Advanced Project Risk Analysis & Management

Effective Project Risk Analysis and Management lies at the very core of successful project delivery. Project failure results in the failure to achieve the organization’s financial and strategic objectives, often with sizable increases in project cost and with substantial financial losses to the organization.

Accordingly, the systematic identification, quantification, and analysis of project risks, as well as the development of detailed risk treatment strategies to mitigate all relevant risks that threaten the intended outcomes of the project, are essential to the achievement of project success.

This 5-day training programme on Project Risk Analysis and Management will enable delegates to apply the tools and techniques of modern project risk management effectively in order to deal with a wide variety of risks and uncertainties related to the project.

The important features of the Project Risk Analysis and Management training course are:

• Identify risk categories related to your organization’s operations and projects
• Identify project-specific risks and uncertainties related to design, planning, operation and maintenance
• Use a proven set of skills and techniques for the quantification, analysis and mitigation of identified risks, and
• Develop a systematic and dynamic Risk Management Plan

By attending this course, delegates will learn how to:

• Identify project-specific risks and uncertainties related to the various project phases, including the project schedule
• Use qualitative and quantitative methods to assess the exposure of the project to particular risks in real and measurable terms
• Prioritize and rank risks in order to deal with them systematically
• Apply the concept of expected monetary value to develop adequate contingency levels
• Employ the six primary risk treatment strategies to develop pro-active responses to potential risks
• Apply a dynamic risk mitigation process to reduce the risk profile in order to comply with organizational thresholds

The Project Risk Analysis and Management training programme is designed for all staff members responsible for, or involved in project risk management, e.g.

• Project managers and project leaders
• Project planners and scheduling staff
• Project risk management staff
• Production and operations engineers
• Other project professionals

Delegates will develop advanced project risk management skills and knowledge through formal and interactive learning methods. The program includes individual exercises, team projects, applicable case studies, group discussions and video material that will bring to life the skills acquired throughout the course.

The material has been designed to enable delegates to apply all of the material with immediate effect at the office.

Additionally, the seminar does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of project risk management.

Pre & Post course assessments will be used to measure the effectiveness of this training.