Risk management, as an important component of successful project management, allows you to understand that uncertainty is part of all project activities and plan how to act effectively in relation to it. Without risk management, the project is subject to surprising, sometimes devastating events. This course focuses on concepts and tools used to build a successful risk management on an investment project. Project managers should be aware of common risk traps and be able to identify, assess and act in relation to risk without jeopardizing the success of the project.
- Training duration: 2 days;
- Teaching method: interactive, at FIA Integra’s training center or at the clients headquarters (for more that 5 participants)
- Course format: 40% theory, 60% practice;
- The course addresses: analysts, users, implementers, project managers;
- You will learn to: create, prepare, implement, plan, mitigate and control project risks.
- Basic principles, modern tools and techniques used in project risk management;
- What does a risk mean;
- The differences between a positive and a negative risk;
- Develop a risk management plan;
- Methods for planning of risk response;
- Identifying project risks;
- Understanding shared risk sources;
- Qualitative and quantitative risk analysis;
- Create risk reduction and contingency plans;
- Monitoring and controlling risks in the project;
- Strengthening team spirit by developing creativity and creating a common language;
1. Fundamental Risk Considerations:
- Types of risk;
- Preliminary risk planning;
- Identifying stakeholder risk tolerance;
- Roles and responsibilities in relation to each risk;
- Risk Management Plan.
2. Identification of risks:
- Leading a risk workshop;
- Building a risk assessment matrix;
- Types and sources of risk;
- Triggered events and symptoms of occurrence of risk manifestations;
- Causes and Effects of Risks.
3. Qualitative risk analysis:
- Risk probability and impact;
- Determining the degree of exposure.
4. Quantitative Risk Analysis:
- Risk interviews;
- Risk hierarchy and prioritization.
5. Planning the response to risk:
- Contingency plans;
- Careful risk management;
- Determining the costs of risks and the contingency back-up;
- Developing the risk response plan.
6. Risk management and control:
- Change control;
- Updating the risk response plan;
- Corrective actions;
- Completed activities.
7. Actions when things go wrong:
- Communicating negative information.
8. Case studies
9. Practical Activities:
- Risk identification;
- Qualitative assessment;
- Quantitative assessment;
- Hierarchy and prioritization;
- Risk response (contingency) plan.
For more info or to sign-up to this course, use the contact form on the right or send us an email at email@example.com.