Course Introduction
Risk management is an integral part of project management. Risks should be identified and managed proactively in projects before they become issues leading to delays, cost overruns or functionality issues. Risks are also present on the program level and portfolio level; unmanaged risks on program level may lead to uncoordinated management of shared resources and issues leading to compromising the benefits delivery expected from the group of projects, while unmanaged risks on portfolio level may lead to missing the alignment with strategic objectives.
This Risk Management Professional (PMI-RMP) training course will provide the concepts, models, methods, and artifacts used to manage risks from creating a risk management strategy to risk closure.
This Oxford Management Centre Training Course Will Highlight
- Risk Strategy and Planning
- Risk Identification
- Risk Analysis
- Risk Response Planning and Implementation
- Risk Monitoring and Closure
- Relation between project risk and Enterprise Risk Management (ERM)
Objectives
At the end of this Risk Management Professional (PMI-RMP) training course, you will learn to:
- Understand and elaborates upon the core concepts and fundamentals of risk management;
- Describes the risk management relations within portfolio, program, and project environments; and ultimately with the Enterprise Risk Management (ERM)
- Define and apply the risk management life cycle and related processes;;
- Apply risk management concepts, techniques, tools, processes, and good practices while executing a portfolio, program, or project management plan.
- Get prepared for the PMI-Risk Management Professional Certification (PMI-RMP)
Training Methodology
This Risk Management Professional (PMI-RMP) Training Course Will Utilise a Variety Of Proven Adult Learning Techniques To Ensure Maximum Understanding, Comprehension And Retention Of The Information Presented. This Includes
- Training provided via an interactive traditional class-room format
- Facilitation by tackling issues faced by participants in managing their project risks
- Use of practical local and international case studies to reinforce learning
Organisational Impact
By attending these training course, your organization will benefit from:
- Reducing the organization’s exposure to risks and its impacts and exploiting the opportunities by applying international best practices
- Deliver the target benefits and objectives of your projects, programs and portfolio
- Customizing the organizations risk management strategy and risk management methodology according to your needs
- Effectively handling the escalated risks from project level to program level or to the organization level based on risk scope and the degree of authority
- Saving precious executive time used in handling risks and missed opportunities
Personal Impact
By Attending These Training Course, You Will Benefit From
- Increasing your awareness of negative risks and opportunities
- Understanding your roles in risk management planning and executing it as part of the project management plan
- Understanding and applying various risk response strategies such as avoidance, mitigation, transfer, acceptance and escalation
- Professionalism in drafting contract conditions to mitigate risks and reduce claims
- Building a career in risk management by getting an international certificate
Who Should Attend?
This Risk Management Professional (PMI-RMP) Training Course Is Intended For a Wide-range Of Professionals Starting From Senior Managers Considering Risk Management In Selecting And Authorizing Project Up To The Project Teams In The Trenches Using Risk Management In Planning And Executing Projects Different Industries Covering ICT Projects, Business Transformation Projects, Construction And Oil And Gas, Projects; Including But Not Limited To
- Senior Managers and Portfolio Governance Board Members
- Program Managers, their Teams
- Project Managers, their Teams
- PMO Directors and Staff
- Functional Managers in Engineering, Finance and Procurement
- Contract Specialists, Contract Engineers, Planners and Cost Estimators
Course Outline
Day 1
The Foundation and Strategies for Risk Management
- Course objectives and introduction
- Definitions: uncertainty; risk; and risk attitude, appetite and threshold
- Risk management in organizations, portfolio, program and project levels
- Assessing overall business environment and its impact on risks
- Establish risk management strategy and documenting the risk management plan
- Workshop: Sample risk management plan
- How to prepare and apply for the PMI-RMP certification exam
Day 2
Risk Identification in Collaboration with Stakeholders
- Communicate and engage stakeholders in risk management
- Identify stakeholder risk attitude, appetite, and threshold
- Identify risks using workshops, focus groups, Delphi and other exercises
- Review documents and examine assumptions and constraints
- Develop risk register, a