Project Risk Management

Project Risk Management

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Program Objectives:
By the end of the program, participants will be able to:
  • Plan and manage project risk
  • Identify project scope, schedule and resource risks
  • Analyze and manage project constraints
  • Conduct quantitative and qualitative risk assessments
  • Develop risk probability and impact matrices
  • Plan different risk responses
  • Implement preventive ideas and contingency planning
  • Monitor and control risky projects
Who should attend:
All those who are involved in managing projects and ensuring all types of risks in such projects are mitigated.
Program Outline
Planning Risk Management 
  • Risk Components
  • Project Selection
  • Risk Preferences
  • Project Risk Planning Processes
  • Risk Management Plan Elements
Identifying Scope Risk 
  • Sources of Scope Risk
  • Scope Change Risks
  • Defining Deliverables
  • Work Breakdown Structure (WBS)
  • Bottom-Up Approach
  • Identifying Schedule Risk
Sources of Schedule Risk
  • Activity Definition
  • Estimating Activity Duration
  • Applying Estimating Techniques
  • Activity Sequencing
Identifying Resource Risk 
  • Sources of  Resource  Risk
  • Resource Planning Methods
  • Staff Acquisition
  • Cost Estimating
  • Managing Project Risks ​
Qualifying and Quantifying Project Risks 
  • Qualitative and Quantitative Risk Analysis
  • Risk Probability
  • Risk Impact
  • Qualitative Risk Assessment
  • Quantitative Risk Assessment
    • Risk Assessment Matrices
    • Quantifying Risks Using PERT Analysis
    • Common Continuous Risk Distributions
    • Expected Monetary Value (EMV) Analysis
    • Decision Tree Analysis
Developing Risk Response Strategies 
  • Categories of  Risk
  • Risk Management Strategies
  • Risk Response Planning
  • Negative Risk Response Strategies
  • Positive Risk Response Strategies
  • Contingency Planning
  • Risk Registers
Monitoring and Controlling Projects Risks 
  • Implementing Response Plans
  • Collecting Project Status
  • Metrics and Trend Analysis
  • Project Reviews and Risk Reassessment

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Date And Time

2021-03-16 @ 09:00 AM to
02:00 PM

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