Project Risk Management

Project risk management includes the processes of conducting risk management planning, identification, analysis, action planning, and controlling risk on a project. This training program will analyze the objectives of project risk management - to increase the likelihood and impact of positive outcomes while decreasing the likelihood and impact of negative events affecting the success of the project.

Why Should You Attend:

Assessing risks on a project, in a way that will add value and help you manage the project better, is not easy. Complex projects are full of uncertainties and potential pitfalls. Resources and time needed to complete a project are many times estimated without a full understanding of the business needs, so projects are inherently risky anyway. For some projects, such as the ones using new, untried technology the whole project may present a risk for the firm.

This webinar will explore how a sound project risk management methodology will ensure that all risks inherent in each project are identified, assessed with respect to probability and magnitude, and dealt with in an effective and efficient manner without causing delays, cost overruns or impacting the quality of deliverables.

Areas Covered in the Webinar:

• Why project risk management matters
• Basic steps in the process, using a simple case study to aid your learning
• Definitions of project risk, risk events and general variability
• Human aspects of risk management, including attitude and heuristics
• Initiating risk management - the plan, project-specific impact scales, risk tolerances
• Risk identification techniques
• Communicating risks using structured risk descriptions
• The risk register - tracking risks
• Risk owners and action owners
• Risk assessment - prioritizing risks using probability and impact
• Risk proximity
• Inherent versus current risk exposure
• Generic responses to threats and opportunities
• Secondary risks
• Assessing residual exposure after responding to a risk
• Updating risk plans
• Improving risk management and keeping the process alive and relevant for the project’s entire life cycle

Who Will Benefit:

• Risk Officers
• Compliance Officers
• Internal and External Auditors
• Financial Controllers
• Operations Managers
• IT Managers
• Product Managers
• Business Managers
• Investment Managers
• CFOs (Chief Financial Officers)
• COOs (Chief Operating Officers)
• CROs (Chief Risk Officers)
• CIOs (Chief Information Officers)
• CPAs (Certified Public Accountants)
• CBAs (Chartered Bank Auditors)
• CIAs (Certified Internal Auditors)