Estimating and Risk Management

Software projects present their own unique set of characteristics and concerns, including development costs, speed of completion, quality and reliability. Mastering best practices for estimation and risk management techniques is critical if one expects to deliver projects on time and within budget. This Estimating and Risk Management training not only helps students become more proficient at estimating the parameters of a project's time, cost and performance, but also demonstrates the most effective methods of identifying and quantifying risks.

Registered Education Provider (R.E.P.)

Webucator is a Registered Education Provider (R.E.P.) approved by PMI® to issue professional development units (PDUs) for its project management training courses.

Location

Public Classes: Delivered live online via WebEx and guaranteed to run . Join from anywhere!

Private Classes: Delivered at your offices , or any other location of your choice.

Goals
  1. Learn basic Project estimating concepts
  2. Learn to use models to size Projects
  3. Learn to estimate costs and effort
  4. Learn to estimate effort using multiple models
  5. Learn to estimate duration
  6. Learn to calculate expected time for the project
  7. Learn to measure risk and determine its impact
  8. Learn to structure and categorize risk
  9. Learn to use qualitative and quantitative risk analysis
  10. Learn techniques for Risk Response planning
  11. Learn to monitor and control risk
  12. Learn to improve estimating success
Outline
  1. Definitions and Concepts
    1. Estimating
    2. Reasons for Estimating a Project
    3. Accuracy in Estimating
    4. Obstacles to Good Estimating
    5. Enabling Good Estimating
    6. Approaches to Estimating
    7. Metrics Used in Estimating
    8. Techniques Used in Estimating & Problem Definition
  2. Project Sizing
    1. Project Sizing
    2. Direct Comparison
    3. Models
    4. Rayleigh Model
    5. Life Cycle Resource Distribution
    6. Function Point and Delphi Technique
  3. Estimating Costs
    1. Estimating Costs
  4. Estimating Effort
    1. Estimating Effort
    2. Parametric Models
    3. Function Point Estimating
    4. Function Point Estimating Process Steps
    5. What Do You Count in Function Point Estimating
    6. Function Point Estimating Information
    7. General System Characteristics
    8. Task Based Estimating
    9. Estimating Task Effort
    10. Resource Profiling
  5. Estimating Duration
    1. Effort Conversion
    2. Statistical Analysis of Project Length
    3. Weighted Average Results
    4. Beta and Normal Distributions
    5. Normal Distribution and Standard Deviation
    6. Calculating Expected Time for the Project
    7. Using a Z Table to Calculate Probability Answer
    8. How Long Should the Project Be
    9. When Should You Use this Technique
  6. Risk Management
    1. Dealing with Risk
    2. Risk Measurement
    3. Risk Impact
    4. Risk During Project Life Cycle
    5. Psychology of Risk
    6. Project Risk Management Processes
    7. Risk Management Planning Definition
    8. Risk Management Plan
  7. Risk Identification
    1. Risk Identification Definition
    2. Effect on Project Success Factors
    3. Project Success Factor Chart
    4. Structuring by Project Management Knowledge Areas
    5. Structuring by Category
    6. Risk Influencing Factors
    7. Documentation Review
    8. Historical Information
    9. Other Information Gathering Techniques
  8. Qualitative Risk Analysis
    1. Definition
    2. Example Table from the PMBOK
    3. Outputs
  9. Quantitative Risk Analysis
    1. Definition
    2. Techniques
    3. Outputs
  10. Risk Response Planning
    1. Risk Definition
    2. Techniques
    3. Outputs
  11. Risk Monitoring and Control
    1. Definition
    2. Assessing Success
    3. Tools and Techniques
    4. Recognizing New Risks
    5. Outputs
    6. Success Factors
  12. Infrastructure
    1. To Improve Estimating Success
  13. Summary and Conclusion
    1. To Develop Good Estimates
    2. To Effectively Manage Risks
Professional Development Units

12 PMI® PDUs

Webucator is a Registered Education Provider approved by PMI® to issue 12 professional development units for the successful completion of this course.

Class Materials

Each student in our Live Online and our Onsite classes receives a comprehensive set of materials, including course notes and all the class examples.

Training for Yourself

$1,150.00 or 2 vouchers

Upcoming Live Online Classes

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Training for your Team

Length: 2 Days
  • Private Class for your Team
  • Online or On-location
  • Customizable
  • Expert Instructors

What people say about our training

This is the second Webucator class I've taken and I continue to be impressed with the quality of the instruction and ease of use of the interface.
Milos Radosavljevic
Silicon Labs
Webucator is a great forum for learning a new tool. I found the instructors very knowledgeable and helpful.
Deborah Clary
Clear Channel Communications
The quality of training I received was outstanding. The instructor did an excellent job. It is because of instructors like this that I look to Webucator for software training first over other vendors.
Anthony Tasillo
Texas A&M Engineering Extension Service
One of the best online courses I have ever taken. Interesting, fun and informational!
Andee Gavin
LMGW Certified Public Accountants

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Registered Education Provider (R.E.P.)

GSA schedule pricing

62,921

Students who have taken Instructor-led Training

11,864

Organizations who trust Webucator for their Instructor-led training needs

100%

Satisfaction guarantee and retake option

8.61

Students rated our Estimating and Risk Management trainers 8.61 out of 10 based on 8 reviews

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