Risk management

One of the pivotal success factors in project management is the ability to identify, analyze and manage risks in the project.

Course description:

You learn to identify risks, perform risk assessments and select appropriate methods and tools for your project.

Target group:

The primary audiences for this training are: Client, steering group members, project managers, subproject managers and team leaders.

Prerequisites:

Project Management step 1 or equivalent.

Method:

Feasibility study, preparation materials, energetic lectures, discussions, practical exercises and case studies. We follow the project life cycle with IAD Focus® model.

Course documents available for download to iPad or computer:

  • Comprehensive course documentation with slides, checklists, templates and exercises.
  • Literature: Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project [Kindle Edition] Tom Kendrick.
  • Diploma obtained after completed training.

Contents:

Introduction

  • Risks, uncertainties, possibilities.
  • Identify, analyze and respond to risk.
  • Building the risk analysis team
  • Different methods for risk analysis.
  • Strengths and weaknesses with different methods.
  • Phases of risk management.

Limitation for the risk analysis

  • Conditions for the analysis.
  • Limitations
  • Scope

Risk assessment

  • Different types of risks.
  • Qualitative risk.
  • Quantitative risk.
  • Methods for identification.
  • Grouping and scenario description.

Risk assessment

  • Quantification.
  • Rating, prioritization.
  • Assessment methods

Action planning

  • Actions and the impact of different actions.
  • Contingency plan.
  • Risk matrix
  • Processes.
  • Tools.
  • Techniques.
  • Templates.
  • Transfer of risks.

Monitoring and management of risks

  • Monitoring and management of risk.
  • Mistakes and traps in risk management.
  • Risk management, project planning and project management.

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