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MANAGING PROJECT RISK

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

UPCOMING CLASS

  • Available upon request

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SINGAPORE
MALAYSIA

TRAINING MODE

In-Person/F2F

PROGRAMMES CATEGORY

WHAT'S IN IT FOR YOU?

  • 2 days of practical Project Management Risk training
  • Certificate of Completion from EPM Training and Statement of Attainment (SOA) from SSG
  • In-house developed supplementary training materials
  • Post-training email supports and online chats by our facilitators

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

There is no pre-requisites for MGPR training.

To successfully complete the SSG-funded Managing Project Risk course, you must fulfil the following requirements:

  1. Class Attendance
    • You are required to achieve at least 75% attendance for the entire duration of the course.
  2. Active Participation
    • You must actively engage in the learning activities, which are not limited to group discussions, case studies, quizzes or exercises during the course.
  3. Assessment Criteria
    • You must PASS all the required WSQ assessments.
  4. Post-Course Evaluation & SSG – TRAQOM Survey Submission
    • Your feedback helps us continuously improve our programs. Upon course completion, you will be asked to complete a Post-Course Evaluation and the SSG-TRAQOM survey.
  5. Adherence to SSG Policies
    • You must adhere to all SSG policies and maintaining professional conduct during the course.
  6. Issuance of Certificate
    • Upon meeting all the above requirements, you will receive EPM – Certificate of Completion and SSG – Statement of Attainment (SOA).

If you wish to find out more about the available Career Pathway based on the skills acquired, you may visit the links below OR consult anyone of us for details:

Skills and Competencies

Each of the job roles identified are accompanied by a list of skills and competencies under two broad categories:

  • Technical Skills and Competencies, which comprises of occupation/job-specific knowledge, skills and abilities that a person needs to have to perform the various tasks.
  • Critical Core Skills (CCS), as identified for each job. CCSs are employability/transferable skills and competencies.
  • Visit https://www.skillsfuture.gov.sg/initiatives/mid-career/criticalcoreskills to know more.

training grants

SSG-Approved Course Title: Managing Project Risk
SSG Course Reference Number: TGS-2021003024
SSG Funding Validity: 7 Mar 2021 until 6 Mar 2027

ITBA_CourseFee - SSGFundingBreakdown

PSEA:

  • Payable course fee can be paid through Skillsfuture Credit or PSEA Account. 

Self-sponsored:

  • All Singaporeans aged 25 and above can use their SkillsFuture Credit from the government to pay for a wide range of approved skills-related courses. Visit the SkillsFuture Credit website (www.skillsfuture.sg/credit) to choose from the courses available on the Training Exchange course directory. 

SkillsFuture Course Fee Funding:
The revisions to course fee funding, applicable to all SSG-funded courses commencing on or after 1 Jan 2022, are as follows:

  • Baseline course fee subsides will be simplified and streamlined across PMET and non-PMET courses, up to 50% of course fees for certifiable courses approved by SSG.
  • Enterprises that qualify for SSG’s enhanced subsidy schemes (SkillsFuture Mid-career Enhanced Subsidy and Enhanced Training Support for Small and Medium Enterprises (SMEs)) will receive an enhanced subsidy of up to 20%-points above the baseline course fee subsidies. 

Absentee Payroll Funding:

  • With effect from 1 Jan 2022, SSG will introduce a fixed Absentee Payroll (AP) rate at $4.50 per hour. We will also set a $100,000 cap on the maximum AP funding each organisation can claim each calendar year to ensure that the benefits are more evenly distributed across companies.
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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.

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