Methodology

The course uses interactive techniques, such as brief presentations by consultant and participants. The course also features several group exercises and simulations

Course Objectives

By the end of the course, participants will be able to:

Define the basic terms related to risk and establish a solid risk management framework

Set up plans for risk management and manage the risk register

Identify project risks using different techniques

Perform a qualitative risk analysis to determine the overall project risk score

Complete a quantitative risk analysis by utilizing techniques such as Monte Carlo simulation and decision tree analysis

Develop effective response strategies for positive and negative risks according to their priorities

Review and control project risks through reassessments and audits

Target Audience

This course has been designed for project risk managers, risk owners, project managers, members of the project office, project sponsors, functional managers, senior management and individuals interested in project risk management.

Target Competencies

Planning risks

Identifying risks

Assessing risks

Evaluating responses

Monitoring and reporting risks