Workshop on Addressing Project Risks
Overview
Risks affect ALL projects, and “triggering” risks can quickly impact scope, cost, time, safety and more, sometimes with devastating consequences, that leave you directly in the crosshairs of blame.
So here you’ll learn all you need to know about addressing project risks and increasing project success in just six sessions and SIX practical exercises. Because skills come by doing, not viewing.
Who Should Attend
Aimed at more experienced project managers, this course provides the extra understanding and tools needed to help you identify project risks and their sources, qualitatively and quantitatively analyze them and go on to make the necessary preparations as well as to have a plan to deal with those that trigger
Course Structure
The two-day classroom workshop will cover all you need to know about addressing project risks and increasing project success in just six sessions and six practical exercises.
| SUBJECT | DESCRIPTION |
|---|---|
| The World of Project Risks | What is risk, risk versus uncertainty, positive and negative risks, risk over a project lifecycle, qualitative and quantitative analysis. Risk terms and expressions, types and categories of risk, three main points of risk. Demonstration of probability in the real world. Exercise 1 – Probabilities and Journeys through your Project |
| Identification and Analysis | Risk matrices, probability and impact, what MUST go on a risk register, the importance of ownership, mitigation and contingency, inherent risk, consequential risk, strategies. Exercise 2 – Building Risk Registers for Your Project Journey |
| The Cost of Success | Calculating contingency costs, the project cost stack, A thru B analysis, expected monetary value, Ishikawa diagrams, butterfly diagrams, case studies. Quantitative risks and Monte Carlo analysis. Exercise 3 – Relative Risk Values and Contingency Costs |
| Going Deep | Advanced qualitative analysis, getting to aleatory risks through epistemological, ontological and latent risks. Other kinds of risk categorisation. Exercise 4 – Getting to the Point of Calculation |
| Doomsday, Karma and Other Tools | Alternative methods, doomsday and karma wheels, fitting risk into the project timeline, FEMA, advanced concepts, consequential risks, human factors. Exercise 5 – Introducing Timing to Risk Planning |
| Dealing with Risks in Project Execution | Risk management during project execution, handling triggers, stakeholder reporting. Going to Plan B. Essential communications. Exercise 6 – Addressing Risks as they Trigger |
Course Leader
Colin Millward
Colin has a 35-year corporate background implementing technology and financial systems projects in the United Kingdom, the United States, Europe and the Asia-Pacific region. He founded his company Knight Griffin Pte. Ltd. in Singapore in 2003, and through his brand RulesReimagined, Colin has provided top-level consulting and training in the past twenty years to bring a third-dimension and an external viewpoint to corporations and governments. He holds an MBA, PMP, CRP and is an accredited principal mediator.
This programme has been approved by the Estate Agents Authority (EAA) for the EAA CPD Scheme. One contact hour equals one CPD point. Reference: https://www.eaa.org.hk/zh-hk/cpd-activities
Related Courses
| Topic | Fee | Class Schedule | Details |
|---|---|---|---|
| Measuring Your Project Outcomes (1-day) |
HKMA Members: HK$4,300 Non-Members: HK$4,500 |
07 October 2026 9:00 am – 5:00 pm |
Details |
| Addressing Project Risks (2-day) |
HKMA Members: HK$7,800 Non-Members: HK$8,000 |
12-13 October 2026 9:00 am – 5:00 pm |
Details |
| Negotiating Professionally (2-day) |
HKMA Members: HK$7,800 Non-Members: HK$8,000 |
08-09 October 2026 9:00 am – 5:00 pm |
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| Mastering Project Dynamics (3-day) |
HKMA Members: HK$11,800 Non-Members: HK$12,000 |
14, 15 & 16 October 2026 9:00 am – 5:00 pm |
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In-house Training Service
We provide tailor-made in-house training for corporate clients looking to enhance team skills and performance. Courses are customized to your goals, industry, and staff needs, with practical content your team can apply immediately.
Contact us today to design a training solution that fits your organization.
Information at a Glance
Code:
AC-47748-2026-1-FCCommencement Date:
Tuition fee for Members:
HK$7,800Tuition fee for Non-members:
HK$8,000Medium of Instruction:
EnglishMode of Instruction:
Face-to-faceEnquiry
Course Details
| Mr Charlie Chiu | |
| Phone: | 2774 8582 |
| Email: | charliechiu@hkma.org.hk |
General Enquiry / Course Enrolment / Membership Information
| Phone: | 2774 8500 / Ivy Ng 3468 6023 / Shino Choi 3468 6024 / Windy Ng 3468 6025 |
| Email: | hkma@hkma.org.hk |
| WhatsApp: | 9149 0408 |