Project Risk Management

Introduction:

This training course will emphasize awareness of project risk management to minimize negative project impacts and improve project execution.

Project management is all about the management of risks; the ability to seize opportunities, minimize threats and to optimize results. However, risk management is too often treated as a reactive process, or worse, not done at all. By better understanding the risks that may affect your projects, and how to effectively manage them, you will be better positioned to successfully deliver your projects on schedule, within budget and with a clear health, safety, and environment record.

In this Project Risk Management training course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The approach is based on a clear understanding of both qualitative and quantitative approaches to risk management.

Course Objectives:

By the end of this training course, participants will be able to:

• Get an overview of the Risk Management Process
• Learn to identify risks that affect project quality, time & schedule, cost, and scope
• Apply useful techniques to identify, analyse, mitigate and monitor risks in the project life cycle
• Learn how to create an effective risk monitoring plan and risk management strategies
• Use a practical, six-step process to manage project risk
• Develop a risk budget based on Expected Monetary Value (EMV)