Project Risk Management (Across the Project)

Course Overview

The successful project manager will therefore be the one who manages risk effectively by minimized threats and maximizing opportunities, while maintaining a clear focus on achievement of project and business objectives. All projects are inherently risky, and zero risk is not an option.

This course takes the participants through the essential concepts of project risk management, including extensive coverage of the processes that are required to effectively manage risks. The course will emphasize that risks and risk management for a project evolve over the project life span and is not a one-off exercise that we do during the project planning processes. The course also stress that risk management, like project management, has to be customized and adapted to the organization and the project environment.

The course uses global standards, primarily PMI® a Guide to the Project Management Body of Knowledge® and the Practice Standard for Risk Management as the foundation and platform. However, the course also draws on international best-practices, ISO standard, and the SUKAD own research and development effort.

This is a foundation course for the PMI® Risk Management Professional (RMP) certification but is not a certification preparation course.

Learning Objectives/Outcomes

• Understand risk management; including threats and opportunities
• Understand sensitivities, risk attitude, and risk tolerance
• Learn how to differentiate between stage and project risks
• Learn that risk management must be a continual process that take place over the entire project life span
• Learn how to apply techniques for identifying, analyzing, prioritizing, and responding to risks
• Learn how to ensure effective management of project risks

Who should Attend

• All project personnel, team members, and their managers
• Project engineers, project leaders, project & program managers
• PMO members, managers, and directors