Objectives

The training seminar is designed to provide practicing project managers, program managers, technical leaders and owner/sponsors with the skills and knowledge to successfully manage risk throughout the project cycle. As such, delegates will:

• Get an overview of the Risk Management Process
• Learn to identify risks that affect project quality, time & schedule, cost and scope
• Apply useful techniques to identify, analyze, mitigate and monitor risks in the project life cycle
• Learn how to create an effective risk monitoring plan and risk management strategies
• Use a practical, six-step process to manage project risk
• Develop a risk budget based on Expected Monetary Value (EMV)

Who Should Attend?

• This training course is intended for individuals who want to develop and refine their project risk management skills
• Professionals, no matter what your industry background are (i.e. engineering, information technology or business), this training course will cover both the fundamental principles and modern techniques of project risk management

Seminar Outline

Risk Management Framework and Planning

• Key definitions
• Project Management Body of Knowledge (PMBOK) - 6 risk management processes
• Purpose & benefits of risk
• Responsibilities in risk management
• Integrating risk management into the project management process
• Overview of six steps of risk management 


• Plan the approach to risk management
• Planning inputs, tools & outputs

Risk Identification Processes

• Project Context & Stakeholders
• Project Estimating Techniques
• Defining Scope via Work Breakdown Structure (WBS)
• Identification inputs & tools


• Risk identification techniques & categories
• Risk identification outputs

Risk Assessment and Quantification Processes

• Schedule diagramming - critical path method (CPM)

• Resource management

• Risk analysis approaches - qualitative & quantitative
• Bow-tie Semi Quantitative Analysis Tool.

• Program Evaluation & Review Technique (PERT)

• Introduction to Monte Carlo

Risk Response Plan Development

• Decision trees
• Risk prioritisation
• Risk response strategy guidelines

• Response strategies for threats & opportunities
• Response planning & analysis
• Response and Expected Monetary Value

• Alternative responses

• Response validation
• Reserves - contingency & management

Risk Response Control

• Risk response control tools

• Risk response control guidelines

• Risk strategy execution
• Evaluating risk response results
• Risk documentation
• Deliver Presentation

Certificates

A Certificate of Completion will be issued to those who attend & successfully complete the programme.

Schedule

  08:30 – 10:15 First Session

 10:15 – 10:30 Coffee Break

10:30 – 12:15 Second Session

 12:15 – 12:30 Coffee Break

12:30 – 14:00 Third Session

 14:00 – 15:00 Lunch

 Fees

 The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: