SCHEDULE
| Dates | Venue | Category |
| 18-22 September 2023 | Kuala Lumpur – Malaysia | Project Management |
| 25-30 November 2023 | Dubai – United Arab Emirates | Project Management |
| 11-15 December 2023 | Port Moresby – Papua New Guinea | Project Management |
INTRODUCTION
This training seminar will emphasise awareness of project risk management to minimise negative project impacts and improve project execution.
Project management is all about the management of risks; the ability to seize opportunities, minimise threats and to optimise results. However, risk management is too often treated as a reactive process, or worse, not done at all. By better understanding the risks that may affect your projects, and how to effectively manage them, you will be better positioned to successfully deliver your projects on schedule, within budget and with a clear health, safety and environment record.
In this Project Risk Management training course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The approach is based on a clear understanding of both qualitative and quantitative approaches to risk management.
BENEFITS OF ATTENDING
Upon the completion of this training, participants will be able to:
- Get an overview of the Risk Management Process
- Learn to identify risks that affect project quality, time & schedule, cost and scope
- Apply useful techniques to identify, analyze, mitigate and monitor risks in the project life cycle
- Learn how to create an effective risk monitoring plan and risk management strategies
- Use a practical, six-step process to manage project risk
- Develop a risk budget based on Expected Monetary Value (EMV)
WHO SHOULD ATTEND?
- Project Directors
- Project Managers
- Project Consultants
- Project Planners and Estimators
- Quality Assurance Managers and Engineers
- Contract and Procurement Managers
- Project and Discipline Engineers
- Specialist Technicians and Technical Assistants
COURSE OUTLINE
Session 1: Risk Management Framework and Planning
- Key Definitions
- The PMBOK® Six Risk Management Processes
- Purpose & Benefits of Risk
- Responsibilities in Project Risk Management
- Integrating Risk Management into the Project Management Process
- Risk Management Planning
- Risk Planning Process
Session 2: Risk Identification Processes
- Project Context & Stakeholders
- Risk Identification Inputs
- Risk Identification Tools & Techniques
- Risk Identification Outputs
Session 3: Risk Assessment Process
- Project Estimating Techniques
- Schedule Diagramming – Critical Path Method (CPM)
- Project Evaluation & Review Technique (PERT)
- Qualitative Risk Analysis
- Quantitative Risk Analysis
Session 4: Risk Response Plan Development
- Risk Prioritisation
- Risk Response Strategy Guidelines
- Response Strategies for Threats & Opportunities
- Response Planning & Analysis
- Alternative Responses
- Response Validation
- Reserves – Contingency & Management
Session 5: Risk Response Control
- Resource Management
- Risk Control Guidelines
- Risk Control Inputs
- Risk Control Tools & Techniques
- Risk Control Outputs
- Risk Reporting & Documenting
- Course Summation & Work Session Review