Project Risk Management

Code: PRJR
Format: Online Training
Duration: 3 hours
Language: English
Price: 240 Euro + VAT (if applicable)

COURSE OVERVIEW

This course explores the essential aspects of project risk management. As all projects face various risks, project managers need to manage these risks effectively throughout the project lifecycle. By attending this course, you will develop the skills to create a comprehensive risk management plan, assess your project and its environment to identify and categorise risks, perform a thorough risk analysis, apply appropriate strategies to transfer or mitigate unacceptable risks and establish monitoring and control systems. This comprehensive approach will enable you to confidently manage project risks and increase the likelihood of project success.

LEARNING OBJECTIVES

Upon completion of this course, participants will be able to:

Define and explain the concept of risk, its meaning and how decisions can be made under risk conditions.
Describe the principles of risk management and apply them to real-life scenarios.
Analyse the components of a risk management system and evaluate their effectiveness in different contexts.
Investigate different risk transfer mechanisms, including the use of contracts, and assess their appropriateness in different situations.
Develop a comprehensive risk management plan incorporating appropriate risk identification, assessment, mitigation, and monitoring strategies.

COURSE CONTENT

Introduction to Risk in Project Management
- Background to risk
- Definition of risk
- Risk tolerance
- Types of risk
Risk conditions, decision making and real-world examples
- Risk conditions and decision making
- Case studies of risk management in practice
Risk management basics
- The concept of risk management
- Planning for risk management
- Managing risk
Components of a risk management system
- Risk identification
- Risk analysis
- Interdependencies between risks
- Risk response planning
Risk transfer mechanisms and their application
- Risk transfer through contracts
- Insurance and other risk-sharing strategies
- Assessing appropriateness in different situations
Developing a comprehensive risk management plan
- A step-by-step guide to developing a risk management plan, including strategies for identifying, assessing, mitigating and monitoring risks
Monitoring and controlling risk in project management
- Risk monitoring and control
- The impact of risk management activities
- Adjusting risk management strategies based on monitoring results

TARGET AUDIENCE

Project managers, project team members

PREREQUISITES

None

ADDITIONAL INFORMATION

This online, instructor-led course is delivered on Microsoft Teams by one of our PMP-certified trainers. Students receive course materials and a certificate of completion. Upon completion of the course, students are eligible for 3 contact hours.

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Interim staffing solutions

We understand that project management needs can arise unexpectedly and require immediate attention. That is why we are ready to provide you with project management experts on short notice. Whether you have got a sudden vacancy that needs to be filled temporarily or a crisis project that requires a quick turnaround, our team is equipped to step in and integrate seamlessly into your operations. We are not just a quick fix - we are your partners in ensuring continuity and success, even in the face of unforeseen challenges. Please visit the dedicated pages to find out more about our services.

Consulting

We specialise in providing high quality engineering process consultancy services. Our approach begins with a thorough assessment of your current processes, with a particular focus on project management maturity, enabling us to understand your unique strengths and areas for improvement. Based on this assessment, we create tailored improvement plans to enhance your capabilities. But our involvement doesn't stop there - we stay with you throughout the implementation phase, offering our support and expertise to ensure the plan is implemented effectively and your processes are optimised for success. To find out more, please visit our services pages.

Assessments

We are dedicated to ensuring your organisation's compliance and improvement through thorough assessments. Our certified assessors carefully evaluate practices against established standards, ensuring that your operations are not only compliant, but also optimised for performance and risk mitigation. By tailoring our assessment strategies to your specific industry and organisational needs, we aim to drive continuous improvement and assurance in your operations. To find out more about the services we offer, please visit the relevant pages.

Training

We are committed to equipping individuals and teams with the skills to achieve professional excellence. Our comprehensive training programmes are designed to develop a range of skills, from basic knowledge to advanced techniques. We believe in flexible and personalised learning experiences, which is why we offer a variety of delivery methods to suit your needs. Whether it is instructor-led training for interactive learning or on-site training at your location for added convenience, our goal is to provide an enriching and effective learning journey that drives your project management success. For more information, please visit our training pages.

APS Advanced Project Services SRL

APS Advanced Project Services SRL is more than just a project management services company - we are your strategic partner in achieving sustainable competitive advantage. We understand that each organisation is unique. That is why we offer project management solutions tailored to your specific needs. Our approach is rooted in delivering effective and sustainable results, helping your organisation to navigate the complexities of project management with ease and efficiency. With APS, you don't just manage projects - you pave the way for continued success and growth.

What makes us different

When you partner with us, you will benefit from our extensive experience in managing and supporting scientific research projects and engineering project management across a range of industries. Our expertise extends to knowledge of cybersecurity and project maturity models such as CMMI and Automotive SPICE^®. We don't just understand these models - we know how to apply them effectively to drive your project success. When you choose APS, you are not just choosing a project management company. You are choosing a partner committed to delivering your projects to the highest standards of efficiency and excellence.