Accredited project management training provider

Project Risk Management Course - Accredited  Provider

Delivery Methods: Classroom, On-site and Online

This course can be taken through any of the following:

Course Overview

How to deliver real improvement in risk management:

Projects, by their very nature, always carry uncertainty (i.e. risk). This training course teaches the practical steps and skills involved in identifying and dealing with the broad range of uncertainty typically found in projects, commonly referred to as project risk management.

Use real projects from your business on the course – it will be tailored to your needs

  • We always offer the chance to use a real (or simulated) project from your business as the basis of the whole course (and discuss your projects from the same perspective, throughout the course).
  • The course will provide you not only with guidance and tips, we will develop the basis of ‘tools’ that you as can use and also develop further for risk identification, which is one of the most challenging aspects of the topic.
  • We will look at all other aspects of risk management around the real world items (projects) as the basis of all practical sessions.

Key learning objectives include:

  • how to improve the identification of risk on your types of projects
  • how to assess and analyse risk
  • how to manage risk and demonstrably increase the likelihood of project success
  • how to develop successful mitigation and contingency plans
  • how to conduct a formal risk assessment and develop your own risk management plan

Duration

1 day course ( or up to 2 days as in-house workshop )

Intended For

Anyone involved in the management of projects

Agenda

Session: Agenda:
Overview
  • What is project risk ? The nature of projects – uncertainty
  • Individual and Corporate attitudes to risk?
  • Why is risk different?
  • Risk -v- estimating uncertainty – why they must be treated separately
  • Principles of effective risk management.
Risk process
  • Overview of the process: why it is structured in this way – benefits of this approach
  • Developing an effective framework
Identification
  • The life-cycle of risk and projects – key events in where it must be measured
  • Types of project risk – broadening the perspective
  • Methods of identification, structured and informal
  • Methods of improving data capture, common issues with the data
  • Distinguishing between:  risk and estimating uncertainty; issues; and outcomes.
Assessment
  • Benefits of assessment before quantitative analysis
  • Assessment methods – choices and options
Quantitative Analysis
  • Analysing and presenting cost, schedule and technical impact
Planning
  • Options open to managing every risk
  • Risk mitigation – what it is and when to apply
  • Contingency planning – what it is and when to apply
  • Integrating risk planning with: project estimating, budgeting and planning and EVM.
Statistical Analysis
  • When to use Monet Carlo and what to use if for
  • How to construct a Monte Carlo data model for project cost or schedule
  • Typical Outputs – using the results productively at key project decisions
Management of process
  • Integration with budgeting; schedules etc
  • Integrating risk data with Earned Value Management
  • Integrating and using key data at project Gates
  • Integrating outputs into plans and forecasts (including resource)
  • Effective measures for managing the overall process – KPIs
Following this course: you will be able to conduct all core aspects of the process

Email for further details on this course.

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