Course Code: PM4
Category: Project Management, Contract Management and Evaluation
Dates, Venues & Fees:
Jan 13-Jan 24| Dubai | $5,950.00
Apr 13-Apr 24| Virginia | $6,500.00
Dec 07-Dec 18| Dubai | $5,950.00
Duration: Two Weeks
Course Overview
Almost all projects are susceptible to one form of risk or the other and with it comes probable huge financial loses. A key factor to this shortfall is the lack of Risk Management knowledge and implementation.
Risk Management and Compliance therefore comes in a key differentiator for successfully mitigating potential risk and its attendant losses and completing projects on time and within budgets.
This course on Project Risk Management and Compliance will help delegates to understand the tools and techniques of Project Risk Management and Compliance and how to apply them to develop a Project Risk Register using case studies, hands-on exercises and practical experiences. Delegates will learn how to tackle and mitigate risks by identifying and analyzing change and potential risk factors and ways to circumvent them. Moreover, delegates will work through a proactive approach to both sides of risk threats and opportunities. This approach is based on a clear understanding of both qualitative and quantitative approach to risk management.
Target Audience
This course on Project Risk Management and Compliance will greatly benefit:
- Project Managers
- Team leads
- Project Associates
- Project Assistants
- Project Engineers
- Project Analysts
- Project Coordinators
- Risk and Compliance Managers
- Finance and Audit Personnel
- Professionals working with Purchasing, Procurement or Tenders
Course Outcomes
By the end of this course, delegates will gain knowledge and skills to:
- Appreciate an overview of the Risk Management Process
- Apply useful techniques to identify, analyze, mitigate and monitor risks in the project life cycle
- Assess the potential impact of risk factors
- Quantify and create risk response strategies to deliver projects that meet stakeholder expectations
- Prioritize risks to determine the most critical and harmful
- Develop effective risk management response strategies
- Control risk during project implementation using proven tools and techniques
Key Course Highlights
- Overview of project and project risks
- Examine both the threats and opportunities facing projects from both top-down and bottom-up perspective using proven risk management process
- Risk analysis fundamentals
- Risk response planning
- Evaluate and respond to risk at both the project as well as the task levels
- The human aspect of risk management
- Managing risks and uncertainties
- Qualitative risk analysis
- Quantitative risk analysis
- Risk management planning and identifying risks
- Analyzing and prioritizing risks
- Execution evaluation and update