Sharma Management International
!
Outline For
Project Risk Management
2-Day Workshop Program
!
By
S harma M anagement I nternational
Sharma Management International Sdn Bhd (Co No 767951-x)
25B, Jalan SS15/4B, Subang Jaya, 47500, Petaling Jaya, Selangor
Phone: +60356126230 / +60164118610 ;
E-mail: rumesh@sharma.com.my
Website:www.sharma.com.my
!
!
Outline(for(Project(Risk(Management!
Page!1!
Disclaimers!
!
This! document! is! the! proprietary! and! exclusive! property! of! Sharma! Management!
International! except! as! otherwise! indicated.! No! part! of! this! document,! in! whole! or! in!
part,!may!be!reproduced,!stored,!transmitted!or!used!for!design!purposes!without!the!
prior!written!permission!of!Sharma!Management!International.!
!
The!information!contained!in!this!document!is!subject!to!change!without!notice.!
!
The! material! in! this! document! is! for! information! purposes! only.! Sharma! Management!
International! disclaims! all! warranties,! express! or! limited,! including! but! not! limited! to,!
the!implied!warranties!of!merchantability!and!fitness!for!a!particular!purpose.!!
!
!
!
!
!
!
Document!History!
Version! Issued!by!
2!
Sharma!Management!International!
Issue!
Revised!
date!!
date!!
Comments!
27/05/12! 12/05/13! !
!
Outline(for(Project(Risk(Management!
Page!2!
1. Overview!
!
This!course!commences!with!introducing!the!concept!of!project!risk!management.!Given!
that!all!project!are!subject!to!risk,!project!managers!and!team!members!have!to!be!in!a!
position! to! transfer! or! reduce! unacceptable! risk! and! then! set! up! a! monitoring! and!
control!system!to!manage!risk!effectively.!!
!
The!course!is!based!on!a!case!study!approach!in!which!the!participants!will!be!required!
to!practice!risk!management!processes!based!on!issues!listed!in!a!case!that!involves!a!
project.! The! project! selected! shall! be! one! that! is! relevant! to! the! industry! that! the!
participants!are!involved!in.!
!
Through! the! adoption! of! such! an! approach,! the! participants! will! deeper! insights! into!
issues! that! relate! to! risk! and! how! these! risks! should! be! controlled! when! undertaking!
projects.! In! addition,! the! participants! will! also! be! provided! with! templates! on! risk!
management! that! they! will! require! when! planning! for,! identifying,! analyzing! and!
responding!to!risks!in!projects.!
!!!
Terminal!Objective!!
!
At!the!end!of!the!program!the!participants!will!be!able!to!!
!
 Define!risk!and!risk!management!!
 List!sources!and!types!of!risks!encountered!in!projects!!
 Describe!the!key!aspects!relating!to!Project!Management!Framework!!
 Recognize!risk!management!processes!!
 Identify!risks!associated!with!projects!!!!
 Analyze!risks!identified!based!on!best!practices!!
 Select!appropriate!responses!to!risks!!!
 Develop!and!update!risk!registers!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
!
Outline(for(Project(Risk(Management!
Page!3!
Details of Program Content
DAY 1
Time
Activity
9.00
Introduction and Overview
9.05
Pre Test
9.15
Project Management Framework
 Project Life Cycle
 Project Management Life Cycle
 Project Stakeholders
9.30
Overview of project risk management
9.45
Risk Management Process
10.30
TEA BREAK
10.45
Risk Planning Process
11.30
Dealing with risk elements
12.30
Developing a risk register
13.00
LUNCH
14.00
Video clip on project risk management
14.05
Risk Identification Process
14.15
Sources and types of risks in projects
14.30
Group based exercises on risk identification based on case
study
15.00
Facilitator feedback on risks identified
15.30
TEA BREAK
15.45
Risk Analysis Process
16.00
Types of risk analysis
 Qualitative
 Quantitative
16.15
Group based exercise on risk analysis based on case study
16.30
Facilitator feedback on risks analysis done
17.00
Question and answer and wrap up
17.30
End of Day One
Outline(for(Project(Risk(Management!
Page!4!
Details of Program Content
DAY 2
Time
Activity
9.00
Recap of previous day’s session
9.15
Introduction to the concept of risk prioritization
9.30
Risk prioritization guidelines
 Internal risk
 External risk
 Project risk
9.45
Exercise on risk prioritization based on case study
10.15
Facilitator feedback on risks prioritized
10.30
TEA BREAK
10.45
Risk response planning
 Inputs
 Tools and Techniques
 Outputs
13.00
LUNCH
14.00
Risk responses

Tolerate it

Treat it

Transfer it

Terminate it
14.30
Exercise on risk responses based on case study
15.15
Facilitator feedback on risks responses
15.30
TEA BREAK
15.45
Monitoring and controlling risks
16.00
Risk reporting process
16.15
Exercises on risk reporting based on case study
17.00
Question and answer and wrap up
17.15
Post Test
17.30
Question and answer and wrap up
Outline(for(Project(Risk(Management!
Page!5!
2. Summary of learning plan for Project Risk Management
Focus
Tools/ Materials
Understanding concepts
relating to project risk
management
Pre and post test
√
Understanding
relationship between
different constructs
relating to risk
management
Exercises on project risk
management
Mind map
√
Exercises based
on case study
√
1.
2.
3.
4.
Learning dimensions addressed
Understanding
Retention
Application
√
√
Risk identification
Risk analysis
Risk considerations
Risk response
Awareness on key
concepts relating to
project risk management
Video clip on
project risk
management
Identification of Project
Risk
Risk
identification
checklist
√
Risk Analysis
Sample risk
analysis matrix
√
√
Project Risk register
Templates for
risk registers
√
√
Outline(for(Project(Risk(Management!
√
√
Page!6!
3. Summary!of!program!structure!for!Project!Risk!Management!!!
Duration!
!
 2!days!!(9AM!–!5:30!PM)!
!
Medium!of!Instruction!
!
 English!!
!
Topic!covered!
!
 Introduction!to!project!risk!management!
 Project!Risk!Planning!
 Project!Risk!identification!
 Project!Risk!analysis!!
 Project!Risk!prioritization!
 Project!Risk!response!
!
Presentation!/!Discussions!
Participants!shall!be!encouraged!to!share!and!discuss!the!following!
o Project!risks!
o Requirements!to!manage!risk!
!
Individual!reflection!
 Each!participants!shall!be!required!to!summarize!how!they!will!
o Apply!what!is!learnt!in!the!Project!Risk!Management!Course!!
!
!
Exercises!!!
!
!
 Participants!will!be!required!to!do!exercises!related!to!!
o Risk!identification!
o Risk!classification!!
o Risk!analysis!!
o Risk!response!!
!Video!clip!presentation!!
!
 Participants!will!be!given!the!opportunity!to!view!a!video!clip!entitled!!
o Fundamentals!of!project!risk!management!!
Templates!!
!
 Participants!will!be!given!the!following!templates!!
o Risk!Analysis!!
o Risk!Identification!!
o Risk!Register!!
Outline(for(Project(Risk(Management!
Page!7!