Project Risk Management
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Project Risk Management Course
Introduction:
Risk is inherent in every project. Project risk is an uncertain event or condition that if it occurs, has a positive or a negative effect on project objectives. Risk Management is an organized systematic process of identifying analyzing, and responding to project risks. Today’s’ project manager must have the analytical ability to closely examine and assess the rake of each project, and take the necessary steps to mitigate the risk without compromising the integrity of the project. Project Risk Management provides you with a structured approach for assessing and managing a wide variety of project risks. This five-day interactive workshop offers a proven methodology for systematically identifying, analyzing, and mitigating project risk, throughout the project life cycle.
Course Objectives:
- Identify Project Risks which might affect the project
- Develop a Risk Management Plan for a Project.
- Perform a "Quantitative" analysis of risks
- Measure the probability and consequences of risks and estimate their impact on project objectives using "Quantitative" analysis.
- Develop procedures and techniques for risk response planning
- Monitor residual risk and control new risks throughout the project life cycle
Who Should Attend?
This course is designed for project planning engineers and managers, and senior project control and business services professionals who have the responsibility for controlling project schedules and costs in client and contracting companies.
Course Outlines:
- Introduction and Overview of Risk Management
- Risk Types
- Risk Classification
- Risk Management Planning
- Risk Management Plan
- Project Risks
- Qualitative Risk Analysis
- Quantitative Risk Analysis
- Risk Response Planning
- Tools and Techniques
- Outputs
- Risk Monitoring and Control
- Tools and Techniques
- Outputs
- Corrective actions
- Updates to the risk response plan
- Risk database
- Updates to risk identification checklists
