Project Risk Management

Course details

Course Overview

Project management is opportunity management. It is the ability to seize opportunities, minimize threats and achieve optimum results. Too often, risk management is seen as reactive, or worse, unresponsive. Nothing could be further from the truth.

In this course, students will work through the proactive approach to threat and opportunity – based on a clear understanding of the powerful nature of both qualitative and quantitative approaches to risk management. They will also examine threat and opportunity from both a top-down and bottom-up perspective, using ESI’s proven eight-step risk management process. Using effective tools, including ESI’s highly regarded risk assessment model, they will learn how to evaluate and respond to risk at the project and task levels.

Included in the course is a multi-part case study that takes them from a risk overview at the beginning of a project through the challenges of ongoing assessment and reassessment of threats and opportunities throughout the project.

Students will end the course with new practices to apply in their environment and new insights into the implications and advantages of applying risk management.

This course will teach the student to :

• Use a practical, eight-step process to manage project risk
• Identify threats and opportunities and weigh their relative value in your project
• Control multiple risks using limited strategies
• Overcome psychological barriers to risk in stakeholders and team members
• Make risk and opportunity integral components of your next project plan

Course Topics include :

• Introduction to Risk
• Risk Management Planning and Identifying Risks 
• Analysis Fundamentals
• Analysing and Prioritising Risk 
• Risk Response Planning
• Execution, Evaluation and Update