Risk Management

Risk Management is a process of identifying, assessing and controlling threats to an organization’s capital and earnings. These threats, or risks could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. The course uses a mix of interactive techniques such as group exercises, brief presentations by the consultant and the participants, practicing exam questions and simulations.

During the length of the course, we provide in-depth knowledge of the chunk of responsibilities a risk manager shall have. We inculcate aptitudes like analyzing risks, communicating their findings, running complex calculations if required. It is an ideal course to be taken up by – Risk managers, project managers, and members of project offices, project sponsors, functional managers, senior management and individuals interested in RMP certification

Understanding Project Management Fundamentals

• Scrutinize/ inspect
• Acknowledge validity
• Generate a Project Charter
• Generate a Scope Statement
• State, explained, describe ,evaluate
• Establish ,distinguish, indicate

PMI-RMP credential overview

• The project management institute (PMI)
• Credential overview
• Application process
• Exam overview
• Questions format

Introduction to project risk

• PMBOK guide review
• Defining and classifying risk
• Approach to risk management
• Risk management critical success factors
• Project risk management processes

Plan risk management

• Steps to generating the risk management plan
• Planning meeting and analysis
• Risk register contents
• Risk register update cycle
• Managing the risk register

Identify risks

• Information gathering techniques
• Diagramming techniques
• Analysis techniques
• Seven basic tools of quality

Perform qualitative risk analysis

• Risk probability and impact assessment
• Risk probability and impact matrix
• Risk data quality assessment
• Risk categorization
• Risk urgency assessment

Perform quantitative risk analysis

• Interviewing and understanding standard deviation
• Probability distributions
• Sensitivity analysis
• Expected monetary value analysis
• Decision tree analysis

Plan risk responses

• Risk response strategies
• Contingency response strategy
• Types of reserves
• Fallback plan

Monitor and control risks

• Risk reassessment
• Risk audits
• Variance and trend analysis
• Earned value management
• Reserve analysis

Risk communication and leadership

• Risk communication process
• General management and Leadership styles
• Motivational and management theories
• Conflict management