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

Who should attend this APM Project Risk Management Level 1 Certification?

The APM Project Risk Management Level 1 Certification is tailored for individuals looking to enhance their understanding of risk management within a project environment. This course is particularly useful for the following professionals:

• Project Managers
• Risk Managers
• Project Coordinators
• Business Analysts
• PMO Staff
• Project Team Members
• Individuals aspiring to work in project risk management

Prerequisites of the APM Project Risk Management Level 1 Certification

There are no formal prerequisites for the APM Project Risk Management Level 1 Certification.

APM Project Risk Management Level 1 Certification Overview

Project Risk Management is a fundamental discipline in project management that involves identifying, assessing, and mitigating risks that could impact a project's success. It plays a crucial role in enhancing project resilience, optimising resources, and ensuring objectives are achieved on time and within budget. Effective risk management is integral across industries such as construction, IT, finance, and healthcare.

Proficiency in APM Project Risk Management Level 1 Certification is vital for Project Managers, Risk Analysts, PMO professionals, and team leaders. Gaining expertise in this area equips professionals with the ability to proactively handle uncertainties, improve decision-making, and enhance project outcomes. It is particularly valuable for those aiming to manage complex projects in dynamic environments.

The Knowledge Academy’s course introduces delegates to the foundational principles of project risk management, aligned with APM's Body of Knowledge. Through instructor-led sessions, practical exercises, and real-world examples, delegates will gain a strong understanding of risk identification, qualitative and quantitative risk analysis, and risk response planning within a project context.

APM Project Risk Management Level 1 Certification Course Objectives:

• To understand the core principles and processes of project risk management
• To identify and categorise potential risks in a project lifecycle
• To conduct qualitative and quantitative risk assessments
• To explore various risk response strategies and mitigation techniques
• To enhance stakeholder communication and risk reporting
• To align risk management practices with APM standards

Upon completing this course, delegates will be equipped with the knowledge and skills required to manage project risks effectively and pursue the APM Project Risk Management Level 1 Certification, strengthening their role in project success.

What's included in this APM Project Risk Management Level 1 Certification?

• APM Project Risk Management Level 1 Examination
• World-Class Training from Experienced Instructors
• APM Project Risk Management Level 1 Certificate
• Digital Delegate Pack

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