Risks exist at any time in the project, identifying and setting response plans early saves you a lot of money and time to conclude a successful project.

Focus of this training workshop is to enable attendees:

  • Understand how and where to look for risks in their projects
  • Understand the various roles and responsibilities for managing project risks
  • Become familiar with the PMI® practice standard for project risk management (2009 edition)
  • Prepare for the PMI-SP exam

Course Outlines

The course outlines are developed in reference to PMI publications: “Practice Standard for Project Risk Management, (2009)”.

Fundamentals of project risk management

  • Risk management terminology
  • Barriers to integrated risk management
  • Roles and responsibilities for project risk management
  • Project risk management processes

Scoring project risks

  • Developing probability scales
  • Developing impact scales
  • Developing project risk scoring model
  • Scoring inpidual risks
  • Scoring total project risk

Planning risk management

  • Risk Breakdown Structure (RBS)
  • Critical success factors for good project risk management
  • Components of the risk management plan
  • Tailoring the risk register

Identifying risks

    Tools & techniques to identify risks

  • Pros & cons of each technique
  • Relationship with the project life cycle

    How to describing risks?

  • The risk meta language
  • Linking risks with causes
  • Linking risks with urgency

Qualitative risk analysis

  • Critical success factors for qualitative risk analysis
  • Steps to perform qualitative risk analysis

Quantitative risk analysis

  • Requirements to implement quantitative risk analysis
  • Critical success factors to perform quantitative risk analysis
  • Tools & techniques to perform quantitative risk analysis

Planning risk responses

  • Risk response strategies
  • Impact of response strategies on time and cost
  • Impact of response strategies on other planning components

Monitoring & controlling project risks

  • Risk register updates
  • Documenting project risks
  • Documenting lessons learned

Rapid Growth Institute is a project management solutions provider operating in the Middle East and North Africa (MENA) region. they aim to utilize modern techniques to enable their customers accelerate their projects, achieve high performance and excellence.

their solutions range from training, coaching, recruiting skilled project management restheirces, consulting and project management office (PMO) setup.

Founded in 2010 by a consultant with 30 years of experience delivering services to customers in telecoms, government, banking, manufacturing, oil & gas, mining, airlines, information technology and business sectors in the United Arab Emirates, Saudi Arabia, Syria, Jordan, Sudan and Libya.

See all Rapid Growth Institute courses

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