Project Risk Management (Across the Project)

Course details

Across the project life span (project life cycle)

Course Description
All projects are inherently risky, and zero risk is not an option. The successful project manager will therefore be the one who manages risk effectively by minimized threats and maximizing opportunities, while maintaining a clear focus on achievement of project and business objectives.

This course takes the participants through the essential concepts of project risk management, including extensive coverage of the processes that are required to effectively manage risks. The course will emphasize that risks and risk management for a project evolve over the project life span and is not a one-off exercise that we do during the project planning processes. The course also stress that risk management, like project management, has to be customized and adapted to the organization and the project environment.

The course uses global standards, primarily PMI® a Guide to the Project Management Body of Knowledge® and the Practice Standard for Risk Management as the foundation and platform. However, the course also draws on international best-practices, ISO standard, and the SUKAD own research and development effort.
This is a foundation course for the PMI® Risk Management Professional (RMP) certification but is not a certification preparation course.

Learning Objectives/Outcomes
Understand risk management; including threats and opportunities
Understand sensitivities, risk attitude, and risk tolerance
Learn how to differentiate between stage and project risks
Learn that risk management must be a continual process that take place over the entire project life span
Learn how to apply techniques for identifying, analyzing, prioritizing, and responding to risks
Learn how to ensure effective management of project risks

Course Outline
Day 1
General sections; introduction and initial exercises
Key concepts
Definitions and types of risks
Challenges related to risk management

Organizational risk management (ISO)
Policies and processes
Risk management framework

Risk management processes
PMI® standards
Planning for project risk management

Day 2
Risk management processes, continued
Risk identification and analysis
Risk treatment and response planning
Risk monitoring and controlling 

Day 3
Risk management across the project
Project life span model and project versus stage risks
Identify and agree to class projects
Risk management and feasibility studies
Risk management as we move through the life span

Wrap up: action plans and teams presentations Updated on 01 March, 2020 - Read Less