Offered By: CMCS - Collaboration, Management & Control Solutions FZ - LLC
Course Number: CMCS03

This course will cover risk management from an initial foundation in risk concepts through to leading edge processes. However, all that will be presented is founded on practical processes that have been used and are proven to deliver improved business outcomes. The course thoroughly explores the area of Project Risk Management including the latest additions to the Project Management Body of Knowledge 3rd Edition. Participants will learn to maximize the results of positive project events, and minimize the consequences of adverse events, both internal and external to the project. The course is designed according to the latest developments in active learning techniques. It allows participants to experiment with the techniques reviewed first hand through the use real life examples, exercises and group discussions.
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Course Objectives
The objective of this course is to develop clear understanding of project risk management processes and learn practical methods, tools and techniques for applying these processes to real projects. Because of this course, attendees will be able to know:

• The Principles Of Project Management
• Available Risk Management Methodologies
• Available Tools for Project Risk Management
• Implement A Standard Project Risk Management methodology:
  • How To Develop The Risk Management Plan
  • How To Identify Risks
  • How To Qualify Project Risks
  • How To Quantify The Exposure Of Project Risks Using
  • Decision Tree Analysis
  • Monte Carlo Simulation
  • How To Evaluate and Develop Risk Response Plans
  • Responding To Negative Risks/Threats
  • Responding To Positive Risks/Opportunities
  • How To Implement The Risk Risks Response Plans
  • How To Manage, Monitor and Control Project Risks
• A two-day workshop on Pertmaster Risk Analysis Software

Who Should Attend
The course is for all those who want to improve business outcomes and who undertake much of their work by project. Projects may be infrastructure through to internal change projects.


In What Industries
Government, Real State Development, Aerospace, Defence, Engineering and Construction, Manufacturing and Industrial, Oil and Gas\Petrochemical, Power and Water Utility Plants, Education and Training, Retail, Financial Services, Information Technology, Telecommunication, Automotive, Media Production, E-Business Enablers, Marketing and Sales, Pharmaceuticals, Environmental Management, Hospitality Management, Shipbuilding and Repair Yards.

 

Course Outline

Course Length: 5 days
Course Price: $2,800 (USD)

DAY 1 Risk Management concepts, reasons/benefits of undertaking risk management, development of a context to suit your environment.

DAY 2 Qualitative Risk Management. Using the process for your environment including objectives, risk identification and analysis, treatments and reporting. This session will also introduce you to RiskOrganizer.

DAY 3 Qualitative Risk Management. How to quantify risks in particular those that affect your time schedule. Participants are encouraged to bring in a schedule for their project so that this can be used for the analysis. This session will introduce you to PertMaster.

DAY 4 Qualitative Risk Management. How to quantify risks in particular those that affect your cost estimate. Participants are encouraged to bring in an estimate for their project so that this can be used for the analysis.

DAY 5 Integrating Qualitative and Quantitative Risk Analysis. How to bring the two processes together so they are integrated. This session will introduce you to RiskIntegrator. The session will also consider where the concepts raised during the course can be applied in other project areas to better manage risks.