Project Risk Management & Managing Project Control

Introduction

Wherever there is uncertainty there is risk, and the better we control risk the better we control the outcome. As projects exist in a dynamic environment, all projects are subject to risk, and we therefore need effective project risk management and control systems to manage the uncertainties and optimise the outcomes of our projects.

This GLOMACS Project Risk Management & Managing Project Control training course addresses the specific nature of uncertainty and risks that occur during projects. The training course will provide delegates with the knowledge and skills required to effectively identify project risks, and control projects through minimising uncertainty and maximising efficiency. This, in turn, will improve their ability to deliver projects on time, within budget, and with a clear health & safety record.

This training course will highlight:

• Key factors in project risk & control management planning
• The importance of accurate risk identification & analysis
• How to apply the triple constraint for effective project control
• The importance of managing & controlling project change
• How to create effective risk response plans

Objectives

This Project Risk Management & Managing Project Control training course is designed to provide project managers, team leaders, engineers, risk managers, and project support members with the skills and knowledge to successfully manage risks & control projects throughout their lifecycle. As such, delegates will:

• Learn how to accurately identify and analyse project risks
• Develop skills in applying proven project control methods
• Understand different project risk management techniques
• Be able to minimise project risk through effective schedule control
• Learn to control projects through their macro-environmental factors
• Establish project performance through accurate KPI analysis

Training Methodology

The Project Risk Management & Managing Project Control training methodology will incorporate a combination of theory and skill-based training components, applying hands-on exercises, facilitation of group discussions, practical case studies, and real-life examples.

Organisational Impact

The Project Risk Management & Managing Project Control training course will provide direct organisational benefits through improved project risk management practices. By applying the methods learned and practiced during the training sessions, organisations will:

• Reduce time spent managing project risks
• Improve project execution productivity
• Increase project management & control efficiency
• Protect project values through accurate risk identification and control
• Achieve project objectives through effective change management control
• Enhance overall project management knowledge

Personal Impact

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

• Developing risk & control management planning skills
• Learning to effectively manage risks and control projects in a team environment
• Refining their risk identification & analysis skills
• Learning to balance the relationship between risk and control
• Understanding how and when to apply qualitative and quantitative risk analysis techniques
• Developing the necessary skills required to effectively control risks