Introduction
This GLOMACS virtual training course on Project Risk Management & Compliance will emphasize project risk management awareness to minimize project cost/schedule overruns and improve project execution.
Risk management in projects is too often treated as a reactive process, or worse, not done at all. In this Project Risk Management course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The approach is based on a clear understanding of both qualitative and quantitative approaches to risk management.
Objectives
By the end of this virtual training course, participants will be able to:
- Examine threats and opportunities facing your projects
- Consider project risks from both a top-down and bottom-up perspective
- Get to grips with a proven six-step risk management process
- Evaluate and respond to risk at strategic, project and task levels
- Anticipate possible causes of cost and schedule overruns, together with poor quality of work,
- Identify early warning signs on time so that corrective action can be taken to minimize or mitigate the impact
Training Methodology
This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
Who Should Attend?
The GLOMACS online seminar is designed to provide practicing project managers, program managers, technical leaders and owners/sponsors with the skills and knowledge to manage risk throughout the project cycle successfully.
This is also intended for individuals who wish to develop and refine their project risk management skills, no matter what industry background (i.e., engineering, information technology, or business), covering the fundamental principles and modern techniques of project risk management.
The ten (10) best items to be covered include:
- PMI Body of Knowledge (PMBOK) - steps of risk management
- Purpose & benefits of integrating risk management into projects
- Risk identification techniques & categories
- Project Context & Stakeholders
- Project Estimating Techniques
- Schedule diagramming - critical path method (CPM)
- Risk analysis approaches and prioritization - qualitative & quantitative
- Bow-tie analysis exercise
- Response strategies for threats & opportunities
- Response validation
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