Search

MANAGING PROJECT RISK

Duration: 2 Days | 16 Contact Hours | Code: MGPR

UPCOMING CLASS

  • 10 & 11 October 2024

REGISTER NOW

SINGAPORE
MALAYSIA

TRAINING MODE

In-Person/F2F

PROGRAMMES CATEGORY

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.

Overview and Risk Management Fundamentals
  • Probability and Impact Matrix
  • Perform Qualitative Analysis and risk prioritization
  • Perform Quantitative Analysis tools and techniques
  • Strategies for Threats
  • Strategies for Opportunities
  • Contingency response strategies
  • Risk reassessment and audits
  • Warnings and triggers
  • Reserve analysis
  • Lesson Learned

At the end of this interactive and hands-on 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
  • project managers, managers,
  • supervisors, senior engineers
  • engineers, team members
  • any other project stakeholders seeking to implement consistent, well-balanced risk management programs in a cost-effective manner, using proven industry techniques

This course qualifies for 16 Contact Hours of formal project management education, satisfying the Project Management Institute PMI-RMP Exam requirement, and 16 Professional Development Units (PDUs) for PMP credential holders under Project Management Institute (PMI) Continuing Certification Requirements (CCR) program Category A.1

training grants

Funding support for training courses. Terms and conditions apply.

Training mode: In-Person/F2F

HRDCorp Training provider and claimable logo
HRDCorp Claimable Course

HRD Corp Claimable Courses is a dedicated programme designed to assist employers in retraining and upskilling their employees in line with their operational and business requirements.This course is fall under category Employer-Specific-Courses.