Course information

Project Risk Management Course Outline

Module 1: Why Project Risk Management?

  • Doomed Project
  • Risk
  • Opportunities and Risks
  • Benefits of Project Risk Management
  • Costs of Project Risk Management
  • Project Risk Management Process

Module 2: Planning for Risk Management

  • Project Selection
  • Overall Project Planning Processes
  • Defining Risk Management for the Project
  • Risk Management Infrastructure for the Organisation
  • PERIL Database

Module 3: Identifying Project Scope Risk

  • Sources of Scope Risk
  • Defining Deliverables
  • High-Level Risk Assessment Tools
  • Setting Limits
  • Work Breakdown Structure
  • Other Scope-Related Risks
  • Documenting the Risks

Module 4: Identifying Project Resource Risk

  • Sources of Resource Risk
  • Resource Planning
  • Staff Acquisition
  • Outsourcing
  • Cost Estimates and Budgets

Module 5: Managing Project Constraints and Documenting Risks

  • Analysing Constraints
  • Managing Opportunities
  • Scope Modification
  • Resource Modification
  • Schedule Modification
  • Assessing Options and Updating Plans
  • Seeking Missing Risks
  • Creating a Risk Register

Module 6: Managing Activity Risks

  • Categories of Risk
  • Risk Response Planning
  • Dealing with Risk Causes and Effects
  • Implementing Preventative Ideas
  • Documenting Your Risk Plans and Risk Owners

Module 7: Quantifying and Analysing Project Risk

  • Project Level Risk
  • Aggregating Risk Responses
  • Project Modelling and Simulations
  • Integrated Schedule/Cost Assessment
  • System Analysis
  • Critical Chain Considerations
  • Questionnaires and Surveys
  • Analysis of Scale
  • Project Appraisal
  • Scenario Analysis
  • Project Metrics
  • Financial Metrics

Module 8: Managing Project Risk

  • Project Documentation Requirements
  • Project Start-Up
  • Selecting and Implementing Project Metrics
  • Establishing Reserves and Managing for Contingency
  • Project Baseline Negotiation
  • Project Plan Validation
  • Specification Change Control

Module 9: Closing Projects

  • Project Closure
  • Project Retrospective Analysis

Module 10: Programme, Portfolio, and Enterprise Risk Management

  • Programme Risk Management
  • Portfolio Risk Management
  • Enterprise Risk Management

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Who should attend this Project Risk Management Course?

The Project Risk Management Training focuses on equipping attendees with advanced techniques, strategies, and tools for identifying, assessing, mitigating, and monitoring risks in project environments. This course can be beneficial for a wide range of professionals, including:

  • Project Managers
  • Project Team Members
  • Risk Managers
  • Programme Managers
  • Portfolio Managers
  • Business Analysts
  • Project Stakeholders
  • Project Control Officers

Prerequisites of the Project Risk Management Course

There are no formal prerequisites for attending this Project Risk Management Training.

Project Risk Management Course Overview

This Project Risk Management Training delves into the various aspects of Risk Management, including the phases of planning for it, identifying project scope risks, project resource risks, management of activity risks, and more. With ever-increasing complexities in project environments, mastery of risk management is paramount for success.

Proficiency in Managing Project Risks is indispensable for a diverse array of professionals. Project Managers, Team Leaders, and those aspiring to lead projects effectively must aim to master this subject. The ability to foresee, assess, and mitigate risks enhances project outcomes, ensuring timely delivery, cost-efficiency, and client satisfaction. Thus, professionals in various industries should prioritise honing their skills in this domain.

The Knowledge Academy’s intensive 1-day training equips delegates with practical tools and knowledge to effectively identify, evaluate, and mitigate risks within project scenarios. Through real-world case studies, interactive discussions, and expert guidance, delegates will gain a profound understanding of core risk management principles. They will learn to develop proactive risk strategies, strengthening their ability to meet project objectives and handle challenges seamlessly.

Course Objectives

  • To develop a comprehensive understanding of project risk management fundamentals
  • To learn to identify and classify risks in various project phases
  • To acquire skills in risk assessment and prioritisation
  • To master effective risk response strategies and contingency planning
  • To utilise industry best practices and tools for risk management
  • To gain insights into communication and reporting for risk mitigation
  • To enhance stakeholder engagement and transparency in risk management
  • To apply learned concepts through practical exercises and case studies

After completing this Project Risk Management Course, delegates will be equipped with valuable skills and knowledge to tackle risks effectively in their projects. They will become more proficient Project Managers, capable of reducing uncertainties, ensuring project success, and enhancing their career prospects.

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What’s included in this Project Risk Management Course?

  • World-Class Training Sessions from Experienced Instructors
  • Project Risk Management Certificate
  • Digital Delegate Pack

Why choose us

Our Montreal venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Montreal is the largest city in the province of Quebec and is the 9th largest city in the whole of the continent of North America. The city is named after the hill in the heart on the city called Mount Royal. It has and estimated population of roughly 1.65 million people. Education in Canada is mostly free and publicly funded. It is overseen by the federal, provincial and local governments, with the education within provincial jurisdiction and the curriculum overseen by the province. Education is compulsory in most provinces up to the age of 16. Parents can choose between sending their children to one of the public schools or they can sent them to a fee paying private school. Those who live in Montreal and find that picking a secondary school is a fraught decision involving school zones and ratings. Royal West Academy is one of the most prestigious schools in Montreal. It is a public Anglophone secondary school that performs excellently academically. Royal West Academy is part of the English Montreal School Board. The schools mission is to provide a structured environment for those who are committed to academic study. They offer top computer training courses and have an appreciation for the arts, social issues and community responsibilities. To enter this school students must pass an entrance exam due to the limit places that are available. Canada’s higher has a very good reputation. However there is no formal ranking system and students will often choose colleges and universities bases on geographic convenience and the reputation of a particular course. Montreal has the highest concentration of post-secondary students of all major cities in North America. There are 4 universities, seven degree awarding institutions and 12 CEGEPS (publicly funded pre‑university college in the province of Quebec) in a 5 mile radius. The University of Montreal is the second largest research university in the country. It is ranked 115th in the world and is the 5th highest ranked Canadian university in the world rankings. The university is affiliated with two other higher education institutions in the area; the École Polytechnique de Montréal (School of Engineering) and HEC Montréal (School of Business). The school of business is widely regarded as being one of the best business schools in Canada. The University of Montreal is a Francophone institute which means the lessons are taught predominantly in French.

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Address

Regus,
2001 University Street, Suite 1700
Montreal
Quebec
H3A 2A6

T: +1 6474932992

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Managing Project Risks Masterclass | Project Management Courses in Montreal. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Managing Project Risks Masterclass | Project Management Courses in Montreal, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

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Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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The course know-how will help you track and evaluate your employees' progression and performance with relative ease

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Managing Project Risks Masterclass | Project Management Courses in Montreal FAQs

Risk Management in Project Management involves identifying, assessing, and mitigating potential risks that could impact a project's success. It aims to minimise adverse outcomes and maximise opportunities by proactively addressing uncertainties throughout the project lifecycle.
Risk Management involves identifying, assessing, and mitigating potential risks to project success. It includes steps such as risk identification, analysis, response planning, monitoring, and documentation to minimise the impact of uncertainties on project objectives.
Project Risk Management helps identify, assess, and mitigate potential threats to a project's success. It enhances decision-making, improves project outcomes, saves costs, boosts stakeholder confidence, and fosters continuous improvement by learning from past experiences.
In Project Management, risks come in various forms, including technical, financial, operational, schedule, external, legal, market, and resource risks. Identifying and managing these risks is crucial to ensure project success and minimise potential negative impacts.
This Project Risk Management Course equips individuals with the skills to identify, assess, prioritise, and mitigate project risks. It covers risk management methodologies, tools, and techniques, enhancing delegates' ability to anticipate and address potential challenges throughout the project lifecycle.
The five Risk Management strategies in Project Management encompass avoidance, mitigation, transference, acceptance, and exploitation.
The seven Risk Management principles encompass a proactive approach, integration into organisational processes, structured assessment, customisation to context, informed decision-making, continuous improvement, and transparent communication.
The four main steps involved in Project Risk Management involve Risk Identification, Risk Assessment, Risk Treatment, and Risk Monitoring and Reporting.
The three stages in risk management are identification, assessment, and treatment. They involve identifying risks, assessing their likelihood and impact, and implementing strategies to mitigate or manage them effectively.
The highest salary of a Risk Manager ranges between £60,000- £70,000 per year. This can vary greatly depending on factors such as location, industry, level of experience, and the size and financial performance of the organisation.
In Risk Management, the highest-paying jobs are usually top management roles like 'Chief Risk Officer' (CRO) or 'VP of Risk Management'.
The ten golden rules for Project Risk Management emphasise early engagement, stakeholder involvement, systematic risk identification, objective assessment, effective prioritisation, strategic response planning, continuous monitoring, transparent communication, and learning from past experiences.
The seven key elements of current Risk Management standards typically include risk identification, risk assessment, risk analysis, risk evaluation, risk treatment, risk monitoring, and communication and consultation.
There are no formal prerequisites for taking this Project Risk Management Training Course.
This Project Risk Management Course is ideal for Project Managers, Team Leaders, Risk Managers, and anyone involved in project planning and execution. It suits individuals seeking to enhance their risk management skills and effectively mitigate project uncertainties.
The duration of this Project Risk Management Course spans 1 day.
Delegates will learn to develop risk management plans, implement risk response strategies, and effectively communicate risks to stakeholders, enhancing project success and resilience from this Project Risk Management Course.
After completing this Project Risk Management Course, career opportunities include Risk Manager, Project Manager, Risk Analyst, Risk Consultant, and Compliance Manager in various industries such as finance, construction, healthcare, and IT, offering competitive salaries and growth prospects.
Yes. Delegates will receive a certificate upon successfully completing this Project Risk Management Course.
The Knowledge Academy in Montreal is a prestigious training provider known for its extensive course offerings, expert instructors, adaptable learning formats, and industry recognition. It's a dependable option for those seeking this Project Risk Management Certification.
The training fees for Project Risk Management Course certification in Montreal starts from CAD1695
The Knowledge Academy is the Leading global training provider for Project Risk Management Course.
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Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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