Project Risk Management and Compliance

EuroMaTech's Project Risk Management & Compliance training course will emphasize awareness of project risk management to minimize project cost/schedule overruns & improve project execution.

Project management is all about the management of risks; the ability to seize opportunities, minimize threats and to optimize results. However, risk management is too often treated as a reactive process, or worse, not done at all. In this Project Risk Management & Compliance, you will work through the proactive approach to both sides of risk: threats and opportunities. The approach is based on a clear understanding of both qualitative and quantitative approaches to risk management.

The highlights of this course are:

• Examine both the threats and opportunities facing your projects from both a top-down and bottom-up perspective using a proven six-step risk management process.
• Evaluate and respond to risk at the project as well as the task levels.
• Anticipate possible causes of cost and schedule overruns, together with poor quality of work. By identifying the warning signs to these as early as possible in the project timely corrective action can be taken to minimize or mitigate the impact.
• An issue facing most projects is compliance, with both internal corporate policy and with government regulations. Failure to properly proceed in this area can result in costly schedule and budget problems on a project.

Training Objectives

This Project Risk Management & Compliance 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, analyse, 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)