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Risk Management is a critical discipline that helps people better manage uncertainty and threats, and Risk Management for Project Managers explores the topic as it applies to projects and programs of a technical nature. Comprehensive in scope and designed for all stakeholders who want to proactively mitigate the effects of risk, this course covers all the fundamental aspects related to risk management, including planning, identification, assessment, quantification, analysis, mitigation and tracking & reporting. A wide spectrum of risk management tools and techniques will be explored, along with the “softer” disciplines of psychology and human interaction.

The ability to quantify and manage risks before and during a project is a key skill required of all project managers. In this training course, you learn how to identify, measure, and analyze risks in projects of all sizes and scopes, and how to ensure the success of your projects from beginning to end by quantifying and creating risk response strategies.

Thamrong Phansura

Very impressive 1-day session I had a chance to attend 1-day course PMP exam prep session with Mr. Petros Rigas. He said it was his first time to deliver all the PMBOK contents in one day. However, with his expertise in PMBOK knowledge and his amazing presentation skill, he captured all the important points and [...]

Select and Register for Risk Management Fundamentals

Course Schedule Shortly Updated Soon...


Key Features of Risk Management Fundamentals Training

Benefits Achieved

  • Understand how risk can impact a program
  • Understand all of the steps of a comprehensive risk management approach
  • Identify various tools and techniques to employ for risk management
  • Be able to determine which risk mitigation approach to choose using the concept of risk reduction leverage
  • Discuss and explore ideas, concerns and issues related to risk management
  • Manage risk to deliver initiatives that meet stakeholder needs
  • Apply scalable templates for your initiative with Risk Management Plans, Risk Registers, and Risk Assessment Matrixes
  • Leverage a proven qualitative risk-analysis process to guide your risk management decisions

Instructor

  • Highly experienced speaker and trainer
  • Certified Project Management Professional PMP®
  • Certified Risk Management Professional PMI-RMP®
  • Vice President at one of the largest Thai Telecommunications conglomerates
  • Managed large Projects and Programs in Thailand and South East Asia
  • Director and Volunteer at PMI Thailand Chapter in the last 7 years
  • Instructor at various Thai and International Universities in Thailand
  • Passionate about Project Management

Who Should Attend

This workshop is designed for managers, engineers, and other individuals who are involved with projects and need to understand risk management and how to deal with it in a proactive manner.

Prerequisites

No pre-requisites required.

Course Duration

2 days. PMPs are eligible for 14 PDUs

Course Content

  • Proactive risk management and its key elements
  • Definitions, including the different faces of risk: opportunity and threat
  • Three key risk components involved in the nature of risk
  • Risk categories including the use of the Risk Breakdown Structure (RBS)
  • Risks versus Issues
  • Goals of risk management
  • Nature of risk and why risk identification is difficult
  • How risk can impact your project
  • Life cycle truths that drive early risk management efforts
  • Psychology of risk

  • Key inputs for planning risk management
  • How to build the plan
  • Essential content

  • How to perform a qualitative risk analysis
  • How to perform a risk data quality assessment
  • How to determine overall project risks
  • How to prioritize those risks that must be managed

  • Calculating expected loss
  • Calculating expected opportunity
  • Use of probability distributions
  • Sensitivity analysis
  • Decision Trees

  • Modelling and Simulation

  • Techniques for dealing with risk
  • Techniques for dealing with opportunities
  • Cost analysis of responses using Risk Reduction Leverage
  • Risk Response Matrix
  • Tips and Advice on Risk Responses
  • Risk Triggers
  • Risk Owners: roles and responsibilities
  • Residual risk
  • Risk exit criteria
  • Contingencies and reserves in risk management

  • Tracking Fundamentals
  • Tools and Techniques
  • Dealing effectively with new risks
  • Risk Reporting
  • Tips on having a successful risk management effort

Download detailed course syllabus

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