An introduction to civil project risk management that enables a team to identify, classify and manage risk systematically for the duration of a project, taking full account of corporate aims in order to control the probability and mitigate the impact of an adverse risk event.
The overall aim of this course is to enable participants to plan, manage and control project risks. Moreover, participants will be able to develop a project risk management plan and identify civil project risks related to the project's triple constraints which are: scope, schedule and resources. The course also aims at assisting participants in qualifying and quantifying civil project risks and developing appropriate risk responses. In line with the above, participants will also design and calculate key performance indicators for monitoring and controlling civil project risks.
Objectives and target group
Who should attend?
Project risk managers, risk owners, project managers, members of project offices, project sponsors, functional managers, senior management and individuals interested in project risk management. This course is worth 30 Professional Development Units (PDUs).
How attendees will benefit?
After completion of the programme, delegates will be able to:
Understand Risk Management and its preferred framework for the private and public sectors
Human aspects of risk management.
How to initiate project risk management; the planning and project specific impact scales
Apply effective risk management tools and techniques for when an organization is under pressure
Develop an effective stakeholder management plan for use in risks
Identify measures that would improve their organizations' crisis management capabilities
Recognize and appraise the risk
Estimate the probability of loss due to the risk
Risk responses; risk responses to threats and opportunities, secondary risks, post response assessment
Select the optimum method of treating the risk
Implement a plan to carry out the selected method
Risk Management Framework and Planning
Project Management Body of Knowledge (PMBOK) - 6 Risk Management Processes
Purpose & Benefits of Risk
Responsibilities in Risk Management
Integrating Risk Management into the Project Management Process