Applied Risk Management
Course Delivery Options
In house and Public Program
Next public program session: 2 - 4 May 2017
Do contact us for a proposal for an in house session.
Description
Implementing Project Risk Management is an advanced course in project management. It aims to provide the participants with a deeper understanding of the importance of and techniques of implementing project risk management practices of any project prior to and during execution of projects.
This course aims to provide an avenue for participants to learn how to manage real project risks so that projects may be undertaken in a structured manner to enable them to be implemented effectively. It covers all key areas for projects to be completed successfully and participants attending the course will receive 21 PMI approved PDUs.
Course Objectives
- Define fundamental approaches to project risk management;
- Identify project risk characteristics and risk elements that have to be considered;
- List categories and sources of risks;
- Recognize the difference between known and unknown risks;
- Plan for project risk management;
- Develop a risk register and risk response plan;
- Recognize the significance of assumptions in projects;
- Undertake qualitative and quantitative risk analysis;
- Evaluate risk probability and impacts;
- Develop an appropriate project risk response;
- Undertake monitoring and controlling of project risks.
Program Outline
Day 1
|
Time |
Activity |
|
9.00 |
Introduction and Overview |
|
9.05 |
Pre Test for Implementing Project Risk Management |
|
9.15 |
Introduction to Project Risk Management |
|
9.45 |
Overview on the duality of project risks |
|
10.30 |
TEA BREAK |
|
10.45 |
Key steps in Project Risk Management
|
|
13.00 |
LUNCH |
|
14.00 |
Planning Project Risk Management
|
|
15.30 |
TEA BREAK |
|
15.45 |
Applications Lab for the day based on planning for risks for the case study developed for the client |
|
16.45 |
Overview of project management planning |
|
17.00 |
Question and answer and wrap up for Day 1 |
Day 2
|
Time |
Activity |
|
9.00 |
Recap of previous day’s session |
|
9.15 |
Risk Identification and Qualitative Risk Analysis |
|
9.30 |
Risk Identification Tools |
|
10.30 |
TEA BREAK |
|
10.45 |
Differentiating Project Risks and Project’s Risk |
|
11.30 |
Differentiating cause, events and impacts of risks |
|
12.00 |
Determining Risk Probabilities and Risk Impacts |
|
13.00 |
LUNCH |
|
14.00 |
Performing Quantitative Risk Analysis |
|
14.40 |
Decision trees |
|
15.00 |
Expected Monetary Value Analysis |
|
15.30 |
TEA BREAK |
|
15.45 |
Applications Lab for the day based on case study developed for the client |
|
17.00 |
Question and answer and wrap up |
Day 3
|
Time |
Activity |
|
9.00 |
Recap of previous day’s session |
|
9.15 |
Overview on Risk Response Planning and Risk Monitoring and Control |
|
9.45 |
Residual and Secondary Risk Considerations |
|
10.15 |
Mitigation and Contingency Risk Response Strategies |
|
10.30 |
TEA BREAK |
|
9.45 |
Types of Risk Response Strategies for Negative Risks |
|
11.15 |
Types of Risk Response Strategies for Positive Risks |
|
13.00 |
LUNCH |
|
14.00 |
Differentiating monitoring and controlling project risks |
|
14.30 |
Techniques for monitoring project risks |
|
15.00 |
Techniques for controlling project risks |
|
15.30 |
TEA BREAK |
|
15.45 |
Applications Lab for the day based on case study developed for the client |
|
16.45 |
Post Test |
|
17.00 |
Question and answer and wrap up |
Key Features
- HRDF SBL Approved
- Student Workbook, Process charts & other tools and materials provided
- Participants earn 21 PDUs in attending the session
- Conducted by a Certified Training Professional with vast experience
Selected Past Clients
 |
 |
 |
 |
 |
 |
 |
 |
