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Project Management, Resource Management and Process Safety Management.

Project Management, Resource Management and Process Safety Management.

Course Objectives :

Participant Will Learn How To


 

  • Manage project risk effectively to deliver successful projects that meet stakeholder needs
  • Apply customizable, industry-robust templates to create a Risk Management Plan and Risk Register
  • Leverage a proven 7-step qualitative risk analysis process to identify risk exposure
  • Translate risk into actual time and cost impact using proven quantitative risk analysis tools
  • Utilize a tested 7-step technique to design your risk response strategies
  • Monitor risk triggers to control uncertainties and maximize project payoff

Course Content:


 

Overview of Project Risk Management

  • Recognizing risk in all projects
  • Using risk management best practices, tools and techniques to achieve project success

Designing Critical Platforms for Success

Creating a Risk Management Plan (RMP)

  • Analyzing contents of a model RMP
  • Applying a standard template to create your RMP

Identifying project risk

  • Common sources of project risk
  • Creating Ishikawa diagrams to analyze cause and effect relationships
  • Utilizing checklists
  • Assessing high-level risks to the organization

Developing a Risk Register

Improving Project Performance Through Qualitative Analysis

Analyzing risks through qualitative measures

Prioritizing analysis results

  • Ranking project risks
  • Differentiating between acceptable and unacceptable risks

Analyzing Risks Using Quantitative Methods

Quantifying effects of risk events on the project

Tools for analysis

  • Expected Monetary Value (EMV)
  • Three-point estimates
  • Probability distributions
  • Delphi Technique
  • Simulation

Risk Response Planning

Implementing risk response strategies

  • Accept   - Avoid  - Transfer  - Mitigate  -  Exploit
  • Share  -  Enhance
  • Quantifying residual risks and secondary responses

Creating contingency plans

Making Decisions Under Uncertainty

Psychological factors in decision making

  • Practical applications of Prospect Theory
  • Recognizing bias with Utility Theory

Tools to enhance objectivity

Monitoring and Controlling Risk

Identifying emerging project risks

Ensuring effective change control

  • Developing a reliable change request process
  • Recommending corrective action

Leveraging Project Experience

  • Creating an end-of-project risk report
  • Compiling lessons learned in a risk database
  • Recognizing the value of mistakes
  • Ensuring continual process improvement 

Event Information

Event Date 05-02-2023
Event End Date 09-02-2023
Individual Price $2,800.00
Location cairo
Categories Project Management