Project risk management

Summary

Whatever the size or type of your project it will contain some risk, which, if not managed correctly will cause your project to be less successful than it should be, or even fail completely.

This course addresses the challenges of risk management and describes a range of tools and techniques to help you manage risk effectively and increase the chances of project success.

The programme is delivered by project management experts who will provide a practical guide to the application of risk management tools and techniques.

The course incorporates practical sessions and case studies to ensure you have the opportunity to apply the tools and techniques being presented.

Who should attend?

Project Managers, Team Managers, or personnel in a project assurance or project support role.  Delegates with previous basic knowledge of project management should be able to use the techniques in a live project after the course. 

How will I benefit?

After the course you will be able to:

• Deploy a structured framework for risk management
• Use a range of practical tools and techniques to help identify, assess, plan and implement responses to risks
• Understand the roles and responsibilities associated with risk management
• Manage project risks
• Monitor and communicate risk status effectively
• Use the language of risk management
• Gain confidence in applying risk management techniques in an engineering context

Key topics

Risk Management Process

Techniques for risk identification (both threats and opportunities)

Techniques associated with risk analysis using:

• quantitative analysis using a probability and impact grid
• qualitative techniques including decision trees, influence diagrams and expected monetary value

Risk mitigation actions for threats and opportunities

Risk appetite, risk tolerance

Risk ownership

Use of a risk budget

Risk from different perspectives – customer or supplier

Benefits of risk management

Risk management in practice:

• Analysis and evaluation of a risk management strategy based on HS2

Meet our trainers

These trainers regularly teach Project risk management.