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

  • Risk Planning;
  • Risk Identification;
  • Risk Analysis;
  • Developing Risk Response; and
  • Monitoring and Controlling Project Risk.

13.00

LUNCH

14.00

Planning Project Risk Management

  • Risk Register;
  • Risk Breakdown Structure; and
  • Probability and Impact Matrix.

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

 

 

Contact Address

Sharma Management International

16-4, Subang Business Center

Jalan USJ 9/5T

47500, Selangor Darul Ehsan

Phone: +603.5612.6230

Fax: +603.5612.6230

Email: contact@sharma.com.my

About Sharma Management International

Sharma Management International is a bottom line performance focused solutions provider. We offer professional certification courses, conduct organizational level diagnostics, undertake customized training programs and provide consulting services on issues that affect bottom line performance..