Project Risk Management Master Class

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WHEN:
offered upon request
Duration:
2 days
Contact Hours /PDU/ CEU:
14
Target Audience:
  • Anyone involved in a project which is subject to uncertain
  • Project managers and risk practitioners who wish to extend their skills to manage risk more effective
  • Any project stakeholder with an interest in maximizing the chances of project success
  • Prior experience of project risk management would be helpful though not essential.
Course Code:
RM02
Course Fees:
4700.00 Dhms

Course Objectives

The particpants will learn the following topics:

  • Key concepts, relating uncertainty, risk, threat & opportunity
  • Summary of the risk process
  • Issues with identification: finding and describing risks
  • Aspects of assessment: defining scales and understanding exposure
  • Realistic responses: strategies and tactics
  • Implementation issues: reviews and updates
  • Keeping it alive: communication and buy-in

DESCRIPTION

All projects are risky, and effective risk management is a key contributor to project and business success. Project risk management is well established, with an agreed process, accepted methods and proven techniques. Despite this consensus, some elements of risk management are still problematic. This intermediate level Master Class addresses these sticking–points, presenting practical solutions to the most difficult parts of the risk process.

Course Outline

  • Course introduction:
    • Course objectives
           Delegate introductions
  • Key concepts:
    • Uncertainty and objectives
       Risk, threat and opportunity
       
  • Risk process summary:
    • Key stages
      Main technique
  • Issues with identification: 
    • When is a risk not a risk? Using metalanguage.
    • How to find risks – key techniques. Ensuring complete coverage – the RBS
  • Assessment areas:
    • How high is “High”? Defining scales
    • Improving resolution – P-I Scoring
    • Patterns of risk exposure – WBS/RBS mapping
  • Realistic responses:
    • Strategies and tactics
    • Using metalanguage to design responses
  • Implementation issues: 
    • Just Do It: actions, reviews and updates
    • How much is enough?
  • Keep it alive: 
    • Communication strategies
    • Creating management buy-in
  • Course conclusion: 
    • Where next?Other delegate issues

 

 


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