Risk Management for Project/Program/Delivery Managers
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| Course Title |
Risk Management for Project/Program/Delivery Managers |
| Duration |
2 days |
| Course Objectives |
Projects are undertaken to build the future which is uncertain. In order to reduce uncertainties at a rapid rate, we must be good in managing risks. Risk Management is at the centre stage of managing projects. Risk Management improve the project success by minimising scope/cost/time overrun. |
| Course Content |
- Introduction to Projects & Operations
- Projects, Programs & Portfolios
- Projects & Operations
- Project Types
- Process Groups
- Knowledge Areas
- Understanding Triple Constraints & Managing Risks & Changes
- Scope Management
- Schedule Management
- Cost Management
- Change Management
- Risk Management Concepts (Enterprise, Project & Operations)
- Risk Classification
- Nature of Risk
- Risk Management Plan
- Benefits of Risk Management
- Responsibilities in Risk Management
- Risk Event Life Cycle
- Characteristics of Risk Events
- Uncertainties Breakdown structure (UBS) – a new Concept
- Hierarchy of Risks
- Relationship between Decision-making and Information
- Risk Culture
- Types of Risk Organisations
- Identifying Risks
- Risk Identification Tools & Techniques
- Risk Mindset
- Specification of Risk Event Statement
- External and Internal Risks
- Analysing Risks
- Risk Analysis & Guidelines
- Qualitative Risk
- P/I Matrix & Score
- Probability Analysis
- Expert Judgment
- Impact Analysis – Life Cycle Costing
- Decision Tree
- Monte Carlo Simulation
- Critical Path Standard Deviation
- Risk Prioritization Methods
- Plan Risk Responses
- Response Strategy Guidelines
- Mitigation / Deflection Quantifying
- Contingency/ Management Reserves
- Planning Alternatives Risk Responses
- Risk Response Centre
- Definition like Windfall / Work around
- Executive Risk Strategy
- Establish Early Warning System
- Assign Responsibility
- Implementing Contingency Plan
- Plan Risk Responses
- Executing the Risk Management Plan (RMP)
- Risk Response Control Overview
- Execute Risk Strategy
- Establish Early Warning System
- Assign Responsibility
- Implementing Contingency Plans
- Communication during Risk Control
- Evaluate Results
- Benefits of Risk Documentation Contingency
- Final Risk Assessment
- Lessons Learnt data for future benefit
- Update Risk Assessment
- Evaluate Results of Corrective Actions
- Benefits of Risk Documentation
- Integrated Risk Reports
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