Project Risk Management

General

Program Description

Studies suggest that 90% of project problems can be foreseen through the application of project risk management techniques. Proactively identifying and controlling risk greatly increases the accuracy of the project’s scope, schedule, and budget, as well as reduces the amount of time the team spends putting out fires.

This course focuses on improving the project manager’s risk management expertise, from initial planning through project closure. Participants will apply all course principles to a work-related case study taken directly from their work environment. At course completion, students will be able to identify, analyze, respond to, and control project risks.

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Objectives

  • Develop project risk management plans
  • Identify project scope risks
  • Predict project schedule risks
  • Examine project resource risks
  • Apply quantitative and qualitative risk assessments
  • Plan strategies for negative and positive risks
  • Devise metrics to monitor and control project risks

Who Should Attend

This program is necessary for any level of management, team leaders, NGO directors, CEOs, business owners, and project manager. It also helps consultants, and freelancers.

Modules

Day 1:

Planning risk management

  • Risk components
  • Project risk planning processes
  • Risk management plan elements

Identifying scope risks

  • Sources of scope risk
  • Scope change risks
  • Defining deliverables
  • Bottom-up approach

Day 2:

Identifying schedule risks

  • Sources of schedule risk
  • Activity definition
  • Estimating activity duration
  • Applying estimating techniques
  • Activity sequencing

Identifying resource risks

  • Sources of resource risk
  • Resource planning methods
  • Staff acquisition
  • Cost estimating and cost budgeting
  • Managing project risks

Day 3:

Qualifying and quantifying project risks

  • Quantitative and qualitative risk analysis
  • Risk assessment matrices
  • Quantifying risks using PERT analysis
  • Decision tree analysis

Developing risk response strategies

  • Categories of risk
  • Risk management strategies
  • Risk response planning
  • Contingency planning
  • Risk registers

Monitoring and controlling project risks

  • Implementing response plans
  • Collecting project status
  • Metrics and trend analysis
  • Project reviews and risk reassessment
Last updated Jul 2020

About the School

At CONVERTAS, we organize training courses in all areas of business including Management, HR Management, Marketing, Finance, Procurement and Logistics, targeting organizations, managers and employees. ... Read More

At CONVERTAS, we organize training courses in all areas of business including Management, HR Management, Marketing, Finance, Procurement and Logistics, targeting organizations, managers and employees. Whether in-house or public, training courses are organized with the highest qualified trainers. Read less
Dubai , Abu Dhabi , London , Istanbul , Kuala Lumpur + 4 More Less