Estimating and Risk Management Training in Toronto, Canada

Enroll in or hire us to teach our Estimating and Risk Management class in Toronto, Canada by calling us @303.377.6176. Like all HSG classes, Estimating and Risk Management may be offered either onsite or via instructor led virtual training. Consider looking at our public training schedule to see if it is scheduled: Public Training Classes
Provided there are enough attendees, Estimating and Risk Management may be taught at one of our local training facilities.
We offer private customized training for groups of 3 or more attendees.

Course Description

Software projects present their own unique set of characteristics and concerns, including development costs, speed of completion, quality and reliability. Mastering best practices estimation and risk management techniques is critical if one expects to deliver projects on time and within budget. This workshop not only helps students become more proficient at estimating the parameters of a projectâ??s time, cost and performance, but demonstrates the most effective methods of identifying and quantifying risks as well. PDUs = 16.
Course Length: 2 Days
Course Tuition: $790 (US)



Course Outline


1. Definitions and Concepts


Reasons for Estimating a Project

Accuracy in Estimating

Obstacles to Good Estimating

Enabling Good Estimating

Approaches to Estimating

Metrics Used in Estimating

Techniques Used in Estimating

2. Project Sizing

Project Sizing

Direct Comparison Models

Rayleigh Model

Life Cycle Resource Distribution

Function Point and Delphi Technique

3. Estimating Costs

Estimating Costs

4. Estimating Effort

Estimating Effort

Parametric Models

Function Point Estimating

Function Point Estimating Process Steps

What Do You Count in Function Point Estimating

Function Point Estimating Information

General System Characteristics

Task Based Estimating

Estimating Task Effort

Resource Profiling

5. Estimating Duration

Estimating Duration

Effort Conversion

Statistical Analysisof Project Length

Weighted Average Results

Beta and Normal Distributions

Normal Distribution and Standard Deviation

Calculating Expected Time for the Project

Using a Z Table to Calculate Probability Answer

How Long Should the Project Be

When Should You Use this Technique

6. Risk Management

Dealing with Risk

Risk Measurement

Risk Impact

Risk During Project Life Cycle

Psychology of Risk

Project Risk Management Processes

Risk Management Planning Definition

Risk Management Plan

7. Risk Identification

Risk Identification Definition

Effect on Project Success Factors

Project Success Factor Chart

Structuring by Project Management

Knowledge Areas

Structuring by Category

Risk Influencing Factors

Documentation Review

Historical Information

Other Information Gathering Techniques

8. Qualitative Risk Analysis


Example Table from the PMBOK


9. Quantitative Risk Analysis




10. Risk Response Planning

Risk Definition



11. Risk Monitoring and Control


Assessing Success

Tools and Techniques

Recognizing New Risks


Success Factors

12. Infrastructure

To Improve Estimating Success

13. Summary and Conclusion

To Develop Good Estimates

To Effectively Manage Risks

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