Risk Management Training Course

Enroll in this training where you will learn to use proven approaches and techniques specific to risk management. You will learn to plan and analyze projects to minimize risk in a formal environment. You will identify, analyze, and address uncertainty throughout the project lifecycle and incorporate lessons learned and industry best practices related to risk management. You will apply PMI risk management processes in a practical way to eliminate, mitigate, and minimize threats while maximizing and optimizing opportunities.

Duration:       5 days

Who should attend:

Associate project managers, project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, program managers

Course objectives

• Assess overall project riskiness.
• Role of a risk management plan
• Manage uncertainty in terms of both opportunities and threats.
• Conduct qualitative risk assessments to rank risks.
• Risk within an execution strategy
• Develop risk response plans for significant risks.
• Conduct quantitative risk assessments to adequately budget for uncertainty.
• Ensure success by understanding the role of a risk management plan and lessons learned.
• Monitor and control uncertainty during execution.

Course outline

Module 1: Risk Management Foundations

• Definition of a plan
• Definition of risk and risk management
• Risk management and project success
• Project management life cycle

Module 2: Strategic Risk Reduction

• Project success factors
• Stakeholder analysis
• Balancing constraints within a plan
• Assessing project riskiness
• Importance of formal planning

Module 3: Execution Risk Reduction

• Risk management plan
• Risk identification techniques
• Qualitative risk analysis
• Quantitative risk analysis
• Risk response planning

Module 4: Monitoring and Controlling Risk

• Protecting the plan
• Change controls
• Responding to risks

Module 5: Value of Lessons Learned

• Capturing and employing lessons learned
• Current methods of managing uncertainty based on lessons learned.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion, and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirements. For further inquiries, please contact us.

Certification

Participants will be issued with Upskill certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through email.