This GLOMACS Project Risk Management Workshop for Project Professionals is designed to equip project teams with the necessary knowledge and skills to allow them to accurately and efficiently identify, quantify and control risks which threaten to disrupt, or derail, their projects. This GLOMACS Interactive workshop covers case studies and practical risk management exercises, applicable to all industry sectors where projects are undertaken, and are of a value and nature that necessitate formal risk management.

By better understanding the risks which may affect your projects, and how to effectively manage them, you will be better positioned to successfully deliver your projects on schedule, within budget and with a clear health, safety and environment record.

The proven project risk management methods covered in this GLOMACS Project Risk Management Workshop for Project Professionals will benefit all people who are involved in projects of any type or size, be it small single-discipline type projects through to multi-discipline mega projects.

This GLOMACS workshop will highlight:

• Proven Risk Management Techniques
• Risk Definitions & Common Terms
• Practical Risk Management Planning
• Risk Identification
• Risk Analysis & Evaluation
• Risk Response Planning, Implementation & Control

By the end of this GLOMACS workshop, you will have gained practical experience in:

• Accurately identifying and describing project risks
• Applying proven risk analysis methods
• Understanding different risk management techniques
• Differentiating between opportunity and threat risks
• Defining risks against project context and risk boundaries
• Distinguishing between real and perceived risks
• Evaluating risk probability and impacts
• Defining appropriate risk impact categories
• Applying optimum risk control techniques
• Mastering the process of efficient risk management
  

This GLOMACS Project Risk Management Workshop for Project Professionals is run over three days, with the first day covering proven risk management planning and identification methods, exercises and case studies, and ending with an open forum for participants to provide their insights, questions or challenges on the various risk management techniques applied on their own projects.

Day 2 commences with a summary of the work covered in Day 1, leading into session of practical risk analysis and evaluation reviews and exercises, followed by a hands-on review and application of effective risk response plan development and implementation.

Day 3 puts the risk management methods and techniques learned during days 1 and 2 into a simulated live project risk environment, where participants will apply the methods and techniques against validated project risks, using a professional risk management tool.

This GLOMACS Project Risk Management Workshop for Project Professionals will provide direct organisational benefits through improved project risk management practices. By applying the methods learnt and practiced in the workshop, organisations will:

• Reduce time spent managing project risks
• Improve project execution productivity
• Increase risk management efficiency
• Protect project values through accurate risk identification and analysis
• Achieve project objectives through effective risk response planning
• Enhance project risk knowledge and information needed for Enterprise Risk Management

Participants will develop additional and valuable project management skills, essential not only to project risk management, but to project management as a whole, including:

• Learning to effectively manage risks in a team environment
• Improved risk identification and analysis skills
• Refined risk response planning methods
• Enhanced risk reporting and communication techniques
• Develop key attributes required of a Project Management Professional
• Become an indispensable project team member and leader

This GLOMACS Project Risk Management Workshop for Project Professionals is tailored for all personnel who are either involved in, or responsible for, the successful delivery of projects of all types and sizes.

This GLOMACS workshop is suitable to a wide range of professionals but will greatly benefit: 

• Project Directors
• Asset Managers
• Project Managers
• Project Risk Managers
• Quality Assurance Managers
• Contract Managers
• Procurement Managers
• Project Engineers
• Discipline Engineers
• Technical Assistants
• Project Management Professionals

Risk Management Planning, Identification & Analysis 

• Introduction to Project Risk Management Techniques
• Risk Definitions & Common Terms
• Risk Management Planning
  • The Purpose & Benefits of Risk
  • Responsibilities in Project Risk Management
  • Project Context & Risk Boundaries
  • Describing Risk
  • Risk Attitude
  • Planning Inputs, Tools, Techniques & Outputs
  • Risk Management Planning Exercises
• Risk Identification
  • Risk Source
  • Consequential Risks
  • Risk Identification Exercises
    

Risk Analysis & Evaluation and Risk Response Management 

• Risk Analysis & Evaluation
  • Qualitative Risk Analysis
  • Bow-Tie Risk Analysis
  • Quantitative Risk Analysis
  • Monte Carlo Analysis
  • Expected Monetary Value Analysis
  • Risk Analysis Exercises
• Risk Response Planning, Implementation & Control
  • Response Strategies for Threats & Opportunities
  • The S.M.A.R.T. Rule
  • Risk Control Inputs
  • Risk Control Tools & Techniques
  • Risk Control Outputs
  • Risk Response Exercises
    

Applied Project Risk Simulation

• Project Risk Setup & Management
  • Project Selection
  • Risk Identification
  • Risk Occurrence Timeline
  • Probability of Occurrence
  • Impact Identification
  • Impact Ranking
  • Probability Mitigation Identification
  • Impact Mitigation Identification
  • Mitigation Implementation & Control
• Workshop Review
• Workshop Q&A

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.com