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
Eligibility / Requirements
None is ; Prefer if participants have project management knowledge and 3 to 5-year of professional ; Please note the course aligns to the PMI® standards, PMBOK® Guide and Practice Standard for Risk Management but is not limited to them. It also includes additional materials developed by SUKAD from global leading practices. If a participant wants to learn the PMI® processes only, then consider our PMI® course.
Job roles this course is suitable for:
Project Personnel , Team Members , Managers , Project Engineers , Project Leaders , Program Managers , PMO Members , PMO Managers , PMO DirectorsAbout Sukad
SUKAD was established in Dubai, United Arab Emirates in 2004. In 2012, SUKAD opened another office in Lebanon. From these two offices, SUKAD has been providing services across West Asia and Africa. SUKAD is highly recognized as a leader in project management services; with a large percent of revenues acquired through repeat business and referrals from leading organizations.
SUKAD has an extensive project management research and development program. Under the label and trademark The SUKAD Way™, the R&D effort has led to the development of proprietary products such as The Customizable and Adaptable Methodology for Managing Projects™ (CAM2P™) and The Seven Elements of Project Management Maturity™ (The 7Es™).
In addition to the PM Methodology and PM Maturity Model, SUKAD has developed numerous advance courses and master certificates in project management. SUKAD is also publishing a series of books, booklets, and sample projects in Arabic and English. Their publications include 'The Inheritance' and the upcoming 'Insan Al-Mujtama' (Arabic), upcoming 'Redefining the Basics of Project Management', Project Management for the Accidental Project Manager, and a 4-part series on The Customizable and Adaptable Methodology for Managing Projects™.
SUKAD is a corporate citizen and a business with a heart. Over the years, SUKAD has provided numerous complimentary learning events to thousands of professionals either on our own (under our 2SPI™ program) or through partnerships with various organizations and universities.
In recognition of their business and community successes, in 2011/2012 SUKAD was recognized and ranked on the Dubai SME 100 ranking and the AllWorld Network Arabia 500 ranking.
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