Project Risk Management

Projects are inherently risky ventures. If there is no risk, the activity may not be a project. In this course, participants will learn that risk is identified, assessed and minimised in the project planning exercise.

A project plan consists basically of six things, project objectives (requirements, SOW), a work breakdown, (WBS), a project organisation (OBS), a project schedule, project baseline (budget) and risk management.

This is a specialty course dealing with identification, assessment, mitigation and contingency planning of risk in projects. It creates proactive behaviours in project managers to address risks early in the project life-cycle which greatly enhance the ultimate success of the project.

The broad learning goals of Project Risk Management include:

• Implement Effective Planning and Control
• Create Interactive Project Teams
• Plan, Identify and Manage Risk

Project Risk Management is a two-day course that includes a brief refresher of tools and techniques of modern project management, but its emphasis is on risk planning, risk identification, risk analysis, risk response planning, and risk monitoring and control.

This course is targeted at new and experienced project managers who need effective, but simple techniques for risk management in projects. It is intended for people who want a review of applied methods and techniques to handle risk in daily project work.