Project Risk Management

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  • Course Overview
  • Key Features
  • Who Should Attend
  • Agenda

Course Overview

Course Overview

How to deliver real improvement in risk management:

Projects, by their very nature, always carry uncertainty (i.e. risk). This training course teaches the practical steps and skills involved in identifying and dealing with the broad range of uncertainty typically found in projects, commonly referred to as project risk management.

Use projects from your business as the whole basis of the course

  • We always offer the chance to use a real (or simulated) project from your business as the basis of the whole course (and discuss your projects from the same perspective, throughout the course).
  • The course will provide you not only with guidance and tips, we will develop the basis of ‘tools’ that you as can use and also develop further for risk identification, which is one of the most challenging aspects of the topic.
  • We will look at all other aspects of risk management around the real world items (projects) as the basis of all practical sessions.

Key Features

Key Features

Key learning objectives include:

  • how to improve the identification of risk on your types of projects
  • how to assess and analyse risk
  • how to manage risk and demonstrably increase the likelihood of project success
  • how to develop successful mitigation and contingency plans
  • how to conduct a formal risk assessment and develop your own risk management plan

Who Should Attend

Who Should Attend

Anyone involved in the management of projects




  • What is project risk? The nature of projects and uncertainty
  • Individual and Corporate attitudes to risk?
  • Why is risk different?
  • Risk -v- estimating uncertainty - why they must be treated separately
  • Principles of effective risk management.

Risk process

  • Overview of the process
  • Elements that are most challenging; most valuable
  • Developing an effective framework


  • The life-cycle of risk and projects - key events which always drive risk
  • Types of project risk - broadening the perspective
  • Methods of identification, structured and informal
  • Methods of improving data capture, common issues with the data
  • Commnicating risk effectvely - a very common challenge


  • Benefits of assessment before analysis
  • Assessment methods - basic and advanced

Quantitative Analysis

  • Analysing and presenting cost, schedule and technical impact


  • Options when managing risk
  • Risk mitigation - what it is and how to apply
  • Contingency planning - what it is and how to apply
  • Integrating risk planning with: project estimating, budgeting and planning

Statistical Analysis

  • When to use Monet Carlo and what to use if for
  • How to construct a Monte Carlo data model for project cost or schedule
  • Using the results productively at key project decisions

Management of process

  • Integrating risk data with budgeting; schedules and EVM
  • Using risk data at project Gates
  • Integrating risk outputs into plans and forecasts (including resource)
  • Effective measures (KPIs) for managing the overall process

Coming soon!

The course is not available now. Please send us a mail at