Informa House
30-32 Mortimer St
London W1W 7RE
Tel: +44 (0)20 7017 7100

    
Core Essential Project Management

Risk Management

Start taking a proactive approach to risk and learn how to spot opportunity and threat.

 

 

public courses
Public Classroom

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

PDF document    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

Click an indivdual topic title to expand/contract it or
Expand All Topics | Contract All Topics

  1. Introduction to Risk
    1. Definition and characteristics of "risk"
    2. Elements and factors of risk
      • Event (future occurrence)
      • Probability (uncertainty)
      • Impact (amount at stake)
    3. Types of risk
    4. Components of risk management
      • Identification
      • Quantification
      • Response development
      • Response control
  2. Risk Management Planning and Identifying Risks
    1. Risk management planning
    2. Risk identification
    3. Idea generation tools and techniques
  3. Analysis Fundamentals
    1. Probability and impact
    2. Presenting risk
      • Narrative
      • Qualitative
      • Quantitative
    3. Probability analysis
  4. Analysing and Prioritising Risk
    1. Determining risk tolerances
    2. Analysing risks
    3. Establishing and evaluating profitability
    4. Risk-based financial tools and techniques
    5. Expected-value analysis
    6. Decision trees
    7. Prioritising risks
  5. Risk Response Planning
    1. Risk response strategies for opportunities and threats
    2. Risk acceptance
    3. Risk avoidance
    4. Risk mitigation
      • Probability minimisation
      • Impact minimisation
      • Transference
    5. Establishing reserves
  6. Execution, Evaluation and Update
    1. Risk Response monitoring and control
    2. Execute risk strategies
    3. Contingency plans and work-arounds
    4. Risk evaluation
    5. Reassessing risk
    6. Risk documentation

Very beneficial course with lots of tools & techniques that can be used in real business.

Mohamed Kassem,
Logistics Manager, Motorola


Free Resources

Managing Risk for Projects and Programmes:
A Risk Management Handbook
By John Bartlett

Free book included

 
OpenCube