Project Risk Management

INTRODUCTION

This session will highlight project risk management knowledge in order to reduce project cost/schedule overruns and improve project execution.

Project management is all about risk management; the capacity to capitalize on opportunities, mitigate dangers, and maximize results. Risk management, on the other hand, is all too frequently handled as a reactive process, or worse, not done at all. In this Project Risk Management course, you’ll learn how to take a proactive approach to both dangers and opportunities. The method is founded on a thorough grasp of both qualitative and quantitative risk management approaches.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Learn about the Risk Management Process.
• Recognize hazards that impact project quality, time and schedule, cost, and scope.
• Learn how to prioritize risks depending on the company’s exposure.
• Use effective strategies to identify, assess, mitigate, and monitor risks throughout the project life cycle.
• Develop the ability to quantify risks.

WHO SHOULD ATTEND THIS COURSE?

• Project risk managers
• Risk owners
• Project managers
• Project sponsors
• Functional managers

TARGETED SKILLS

• Planning risks
• Identifying risks
• Assessing risks
• Evaluating responses
• Monitoring risks
• Reviewing risks