This Course is Perfect for:
- Identifying risks and opportunities to maximise project performance
- Calculating the best way to use your available resources across the project
 Download description
You Will Learn to:
- Use a practical, eight-step process to manage project risk
- Identify threats and opportunities and weigh their relative value in your project
- Control multiple risks using limited strategies
- Overcome psychological barriers to risk in stakeholders and team members
- Make risk and opportunity integral components of your next project plan
Course Overview
Too often risk management is seen as reactive, but nothing could be further from the truth. In this course you will learn to work through a proactive approach to risk threat and opportunity. You will address how to identify, quantify, control and respond to risk management in the context of the project life-cycle. Learn qualitative and quantitative techniques and tools for assessing the impact of risk. Through interactive exercises and case studies, participants will be able to apply risk management theories, concepts and principles to real-world situations.
Course Topics
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- Introduction to Risk
- Definition and characteristics of "risk"
- Elements and factors of risk
- Event (future occurrence)
- Probability (uncertainty)
- Impact (amount at stake)
- Types of risk
- Components of risk management
- Identification
- Quantification
- Response development
- Response control
- Risk Management Planning and Identifying Risks
- Risk management planning
- Risk identification
- Idea generation tools and techniques
- Analysis Fundamentals
- Probability and impact
- Presenting risk
- Narrative
- Qualitative
- Quantitative
- Probability analysis
- Analysing and Prioritising Risk
- Determining risk tolerances
- Analysing risks
- Establishing and evaluating profitability
- Risk-based financial tools and techniques
- Expected-value analysis
- Decision trees
- Prioritising risks
- Risk Response Planning
- Risk response strategies for opportunities and threats
- Risk acceptance
- Risk avoidance
- Risk mitigation
- Probability minimisation
- Impact minimisation
- Transference
- Establishing reserves
- Execution, Evaluation and Update
- Risk Response monitoring and control
- Execute risk strategies
- Contingency plans and work-arounds
- Risk evaluation
- Reassessing risk
- Risk documentation
“Very beneficial course with lots of tools & techniques that can be used in real business.” Mohamed Kassem,
Logistics Manager, Motorola
Free Resources
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Managing Risk for Projects and Programmes:
A Risk Management Handbook
By John Bartlett
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Public Course Information
Duration: 3 days
Professional Development Units (PDUs): 22.5
Fee: £1495 excl. VAT
* PMI® members get 15% off this course.
Valid membership number required.
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For more information on public courses click here (opens in a new window)
Course Dates (click on a date to book)
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E-Training Course Information
Course Code: RSK520
Access: 42 days
Professional Development Units (PDUs): 28
Fee: £795 excl. VAT
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To register or for more information on e-Training click here
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This course is available through MyESI™ – test your knowledge before you attend class with our pre-course assessment and access targeted course content after you leave class. Create a FREE MyESI account when you register for a course…click here for more details.
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This course is available as in-house corporate training. Available to groups of 10 or more (please note this is a guideline). To find out more about corporate training for your organisation click here.
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