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Project Risk management

ABOUT

One of the most important areas of project management and one that manages to frustrate and often times confuse project participants is Risk Management. Even though poor risk management is one of the most important reasons for project failures or project delays, still it rarely gets the attention and time it deserves.

Our seminar will teach you a step-by step methodology for identifying and analyzing risks as well as the strategies you can use in a project environment to mitigate the severity and impact of negative events while seizing the opportunities that might occur. Applying a detailed risk management process to your project allows you to deal with any uncertain project event in a proactive manner. It is obvious then, that the benefits of risk management in projects are huge. Risk management lets you ensure that negative unforeseen events will not adversely affect the project while at the same time allowing you to take advantage of positive events, possibly saving or even gaining a lot of money.

Risk management help you deliver your project on time, on budget and with the quality results your project sponsor demands. Furthermore, the application of sound risk management techniques strengthens the performance of project team members, since they tend to be more productive if they don’t have to “put out fires” all the time due to poor risk identification and much happier if they don’t need to repair failures or address issues that could have been prevented.

It can also cover the maintenance PDU requirements for the CAPM and PMP Certifications.

 

WHO SHOULD ATTEND

Anyone working with project teams, project managers, high level executives, managers in virtually any business function, project leaders, team leaders, businessmen, small business owners as well as anyone who wishes to further develop their project management skills with solid knowledge of risk management. The tools and techniques that you will learn can be applied immediately at your work signaling the beginning of a profound and positive change in the way you approach project risk management. The duration of the seminar is 8 hours.

 

COURSE OUTLINE

 

Risk Management Planning

  • Uncertainty, Risk and Opportunity
  • What is risk management planning it and how to do it properly
  • Objectives of risk management planning
  • Steps for risk management planning

 

Risk Identification

  • How to identify risk
  • Types of risk
  • Risk tolerance
  • Risk Factors
  • Risk Register

 

Qualitative Risk Analysis

  • Objectives of risk qualification
  • How to do it
  • Probability and impact scales
  • How to determine what risks move forward
  • Risk ranking and risk score
  • Apply it in a case study
  • Steps for risk qualification

 

Quantitative Risk Analysis

  • Expected Monetary value
  • Monte Carlo
  • Steps for risk quantification
  • Decision trees
  • Probability Analysis

 

Risk Response Planning

  • Preventing risks
  • Dealing with risks
  • Risk Metrics
  • Strategies to deal with negative events
  • Strategies to take advantage of positive events
  • Contingency reserves
  • Fallback plans
  • Risk owners
  • Residual risks
  • Secondary risks
  • Time and cost reserves
  • Risk response plans

 

Risk Monitoring and Control

  • How to perform it throughout the project
  • Workarounds
  • Managing the reserves
  • Controlling the overall risk of the project

 

Managing risk in different project areas

  • Managing Project Scope risk
  • Managing schedule risk
  • Managing Resource Risk

 

Dealing with risks in contracts

  • Contract strategy considerations
  • Types of contracts and risk
  • Different contract risk implications

 

Managing Project Environment Risks

  • Project Environment and Risk
  • Risk and Safety
  • Sources of project environment risk

 

PRICE

$ 320 per participant

This page is also available in: Greek