Start Date : 27 Apr ,2025
End Date : 01 May ,2025
Duration : 5 Days
Overview:
Understanding risk management in project management is a key skill required of all project managers. Attend this course and learn to leverage a proven qualitative risk-analysis process to guide your risk management decisions, and determine risk mitigations and time and cost contingencies.
Course Objectives:
At the end of this course, participant will be able to:
Manage risk to deliver initiatives that meet stakeholder needs
Apply scalable templates for your initiative with Risk Management Plans, Risk Registers, and Risk Assessment Matrixes
Leverage a proven qualitative risk-analysis process to guide your risk management decisions
Review and control project risks through reassessments and audits
Course Content:
1- Introduction
Definitions of risk and risk management
Level of risks in projects
Benefits of project risk management
2- Planning and identifying project risks
Risk Utility
Risk management plan elements
Defining risk probability and impact matrix
Identifying project risks
SWOT analysis
Risk register
Risk report
3- Performing risk analysis
Quantitative risk analysis
Performing Quantitative Risk Analysis
4- Developing risk response strategies
Negative risk response strategies (threats)
Positive risk response strategies (opportunities)
Fallback plan
Secondary and residual risks
5- Implementing responses and monitoring risks
Status meetings and work arounds
Variance analysis
Risk Assessment and audit
6- Ensuring effective change control
Developing a reliable change request process
Recommending corrective action
Targeted Audience:
Project Risk Managers
Project Managers
Members of the project office, project sponsors, functional managers, and senior management
