pr jectlink Making Project Management Work Project Risk Management Course Description The Project Risk Management course gives delegates a thorough overview of project risk management best practices and teaches hands-on project risk management processes and understanding. The course is not industry specific and can be applied in any project environment. Who should do this course? Delegates who: Ÿ Are experienced project managers. Ÿ Certied project/program managers wanting to broaden their knowledge in project risk management. Ÿ Certied project/program managers adhering to the PMI Continuing Certication Requirements (CCR) Program by earning PDU's. Ÿ Team leaders and subject matter experts on projects. Ÿ Members wanting to know more about project risk management. Course Overview Project managers and team members skilled in coping with project risks using proven processes achieve project success. Successful project managers know how to proactively Plan, Identify, Qualify, Quantify and Plan Risk Responses to known and unknown project risks in a timely and cost effective manner. The ultimate goal for the project team is to reduce and control the likelihood of threats and enhance opportunities. Students will learn about the 6 Risk management Processes as set out in the- A Guide to the Project Management Body of Knowledge (PMBOK ® Guide) - Fifth edition. Learn to manage project risks, and gain the advantage that good solid project risk management brings resulting in more successful projects. Course Benefits Ÿ Ÿ Ÿ Course le with all the course presentations and exercises. Certicate of Attendance. ® Earn 21 Professional Development Units (PDUs) for maintaining a PMI certication. T +27 (0) 12 660 0010 | F +27 (0) 12 660 0190 243 Willem Botha Avenue | Wierda Park | Centurion | South Africa Course Syllabus Learning outcomes: Ÿ Why do projects fail? Ÿ Dene project risk management. • Exercise 1 • Video (Exercise 2) Ÿ Explain the role of project risk management in project management. Ÿ Discuss good risk management practice. Ÿ Discuss critical success factors for risk management. Ÿ Contrast individual risks with overall project risk. Ÿ Discuss stakeholder attitudes. Ÿ Explain what is meant by risk management being considered to be an iterative process. Ÿ Discuss how risk management is communicated. Ÿ Motivate who is responsible for risk management. Ÿ Discuss the project manager's role for project risk management. Ÿ Name the project risk management processes. Ÿ Explain the process of “Plan Risk Management”. Ÿ Explain the process of “Identify Risks”. • Ÿ Explain the process of “Perform Qualitative Risk Analysis”. • Ÿ Exercise 4 Explain the process of “Perform Quantitative Risk Analysis”. • Ÿ Exercise 3 Exercise 5 ( Decision Tree) Explain the process of “Plan Risk Responses”. • Exercise 6 Ÿ Explain the process of “Monitor and Control Risks”. Ÿ Dene key risk related terms Project Risk Management 3 full days Course Format Delegates attend 3 class-based sessions over 3 days. Project risk management is a theory and exercise based course. This course consists of six exercises after some theory has been presented. Course Duration 3 full days. Accreditation This course is accredited with the PMI (REP 2525) and carries 21 PDU's for PMI® certification holders. ® ProjectLink is a Registered Education Provider with the PMI (REP2525), a Registered Service Provider with Service SETA (6591), Approved Education Provider (AEP no. 161310) for the AACE ® International, an Oracle Silver Partner to be able to supply Primavera training and products, a Microsoft Silver Partner, and many of our courses are registered with Consulting Engineers South Africa (CESA)-CESA-088-04/2013.