Course Details

Project Risk Management Advanced Course

Price

R8,630.00

Difficulty

Effort

Collaboration

The Project Risk Management Advanced course focuses on holistic frameworks in the qualification, quantification and understanding of risk. Knowing these frameworks and their limitations, enable decision makers to make more informed and better decisions.

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PRICE

R8,630.00

Choose a Date

Date

Clear

Course Duration

This course is 2 days.

Weeks

Course Benefits

Understand the importance of proper project risk management and how it contributes to successful project management and project outcomes.

Clear risk identification, qualitative and quantitative risk analysis, selection of risk response strategies, development and implementation of risk response plans, and monitoring of risks.

Development and controlling of realistic project cost and time contingencies.

Insight into quantitative risk analysis reports by subject matter experts.

COURSE SYLLABUS

This course covers the following topics:

DAY 1

Theory:

Principles of Risk Management
International Standards
Project De-Risking Process
Principles of Qualitative Risk Management

Tools:

Risk Management Plan
Risk Register
Risks Influence Diagrams
Risk Bowties

DAY 2

Theory:

Principles of Risk Quantification
Principles of Estimation
Statistical Principles
Principles of Monte Carlo Simulations
Principles of Contingency Allocation

Tools:

Decision Trees
Monte Carlo Simulations

The course takes participants beyond their basic understanding of project risk management by providing them with the necessary knowledge and skills to successfully utilize structured qualitative and quantitative risk management methods for projects.

Corporate Training

Custom dates can be provided to corporates with more than 8 delegates.

Book for corporate

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COURSE FORMAT

Day 1 focuses on the theory and tools of project qualitative risk analysis and is supported by three worksheets that are completed within teams.

Day 2 focuses on the theory and the tools of project quantitative risk analysis and finishes off with completion of a final worksheet.

As a lot of subject matter is covered in a short space of time, giving rise to a very intensive course requiring the full attention of all participants to obtain maximum value.

WHO SHOULD ATTEND

PMO Managers
Project Managers
Construction Managers
Project/Design Engineers
Project Planners
Project Controllers
Project Team Leaders & Subject Matter Experts
Individuals wanting to know more about project risk management
Managers who want to improve their project stakeholder management skill

Participants will receive the following items on the course:

Course ﬁle with all the course presentations, the course workbook, exercises, and handouts
Notebook and pen
A certiﬁcate of attendance on successful completion
Light breakfast, lunch, & refreshments

Project Management Frameworks: