applied risk management

Applied Risk Management

Course Delivery Options

In house and Public Program

Next public program session: 2 - 4 May 2017

Do contact us for a proposal for an in house session.

Description

Implementing Project Risk Management is an advanced course in project management. It aims to provide the participants with a deeper understanding of the importance of and techniques of implementing project risk management practices of any project prior to and during execution of projects.

This course aims to provide an avenue for participants to learn how to manage real project risks so that projects may be undertaken in a structured manner to enable them to be implemented effectively. It covers all key areas for projects to be completed successfully and participants attending the course will receive 21 PMI approved PDUs.

Course Objectives

Definefundamental approaches to project risk management;
Identifyproject risk characteristics and risk elements that have to be considered;
Listcategories and sources of risks;
Recognizethe difference between known and unknown risks;
Planfor project risk management;
Developa risk register and risk response plan;
Recognizethe significance of assumptions in projects;
Undertakequalitative and quantitative risk analysis;
Evaluaterisk probability and impacts;
Developan appropriate project risk response;
Undertakemonitoring and controlling of project risks.

Program Outline

Day 1

Time	Activity
9.00	Introduction and Overview
9.05	Pre Test for Implementing Project Risk Management
9.15	Introduction to Project Risk Management
9.45	Overview on the duality of project risks
10.30	TEA BREAK
10.45	Key steps in Project Risk Management Risk Planning; Risk Identification; Risk Analysis; Developing Risk Response; and Monitoring and Controlling Project Risk.
13.00	LUNCH
14.00	Planning Project Risk Management Risk Register; Risk Breakdown Structure; and Probability and Impact Matrix.
15.30	TEA BREAK
15.45	Applications Lab for the day based on planning for risks for the case study developed for the client
16.45	Overview of project management planning
17.00	Question and answer and wrap up for Day 1

Day 2

Time	Activity
9.00	Recap of previous day’s session
9.15	Risk Identification and Qualitative Risk Analysis
9.30	Risk Identification Tools
10.30	TEA BREAK
10.45	Differentiating Project Risks and Project’s Risk
11.30	Differentiating cause, events and impacts of risks
12.00	Determining Risk Probabilities and Risk Impacts
13.00	LUNCH
14.00	Performing Quantitative Risk Analysis
14.40	Decision trees
15.00	Expected Monetary Value Analysis
15.30	TEA BREAK
15.45	Applications Lab for the day based on case study developed for the client
17.00	Question and answer and wrap up

Day 3

Time	Activity
9.00	Recap of previous day’s session
9.15	Overview on Risk Response Planning and Risk Monitoring and Control
9.45	Residual and Secondary Risk Considerations
10.15	Mitigation and Contingency Risk Response Strategies
10.30	TEA BREAK
9.45	Types of Risk Response Strategies for Negative Risks
11.15	Types of Risk Response Strategies for Positive Risks
13.00	LUNCH
14.00	Differentiating monitoring and controlling project risks
14.30	Techniques for monitoring project risks
15.00	Techniques for controlling project risks
15.30	TEA BREAK
15.45	Applications Lab for the day based on case study developed for the client
16.45	Post Test
17.00	Question and answer and wrap up

Key Features

HRDF SBL Approved
Student Workbook, Process charts & other tools and materials provided
Participants earn 21 PDUsin attending the session
Conducted by a Certified Training Professional with vast experience

Selected Past Clients

Project Risk Management

Course Delivery Options

In house

Do contact us for a proposal for an in house session.

Description

The course aims to provide the participants with a deeper understanding of the importance of and techniques of risk management practices when applied within the context of project management.

This course aims to provide an avenue for participants to learn how to manage risks normally encountered in projects in a proactive manner so that projects are managed in a structured manner with minimal interruptions and costly errors.

Terminal Objective

The terminal objective of this program is that the participants will be able to independently identify, analyze and integrate risk response plans for projects undertaken. Essentially they will be able to implement risk plans effectively to ensure that project objectives are met.

At the end of the program the participants will be able to:

Recognizethe types of risks pertaining to managing projects
Listthe impacts to project schedules, cost and quality as a result of risks faced
Identifyrisk categories for infrastructure and asset management based projects
Assessrisks faced in managing infrastructure and asset management based projects
Planfor risk management in projects
Developa risk register and risk response plan
Evaluaterisk probability and impacts
Strategizeactions to be taken to address risks identified
Monitorrisk response planned to ensure they are undertaken as planned

Key Features

HRDF SBL Claimable
Sample templates for Project Risk Identification Checklist
Sample templates for Project Risk Register
Sample templates for Project Risk Analysis Matrix
Certification of attendance
Post training report
Pre and post test

Course Framework

DAY 1

Time	Activity
9.00	Introduction and Overview
9.05	Pre Test for Project Risk Management
9.15	Introduction to Project Risks Management
9.45	Planning for Risk Management
10.30	TEA BREAK
10.45	Group based activity: Risk Planning exercise using Risk Planning Tools
13.00	LUNCH
14.00	Identifying risks in projects
	Types of risks categories
	Tools and techniques for risk identification
15.30	TEA BREAK
15.45	Group based activity: Risk Identification exercise using Risk Register provided
17.00	Question and answer and wrap up for day 1

DAY 2

Time	Activity
9.00	Recap of previous day’s session
9.15	Overview on Risk Assessment
9.30	Risk Analysis Tools and Techniques
10.30	TEA BREAK
9.45	Group based activity: Risk Analysis exercise using Risk Analysis tools provided
13.00	LUNCH
14.00	Overview on planning for risk response
14.30	Options for managing risks
15.00	Techniques for controlling risks
15.30	TEA BREAK
	Group based activity: Developing options for managing risk using Risk Response Strategies
17.00	Question and answer and wrap up

Selected Past Clients

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