Project Risk Management

Project Risk Management. A one or two day course designed to familiarise participants with the following concepts and practise their application through exercises:

  1. Foundation concepts – definitions of risk, risk management process overview, characteristics of high-risk projects, and classic causes of project failure.
  2. Risk identification – process, collecting risk events, confirming and structuring risk events for treatment, and initial risk treatment options.
  3. Qualitative risk analysis – accelerating risk analysis, clearing risk action, and ensuring an effective qualitative risk analysis process.
  4. Quantitative risk analysis – for higher-risk projects, foundation quantitative analysis concepts, probability theory, use of discrete quantitative techniques, applying appropriate quantitative tools, and ensuring an effective quantitative risk analysis process.
  5. Risk response planning – active response strategies, risk acceptance via contingency planning and reserves, and ensuring an effective risk response planning process.
  6. Risk monitoring and control – risk plan maintenance, risk assessment, and ensuring an effective monitoring and control process, post-project risk management evaluation and application of risk management maturity models.



My latest thoughts on Project Management and life.

BOOK LAUNCH – “Managing Smaller and Medium-Sized Projects”

Authors launching their books sometimes find themselves at a bookstore or other venue surrounded by empty seats except perhaps for their loyal family members,...

Project Durations and Contingencies

Predicting project completion times is one of the challenges of Project Managers. Project schedule overruns are quite common due to uncertainty in estimating task durations,...

Project Cost Estimating

Estimation is notoriously difficult. Projects by definition are unique ventures. We do not have the luxury of “having done it before” enjoyed by our...