Project Risk Management
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Project Risk Management Course
Introduction:
Risk is an inherent aspect of every project. Project risk refers to uncertain events or conditions that can have either positive or negative impacts on project objectives. Risk management is a systematic process that involves identifying, analyzing, and responding to project risks. In today's project management landscape, it is crucial for project managers to possess analytical skills to closely examine and evaluate the risks associated with each project. They must also take necessary steps to mitigate those risks while maintaining the project's integrity.
Project Risk Management offers a structured approach to assess and manage various project risks. This interactive five-day workshop provides a proven methodology for systematically identifying, analyzing, and mitigating project risks throughout the project life cycle.
Course Objectives:
- Identify Project Risks which might affect the project
- Develop a Risk Management Plan for a Project.
- Perform a "Quantitative" analysis of risks
- Measure the probability and consequences of risks and estimating their impact on project objectives using "Quantitative" analysis.
- Develop procedures and techniques for risk response planning
- Monitor residual risk and control new risks throughout the project life cycle
Who Should Attend?
This course is designed for project planning engineers and managers, and senior project control and business services professionals who have the responsibility for controlling project schedules and costs in client and contracting companies.
Course Outlines:
- Introduction and Overview of Risk Management
- Risk Types
- Risk Classification
- Risk Management Planning
- Risk Management Plan
- Project Risks
- Qualitative Risk Analysis
- Quantitative Risk Analysis
- Risk Response Planning
- Tools and Techniques
- Outputs
- Risk Monitoring and Control
- Tools and Techniques
- Outputs
- Corrective actions
- Updates to the risk response plan
- Risk database
- Updates to risk identification checklists