Project Risk Management

The overall aim of this course is to enable participants to plan, manage and control project risks. Moreover, participants will be able to develop a project risk management plan and identify project risks related to the project’s triple constraints which are: scope, schedule and resources. The course 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.

Awarding Body

London Institute of
Business & Technology

Duration

5 Days
25 Hours

Start Date

All Year Around

Study Mode

Classroom OR
Distance Learning

By the end of this programme, the participant will be able to:

  • 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
  • Planning risk management
    • Risk components
    • Project selection
    • Risk preferences
    • Project risk planning processes
    • Risk management plan elements
  • Identifying scope risks
    • Sources of scope risk
    • Scope change risks
    • Defining deliverables
    • Work breakdown structure (WBS)
    • Bottom-up approach
  • 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
  • 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

Project risk managers, risk owners, project managers, members of project offices, project sponsors, functional managers, senior management and individuals interested in project risk management. This course is worth 30 PDUs.

5-day training programme – 1,790 USD

How many students are there in a classroom?

It depends on how many would enroll per intake. Even if the number of students are just 1, we still continue with the training as planned. The maximum number of students we will have in a classroom is 10.

Can I request a date that is convenient for me?

Absolutely! We will arrange the training that is convenient for you. The training date is completely customizable.

Can I change the course content?

Yes, if the contents of the course needs to be changed, please let us know. We will communicate with you and get a course outline that works for you finalized.

Does it matter which industry I work at?

It really doesn’t. We take cases and discuss them to cover your industry. If you need the course to be customized and tailored to your industry, we can also do that. You’d have to let us know in advance by filling out the form below.

(The fees include coffee breaks, study materials and working lunches daily)

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