Managing Project Risks Masterclass | Project Management Courses in Hong Kong

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Project Risk Management Course

Hong Kong

Learn risk identification and mitigation plans with this Project Risk Management Course
Gain skills to manage uncertainties and enhance project success
Understand how to integrate risk management into project planning

Dates & Prices Dates & Prices

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

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.

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 Hong Kong 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.

Hong Kong is an autonomous territory of the People’s Republic of China and can be located on the southern coast of China. Hong Kong has a population of around 7 million people. The education system in Hong Kong is mostly based around the English system and it is overseen by the Education Bureau and the Social Welfare Department. One of the earliest schools in Hong Kong was Li Ying College established in 1075. The education level begins with preschool education that is payable education, paid by pupil’s parents. The primary and secondary education is mandatory for every child in Hong Kong to attend from the age of 6 to 18. Higher education remains exclusive in Hong Kong and adult education is a growing sector in Hong Kong, with two non-profit school running evening courses. The University of Hong Kong was founded in 1911 and is the oldest tertiary (higher education) institution in Hong Kong and is organised into 10 academic faculties with English as the main language of instruction. The Education Bureau in Hong Kong also provides educational services for immigrant children from mainland China and other countries. Hong Kong also has 175 internal schools.

Address

62/F & 66/F
The Center
99 Queens Road
Central
Hong Kong

T: +852 2592 5349

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 Hong Kong. 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.

Learn more in our FAQs

Unlock your potential with The Knowledge Academy's Managing Project Risks Masterclass | Project Management Courses in Hong Kong, 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.

Learn more in our FAQs

What our customers are saying

Managing Project Risks Masterclass | Project Management Courses in Hong Kong FAQs

What is Risk Management in Project Management?

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.

What are the steps involved in Risk Management?

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.

What are the benefits of Project Risk Management?

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.

What are the types of risks in Project Management?

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.

What is the scope of Project Risk Management Training Course?

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.

What are the 5 Risk Management strategies in Project Management?

The five Risk Management strategies in Project Management encompass avoidance, mitigation, transference, acceptance, and exploitation.

What are the 7 principles of Risk Management?

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.

What are the 4 main steps of Project Risk Management?

The four main steps involved in Project Risk Management involve Risk Identification, Risk Assessment, Risk Treatment, and Risk Monitoring and Reporting.

What are the 3 stages involved in Risk Management?

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.

What is the highest salary of a Risk Manager?

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.

What is the highest position in the Risk Management field?

In Risk Management, the highest-paying jobs are usually top management roles like 'Chief Risk Officer' (CRO) or 'VP of Risk Management'.

What are the 10 golden rules for Project 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.

What are the 7 key elements of current Risk Management standards?

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.

Are there any prerequisites for taking this Project Risk Management Course?

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

Who should attend this Project Risk Management Training?

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.

What is the duration of this Project Risk Management Certification Course?

The duration of this Project Risk Management Course spans 1 day.

What kind of skills can be gained from this Project Risk Management Training Course?

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.

What are the career opportunities after completing this Project Risk Management Training?

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.

Will I receive a certification upon completing this course?

Yes. Delegates will receive a certificate upon successfully completing this Project Risk Management Course.

Why choose The Knowledge Academy in Hong Kong over others?

The Knowledge Academy in Hong Kong 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.

What is the cost/training fees for Project Risk Management Course certification in Hong Kong?

The training fees for Project Risk Management Course certification in Hong Kong starts from HKD7995

Which is the best training institute/provider of Project Risk Management Course in Hong Kong?

The Knowledge Academy is the Leading global training provider for Project Risk Management Course.

What are the best Project Management Courses courses in Hong Kong?

Please see our Project Management Courses courses available in Hong Kong

Why choose us

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.

Many delivery methods

Flexible delivery methods are available depending on your learning style.

High quality resources

Resources are included for a comprehensive learning experience.

"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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