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               VIEW OUTLINE - PDF 


Start Date : 20 Oct,2024
End Date   : 24 Oct,2024
Duration    : 5 Days
Price          : $ 3,995 ( SAR 14,981.25 )



Understanding risk management in project management is a key skill required of all project managers. Attend this course and learn to leverage a proven qualitative risk-analysis process to guide your risk management decisions, and determine risk mitigations and time and cost contingencies. 



Course Objectives: 


At the end of this course, participant will be able to: 

  • Manage risk to deliver initiatives that meet stakeholder needs 

  • Apply scalable templates for your initiative with Risk Management Plans, Risk Registers, and Risk Assessment Matrixes 

  • Leverage a proven qualitative risk-analysis process to guide your risk management decisions 

  • Review and control project risks through reassessments and audits 


Course Content: 

1- Introduction 

  • Definitions of risk and risk management  

  • Level of risks in projects 

  • Benefits of project risk management 


2- Planning and identifying project risks 

  • Risk Utility 

  • Risk management plan elements 

  • Defining risk probability and impact matrix 

  • Identifying project risks 

  • SWOT analysis 

  • Risk register 

  • Risk report 


3- Performing risk analysis 

  • Quantitative risk analysis 

  • Performing Quantitative Risk Analysis 


4- Developing risk response strategies 

  • Negative risk response strategies (threats) 

  • Positive risk response strategies (opportunities) 

  • Fallback plan 

  • Secondary and residual risks 


5- Implementing responses and monitoring risks 

  • Status meetings and work arounds 

  • Variance analysis 

  • Risk Assessment and audit 


6- Ensuring effective change control 

  • Developing a reliable change request process 

  • Recommending corrective action 


Targeted Audience:

  • Project Risk Managers 

  • Project Managers 

  • Members of the project office, project sponsors, functional managers, and senior management 

The Risk Management Process in Project Management

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