Being critical to the success of organisations, projects involve risks.
A risk is something that may happen and if it does, will have an adverse impact on the project. Adverse actions "That may happen" implies a low probability. If it has a high probability - in other words it will happen - then it is an issue. A risk must also have a probability something above 0%. It must be a chance to happen or it is not a risk.
To quantify and manage risks, project managers must analyse risk comprehensively before and during a project. This is one of the difficulties which project managers face today. To remain competitive, project managers can't afford to set up eventualities or control measures for every plausible risk. Rather, they must establish proportionate expenditure to managing risk.
To assist you in overcoming this aspect, this exclusive programme will provide you the tools, techniques and templates you need to manage risk successfully. You will learn to identify, analyse, quantify and develop effective risk strategies to deliver projects that meet stakeholders' expectations.
Active participation in this workshop (skills practice) allows you to both understand the processes involved in identification of tasks or actions that may impede your project success and what the necessary actions are to eliminate or reduce these threats. A clear deliverable of this course is your ability to effectively monitor and apply controls to your approved risk mitigation strategies as well as how to determine when a risk becomes an issue and what are the necessary steps that must be taken to secure the most appropriate response.
WORKSHOP OBJECTIVES
- How to identify project related risks and develop appropriate response plans. Recognise and avoid problems before they occur
- In-depth understanding of the advantages of risk management as a process
- Manage risk effectively to consistently complete projects on time and within budget
- Prioritise identified risks through qualitative and quantitative risk analysis
- Develop contingency plans
COURSE OUTLINE
- Introduction to Risk Management
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Definition of Risk and Risk Management |
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Project Risk Management Process |
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Risk Management Plan |
- Risk Identification
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Risk Identification Process |
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Risk Assessment Matrix |
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Types of Risks |
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Effects of Risks |
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- Risk Analysis
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Characteristics of quantitative and qualitative approach |
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Qualitative and quantitative risk analysis approach plan |
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Risk prioritisation process |
- Risk Response
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Risk response development plan |
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Risk response strategies |
- Risk Monitoring & Control
- Issues Management & Closure
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WHO SHOULD ATTEND
This programme is primarily for project managers, team members, project engineers, Quality Management Representatives and those who are involved and/or require better understanding in risk management.
If you have any queries or would like to request our complete brochure, please email us at enquiry@ssg-apac.com
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