Project Risk Management & Compliance

Course Code: PJ15

►Course Objective

 

  • Get an overview of the Risk Management Process
  • Learn to identify risks that affect project quality, time & schedule, cost and scope
  • Apply useful techniques to identify, analyze, mitigate and monitor risks in the project life cycle
  • Learn how to create an effective risk monitoring plan and risk management strategies
  • Use a practical, six-step process to manage project risk
  • Develop a risk budget based on Expected Monetary Value (EMV)

 

►Target Audience

 

  • managers
  • senior buyers
  • project managers, civil engineers
  • construction managers
  • contractors, sub-contractors
  • site engineers, senior management
  • government agencies

 

►Course Outline

 

DAY 1

Risk Management Framework and Planning

  • Introduction
  • Key definitions
  • Project Management Body Of Knowledge (PMBOK) – 6 risk management processes
  • Project risk management goal
  • Purpose of risk management
  • Benefits of risk management
  • Responsibilities in risk management
  • Integrating risk management into the project management process
  • Components of risk
  • Types of risk
  • Six steps of risk management
  • Plan the approach to risk management
  • Risk Identification
  • Risk Assessment & Quantification
  • Risk Response Plan Development
  • Risk management plan execution
  • Evaluating risk response results
  • Risk Planning (Step 1)
  • Plan the approach to risk management
  • Planning inputs, tools & outputs

DAY 2

Risk Identification Processes

  • Risk Identification (Step 2)
  • Identification inputs & tools
  • Identification guidelines
  • Risk identification techniques
  • Risk categories
  • Risk identification outputs
  • Review of Cost & Schedule Estimating in Relation to Risk
  • Cost estimating classes & types
  • Cost estimating methods
  • Accuracy, allowances, contingency & management reserve
  • Work Breakdown Structures (WBS)
  • Schedule diagramming – critical path method (CPM)
  • Resource management
  • Earned value method (EVM)
  • Baselining

DAY 3

Risk Assessment and Quantification Processes

  • Risk Assessment & Quantification (Step 3)
  • Risk analysis inputs
  • Risk analysis guidelines
  • Probability analysis
  • Impact analysis
  • Risk analysis approaches – qualitative & quantitative
  • Risk analysis tools & techniques
  • Statistical sums in risk analysis
  • Program Evaluation & Revue Technique (PERT)
  • Monte Carlo simulation
  • Decision trees
  • Project risk rating & prioritizing
  • Risk analysis outputs

DAY 4

Risk Response Plan Development

  • Risk Response Plan Development (Step 4)
  • Risk response development inputs, tools & techniques
  • Risk response strategy guidelines
  • Response strategies for threats
  • Response planning & network diagramming
  • Response analysis
  • Alternative responses
  • Reserves – contingency & management
  • Response planning outputs

DAY 5

  • Risk Response Control
  • Risk management plan execution (Step 5)
  • Risk response control tools
  • Risk response control guidelines
  • Risk strategy execution
  • Evaluating risk response results (Step 6)
  • Risk documentation


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Date & Location

Date : 03 March 2019

Duration : 5 days

Place : Kuala Lumpur

Join This Course Now

Date : 15 September 2019

Duration : 5 days

Place : Jakarta

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