Course Information

Technical Project Management skills. Hard skills for project success.

This Project Risk Management course offers an in-depth understanding of the methodologies and techniques essential for identifying, analysing, and mitigating risks in projects. Designed for project professionals and teams, this course equips participants with the skills to anticipate potential challenges, develop proactive risk responses, and implement strategies to minimise the impact on project objectives.

By mastering risk management practices, participants will enhance their ability to safeguard project success, ensuring projects are delivered on time, within scope, and on budget, while achieving desired outcomes.

Aims

The aim of this course is to provide project professionals with a sound understanding of risk management processes and strategies. Upon completion of this course, participants should be able to identify potential project risks, assess their impact, and apply appropriate risk response strategies to mitigate negative outcomes, thereby improving project predictability and success rates.

Outcomes

By the end of this course, you should be able to:

• identify and categorise potential risks that can affect project objectives
• perform qualitative and quantitative risk analyses to prioritise risks based on their probability and impact
• develop effective risk response plans to address identified risks
• implement risk monitoring and control processes to track and manage risks throughout the project lifecycle
• communicate risk status and mitigation strategies effectively to stakeholders
• create a comprehensive risk management plan that integrates with overall project planning.

Content

• Introduction to project risk management
• Key risk management concepts and terminology
• Risk management processes
• Developing a risk management plan
• Risk identification techniques
• Qualitative and quantitative risk analysis
• Risk response planning (avoid, transfer, mitigate, accept)
• Implementing risk monitoring and control mechanisms
• Risk communication strategies
• Case studies: real-world project risk management scenarios
• Tools and techniques for risk documentation (risk registers, risk matrices)
• Post-project risk review and continuous improvement

Intended audience

This course is suitable for anyone required to assess and manage risks as part of their role. The intended audience includes:

• Project managers and coordinators
• Project team members involved in project planning and execution
• individuals seeking to improve their ability to identify, analyse, and mitigate project risks
• anyone responsible for safeguarding project objectives and ensuring project success.

Prerequisites

Basic knowledge of project management principles is recommended but is not mandatory.

Delivery modes

• Face-to-face, presenter-taught training
• Online workshop via the platform Zoom

Recommended reading

A Guide to the Project Management Body of Knowledge (PMBOK® Guide), (2017), 6th Edition, Project Management Institute. The sections on Project Risk Management Processes are particularly useful.

The Standard for Risk Management in Portfolios, Programs, and Projects (2019), Project Management Institute.