Project Risk Management

This is a two-day workshop course in assessing the impact of risks, plan, mitigate, manage and control risks in all types of Projects whether IT or non-IT. This will include theoretical and practical concepts generally applicable to all types of projects.

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Objectives

Upon completion of this program, participants will be able to:

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• Understand and appreciate Risk Management concepts.

• Appreciate the value of Risk Planning and Control.

• Learn the essential steps in Risk Management; and

• Appreciate the value of teamwork in any project undertaken.

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Pre-requisite 

Completed Project Management course and has actual experience in managing/leading or participating in projects.

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Methodology 

• Combination of lecture, classroom group exercises/presentations, take-home group exercises, and team-building exercises.

• The client has the option to enumerate a list of projects that they may want the groups to work on.

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Course Outline 

Module 1

• Project Plan Components

• Basic Change Management concepts

• Risk Management Definition

• Risk Planning Step 1

• Identification

• Identification Techniques

• Risk Planning Step 2

• Analysis / Assessment techniques

• Selection process

• Risk Response Planning

• Types of responses

 

Module 2

• Risk Response Planning (continued)

• Planning for responses

• Validation, identification of triggers

• Risk Monitoring and Control

• Updating the risk register

• Workarounds

• Secondary/residual risks

• Budgeting      

• Mitigation

• Avoidance/Transference

• Contingency

• Risk Planning Process Summary