Risk management attempts to deal with adverse threats to businesses in an organized and systematic manner.  The project managers job should not focus on dealing with problems, but preventing them. This course will be conduced by a risk management professional who will address processes pertaining to assessing, quantifying, analyzing, and planning for the abatement or avoidance of risks

EXPECTED ACCOMPLISHMENTS

• Plan risk  management and manage the risk register
• Identify project risks using different techniques
• Perform qualitative risk analysis to determine the overall project risk score
• Perform quantitative risk analysis by utilizing techniques such as decision tree analysis
• Plan strategies for negative and positive risks
• Review and control project risks through reassessments and audits

TARGET AUDIENCE

Project managers, risk managers, project team members, functional managers and procurement officers

COURSE DETAILS

Introduction

• Risk description and definition
• Risk categorization
• Modern utility theory of risks
• Risk processes and approaches

Planning for Risk 

• Identifying Risks
• Brain storming
• Root cause identification
• Delphi technique
• SWOT Analysis
• Diagraming Techniques
• Risk breakdown structure
• Qualitative risk analysis
• Quantitative risk analysis
• Risk responses

Implementing Risk Responses

• Implementing risk response
• Fall back plan
• Work around

Monitoring and Controlling Risks

• Variance analysis
• Work around
• Risk audits