Controlling Project Change and Risk
- 1.4 CEU/14 PDU/Credits/Units
- MDP978aCourse Code
This is one of four courses in the CEG Project Management Certificate Program. It is aligned with A Guide to the Project Management Body of Knowledge (PMBOK® Guide). The course begins by covering risk planning, then focuses on monitoring and control from a variety of perspectives, including scope, time, cost, communications, and risk.
As part of a case study, participants develop a risk register and risk response plans. Then, participants respond to scenarios in which status reports indicate variances from the project plan. Participants must analyze variances in scope, cost, and schedule and then prepare change requests to bring the project back under control. In a simulated change control process, change requests are evaluated for approval or rejection based on an impact assessment. Participants then learn how to update project baselines to reflect change control decisions.
PMBOK® Guide processes covered in this course:
11.1 Plan Risk Management
11.2 Identify Risks
11.3 Perform Qualitative Risk Analysis
11.4 Perform Quantitative Risk Analysis
11.5 Plan Risk Responses
6.7 Control Schedule
5.5 Validate Scope
5.6 Control Scope
7.4 Control Costs
11.6 Control Risks
10.3 Control Communications
4.4 Monitor and Control Project Work
4.5 Perform Integrated Change Control
Who should attend
The Project Management Certificate Program is designed for:
- Project team members, project managers, and managers of project managers who are looking to establish a solid command of project management concepts and techniques
- Experienced project managers who are looking to formalize their project management knowledge and sharpen their current skill sets
- Individuals interested in entering the field of project management
- Individuals whose goal is to take the Project Management Professional (PMP®) Exam offered by the Project Management Institute as part of its standards and credentials programs
MDP975a Managing Your Project and Its Stakeholders or experience developing a project charter, stakeholder register, and communications management plan
MDP976a Planning Project Scope and Schedule or experience using decomposition to develop a work breakdown structure (WBS) and the critical path method (CPM) to develop a project schedule
MDP977a Managing Project Resources, Cost, and Quality or experience developing a human resource plan, a time-phased project budget, a quality management plan, and quality metrics.
What you will achieve
Upon completion of this course, the participant will be able to:
- Describe how project status information supports project monitoring and control.
- Demonstrate how to assess project risks based on probability and impact.
- Develop appropriate risk response strategies to address positive and negative risks.
- Analyze a risk event and determine what impact, if any, it may have on scope, schedule, and cost baselines.
- Explain the difference between scope control and scope validation.
- Analyze work performance data, using the earned value management (EVM) technique, to determine the cause and degree of variance from project baselines.
- Analyze a variance to determine if corrective or preventive action is required and if a change to cost, scope, or schedule baselines is necessary.
- Describe the main features of a configuration management system and explain its importance in project monitoring and control.
- Describe what steps are necessary in a change control procedure in order to ensure that only authorized changes are made to project baselines.
What you will learn
Pre-Course Reading Assignment
- Case study background materials
- Module 1: Overview of Monitoring and Control
- Module 2: Risk Assessment
- Module 3: Controlling the Schedule Baseline
- Module 4: Controlling and Validating Scope
- Module 5: Controlling Cost with Earned Value
- Module 6: Risk Control and Performance Reporting
- Module 7: Effective Change Control