Managing Project Risks

Why Attend

The aim of this course is to enable participants to plan, manage and control project risks. By taking this course, participants will learn to develop project risk management plans and identify project risks related to a project. They will learn to qualify and quantify project risks and develop appropriate risk responses.

Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant and the 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 risk management plan, identify project risks using different techniques and manage risk register.
• Perform qualitative and quantitative risk analysis to determine the overall project risk score and utilize techniques such as Monte Carlo simulation and decision tree analysis
• Plan strategies for negative and positive risks
• Review and control project risks through reassessments and audits

Target Audience

This course has been designed for project risk managers, risk owners, project managers, members of the project office, project sponsors, functional managers, senior management and individuals interested in project risk management. This course is worth 18 Professional Development Units (PDUs).

Target Competencies

• planning risks
• identifying risks
• assessing risks
• evaluating responses
• monitoring risks
• reviewing risks