Understanding and Dealing with Project Uncertainty

Uncertainty, whether it is a risk that will hurt your project or an opportunity that makes your job easier, is everywhere. Often it is hidden, and sneaks up on you when you least expect it.

This course is a practical view of what project managers and their teams must do to identify and manage uncertainty. It includes assessing possible risks and opportunities, their impact, and their complexity. It also discusses numerous forms of mitigation and political challenges. 

This course includes numerous scenario-based knowledge checks to evaluate what the student has learned and includes detailed responses that help the student gain practical application.  This course is interactive and uses various methods to engage students.

Learning Objectives

  • Techniques for identifying risks
  • Techniques for identifying opportunities
  • Understanding the basic rules of statistics and how it relates to uncertainty 
  • How mitigation, exploitation, and contingency are addressed


We offer a variety of formats including on-demand, blended and instructor led.  This course is the blended version combining on-demand and virtual coaching for a very effective and interactive learning experience.

  • Session 1 Definition and Understanding Risk and Opportunities
  • Session 2  Identification and Impact
  • Session 3 Compounding Risk
  • Session 4 Mitigation, Exploitation, Contingency, and Politics

Required Texts

Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project, by Tom Kendrick

Rescue the Problem Project, by Todd C. Williams

Assets and Templates

  • Risk-Opportunity Register
  • Risk-Opportunity Assessment Tool
  • Risk Probability Tool
  • Assumption Log

Estimated Course Length

18-22 hours

Recommended Products

PMP Practice Exams

Studying for your PMP?

This exam simulation course is formatted to help prepare you for the PMP exam based on the January 2021 Exam Content Outline and the PMBOK 6th Edition.  

Popular Workbooks

We offer two workbooks to provide thoughtful exercises and tips around key project management topics.

Project Risk Board Game

Project Risk Board Game

  • Learn about Project Risk in this Interactive Game
  • Great for team events and students of project management
  • Learning Aide for Trainers
  • Teach Project Risk Management

Find out More

Contact Us

Want to chat with us about a workshop for your team or learn more about any of our services?

Our Customers

Don’t take if from us, listen to what our customers are saying…

Hear From Our Customers

I want to thank you again for putting together an excellent workshop.  I have taken several courses on PM and I have to say, without a doubt, I left this one with more take-a-ways that are applicable to my work in product development than any other… After 40 years of managing projects of various sizes, I think I am finally able to transition from a dominating “seat of the pants” approach to an approach that is much more disciplined.  Never too late, I guess.

Eugene G. McNurlen, P.E.Project ManagerApplied Engineering Systems Trane