Why Attend
The overall aim of this program is to enable participants to plan, manage and control project risks. Moreover, participants will be able to develop project risk management plan and identify project risks related to the project triple constraints; i.e.: scope, schedule and resources. The program also aims at assisting participants in qualifying and quantifying project risks and developing appropriate risk responses. In line with the above; participants will also design and calculate key performance indicators for monitoring and controlling project risks.
Course Methodology
The program uses a mix of interactive techniques, such as brief presentations by the consultant and the participants and group exercises. The program also includes calculations and analysis of real case studies related to project risk management.
Course Objectives
By the end of the course, participants will be able to:
- Develop project risk management plan
- Identify and predict project risks related to scope, schedule and resources.
- Apply quantitative and qualitative risk assessments
- Plan strategies for negative and positive risks
- Devise metrics to monitor and control project risks
Target Audience
The target audience includes: project risk managers, risk owners, project managers, members of project office, project sponsors, functional managers, senior management and individuals interested in project risk management. This program is worth 30 PDUs.
Target Competencies
- planning risks
- identifying risks
- assessing risks
- evaluating responses
- monitoring risks
- reviewing risks
Course Outline
- Planning risk management
- Risk components
- Project selection
- Risk preferences
- Project risk planning processes
- Risk management plan elements
- Identifying Project risks
- Identifying scope risks
- Identifying schedule risks
- Identifying resources risks
- Managing project risks
- Qualifying and quantifying project risks
- Quantitative and qualitative risk analysis
- Risk probability
- Risk impact
- Qualitative risk assessment
- Quantitative risk assessment
- Risk assessment matrices
- Quantifying risks using PERT analysis
- Common continuous risk distributions
- Expected monetary value (EMV) 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
