Project Risk Management Course Overview

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 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 Risks Masterclass Certificate
  • Digital Delegate Pack

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Why choose us

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Project Risk Management Course. 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 Project Risk Management Course, 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.

Experience the most sought-after learning style with The Knowledge Academy's Project Risk Management Course. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Project Risk Management Course sessions.

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Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

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State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

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Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

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Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite Project Risk Management Course 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

Leverage benefits offered from a certification that fits your unique business or project needs

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

Our Project Risk Management Course 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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Monitor employees progress

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

What our customers are saying

Project Risk Management Course 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 training 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.
There are no formal prerequisites for taking this course.
This 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 course spans 1 day.
Delegates can gain risk identification, assessment, analysis, prioritisation, mitigation, and monitoring skills. They'll learn to develop risk management plans, implement risk response strategies, and effectively communicate risks to stakeholders, enhancing project success and resilience.
After completing this 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 course.
The Knowledge Academy in the United Kingdom 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 the United Kingdom starts from £995
The Knowledge Academy is the Leading global training provider for Project Risk Management Course.
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Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Many delivery methods

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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