The British Academy for Training and Development offers a professional training course in Project Risk Management & Compliance. This course emphasizes the awareness of project risk management to minimize adverse project impacts and improve project execution. Project management is about managing risk. Ability to seize opportunities, minimize risks and optimize outcomes. But all too often, risk management is treated as a reactive process, or worse, not done at all. A better understanding of the risks that can affect your project and how to effectively manage them will help you complete your project on time, on budget, and with a clear health, safety and environmental record. This project risk management training takes a proactive approach to both sides of risk, threats and opportunities. This approach is based on a clear understanding of qualitative and quantitative approaches to risk management. Our course is provided by a team of internationally experienced managers.

Who should attend? 

• Project management professionals.
• Project managers in all sectors.
• Project management office members.
• Executive managers.
• Entrepreneurs.
• Project monitors.
• Project supervisors.

How attendees will benefit? 

After completion of the course, delegates will understand: 

• How to identify risks that affect project quality, time and schedule, cost and scope.
• Get an overview of the risk management process.
• Apply useful techniques to identify, analyse, mitigate, and monitor risks in the project lifecycle.
• Learn how to create effective risk monitoring plans and risk management strategies.
• Use a practical 6-step process for managing project risk.
• Develop a risk budget based on expected monetary value (EMV).

Risk Management Framework and Plan:

• Key Definitions.
• The PMBOK® Six Risk Management Processes.
• Risk Objectives and Benefits.
• Responsibilities in Project Risk Management.
• Integrating Risk Management into the Project Management Process.
• Risk Management Plan.
• Risk Planning Process.

Risk Identification Process:

• Project Background and Stakeholders.
• Risk Identification Information.
• Risk Identification Tools and Techniques.
• Risk Identification Outputs.

Risk Assessment Process:

• Project Estimating Techniques.
• Planning Chart - Critical Path Method (CPM).
• Project Evaluation and Review Technique (PERT).
• Qualitative Risk Analysis.
• Quantitative Risk Analysis.

Risk Response Plan Development:

• Risk Prioritization.
• Risk Response Strategy Guidelines.
• Strategies for Responding to Threats and Opportunities.
• Response Planning and Analysis.
• Alternative Responses.
• Response Validation.
• Reserves -  Emergencies and Management.

Risk Response Control:

• Resource Management.
• Risk Management Guidelines
• Risk Management Inputs.
• Risk Management Tools and Techniques.
• Risk Management Outputs.
• Risk Reporting & Documenting.
• Course Summary and Work Session Review.