Introduction
Every project comes with its own set of risks, which can lead to delays, cost overruns, or failure if not managed effectively. This course is designed to provide participants with a deep understanding of the principles and practices necessary for effectively managing risks throughout the project lifecycle. It covers essential risk management processes, including risk identification, qualitative and quantitative analysis, response planning, and monitoring. Participants will learn how to apply these concepts to boost their ability to minimize risks and make the most of opportunities, driving successful project outcomes.
Course Outline
- Module 1
- Module 2
- Module 3
- Module 4
- Module 5
- Course Objectives
- Target Audience
Risk Measurement
- Project risk and its significance.
- The risk management process.
- Common types of project risks.
- The role of the project manager in risk management.
- Risk Tolerance and Appetite
- Common challenges in risk management.
Risk Identification and Analysis
- Risk identification techniques.
- How to document identified risks in a risk register.
- Qualitative and quantitative risk analysis.
- Risk breakdown structures (RBS).
- Identifying opportunities.
- Risk prioritization techniques.
Risk Response Planning
- Risk response strategies.
- Contingency plans for high-priority risks.
- Assigning responsibilities for risk responses.
- Monitoring triggers for risks.
- Budgeting for risk management activities.
- Communicating risk responses to stakeholders.
Monitoring and Controlling Risks
- Processes for monitoring the identified risks.
- KPIs to track the effectiveness of risk management efforts.
- Regular reviews of the risk register and response plans.
- Monitoring residual and secondary risks.
- Linking risk management with schedule, cost, and scope control.
- Strategies for adjusting plans based on risk updates.
Risk Management Tools and Techniques
- Exploring tools like Microsoft Project, Primavera, etc.
- Applying quantitative analysis to forecast risk impacts.
- Evaluating multiple risk response scenarios.
- Understanding how variations in project factors affect overall risk.
- Identifying underlying causes of risks to prevent recurrence.
By the end of this course, participants will be able to:
- Explore the fundamentals and importance of risk management in achieving project objectives.
- Learn techniques to identify potential risks and opportunities that could impact project success.
- Apply qualitative and quantitative methods to assess the likelihood and impact of identified risks.
- Explore tools for creating risk mitigation and response strategies.
- Learn how to monitor, control, and report risks throughout the project lifecycle.
- Equip participants with practical tools for effective risk management.
This course is ideal for:
- Project Managers.
- Risk Managers.
- Operations Managers.
- Team Leaders.
- Business Analysts.
- IT Professionals.
- Product Managers.
- Quality Assurance Managers.
Course Schedule & Fees
- Kuala Lumpur
- Singapore
- Amsterdam
- Online
- Course Fees
This course will take place in Kuala Lumpur on the following dates:
| 19/05/2025 | 02/06/2025 | 16/06/2025 | 30/06/2025 |
| 14/07/2025 | 28/07/2025 | 11/08/2025 | 25/08/2025 |
| 08/09/2025 | 22/09/2025 | 06/10/2025 | 20/10/2025 |
| 03/11/2025 | 17/11/2025 | 01/12/2025 | 15/12/2025 |
| 29/12/2025 | 12/01/2026 | 26/01/2026 | 09/02/2026 |
This course will take place in Singapore on the following dates:
| 12/05/2025 | 02/06/2025 | 23/06/2025 | 14/07/2025 |
| 04/08/2025 | 25/08/2025 | 15/09/2025 | 06/10/2025 |
| 27/10/2025 | 17/11/2025 | 08/12/2025 | 29/12/2025 |
| 19/01/2026 | 09/02/2026 |
This course will take place in Amsterdam on the following dates:
| 05/05/2025 | 26/05/2025 | 16/06/2025 | 07/07/2025 |
| 28/07/2025 | 18/08/2025 | 08/09/2025 | 29/09/2025 |
| 20/10/2025 | 10/11/2025 | 01/12/2025 | 22/12/2025 |
| 12/01/2026 | 02/02/2026 | 23/02/2026 |
This course will take place Online the following dates:
| 27/05/2025 | 24/06/2025 | 22/07/2025 | 19/08/2025 |
| 16/09/2025 | 14/10/2025 | 11/11/2025 | 09/12/2025 |
| 06/01/2026 | 03/02/2026 |
| Kuala Lumpur | Singapore | Amsterdam | Online |
| USD$ 3,580 | USD$ 5,600 | USD$ 5,600 | USD$ 1,920 |
