Risk Management

Courses Introduction:

Risk is inherent in everything that we do and it’s therefore no surprise that risk management holds a high level of importance within project management.  Risk management is not an optional activity in any organization; risk management is essential to successful organization performance.

Risk management is how to handle the uncertain future events that may affect the objectives of the organization in order to minimize the bad or negative impact and to increase and enhance the positive effect.

This course offers the required information and knowledge about risk and risk management, the attendees will get the knowledge, tools and techniques required to effectively implement the risk management activities in their projects.

The course will also support the attendees to prepare for the PMI-RMP certification exam.

Program Objectives:

After completing this course, the attendees will be able to:

1. Define what is risk and risk management.
2. Differentiate between known-unknown and unknown-unknown risks
3. List the risk management plan components
4. Perform qualitative and quantitative risk analysis
5. Select the most suitable risk response strategy
6. Implement the risk management tools and technique to effectively identify, analyze, prioritize, response to and control the project risk.

Who should attend:

Project managers, project team, functional managers, risk management team, operation managers, individuals seeking to have knowledge about risk management, individuals seeking to pass the RMP exam.

Program Outlines: 

DAY 1:

1. Course opening and course objective overview
2. What is risk and risk management?
3. The importance of performing risk management activities
4. Overview of the risk management lifecycle and frameworks
5. Project, program and portfolio risk management
6. Risk management in traditional and Agile projects

DAY 2:

1. Risk Management and project stakeholders
2. What is Planning?
3. Risk planning
4. What is risk management plan?
5. Components of the risk management plan

DAY 3:

1. What is Risk identification?
2. Basic concept of risk identification
3. How to identify risk
4. Risk identification tools and techniques
5. Creating risk register

DAY 4:

1. What is Risk Analysis?
2. Types of risk analysis
3. The differences between qualitative and quantitative risk analysis
4. Basics of qualitative and quantitative risk analysis

DAY 5:

1. Risk response
2. Monitor and control risks
3. Course wrap-up and closure
4. Post-assessment exam

Instrachtor: Ahmed Taha