Project Risk Management Training Course

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Project management is opportunity management and it is the ability to seize opportunities but minimise surprises that can achieve optimum results. Risk management is a proactive tool to do this and get the best results for any project by having the a... Read More

the proactive approach to managing uncertainty – based on a clear understanding of the powerful nature of both qualitative and quantitative approaches to risk management.
the proactive approach to distinguish between risks and issues – based on a clear understanding of project performance reporting
the reactive approach to handling issues and project surprises – based on a clear understanding of defining and managing crisis situations

Project Risk Management gives you the foundation, experience, techniques and tools to manage the various aspects of project risk, project issues and project crisis. This is a course that is based on application with hands-on exercises and a broad array of practical experiences that can immediately be applied to your job.

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The course is broken into the following areas:

Module 1: Introduction to Risk

Defines the characteristics of "risk", “issue” and “crisis”
Tolerances towards risk
Definition of probability (uncertainty) and impact (amount at stake)
Risk and Issue methodology

Module 2: Risk Management Planning and Identifying Risk

Risk management planning
Risk identification
Idea generation tools and techniques
Presenting risk and issue logs

Module 3: Risk Analysis Fundamentals

Risk management planning
Probability and impact analysis
Presenting risk versus presenting issues
Contingency analysis
Decision trees

Module 4: Risk Response Planning

Risk response strategies for opportunities and threats
Workaround and fallback planning
Monitoring and controlling risk
Reassessing risk
Completing the risk register and issue register

Module 5: Reactive Risk Management (Project Surprises)

Managing the reaction towards project surprises
Measuring project surprises
How to deal effectively with surprises

This is an introductory course that is beneficial for those who are new or have just entered project management and want to focus on risk management. It may be of particular benefit to those who have been working in project teams and are now looking to enhance and expand their skill set and specifically improve their reactive and project information management skills

Participants achieve the following learning outcomes from the programme;

Identify best practice project risk and issue management tools and techniques
Identify the difference between risk, issue and crisis management
Understand how to effectively analyse risk in a systematic manner
Look at the best ways of identifying risk even when risk may not be apparent in a project
Report risk and issues to stakeholders with effective documentation
Identify the best way to respond to project opportunities and threats
Differentiate between proactive reactive methods of dealing with ‘no-warning’ project surprises, managing project crisis
Continually monitor the project environment for what could happen to impact on project success

Liam Dillon

Liam Dillon specialises in Project Management and Program Manag...

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Snapshot

Course Code

PM013

Duration

1 training day

Delivery Mode

This programme is delivered by or In-Company training

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