Project Risk Management : Principles and Good Practices

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

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

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

This is a specialty workshop dealing with the identification, assessment, mitigation, and contingency planning of risk in projects. Upon completion of this training workshop, participants should be able to:

• Learn how to create proactive behaviors as a project manager to address risks early in the project life-cycle, which will greatly enhance the ultimate success of the project
• Achieve the broad learning goals of Project Risk Management, which include Implementation of Effective Planning and Control, Creating Interactive Project Teams, Planning, Identification, and Managing risk

• Introduction to Project Risk
• Planning Risk Elements: Objectives, WBS, Project Organizing, Schedule, Budget, and Control
• Planning a Project for Low Risk
• Risk Management Training
• Risk Identification and Analysis
• Risk Identification using a Risk Matrix
• Developing a Risk Response Plan and Risk Mitigation