Project Risk Management

Managing Uncertainties and Risks in your Projects to Create Value to your Organisation.


    In-House sessions are available upon request.


    Course Overview:

    We make decisions everyday on business strategies, project portfolios, programs and projects. And every decision involves risks – threats as well as opportunities. Ignoring risks altogether in decision making will likely lead to loss of competitiveness and ultimate organizational failure. On the other hand, proactive measures involving mitigation of every conceivable threat and enhancement of every opportunity will result in waste of organizational resources. The key to success is to apply the right response strategy to each one of the risks you have identified. This can be done through a structured process involving identification, analysis and prioritization of risks followed by development and implementation of appropriate response strategies to address them. This course presents a proven six-step risk management process that is consistent with Project Management Institute’s Project Management Body of Knowledge (PMBOK) Guide. It includes commonly used tools, techniques and best practices associated with each step. It will discuss different types of risks relating not only to projects but also to programs, portfolios and organizational strategies.



    What You Will Learn:

    • DIFFERENTIATE project vs. program vs. portfolio risks.
    • DEMONSTRATE the importance of risk management in managing projects, programs and portfolio.
    • ILLUSTRATE the roles of different project management professionals in managing risks.
    • DIFFERENTIATE uncertainty vs. risk.
    • IDENTIFY various tools to analyze and reduce uncertainty.
    • PREPARE a risk management plan that identifies risks and provides proactive measures to manage them.
    • DESCRIBE the three key components of risks.
    • DISCUSS six-step project risk management process.
    • DELINEATE various techniques to identify risks.
    • ANALYZE and prioritize risks using qualitative and quantitative techniques.
    • DEVELOP various strategies to respond to risks.


    Who Should Attend:

    • Project Managers, Engineers
    • Program Managers
    • Portfolio Managers
    • Project Planners
    • Team Leads
    • Project team members
    • PMO Managers

    Course Curriculum

    Day 1:
    Opening and Introduction 01:30:00
    Risks in Different Phases of Project Life Cycle 01:30:00
    Risk Management Planning 01:30:00
    Risk Identification 01:30:00
    Day 2:
    Qualitative Analysis 02:00:00
    Quantitative Analysis 02:00:00
    Risk Response Development 02:00:00
    Day 3:
    Risk Monitoring and Control 02:00:00
    Uncertainty Vs. Risk 02:00:00
    Program and Portfolio Risk Management 02:00:00

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    You know how projects are often challenged, over budget, and late, if not just complete failures? I solve this. I do this by auditing projects, managing projects, and creating/managing recovery plans with techniques I have developed over decades of international experience. Furthermore, we make sure that the project team is trained and certified for project success thereby saving thousands of dollars even millions of dollars or more. To save your projects and money, contact me today. Current as the President and CEO of The Volpe Consortium, Inc, I manage the daily activities of a Project Management Office specializing in business analysis and project management training, high-tech computer networking, new product introduction (NPI), and wireless (cellular and WAN) industry projects. Additionally manage overall project portfolio risk management, project management Governance, contract management, schedule and cost control, and overall project portfolio quality assurance. Establish project management methodology, policies, and procedures for delivering all projects including project life cycle process, lessons learned database, estimation process, cost control process, and schedule control process. Provide project management and project management training for project managers and project auditors.
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