Risk Management Tools and Techniques

Overview

risk management workshopRisks in any projects cannot be avoided. Effective risk management is recognised as an important factor in success of  projects. Every successful project has identified, assessed, and mitigated risks to delivering projects that adheres to time-frames, budgets, and quality requirements.

In this 2 days interactive Project Risk Management workshop, participants will be exposed to :

  • Tools and techniques of  managing risks in projects 
  • Causes of risk  and it’s impact                                         
  • Creating a Risk Management Plan
  • Risk identification approaches
  • Developing a Risk Register and Risk Response Plan
  • Critical Paths in Risk Management
  • Earned Value Management in Risk Management
    FUNDAMENTAL OF RISK & RISK MANAGEMENT
  • Goals of Project Risk Management
  • Why Manage Risks
  • Benefits Of Risk Management
  • Risk Causes & Effects
    RISK MANAGEMENT PLANNING
  • Understanding the Project Environment
  • Planning for Risk Management Process
  • Components of a Risk Management Plan
  • Focusing on the Project Objective/ Scope
    RISK IDENTIFICATION PROCESS
  • Risk Identification & Assessment
  • Approaches to Risk Identification
  • Developing a Risk Register
  • Risk Categories
  • Probabiliity & Impacts
  • Risk Triggers & Risk Rating
    PLANNING & SCHEDULING
  • Work Breakdown Structures (WBS)
  • Schedule diagramming & Critical Path Method (CPM)
  • Review of Cost & Schedule
  • Estimating in Relation to Risk
  • Earned Value Management
    QUALITATIVE & QUANTITATIVE RISK ANALYSIS
  • Introduction to Qualitative & Quantitative Risk
  • Analysis and Comparison between Qualitative & Quantitative Risks
    RISK RESPONSE PLANNING-RRP
  • Developing a Risk Response Plan
  • Documentations for RRP
  • Tools & Strategies for RRP
  • Contigency Reserves & Management Reserves
    RISK MONITORING & CONTROL
  • Risk Management Cycle
  • Risk Management Activities
    • Risk Management Control Documentations
    RISK REPORTING
  • Communication Structures
  • Accountability Check Points
  • PRO ACTIVE PROJECT MANAGEMENT

Participants should have a been exposed to  project management and should have basic understanding of project risk management. 

Who Should Attend:

  • Project Managers
  • Project Team Members
  • Project Supervisors
  • Project Coordinator
  • Project Planners
  • Those who are involved in planning and implementing projects

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