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Project Risk Management

DURATION: 16 hours (2 days)

Course Description

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.

Objectives

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

  • 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.

Pre-requisite 

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

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.

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