One of the critical components of managing a project is being able to effectively identify and manage the risks that threaten the success of the project. Project managers embark on projects without proactively identifying risks and agreeing contingency plans with all the relevant stakeholders.
Having a detailed risk management plan ensures that the project can be implemented in the knowledge that contingency plans and resources are available to control the risk should it become a reality.
Effective risk management plans are the project manager’s defence against the unforeseen and equip him with the tools to quickly manage a risk should it occur.
Understanding how to manage risks in projects
Understanding risk and being able to identify the different risks.
Learning how to carry out an effective project risk assessment.
Identifying triggers, causes, effects and owners of the risks
Drawing up a project risk plan.
Monitoring and controlling the plan and the risks.
Implementing agreed risk responses in accordance with the plans
INDIVIDUAL LEARNING OUTCOMES - ALIGNED TO SPECIFIC OUTCOMES
At the conclusion of this course, learners will be able to:
Identify potential risks that could affect project performance.
Contribute to the assessment of the impact and likelihood of identified risks.
Contribute to the development of a risk management plan.
Monitor and control project risks.
ASSESSMENT CRITERIA AND METHODOLOGY
Pre and post Module assessments which measure individual knowledge levels
Participation in class discussions and exercises
Completion of a Portfolio of Evidence
Submission of post course written assignment which assess the individual’s ability to draw up a detailed work related risk management plan.