:: DEFINE | Management Consultancy & Training Provider In UAE, Abu Dhabi,Dubai,Saudi Arabia ::

PROJECT RISK MANAGEMENT(PMI® Approved)

Location

London, UK

Date

From Date: 15-Jul-2024
To Date: 19-Jul-2024

Duration

5 DAYS

Language

ENGLISH

Discipline

Project Management and Contract Management

Introduction

Studies suggest that 90% of project problems can be foreseen through the application of project risk management techniques. Proactively identifying and controlling risk greatly increases the accuracy of the project’s scope, schedule, and budget, as well as reduces the amount of time the team spends putting out fires. This course focuses on improving the project manager’s risk management expertise, from initial planning through project closure. Participants will apply all course principles to a work-related case study taken directly from their work environment. At course completion, students will be able to identify, analyze, respond to, and control project risks

Objective

Teach delegates about project risk management in details so they can apply it in their own work.
Provide an opportunity to understand the risks inherent in projects and how to plan for them.
To gain in depth knowledge of Project Risk Management
Gain specialization in assessing, identifying and controlling risks
This course will enable to assess the risk velocity and help you to ascertain the route to risk mitigation by prior planning.
Participants will learn to maximize the results of positive project events, and minimize the consequences of adverse events, both internal and external to the project.

Audience

This course is designed for all project managers and project team leaders.

Content

Course Outline

1 - Risk Management Overview

Risk Management Benefit and Uses
Project Risk Management
Project Management Life Cycle

2 - Initiating Process Group

Initiating Process Group Overview
Develop Project Charter
Identify Stakeholders
Project Selection Criteria
ROI Analysis
ROI Methods
Risk Complexity Index
Project Selection

3 - Planning Process Group

Planning Process Group Overview
Scope Risks
Schedule Risks
Resource Risks
Plan Risk Management
Identify Risks
Delphi Technique
Subject Matter Expert Input
Brainstorming
Fishbone Diagrams
Process Analysis
Five Whys
Influence Diagrams
Risk Breakdown Structure (RBS)
Risk Register
Perform Qualitative Risk Analysis
Probability and Impact Assessment
Probability and Impact Chart
Perform Quantitative Risk Analysis
Three point estimates
PERT
Triangular Distributions
Outlier Considerations
Geometric Mean
Normal Distributions Methods
Tornado Diagrams
Expected Monetary Value (EMV)
Monte Carlo
Plan Risk Responses
Risk Response Strategies
Overall Project Risk
Checklists

4 - Executing, Monitoring and Controlling Process Groups

Executing Process Group Overview
Monitoring and Controlling Process Group Overview
Control Risks
Project Monitoring
Longer Projects

5 - Closing Process Group

Closing Process Group Overview
Close Project or Phase
Risk Activities During Closing Process Group
Post-Project Risk Assessment

XII. CASE STUDY

TRAINING OUTOME

By the end the training participants will be able to

Teach delegates about project risk management in details so they can apply it in their own work.
Provide an opportunity to understand the risks inherent in projects and how to plan for them.
To gain in depth knowledge of Project Risk Management
Gain specialization in assessing, identifying and controlling risks
This course will enable to assess the risk velocity and help you to ascertain the route to risk mitigation by prior planning.
Participants will learn to maximize the results of positive project events, and minimize the consequences of adverse events, both internal and external to the project.

Certificate

Define Management Consultancy & Training Certificate of course completion will be issued to all attendees recognized by Project Management Institute.

Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions, and motivate everybody find the right answers. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences. Tests of multiple-choice type will be made available on daily basis to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

30% Lectures
30% Workshops and work presentation
20% Group/individual Work or projects & Practical Exercises
20% Videos& General Discussions, Case studies etc.

Course Details