Managing Project Risk

Description:
Project performance can be dramatically affected by the ability of those involved to ascertain and effectively manage the risks (or opportunities) associated with the project plan. Projects come in all shapes and sizes and it is important to adopt a risk management approach commensurate with the scale, complexity and uncertainty of the programme. It is equally important to discriminate between the more trivial and the more serious risks. Attempting to identify and manage all potential risks, regardless of significance, will lead to information overload and inability to deal with those that really matter.

The aim of this course is to provide those involved in project work with an overview of the key steps that need to be taken to identify and manage risks in a practical, effective way. It will provide a structured approach and the essential toolkit for those new to project risk management whilst enabling more experienced delegates to refresh and extend their knowledge.

What you will learn

• How to implement a practical, structured approach to project management
• Define roles and responsbilities for implementing project risk management
• Organise key activities and tasks involved in risk management
• Use a range of proven tools and techniques for implementing risk management
• Effectively monitor, manage and control risks throughout the project
• Promote a more proactive and professional project management culture
• Ensure risks are owned and managed by the right people
• Make realistic commitments on project budgets and delivery schedules
• Identify and eliminate ‘mission critical’ risks at the earliest opportunity
• Develop a shared view of strategic priorities throughout the life of the project