Course Overview
Every aspect of a project involves certain risks that need to be managed — whether it’s related to scope, schedule, budget, or stakeholders. Risks or uncertainties can pose a threat to the project or present an opportunity. Everyone involved in the project must have a clear understanding of the risks and how to manage them.

The key activities in risk management include:
Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, and Risk Response Management.

This program provides participants with a comprehensive overview of the entire project risk management process. Participants will learn how to apply a logical, systematic, and practical approach to identifying and analyzing risks, resulting in clear and actionable risk responses.

Target Audience
This course is tailored for project managers, project leaders, project controllers, project team members, PMO members, risk management teams, and others involved in managing or supporting project risk activities.

Learning Outcome
By the end of this course, participants will be able to:

• Recognize the different roles in risk management
• Understand how to adopt a risk-based mindset
• Identify key areas for project risk management
• Understand scope, schedule, and cost risks
• Identify and analyze risks effectively
• Understand the concept and usage of a risk matrix
• Develop appropriate risk responses
• Apply contingencies and buffers
• Recognize the importance of being proactive in managing risks
• Take ownership of the risk management process
• Understand stakeholder roles in risk management
• Assess risk attitude and tolerance of stakeholders
• Develop and maintain a risk register
• Determine the content and structure of risk reporting

Course Outline

• The concept of risk management
• The risk management framework in projects
• Risk-based thinking
• Risk management planning
• Risk identification
• Risk analysis
• Risk response planning
• Developing and maintaining the risk register
• Risk reporting
• Risk response management
• Monitoring project risks