APM Project Risk Management Level 1 in Hong Kong

APM Project Risk Management Level 1 Certification Outline

Module 1: General

• Definitions
• Background to Project Risk Management

Module 2: Benefits

• Hard Benefits of Project Risk Management
• Soft Benefits of Project Risk Management
• Threats to Effective Risk Management

Module 3: Principles

• Risk as Threat and Opportunity

Module 4: Process

• Different Phases of the Pram Process
• Initiate
• Identification of Risks
• Assess
• Assess Risks Qualitatively and Quantitatively
• Plan Responses
• Selection of Appropriate Risk Response Strategies Dependent on Importance of the Risk Event and Cost Benefit of The Response

Module 5: Organisation And Control

• The Risk Management Plan
• Responsibilities of Different Roles in The Risk Management Process:
• Sponsor
• Project Manager
• Risk Process Manager
• Risk Manager
• Risk Owner
• Action Owner
• Control of The Process – Risk Management Plan, Risk Register, Risk Analysis, Risk Status Reports, Risk Reviews, Lessons Learnt
• Project Contingency or Management Reserve

Module 6: Behaviour

• Risk Attitude of Individuals
• The Risk Attitude Spectrum
• Risk-Averse
• Risk-Tolerant
• Risk-Neutral
• Risk-Seeking
• Biasing Influences on Individual Risk Attitude – The Triple Strand:
• Situational Factors
• Subconscious Factors
• Affective Factors – Feelings and Emotions
• Biasing Influences on Group Risk Attitude Including:
• Groupthink
• The “Moses Factor” (Or “Follow the Leader”)
• Risky and Cautious Shift
• Cultural Conformity Including the Influence of National Cultural Differences

Module 7: Application

• Introducing Risk Management into an Organisation
• Getting Buy-In to Risk Management

Module 8: Risk Identification Technique

• Uses of Different Risk Identification Techniques Such As:
• Assumptions Analysis
• Constraints Analysis
• Checklists
• Prompt Lists
• Brainstorming
• Interviews
• Swot Analysis
• Delphi Technique
• Qualitative Risk Assessment
• Uses of Different Qualitative Risk Assessment Techniques
• Prioritisation Of Risks Based on Probability, Impact and Proximity
• Quantitative Risk Assessment
• Uses of Different Quantitative Risk Assessment Techniques
• Risk Response
• Uses of Different Techniques for Responding to Risks

APM Project Risk Management Level 1 Exam Information

The APM Project Risk Management Level 1 Certification Exam assesses participants on their understanding of the key concepts, principles, and processes of project risk management. This certification helps individuals gain a solid foundation in risk terminology, risk identification, risk analysis, and effective response planning within a project environment.

• Type of Questions: Multiple Choice Questions
• Total Questions: 60 Questions
• Total Marks: 60 Marks 
• Pass Marks: 60%
• Duration: 1 Hour
• Open Book/Closed Book: Closed Book

Who Should Attend this APM Project Risk Management Level 1 Course?

This training is suitable for professionals involved in projects who want to strengthen their understanding of Project Risk Management. It is also beneficial for those looking to develop their skills or take on greater responsibilities in managing project risks, including:

• Project Manager
• Risk Manager
• Project Coordinator
• Business Analyst
• PMO Analyst
• Project Team Member
• Risk Analyst
• Project Support Officer

Prerequisites for the APM Project Risk Management Level 1 Course

There are no formal prerequisites to attend this APM Project Risk Management Level 1 Training Course. However, a basic understanding of project management concepts can help delegates engage more effectively with the course content.

APM Project Risk Management Level 1 Course Overview

APM Project Risk Management Level 1 provides a structured understanding of Project Risk Management and its importance in supporting successful projects. It covers risk principles, threats and opportunities, the risk management process, and approaches to identifying and assessing project risks.

Delegates will develop skills in qualitative and quantitative risk assessment, selecting suitable risk responses, and understanding risk management roles and controls. They will also gain insight into how individual and group attitudes can influence risk-related decisions.

This 2-Day course by The Knowledge Academy enables delegates to apply structured risk management practices within project environments. They will be better equipped to prioritise risks, select appropriate responses, maintain effective risk controls, and contribute to more informed project decisions.

APM Project Risk Management Level 1 Course Objectives

• To understand the core principles and processes of Project Risk Management
• To identify project risks using appropriate risk identification techniques
• To conduct qualitative and quantitative risk assessments
• To explore suitable strategies for responding to project risks
• To examine key roles, responsibilities, and controls in the risk management process
• To recognise how individual and group attitudes can influence risk management decisions

Learning Outcomes of this APM Project Risk Management Level 1 Course

Upon completing this course, delegates will be equipped with the knowledge and skills to identify, assess, and respond to project risks effectively. They will also be better prepared to apply structured risk management practices and contribute to successful project outcomes.

What's Included in this APM Project Risk Management Level 1 Course?

• APM Project Risk Management Level 1 Examination
• World-Class Training from Experienced Instructors
• Interactive Learning with 24*7 Support
• Digital Delegate Pack