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Project Risk Management Course

By: Ciel Consulting

Rivers State, Nigeria

01 - 05 Apr, 2019  5 days

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NGN 50,000

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.

Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by consultant and participants and group exercises. The course 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 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 risk

Target Audience

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 Professional Development Units (PDUs).

Target Competencies

  • Risk planning
  • Identifying risks
  • Assessing risks
  • Evaluating responses

Monitoring risks

 Course Outline

  • Reviewing risks
  • Planning risk management
  • Components of risk
  • Project selection
  • Risk preferences
  • Project risk planning processes
  • Planning elements of risk management
  • Identifying scope risk
  • Sources of scope risk Scope change risk
  • Defining deliverables
  • Work breakdown structure (WBS)
  • Bottom-up approach
  • Identifying schedule risk
  • Sources of schedule risk
  • Activity definition
  • Estimating activity duration
  • Applying estimating techniques
  • Sequencing of activities
  • Identifying resource risk
  • Sources of resource risk
  • Resource planning methods
  • Staff acquisition
  • Cost estimating and cost budgeting
  • Managing project risks
  • Qualifying and quantifying project risk
  • Quantitative and qualitative risk analysis
  • Probability of risk
  • Impact of risk
  • 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 risk
  • Implementing response plans
  • Collecting project status
  • Metrics and trend analysis
  • Project reviews and risk reassessment
No. 21 Oilfield Avenue, off School Road, Elelenwo, Port Harcourt Apr 01 - 05 Apr, 2019
NGN 50,000.00
(Convert Currency)

Victor Esedebe 08093982114

Certified Project Management Professional
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