Project Risk Management

Understanding of the need for managing risks on projects and in an organisationDefine risk and the different types of risks.Understand risk concepts including risk appetite, tolerance, criteria, etcLearn and become familiar with the processes required to manage project risksIdentify project risks and how to create a risk register with various tools and techniquesAnalyse project risks. Including tools for qualitative and quantitative analysisCreate risk response strategiesImplement, monitor and control risk responses- Understand how to manage risks on projectProjects are one-off pieces of work that are completed within a fixed timescale. They are undertaken to create unique products and services. They usually contain a great deal of risks, uncertainties, and complexities that need to be managed. Projects are necessary for there to be development in any business or nation. The challenge however is that management of projects could be complex especially if the requisite knowledge and skills are missing in those saddled with this responsibility.There are a series of project management approaches and tools to help organizations reduce these risks, and create an effective platform to deliver project objectives. These approaches have been carefully documented over the years and they can be learnt.Training in project management, especially one with a practical approach, can help participants gain the necessary knowledge and skills to appropriately utilize the project management tools and techniques to ensure success on their projects.This course is focused on the processes for managing risks on projects. The course is useful for those preparing for the project management professional certification exam and those new to risk management or that have the responsibility of managing projects as team members or subject matter experts. The course explores in detail the definitions, processes, tools and techniques that are critical to successful management of risks on projects. Techniques and tools for risk identification, risk analysis, risk response planning and monitoring and control are discussed extensively.The course covers the 7 processes of Risk Management namely;Plan Risk ManagementIdentify RisksPerform Qualitative Risk AnalysisPerform Quantitative Risk AnalysisPlan Risk ResponsesImplement Risk Responses and Monitor RisksAt the end of this course, participants would be able to;Understand the need for managing risks on projects and in an organisationDefine risk and understand risk concepts including risk appetite, risk tolerance, risk criteria, etcUnderstand the different types of risksEnumerate the processes required to manage project risksIdentify project risks and how to create a risk register with various tools and techniquesAnalyse project risks, including tools for qualitative and quantitative analysisCreate risk response strategiesImplement, monitor and control risk responsesUnderstand how to manage risks on projectWho this course is for:This course is for those that need a knowledge of Risk Management as part of their preparation for the Project Management Professional Exam or any other exam based on a body of knowledge that includes Risk Management. Also for Project Managers that need to gain knowledge and competence in managing risks on projects and business.Project ManagersPMP CandidatesRisk ManagersBusiness Managers