Project Risk Management

Start Date End Date Venue Fees (US $)
22 Nov 2026 Dubai, UAE $ 3,900 Register

Project Risk Management

Introduction

Risk is inherent in every project. Project risk is an uncertain event or condition that if it occurs, has a positive or a negative effect on project objectives. Risk Management is an organized systematic process of identifying analyzing, and responding to project risks. Today’s’ project manager must have the analytical ability to closely examine and assess the rake of each project, and take the necessary steps to mitigate the risk without compromising the integrity of the project. Project Risk Management provides you with a structured approach for assessing and managing a wide variety of project risks. This five-day interactive workshop offers a proven methodology for systematically identifying, analyzing, and mitigating project risk, throughout the project life cycle.

Objectives

    • Identify Project Risks which might affect the project
    • Develop a Risk Management Plan for a Project.
    • Perform a "Quantitative" analysis of risks
    • Measure the probability and consequences of risks and estimating their impact on project objectives using "Quantitative" analysis.
    • Develop procedures and techniques for risk response planning
    • Monitor residual risk and control new risks throughout the project life cycle

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

This course is designed for project planning engineers and managers, and senior project control and business services professionals who have the responsibility for controlling project schedules and costs in client and contracting companies.

Course Outline

Day 1:

  • Introduction and Overview Of Risk Management
  • Risk Types
  • Risk Classification

Day 2:

  • Risk Management Planning
  • Risk Management Plan
  • Project Risks

Day 3:

  • Qualitative Risk Analysis
  • Quantitative Risk Analysis

Day 4:

  • Risk Response Planning
  • Tools and Techniques
  • Outputs

Day 5:

  • Risk Monitoring and Control
  • Tools and Techniques
  • Outputs
    • Corrective actions
    • Updates to the risk response plan
    • Risk database
    • Updates to risk identification checklists

Accreditation

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