Training on Risk Management for Projects, Programs & Operations Course

This training on risk management for projects, programs & operations course equips you with the practical skills and knowledge to proactively manage risks across projects, programs, and operations. You'll learn a proven six-step risk management methodology, covering planning, identification, analysis, response, implementation, and control. We'll explore both qualitative and quantitative risk assessment techniques, emphasizing the importance of identifying and mitigating threats while capitalizing on opportunities. This program is designed for all industry sectors and aligns with PMBOK 6th edition and ISO 31000/31010 standards.

Key Features:

• Proactive Risk Management: Learn to identify and mitigate risks before they impact your projects or operations.
• Six-Step Methodology: Master a proven six-step process for effective risk management.
• Qualitative & Quantitative Techniques: Apply both approaches to risk analysis for comprehensive assessments.
• Real-World Case Studies: Analyze successful and unsuccessful risk management strategies.
• Interactive Learning: Engage in dynamic sessions with exercises, discussions, and group work.

Target Audience:

This training on risk management for projects, programs & operations course is designed for all professionals involved in project, program, and operational management:

• Operations Team Leaders & Managers
• Project Managers & Team Leaders
• Maintenance Managers & Technicians
• Technical Professionals (start-up, maintenance, shut-down)
• Business & Project Support Staff
• Risk Managers & Professionals

Training Objectives:

Upon successful completion, you will be able to:

• Understand the Risk Management Process: Gain a comprehensive overview of risk management methodologies.
• Identify Risks: Identify risks affecting project/program/operational safety, time, cost, and quality.
• Analyze & Mitigate Risks: Apply techniques to identify, analyze, and mitigate risks throughout lifecycles.
• Develop Risk Management Strategies: Create effective risk monitoring plans and strategies.
• Develop a Risk Budget: Create a risk budget based on Expected Monetary Value (EMV).

Course Outline:

Module 1: Risk Management Framework & Planning

• Projects, Programs, & Operations Context
• The Six Risk Management Processes (Planning, Identification, Analysis, Response, Monitoring, Control)
• Purpose & Benefits of Risk Management
• Responsibilities in Risk Management
• Integrating Risk Management into Operations
• Risk Management Planning Process

Module 2: Risk Identification Processes

• Operations Context & Stakeholders
• Risk Identification Inputs (project documents, stakeholder input)
• Risk Identification Tools & Techniques (brainstorming, checklists, interviews, etc.)
• Consequential Risk Identification
• Risk Identification Outputs (risk register)
• Risk Planning & Identification Exercises

Module 3: Risk Assessment & Quantification

• Estimating Techniques (analogous, parametric, bottom-up)
• Schedule Diagramming - Critical Path Method (CPM)
• Program Evaluation & Review Technique (PERT)
• Qualitative Risk Analysis (probability and impact matrices)
• Quantitative Risk Analysis (Monte Carlo simulation, decision trees)
• Risk Assessment Exercises

Module 4: Risk Response Plan Development

• Risk Prioritization (based on probability and impact)
• Risk Response Strategy Guidelines
• Response Strategies for Threats & Opportunities (avoidance, mitigation, transfer, acceptance)
• Response Planning & Analysis (cost-benefit analysis, EMV)
• Alternative Responses & Response Validation
• Risk Response Planning Exercises

Module 5: Risk Response Implementation & Control

• Risk Control Guidelines
• Risk Control Inputs (risk register updates, risk response plan)
• Risk Control Tools & Techniques (monitoring, reporting, communication)
• Risk Control Outputs (updated risk register, progress reports)
• Risk Reporting & Documentation
• Risk Management Simulation Exercise

Certification:

Upon successful completion, you will receive a certificate of completion.