Course Detail

COURSE OUTLINE:

DAY 1:

Session 1: Introduction to Risk Management Concepts

1. Objectives of Risk Management.
2. Risk Management and the Project Life Cycle.
3. Critical Issues Factors.
4. When to accept risk and when to avoid.
5. Individual Exercise 1.

Session 2: Principles and Concepts of Risk Management

1. Definition of Risk and Risk Management.
2. Stakeholder Risk Attitudes.
3. Responsibilities for risk within projects.
4. Stakeholder Risk Tolerance.
5. Overview of the Risk Management Process.

DAY 2:

Session 3: Plan Risk Management

1. Components of the Risk Management Plan.
2. Success criteria for Risk Planning.
3. Techniques for Risk Planning.
4. The Risk Management Plan.
5. Individual Exercise 2.

Session 4: Identifying Risks

1. Typifying Risks.
2. Risk Analysis.
3. Risk Identification Techniques.
4. Information Gathering Techniques.
5. Groups exercise 1.

DAY 3:

Session 5: Risk Trigger

1. Identifying Risk Triggers.
2. The three (3) types of Risks: Business Risk, Non-Business Risk, and Financial Risk
3. The Risk Register.
4. Determining which risk tool to use.
5. Risk Trigger Examples.

Session 6: Performing Risk Analysis

1. Quantitative and Qualitative Analysis.
2. Categorising Risks.
3. Risk Probability and Impact Risk Score.
4. P-I Matrix.
5. Risk Expected Monetary Value (EMV) calculation.

DAY 4:

Session 7: Plan Risk Responses

1. Risk Owners.
2. Risk Action Owners.
3. Strategies for Positive Risks.
4. Strategies for Negative Risks.
5. Risk and Contracting.

Session 8: The Action Plan

1. The Risk Response Action Plan.
2. Contingency Planning and Calculating the Contingency Fund.
3. Secondary Fund.
4. Residual Fund.
5. Groups Exercise 2.

DAY 5:

Session 9: Monitor and Control Risk

1. Risk Re-assessment.
2. Process Improvement.
3. Managing Contingency Reserves.
4. Risk Audits.
5. Trend Analysis.

Session 10: CASE STUDY.

1. EDP Distribution (Portuguese electric energy organisation).

This is an ONLINE course.