Risk Management for Project Managers
Course Description
This training course is based on the Project Management Body of Knowledge (PMBOK® Guide) to managing projects. (PMI® is the author and owner of the PMBOK® Guide - “A Guide to the Project Management Body of Knowledge”). This is a global standard of best practice which covers most aspects of managing a project. However, this particular course focuses on managing the risks in a project, from the very conception of the idea through to project delivery and
closure.
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Course Duration
2 days
Course Objectives
On completion of this course delegates will have clear practical approaches to identifying, classifying and managing risks on their projects. Using effective tools the project manager will be able to identify and manage risk from Project
Initiation through Planning, Execution, Control and on to Project Closure.
Initiation through Planning, Execution, Control and on to Project Closure.
Course Content
Course Introduction
Administration, Objectives
Introduction to Risk Management
Definitions; corporate tolerance and strategies
Risk Identification at Initiation
Stage Identification of external risks to the project as a whole; formal risk approaches; financial considerations; risk transfer
Risk Management during Planning
Risk workshops; qualitative analysis and response planning; quantitative analysis; decision-trees; evaluation software; prevention, avoidance, acceptance
Documentation
Risk register; ownership; communication and reporting
Risk Management during Execution
Monitoring the risk register; triggers; activating the contingency plans; work-arounds
Risk Reporting
Keeping key players informed
Project Closure
Preserving the risk management knowledge, and communicating it forward to future projects
Exercises
There are several exercises on this course, to illustrate the main learning points. These exercises are based on one
case-study scenario, which progresses through all of the project lifecycle, enabling delegates to apply all of the techniques at the appropriate times.
Administration, Objectives
Introduction to Risk Management
Definitions; corporate tolerance and strategies
Risk Identification at Initiation
Stage Identification of external risks to the project as a whole; formal risk approaches; financial considerations; risk transfer
Risk Management during Planning
Risk workshops; qualitative analysis and response planning; quantitative analysis; decision-trees; evaluation software; prevention, avoidance, acceptance
Documentation
Risk register; ownership; communication and reporting
Risk Management during Execution
Monitoring the risk register; triggers; activating the contingency plans; work-arounds
Risk Reporting
Keeping key players informed
Project Closure
Preserving the risk management knowledge, and communicating it forward to future projects
Exercises
There are several exercises on this course, to illustrate the main learning points. These exercises are based on one
case-study scenario, which progresses through all of the project lifecycle, enabling delegates to apply all of the techniques at the appropriate times.
Who should attend?
This course is designed for project managers who must bring about a successful outcome in an uncertain and changing business and technical environment.Professional Development Units) required to achieve PMI® (Project Management Institute®) certification.
Pre-requisites
None.