Risk Management Training Course

Introduction

Enroll in this training where you will learn to use proven approaches and techniques specific to risk management. You will learn to plan and analyze projects so as to minimize risk in a formal environment. You will identify, analyze, and address uncertainty throughout the project lifecycle and incorporate lessons learned and industry best practices related to risk management. You will apply PMI risk management processes in a practical way to eliminate, mitigate, and minimize threats while maximizing and optimizing opportunities.

 

Duration

5 days

 

Who should attend:

Associate project managers, project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, program managers

 

Course objectives

· Assess overall project riskiness

· Role of a risk management plan

· Manage uncertainty in terms of both opportunities and threats

· Conduct qualitative risk assessments in order to rank risks

· Risk within an execution strategy

· Develop risk response plans for significant risks

· Conduct quantitative risk assessments in order to adequately budget for uncertainty

· Ensure success by understanding the role of a risk management plan and lessons learned

· Monitor and control uncertainty during execution

 

Course outline

Module 1: Risk Management Foundations

· Definition of a plan

· Definition of risk and risk management

· Risk management and project success

· Project management life cycle

 

Module 2: Strategic Risk Reduction

· Project success factors

· Stakeholder analysis

· Balancing constraints within a plan

· Assessing project riskiness

· Importance of formal planning

 

Module 3: Execution Risk Reduction

· Risk management plan

· Risk identification techniques

· Qualitative risk analysis

· Quantitative risk analysis

· Risk response planning

 

Module 4: Monitoring and Controlling Risk

· Protecting the plan

· Change controls

· Responding to risks

 

Module 5: Value of Lessons Learned

· Capturing and employing lessons learned

· Current methods of managing uncertainty based on lessons learned

 

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion, and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirements. For further inquiries, please contact us on Email: [email protected] Tel: +254 721 331 808

Certification

Participants will be issued with Upskill certificate upon completion of this course.