This course will guide the student through the Risk Management process as defined by the Project Management Institute (PMI). Through a series of hands-on exercises the student will learn the proper methodology for managing risks.

Course outline

Overview Of Risk Management

Risk Management Planning

  • Determining How to Approach, Plan, and Execute Project Risk Management Activities
  • Inputs to Risk Management Planning
  • Determine Enterprise Environmental Factors, Organizational Process Assets, the Project Scope Statement, and the Project Management Plan
  • Tools and Techniques for Risk Management Planning
  • Planning Meetings and Analysis

Risk Identification

  • Determine Enterprise Environmental Factors, Organizational Process Assets, the Project Scope Statement, the Project Management Plan, and the Risk Management Plan.
  • Information Gathering
  • Assumptions Analysis
  • Outputs of Risk Identification

Qualitative Risk Analysis

  • Inputs to Qualitative Risk Analysis
  • Organizational Process Assets, Project Scope Statement, the Risk Management Plan, and the Risk Register
  • Risk Probability and Impact Assessment
  • Probability and Impact Matrix
  • Risk Data Quality Assessment
  • Outputs of Risk Management Planning
  • List of Risks Requiring Response in the Near-Term
  • List of Risks Requiring Additional Analysis and Response

Quantitative Risk Analysis

  • Inputs to Quantitative Risk Analysis
  • Organizational Process Assets, Project Scope Statement, the Risk Management Plan, and the Risk Register
  • Data Gathering and Representation Techniques including: Interviewing, Probability Distributions, and Expert Judgement.
  • Quantitative Risk Analysis and Modeling Techniques

Risk Response Planning

  • Inputs to Risk Response Planning
  • Strategies for Negative Risks or Threats including: Avoidance, Transference, and Mitigation
  • Strategies for Positive Risks or Opportunities including: Exploiting, Sharing, and Enhancing
  • Strategies for Both Threats and Opportunities including Acceptance
  • Contingent Response Strategy
  • Risk owners and assigned responsibilities
  • Specific actions to implement the chosen response strategy
  • Symptoms or warning signs that a risk is about to occur
  • Budget and schedule activities you must undertake if a risk occurs
  • Contingency plans and risk triggers

 Risk Monitoring And Control

  • Risk Reassessment
  • Risk Audits
  • Variance and Trend Analysis
  • Technical Performance Measurement
  • Reserve Analysis
  • Outputs of Risk Monitoring and Control

 Learning Objectives

After completion of this course Participants will be able to :

  • Define a project, program, and project management and its processes.
  • Determine effective ways of integrating project management and general business management in an organization.
  • Determine ways to effectively integrate a project across an entire enterprise to reduce the impact of change. .
  • Plan for risks.
  • Effectively identify risks.
  • Perform qualitative and quantitative risk analysis.
  • Perform Risk Monitoring and Control.
  • Apply network activity techniques.

Who should attend ?

  • Project Managers and employees responsible for managing and tracking projects.

Course Features

Group exercises, role plays ,team games ,open discussions & analysis of work based – situation , assessment tools to give participants  valuable skills & techniques to master the topic

We_They Academy | Authorized Training Center: We_They Academy is an Egyptian company established in 1999 in Cairo-Egypt.

We_They Academy Training centers are private independent training centers.

Our office is located in Cairo. We_They Academy Training centers programs are offered by highly professional training methods. We_They Academy is one of the leading private educational centers which offers International Universities and Training Colleges programs.

Employers in the international employment market are confident that holders of our certificates and diplomas have been well trained and have acquired good skills and knowledge. Certificates and diplomas awarded by We_They Academy Training Centers are stamped by highly professional international training colleges and universities. The demand on We_They Academy Training Centers courses, programs, certificates and diplomas are on the increase nationally in the Arab Republic of Egypt.

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