In any project, a risk is the chance of something happening that will have an impact upon objectives. It includes possibility of loss or gain, or variation from a desired or planned outcome, as a consequence of the uncertainty associated with following a particular course of action. The critical purpose of risk management is to identify potential problems before they occur so that risk-handling activities can be planned and invoked as needed across the project life cycle to mitigate adverse impacts on achieving objectives.
This course offers a comprehensive look at the risk management process and will teach you how to identify, analyse and respond to risks before they happen. It also teaches you to control and manage risks when they occur.
In four days, the instructor explores how state-of-the-art concepts can be applied to project risk management. Using examples from actual projects, the course provides you with practical, ready-to-use approaches for risk planning, identifying and analysing project risk issues, developing risk handling strategies, and monitoring progress in implementing risk handling strategies.