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

    • Definefundamental approaches to project risk management;
    • Identifyproject risk characteristics and risk elements that have to be considered;
    • Listcategories and sources of risks;
    • Recognizethe difference between known and unknown risks;
    • Planfor project risk management;
    • Developa risk register and risk response plan;
    • Recognizethe significance of assumptions in projects;
    • Undertakequalitative and quantitative risk analysis;
    • Evaluaterisk probability and impacts;
    • Developan appropriate project risk response;
    • Undertakemonitoring 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 PDUsin attending the session
    • Conducted by a Certified Training Professional with vast experience

     

    Selected Past Clients

     

     

  • Course Delivery Options

    In house 

    Do contact us for a proposal for an in house session. 

     

    Description

    The course aims to provide the participants with a deeper understanding of the importance of and techniques of risk management practices when applied within the context of project management.

    This course aims to provide an avenue for participants to learn how to manage risks normally encountered in projects in a proactive manner so that projects are managed in a structured manner with minimal interruptions and costly errors.

     

    Terminal Objective

    The terminal objective of this program is that the participants will be able to independently identify, analyze and integrate risk response plans for projects undertaken. Essentially they will be able to implement risk plans effectively to ensure that project objectives are met.

    At the end of the program the participants will be able to:

     

    1. Recognizethe types of risks pertaining to managing projects
    2. Listthe impacts to project schedules, cost and quality as a result of risks faced
    3. Identifyrisk categories for infrastructure and asset management based projects
    4. Assessrisks faced in managing infrastructure and asset management based projects
    5. Planfor risk management in projects
    6. Developa risk register and risk response plan
    7. Evaluaterisk probability and impacts
    8. Strategizeactions to be taken to address risks identified
    9. Monitorrisk response planned to ensure they are undertaken as planned

     

    Key Features

    • HRDF SBL Claimable
    • Sample templates for Project Risk Identification Checklist
    • Sample templates for Project Risk Register
    • Sample templates for Project Risk Analysis Matrix
    • Certification of attendance
    • Post training report
    • Pre and post test

     

    Course Framework

     

    DAY 1

    Time

    Activity

    9.00

    Introduction and Overview

    9.05

    Pre Test for Project Risk Management

    9.15

    Introduction to Project Risks Management

    9.45

    Planning for Risk Management

    10.30

    TEA BREAK

    10.45

    Group based activity:

    Risk Planning exercise using

    Risk Planning Tools

    13.00

    LUNCH

    14.00

    Identifying risks in projects

     

    Types of risks categories

     

    Tools and techniques for risk identification

    15.30

    TEA BREAK

    15.45

    Group based activity:

    Risk Identification exercise

    using Risk Register provided

    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

    Overview on Risk Assessment

    9.30

    Risk Analysis Tools and Techniques

    10.30

    TEA BREAK

    9.45

    Group based activity:

    Risk Analysis exercise using

    Risk Analysis tools provided

    13.00

    LUNCH

    14.00

    Overview on planning for risk response

    14.30

    Options for managing risks

    15.00

    Techniques for controlling risks

    15.30

    TEA BREAK

     

    Group based activity:

    Developing options for managing risk 

    using Risk Response Strategies

    17.00

    Question and answer and wrap up

     

    Selected Past Clients

     
     

     

     

     

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