders who need strategies, skills and techniques to better manage and mitigate the impact of project risks.

How You Will Benefit:

  • Explore uncertainty in terms of behavior, systems and other project components
  • Gain strategies to plan more effectively for risks, and identify strategies for responding to them
  • Distinguish between risks that threaten the project and those which could present opportunities
  • Define the status of risks and effectively communicate vital updates to stakeholders
  • Develop a realistic understanding of costs and how to schedule reserves
  • Utilize documentation and response strategies to help manage stakeholders’ reactions to disruptions
  • Manage a range of project impacts without major disruption to the delivery

What You Will Cover:

  • Exploring the Uncertainty Performance Domain and risk management
  • Discussing general uncertainty and its effects
  • Differentiating between conceptual and situational ambiguity
  • Delineating where complexity arises from human behavior, system behavior or ambiguity
  • Defining volatility in project management
  • Developing an awareness of environmental impacts: technical, social, organizational
  • Determining what risk indicators to watch for— and their impact on scope, time and cost
  • Analyzing ways to estimate risk probability rather than plausibility
  • Identifying the interdependencies of project variables
  • Applying planning strategies for contingency response
  • Rating strategies for responding to threats
  • Prioritizing reactions to project risks
  • Constructing a reporting process and stakeholder communication plan
  • Exploring risk governance and response
  • Utilizing simulation strategies to increase flexibility of response

Still have questions? Ask the community.

Refund Policy
Transfer, Cancellation and Refund Policy:

For Classroom, Live Online, Express Skills Courses and Webinar programs, you may transfer to a future session, send someone to take your place or cancel without penalty at any time up to three weeks prior to your program. If you provide AMA with less than three weeks’ notice, or fail to attend, you will be liable for the entire program fee. 

Programs included in AMA On Demand offerings are not eligible for substitution, transfer, cancellation, return, or refund. We appreciate that this is an important investment for you and your company and would like to accommodate your needs the best we can. Therefore, please email CourseHorse.

Pricing, Offers, and Discounts Policy:

AMA-delivered programs are eligible for AMA member pricing, GSA pricing, special offers, and discounts as applicable, according to the terms of the specific pricing, offer and/or discount. Third party-delivered programs available through AMA and Express Skills courses are excluded from all discounted pricing, offers, and discounts offered by AMA, including but not limited to AMA member pricing, GSA pricing, AMA Seminar Savings Pass redemptions, AMA SLS Contract pricing, AMA Annual Pass/All-Access Pass, and complimentary registrations of any type.


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Start Dates (1)
Start Date Time Teacher # Sessions Price
9:00am - 4:30pm Eastern Time TBD 2 $2,495
This course consists of multiple sessions, view schedule for sessions.

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American Management Association

The American Management Association, International (AMA) is the global leader in talent development. Founded in 1923, AMA supports the goals of individuals and organizations through a complete range of educational products and services, including instructor-led classroom and virtual seminars, webinars,...

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