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Project Risk Management
Course Overview:
Project management is all about the management of risks; the ability to seize opportunities, minimize threats, and optimize results. However, risk management is too often treated as a reactive process, or worse, not done at all. In this Project Risk Management course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The approach is based on a clear understanding of both qualitative and quantitative approaches to risk management.
Sometimes, serious risks may appear in the least expected places. Despite years of experience, these risks may slip out of the mind of experienced managers or supervisors. This course will raise awareness of risk management needed in any project.
Course Objective:
Participants attending the programme will digest the following:
- Identifying probable risks
- Creating a good and efficient action plan
- Complying with normal safety standards
- Minimizing and eliminating any expected risks
- Consistently executing successful projects
Who Should Attend?
- Project managers
- Project Professionals
- Functional managers
- Business leaders
- Mid-level manager
- Project managers who need to learn the critical leadership skills
Course Content:
Day 1
- Overview of project management
- Project life cycle
- Project management processes
- Project roles and organization structure
- Project management process and knowledge areas
- Introduction to risk management
Day 2
- Risk Management System
- Decision Trees
- Risk Prioritization
- Benefits of Project Risk Analysis and Management
- Sources of risk
- Risk as an opportunity
Day 3
- Value management & risk
- Behavioral and cultural factors
- Environment & stakeholders
- Compiling the Risk Management Plan
- Risk identification and risk assessment
- Quantitative methods for risk assessment
Day 4
- Planned responses to risk
- Risk registers & their operation
- Risk ownership
- Quality & quality management
- Scheduling, planning & work definition
Day 5
- Plan and perform mitigation actions
- Tracking risks
- Risk Documentation
- Compliance verification prior to deadline
- Client communications and feedback analysis
Course Summary & Conclusion