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Training Project Risk Management

Training Project Risk Management

Original price was: 300.00€.Current price is: 200.00€.

Day 1

INTRODUCTION TO PROJECT RISK MANAGEMENT

  • Worldwide project failure statistics

  • Project Risk Management benefits

  • International Risk Management Standards

  • Project Life cycle

  • Project Risk Management Processes overview

WHAT IS A RISK MANAGEMENT PLAN (RMP)?

  • Analyzing contents of a RMP model

  • Applying a standard template to create your RMP

WORKSHOP

     SELECTING THE PROJECT

  • Project brief overview

  • Work Breakdown Structure

  • Activity Network

  • Critical Path Analysis

     IDENTIFYING RISKS

  • TECOP (Technical, Economical, Commercial, Operational and Political) Identification

  • Brain Storming

  • Assessing high-level risks to the project

     DEVELOPING THE RISK REGISTER

  • Analyzing contents of a Risk Register Model

  • Applying a proven template to create the Risk Register

  • Detail description of the project risks

Day 2

WORKSHOP

     ANALYZING RISKS THROUGH QUALITATIVE MEASURES

  • Defining the probability and impact scale

  • Performing probability and impact analyses

  • Applying the probability and impact matrix

     IMPLEMENTING RISK RESPONSE STRATEGIES

  • Accept

  • Avoid

  • Transfer

  • Mitigate

  • Exploit

  • Share

  • Enhance

     PRIORITIZING ANALYSIS RESULTS

  • Ranking project risks

  • Differentiating between acceptable and unacceptable risks

     QUANTIFYING EFFECTS OF RISK EVENTS ON PROJECTS

  • Impacted schedule activities

  • Duration uncertainties

Day 3

TOOLS FOR PROJECT RISK ANALYSIS

  • Software used for Risk Analysis

  • Three-point estimation

  • Probability distributions

  • Simulation-Multiple iterations

  • Determining project’s cost and schedule level of confidence

  • Calculating contingency reserves

COURSE SUMMARY

COURSE EXAM

Category:

Description

In project management is inevitable that something can go wrong. The difference in successful project management is adequately assessing the risks and then executing a successful risk response.

Organizations must have solid project risk management best practices in place in order to deliver projects within specified time frames, budgets, and quality requirements. Proactive risk management allows a project manager to optimize project results by implementing proven tools to plan for both threats and opportunities.
The course will present different approaches to identify risks, qualitative and quantitative methods to analyze risks and determine their impacts, risk ranking and response techniques, approaches to monitor & control and communicate risks throughout the project life cycle.
Increase the probability of project success by applying techniques to reduce threats and enhance unexpected opportunities. Learn how to prepare a comprehensive risk management plan.

About the course

At the end of this course, the participants should be able to:

  • Understand the steps required to create a Risk Management Plan according to ISO 31000 and best industry’s practices

  • Apply scalable templates for Risk Management Plans, Risk Registers and Risk Assessment Matrixes for managing project risks

  • Perform a proven Qualitative Risk-Analysis process to guide your risk management decisions

  • Perform the Quantitative Risk Analysis for calculating the possible impacts

  • Determine risk mitigation measures, time and cost level of confidence and reserves

 

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