PROJECT RISK MANAGEMENT
Strengthen Project Management Through Forward Planning for Threats and Opportunities
Duration: 3 Days | 24 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:
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Explain project risk-related concepts, terms, and principles
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Use a proven and practical risk management framework aligned to the PMI
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Practice Standard for Project Risk Management
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Describe how to manage project risk throughout project life cycle by assessing and identifying risks, mitigating threats and capitalizing on opportunities
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Plan contingency strategies, devise fallback plans, identify triggers or early warning signs
Monitor and report on risk status, perform risk re-assessment and audits
