Project Risk Management & Compliance

Course Introduction

Risk is inherent in everything we do, and it's no surprise that risk management holds a high level of importance within the business environment. Risk management is not an optional activity; risk management is essential to successful business management. Some organisations manage risk better than others. Project results show that risk management is crucial for successful outcomes. How do organisations accomplish this? What are the best practices in risk management that are needed to succeed in today's changing environment?

Risk management is how to handle the uncertain future events that may affect the projects and the operation of the organisation to minimise the bad or negative impact and to increase and enhance the positive effect. This Project Risk Management & Compliance training course will discuss and illustrate the risk management process and identify how organisations are putting this into practice to maximise project success. It will illustrate the lessons learned and tools used in risk planning, identification, qualification, quantification, mitigation and control. This will provide the delegates with the required knowledge, skills, tools, and techniques to successfully implement the risk concepts in their project.

Objectives

The participants will be able to:

• Define the basic concepts and definitions related to project risk management
• Explain the five domains of project risk management
• Apply and use a different tools and techniques to develop the risk management plan
• Differentiate between other tools and techniques to identify, analyse, and control the project risk
• Design the most suitable risk response plans.

Training Methodology

Interactive discussions support this training course, role-play, and case studies and highlight the techniques available to the participants, which include different techniques such as pre and post exams to assess the delegate's knowledge before and after the course and to be familiar with the exam questions, using a real-world example to illustrate the concept and principles, case studies and exercises to implement what has been learned, interactive participation and discussion to enable information and knowledge sharing between the participants, and group activities to implement different tool and techniques.

Professional Impact

The participants will:

• Develop a detailed risk management plan
• Develop the project risk register
• Analyse the project risks using different qualitative and quantitative techniques
• Monitor the internal and external business environment and its impact on the project risks
• Develop the risk response plan for each identified risk.

Target Audience

This training course is designed per the latest update of the exam content outline and the PMBOK issued by PMI to give the attendees the required knowledge, skills and tools to manage their projects and prepare for the exam.

It is suitable for a wide range of professionals but will greatly benefit:

• Project Managers
• Project Team
• IT Managers
• Administration Team
• Operation Team
• Operation Managers
• Risk Team
• Risk Managers
• Quality Managers and Team
• Engineers (Electrical, Mechanical, construction and any other field of engineering)
• Individuals seeking to have the knowledge and information about project risk management may include (HR, legal, Finance, Accounting, Sales, Marketing, and Customer Services)

Daily Topics

DAY ONE: INTRODUCTION AND BASIC CONCEPTS

• Risk Key Concepts and Principles
• Project, Program, and Portfolio Risks
• Risk Framework and Context
• Business Context
• Organisational Framework
• Risk Accountability
• Risk Lifecycle

DAY TWO: RISK PLANNING AND IDENTIFICATION

• Project Stakeholder
• Risk Plan
• Communication
• Leadership
• Motivational Theories
• Risk Identification
• Tools and Techniques
  • Risk Register

DAY THREE: RISK ANALYSIS

• Types of Analysis
• Qualitative Risk Analysis
• Quantitative Risk Analysis
• Probability Analysis
• Decision Tree
• Expected Monetary Value
• PERT Analysis

DAY FOUR: RISK RESPONSE

• What is Response Strategy?
• Types of Response Strategies
• Positive Risk Strategies
• Negative Risk Strategies
• Risk Response Implementation

DAY FIVE: RISK MONITORING AND CONTROLLING

• Difference between Monitoring and Controlling
• Risk Monitoring
• Risk Controlling
• Risk Closing
• Risk Response Evaluation
• Risk Documentation

For registration & more information please contact

NAYEL Training Centre 

Tel: +971 4 379 7245 | Mob: +971 50 249 6876 | WhatsApp: +971 50 249 6876

Email:  [email protected]