Project Risk Management
What you'll learn
- Understanding of the need for managing risks on projects and in an organisation
- Define risk and the different types of risks.
- Understand risk concepts including risk appetite, tolerance, criteria, etc
- Learn and become familiar with the processes required to manage project risks
- Identify project risks and how to create a risk register with various tools and techniques
- Analyse project risks. Including tools for qualitative and quantitative analysis
- Create risk response strategies
- Implement, monitor and control risk responses
- - Understand how to manage risks on project
- No prior Risk Management or Project Management experience required.
Projects are one-off pieces of work that are completed within a fixed timescale. They are undertaken to create unique products and services. They usually contain a great deal of risks, uncertainties, and complexities that need to be managed. Projects are necessary for there to be development in any business or nation. The challenge however is that management of projects could be complex especially if the requisite knowledge and skills are missing in those saddled with this responsibility.
There are a series of project management approaches and tools to help organizations reduce these risks, and create an effective platform to deliver project objectives. These approaches have been carefully documented over the years and they can be learnt.
Training in project management, especially one with a practical approach, can help participants gain the necessary knowledge and skills to appropriately utilize the project management tools and techniques to ensure success on their projects.
This course is focused on the processes for managing risks on projects. The course is useful for those preparing for the project management professional certification exam and those new to risk management or that have the responsibility of managing projects as team members or subject matter experts. The course explores in detail the definitions, processes, tools and techniques that are critical to successful management of risks on projects. Techniques and tools for risk identification, risk analysis, risk response planning and monitoring and control are discussed extensively.
The course covers the 7 processes of Risk Management namely;
Plan Risk Management
Perform Qualitative Risk Analysis
Perform Quantitative Risk Analysis
Plan Risk Responses
Implement Risk Responses and
At the end of this course, participants would be able to;
Understand the need for managing risks on projects and in an organisation
Define risk and understand risk concepts including risk appetite, risk tolerance, risk criteria, etc
Understand the different types of risks
Enumerate the processes required to manage project risks
Identify project risks and how to create a risk register with various tools and techniques
Analyse project risks, including tools for qualitative and quantitative analysis
Create risk response strategies
Implement, monitor and control risk responses
Understand how to manage risks on project
Who this course is for:
- This course is for those that need a knowledge of Risk Management as part of their preparation for the Project Management Professional Exam or any other exam based on a body of knowledge that includes Risk Management. Also for Project Managers that need to gain knowledge and competence in managing risks on projects and business.
- Project Managers
- PMP Candidates
- Risk Managers
- Business Managers
Oluseye Kolawole, PMP. Prince 2, Professional Scrum Master, International Association of Safety Professionals (IASP) Certified Safety Trainer/Manager, IASP West Africa Board Member
Oluseye has over 20 years hands on experience working on and leading multidisciplinary projects in the Telecommunications, Financial, Manufacturing, Construction and Oil & Gas sectors of the economy. A certified PECB (Canada), PTLLS (UK), IASP (USA) and ITF (Nigeria) Trainer, Seye has keen interest and expertise in Health Safety and Environment, Project Management, Risk Management, Business Process Improvement as well as Quality Management.
Seye is an IASP Certified Safety Manager/Trainer, Certified Project Manager (PMP), Prince 2 Practitioner, Professional Scrum Master, Certified Lead Risk Manager, Certified Six Sigma Green Belt and NEBOSH IGC holder, just to mention a few.
He is a graduate of Chemical Engineering, University of Lagos and has a Shell Special Intensive Training Program Certificate in Oil & Gas Engineering from the Robert Gordon University, Aberdeen, Scotland. He is an alumnus of the Lagos Business School Owner Manager Program (OMP)
He has facilitated Project Management, HSE, Risk Management, Improvement courses for a host of top indigenous organizations, multinationals and government institutions. He is the Managing Partner at OAK Interlink Company Limited, and a Director at Kristina Jade & Company, a learning support services company based in Lagos, Nigeria