Project Risk Management: Key Concepts For Everyone

Why Is This Course?

Projects deliver change and business value. Projects are risky undertakings and hence the requirement for project risk management. This course presents the basic or key concepts of project risk management that are frequently overlooked, thereby providing a strong foundation for aspiring practitioners of this field. The course includes a real life case study to illustrate the key learning points. This course emphasises enhancing project risk culture to optimize change and business value.

This course is endorsed by the Australian Institute of Project Management (AIPM).

Main Benefits.

About This Course

This practical training can be completed in 2 or 3 days or 12 to 18 hours. The course material is organised in section and there is a ‘Test Yourself Assessment’ at the end of each section. A Certificate of Completion is awarded upon successful completion of these assessments.

At the end of this training you will learn:

1) how project management practitioners at work can position and structure their project risk management practice,

2) how to create a shared understanding of project risk management with a common risk language,

3) an appreciation of the value added by project risk management processes to your project,

4) how to create a project risk zone of attention (ZOA),

5) how and when to use qualitative and quantitative project risk management

6) project risk reporting that is accurate, comprehensive, clear and useful and

7) an appreciation of the importance of project risk management processes through a real life case study.

Project risk culture refers to the shared insights, norms, knowledge and understanding of managing uncertainty in projects. Projects deliver change and business value. Projects are risky endeavors. Our adage is enhancing project risk culture to optimize change and business value. This practical training event is delivered through a downloadable training manual. You do the training and the assessments at your own pace. Online support can be provided where required.

This training manual, includes a case study to illustrate the methodology, and can be completed in one day. The case study further illustrates the usefulness and application of the methodology, and demonstrates the capabilities of this methodology to gauge risks on a project portfolio basis. Best practices on validating, and reporting, project risk aggregation findings are also provided

Who is this course for

This training is intended for project management practitioners, including but not limited to project managers, project engineers, contracts managers, project control managers, project cost estimators, project planners, project cost controllers, risk managers, quantity surveyors, and procurement managers. The course is equally ideal for those who require an understanding of project risk management practices on their projects.