EP3RM3 Project Risk Management
In project management is inevitable that something can go wrong. The difference in successful project management is adequately assessing the risks and then executing a successful risk response.
Organizations must have solid project risk management best practices in place in order to deliver projects within specified time frames, budgets, and quality requirements. Proactive risk management allows a project manager to optimize project results by implementing proven tools to plan for both threats and opportunities.
The course will present different approaches to identify risks, qualitative and quantitative methods to analyze risks and determine their impacts, risk ranking and response techniques, approaches to monitor & control and communicate risks throughout the project life cycle.
Increase the probability of project success by applying techniques to reduce threats and enhance unexpected opportunities. Learn how to prepare a comprehensive risk management plan.
Who should attend:
Engineers and Planners
Chief Executive Officers
Contracts and Claims Manager
Project Risk Managers
PMO Support Engineer
Lenght: 3 days
Where: client office or other location
Schedule: 0800 - 1600
At the end of this course, the participants should be able to:
Understand the steps required to create a Risk Management Plan according to ISO 31000 and best industry’s practices
Apply scalable templates for Risk Management Plans, Risk Registers and Risk Assessment Matrixes for managing project risks
Perform a proven Qualitative Risk-Analysis process to guide your risk management decisions
Perform the Quantitative Risk Analysis for calculating the possible impacts
Determine risk mitigation measures, time and cost level of confidence and reserves
INTRODUCTION TO PROJECT RISK MANAGEMENT
Worldwide project failure statistics
Project Risk Management benefits
International Risk Management Standards
Project Life cycle
Project Risk Management Processes overview
WHAT IS A RISK MANAGEMENT PLAN (RMP)?
Analyzing contents of a RMP model
Applying a standard template to create your RMP
SELECTING THE PROJECT
Project brief overview
Work Breakdown Structure
Critical Path Analysis
TECOP (Technical, Economical, Commercial, Operational and Political) Identification
Assessing high-level risks to the project
DEVELOPING THE RISK REGISTER
Analyzing contents of a Risk Register Model
Applying a proven template to create the Risk Register
Detail description of the project risks
ANALYZING RISKS THROUGH QUALITATIVE MEASURES
Defining the probability and impact scale
Performing probability and impact analyses
Applying the probability and impact matrix
IMPLEMENTING RISK RESPONSE STRATEGIES
PRIORITIZING ANALYSIS RESULTS
Ranking project risks
Differentiating between acceptable and unacceptable risks
QUANTIFYING EFFECTS OF RISK EVENTS ON PROJECTS
Impacted schedule activities
TOOLS FOR PROJECT RISK ANALYSIS
Software used for Risk Analysis
Determining project’s cost and schedule level of confidence
Calculating contingency reserves
Language: english or romanian
Risk templates templates
Ecostar Plan notebook and pen
Certificate: Certificate of completion
Real case-study selected with attendees
In what industries:
Engineering and Construction
Oil, Gas and Petrochemical
Power and Water Utility Plants
Manufacturing and Industrial
Why Ecostar Plan?
understand real world needs, react fast to trends
post course support
team members certified by Project Management Institute (PMI)
Post Course Support
We understand the importance of embedding the knowledge back in the workplace and this is the ultimate yardstick as to whether the training will be a success or not, that’s why we have created the post-course support.
During the training we are tracking individually the trainee’s progress and at the end we support teams to continue learning and develop skills, when you return the work, you are entitled to schedule a free coaching session with your instructor for help and guidance as you apply your new skills.
What is our post-course support for?
Access to a local network for participants - continued development of PM skills, providing useful tools & information
Access to our monthly meeting - giving students the possibility to stay in touch with the other students trained by Ecostar Plan
Further courses recommendations
Proven templates, guidelines
Trainer: Senior Project Planning & Risk Management Consultant, MSc Engineering & Business Management, PMP® Certified, experienced in Nuclear, Oil&Gas, Infastructure, etc.