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Managing Project Risk

Course Provider

Dates

Duration

19th September 2012

1 Day

Venue

Bewley's Hotel, Ballsbridge, Dublin 4

Course Fees

Full Fee: €450

Network Members Fee: €300

Course Description

The Managing Project Risk Workshop is a 1-day intensive practical course designed to introduce delegates to the basic concepts of managing risk on projects. The course uses a practical process to

  • Identify
  • Analyse
  • Quantify
  • Prioritise
  • Respond to
  • Manage and Control

The many risks associated with the project. Delegates can then take this process and apply it to their own project risks.

Target Audience

This course is primarily aimed at Project Managers. It is also suitable for those who manage or oversee project
resources, including project sponsors, team leaders, project leaders and project co-ordinators and would also be of
benefit to other project stakeholders.
Delegates should have at least a basic understanding of project management principles.

Course Objectives

On completion of this course, delegates will be able to apply the principles and process to their own projects and
thus be better able to deliver the desired outputs and business benefits. The delegates will be able to:

  • Understand project risk and its potential effects
  • Identify the process to follow on their own project
  • Understand who should partake in the risk process
  • Identify individual risks on their project
  • Formulate responses for the high priority risks
  • Construct a Risk Management Plan for the project

Course Content

  • Introduction to Risk Management
    • Defining and categorising risk
    • Types of risk
    • The components of risk management
    • The people involved
  • The Risk Management Plan
    • Defining the project from a risk management perspective
    • Planning the Risk Management Strategy
    • Defining Objectives and Deliverables
    • The Risk Budget
  • Identifying Project Risk
    • Inputs to identification
    • Tools and Techniques
    • Documentation
  • Analysing Project Risk
    • Risk Probability approaches
    • Qualitative versus Quantitative approach
    • Impact analysis
    • Tools and Techniques
    • Prioritising the Risk
  • Responses
    • Threats and Opportunities
    • Response strategies
    • Acceptance
    • Avoidance
    • Mitigation
  • Management and Control
    • Risk Response control
    • Risk evaluation
    • Contingency plans and workarounds
    • Documentation