Course Description
Project risk management is a set of management techniques aimed at ensuring that actual and planned project outcomes coincide, or better. As such, project risk management is practiced by the great majority of project planners, project managers, and their staff. Risk management is embedded in nearly every facet of planning and implementing a project. The training course will identify a set of techniques which can be applied cost-effectively to manage the risk to those projects which are unlikely to proceed to plan without a specific focus on risk.
What Do Participants Learn?
- Create a risk management plan (RMP)
- Develop a risk register
- Analyze risks through qualitative and quantitative measures
- Recognize and implement risk response strategies
- Recognize what is required when making decisions under uncertainty
- Understand the psychological factors involved in the decision-making
- Monitor and control risk
- Identify emerging risks
- Manage the change progress
- Effectively deal with work pressure and challenging situations
Who Should Attend?
- Managers
- Executives
- Project managers and project directors, project team members wishing to move into project management roles, project planners and technical and engineering staff wishing to develop skills in managing projects.
- Operational staff with a basic understanding of project management tools and techniques
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section One: Overview of risk management
- Recognising risks during projects
- Risk management best practices, tools and techniques
- Creating a risk management plan for the project
Section Two: Applying qualitative analysis to improve performance and minimize the risk
- Probability and impact analysis
- Creating probability impact matrix
- Differentiating between acceptable and unacceptable risk
- Creating and implementing risk response strategies during the project life cycle
Section Three: Contingency planning
- Dealing with uncertainties
- Identifying unacceptable scenario
- The decision-making process
Section Four: Management of Change
- Identifying changes due to risk elements
- Understanding available resources to manage the change
- Managing the change process
Section Five: Managing stress – skills & techniques
- Goal setting & time management
- Conflict management
- conclusion