Course description
Project risk management is the process that project managers use to manage potential risks that may affect a project in any way, both positively and negatively. The goal is to minimize the impact of these risks. Unlike a regular problem that may arise, risks are incidents that may occur suddenly, sometimes entirely unexpected. Project managers do not always know which risks the project is exposed to, when they occur, and why. Due to this high degree of uncertainty, project risk management requires a serious and in-depth approach.
Understanding risk management in project management is a key skill required of all project managers. In this project risk management training course, you will learn how to identify, measure and analyse risks in projects of all sizes and scopes, and how to ensure the success of your projects from beginning to the end by quantifying and creating a project risk management plan.
The aim of this Project Risk Management & Compliance training courseis to enable the delegates to plan, manage, and control project risks. It is an introduction to project risk management that enables a team to identify, classify and manage risk systematically for the duration of a project, taking full account of corporate aims in order to control the probability and mitigate the impact of an adverse risk event.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Project Risk Management & Compliance training course , is ideal for :
Individuals such as Project Management Professionals who want to develop and refine their project risk management skills
Professionals, no matter what your industry background are (i.e. engineering, information technology or business), this training course will cover both the fundamental principles and modern techniques of project risk management
Outcome / Qualification etc.
At the end of the Project Risk Management & Compliance training course, you will be able to :
Get an overview of the Risk Management Process
Learn to identify risks that affect project quality, time & schedule, cost and scope
Learn how to rank risks based on the amount of exposure to the company
Apply useful techniques to identify, analyze, mitigate and monitor risks in the project life cycle
Develop the skill necessary to quantify risks
Learn how to create an effective risk monitoring plan and risk management strategies.
Use a practical, six-step process to manage project risk
Develop a risk budget based on expected monetary value (EMV)
Examine both the threats and opportunities facing their projects from both a top-down and bottom-up perspective using a proven six-step risk management process.
Training Course Content
Day 1
Risk Management Framework and Planning
Key Definitions
The PMBOK®Six Risk Management Processes
Purpose & Benefits of Risk
Responsibilities in Project Risk Management
Integrating Risk Management into the Project Management Process
Risk Management Planning
Risk Planning Process
Day 2
Risk Identification Processes
Project Context & Stakeholders
Risk Identification Inputs
Risk Identification Tools & Techniques
Risk Identification Outputs
Day 3
Risk Identification Processes
Project Context & Stakeholders
Risk Identification Inputs
Risk Identification Tools & Techniques
Risk Identification Outputs
Day 4
Risk Response Plan Development
Risk Prioritisation
Risk Response Strategy Guidelines
Response Strategies for Threats & Opportunities
Response Planning & Analysis
Alternative Responses
Response Validation
Reserves -Contingency & Management
Day 5
Risk Response Control
Resource Management
Risk Control Guidelines
Risk Control Inputs
Risk Control Tools & Techniques
Risk Control Outputs
Risk Reporting & Documenting
Course Summation & Work Session Review
Request info
London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...