PROJECT RISK MANAGEMENT

Strengthen Project Management Through Forward Planning for Threats and Opportunities

Duration: 3 Days | 23 Contact Hours | Code: RTMP

ABOUT THE PROGRAM
Strengthen Project Management Through Forward Planning for Threats and Opportunities

Managers are often under pressure to deliver projects on accelerated schedules, and to incorporate new technologies and innovations to stay ahead of the competition. These pressures and uncertainties result in adding risk to projects, which is one reason that qualified risk management professionals are now valuable members of project teams.

The Project Risk Management program introduces a well-proven and practical framework for project risk management, all aligned with the Project Management Institute's (PMI) global standard 'Practice Standard for Project Risk Management’.

Combined with subject matter discussions, participants will be organized in simulated project teams to work on real life case studies. Over a series of workshop exercises, the teams will apply a set of practical tools and techniques to develop complete risk management planning deliverables. Participants will be empowered with a set of risk management tools, techniques, and practical skills to immediately contribute to their crucial projects on site and back at the office.

Program Outline

Overview and risk fundamentals

Plan Risk Management

Identify Risks

Risk Analysis
Probability and Impact Matrix
Perform Qualitative Analysis and risk prioritization
Perform Quantitative Analysis tools and techniques

Plan Risk Responses
Strategies for Threats
Strategies for Opportunities
Contingency response strategies

Risk Monitoring and Control
Risk reassessment and audits
Warnings and triggers
Reserves analysis

Project Closeout
Lessons Learned

Who Should Participate

This course is most suitable for senior managers, project managers, team leaders, and any other project stakeholders seeking to implement consistent, well-balanced risk management programs in a cost-effective manner, using proven industry techniques.

Learning Objectives

At the end of this action-based workshop, participants will be able to:

  • Explain project risk-related concepts, terms, and principles

  • Use a proven and practical risk management framework aligned to the PMI

  • Practice Standard for Project Risk Management

  • Describe how to manage project risk throughout project life cycle by assessing and identifying risks, mitigating threats and capitalizing on opportunities

  • Plan contingency strategies, devise fallback plans, identify triggers or early warning signs

    Monitor and report on risk status, perform risk re-assessment and audits

Credits

This course qualifies for 23 Contact Hours of formal project management education, which can be used towards the Project Management Institute PMI-RMP, CAPM, or PMP Exam requirements.

Train with ePM and you’re in good company

OUR TRAINERS

Our trainers have many years of project management, leadership and training experience. All have used the processes, tools, techniques and good practices outlined in the Project Management Institute PMBOK® Guide and are able to relate this knowledge to the running of successful projects in industry.

THE COURSE MATERIAL

Our group exercises and exam practice questions have been developed over many years following Instructional Design techniques. All materials are regularly updated based on participant feedback and current industry good practices.

THE TRAINING WORKSHOP

Our workshops are conducted in a group environment where participants are encouraged to participate in individual and team activities to promote learning, build team morale and reinforce understanding of concepts.

TRAINING GRANTS

Funding support for training courses. Terms and conditions apply.

The CITREP II Expanded
Funding

Singapore

The trainee or the organization can claim up to 70% of the nett payable course and certifications/ assessment fees (up to a maximum of $3,500 per trainee).

Productivity & Innovation Credit (PIC) Scheme

Singapore

Under the PIC Grant for the Training of Employees, you can get 60% Cash Payout or 400% Tax Rebate on the total training amount spent by the Company, whether they are local or foreign employees.

Skim Bantuan Latihan (SBL) Scheme

Malaysia

The HRDF–SBL Scheme supports up to 100% of the course and exam fees, capped at RM1,300 per day for Company-sponsored trainees. Prior approvals must be obtained from HRDF.