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Managing Project Risk

5 Mar 2018 (€595 per seat)
Dublin
1 Day
Purpose: 

The Managing Project Risk Workshop is a 1-day intensive practical course designed to introduce delegates to the basic concepts of managing risk on projects. The course uses a practical process to:

  • Identify
  • Analyse
  • Quantify
  • Prioritise
  • Respond to
  • and Manage and Control

the many risks associated with the project. Delegates can then take this process and apply it to their own project risks.

Suitable for: 

This course is primarily aimed at Project Managers. It is also suitable for those who manage or oversee project resources, including project sponsors, team leaders, project leaders and project co-ordinators and would also be of benefit to other project stakeholders.

Delegates should have at least a basic understanding of project management principles.

What’s good about the course? : 

A good short 1-day workshop on identifying project risk and mitigation techniques.

Top class trainers who are Risk Management / Project Management specialists and professional trainers.

On completion of this course, delegates will be able to apply the principles and process to their own projects and thus be better able to deliver the desired outputs and business benefits. The delegates will be able to:

  • Understand project risk and its potential effects
  • Identify the process to follow on their own project
  • Understand who should partake in the risk process
  • Identify individual risks on their project
  • Formulate responses for the high priority risks
  • Construct a Risk Management Plan for the project

Objectives:

On completion of this course, delegates will be able to apply the principles and process to their own projects and thus be better able to deliver the desired outputs and business benefits. The delegates will be able to:

  • Understand project risk and its potential effects
  • Identify the process to follow on their own project
  • Understand who should partake in the risk process
  • Identify individual risks on their project
  • Formulate responses for the high priority risks
  • Construct a Risk Management Plan for the project

Benefits:

Very practical course

Customisable to your environment

Top class experienced instructor

Detailed Content:

Introduction to Risk Management

  • Defining and categorising risk
  • Types of risk
  • The components of risk management
  • The people involved

The Risk Management Plan

  • Defining the project from a risk management perspective
  • Planning the Risk Management Strategy
  • Defining Objectives and Deliverables
  • The Risk Budget

Identifying Project Risk

  • Inputs to identification
  • Tools and Techniques
  • Documentation

Analysing Project Risk

  • Risk Probability approaches
  • Qualitative versus Quantitative approach
  • Impact analysis
  • Tools and Techniques
  • Prioritising the Risk

Responses

  • Threats and Opportunities
  • Response strategies
  • Acceptance
  • Avoidance
  • Mitigation

Management and Control

  • Risk Response control
  • Risk evaluation
  • Contingency plans and workarounds
  • Documentation