Project Risk Management

  • Overview
  • Objectives
  • Course Content
  • Methodology

Project Risk Management is a set of management techniques aimed at ensuring that actual and planned project outcomes coincide, or better. As such, project risk management is practiced by the great majority of project planners, project managers and their staff. Risk management is embedded in nearly every facet of planning and implementing a project.

This program will provide delegates with a reliable, comprehensive and consistent standard for project management practitioners and other stakeholders, which defines the aspects of Project Risk Management.

 

  • Understand what is project risk management
  • Learn how to create and develop project risk management plans
  • Describe the critical success factors for identifying risks process
  • Explore the tools and techniques in performing qualitative risk analysis
  • Identify the purpose and objectives of performing quantitative risk analysis process
  • Learn how to document the results of the quantitative and qualitative risk analysis
  • Understand risk response strategies
  • Learn how to apply risk response strategies to overall project risk
  • Analyze the techniques in monitor and controlling risks

Below is an example of the course content. The content can be ‘tailored’ to meet the exact requirements of the client.

 

Day One

Principles and concepts

·         Definition of project risk

·         Individual risks and overall project risk

·         Stakeholder risk attitudes

·         Iterative process

·         Communication

Responsibility for project risk management

·         Project manager’s role for project risk management

·         Project risk management and project management

·         Project risk management processes

Plan risk management

·         Purpose and objectives

·         Critical success factors

·         Tools and techniques

·         Documenting the results

Identify risks

·         Purpose and objectives

·         Critical success factors to identify risks process

·         Tools and techniques

·         Documenting the results

 

Day Two

Perform qualitative risk analysis

·         Purpose and objectives

·         Critical success factors

·         Tools and techniques

Perform quantitative risk analysis

·         Purpose and objectives of performing quantitative risk analysis process

·         Critical success factors

·         Tools and techniques

·         Documenting the results of the perform quantitative risk analysis

Plan risk responses

·         Purpose and objectives

·         Critical success factors

·         Ensure appropriate, timely, effective, and agreed-upon responses

·         Address both threats and opportunities

·         Develop strategies before tactical responses

 

Day Three

Risk response strategies

·         Avoid, transfer, mitigate, accept,

·         Applying risk response strategies to overall project risk

·         Tools and techniques for the plan risk responses process

·         Response identification, response selection, action planning

·         Ownership and responsibility assignment

·         Documenting the results of the plan risk responses

Monitor and control risks

·         Purpose and objectives

·         Critical success factors

·         Tools and techniques

·         Documenting the results

 

 

The foundation of our training is anchored in activity-based experiential learning. This methodology takes into consideration different learning and communication styles, and more importantly language and cultural differences. It is through active participation that the adoption and application of theory is expedited. Our training team pays careful attention to planning and designing effective instructional methods essential for the transfer of knowledge. It is the creative skill of our management trainers and consultants that reveal untapped skills of the delegates through:

  • Group discussion
  • Individual and syndicate activities
  • Individual and group tasks
  • Case studies
  • Role plays
  • Audio and video evaluation
  • Action planning
  • Experiential learning games
  • Presentations
  • Assessments

 

 

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