WHY RISK MANAGEMENT IS ALWAYS CHALLENGING?

Risks sometimes don't pay with money, but a LOT of MONEY. That is reason why most businesses, especially companies implementing mega project, always prioritize risk management in the best and most methodical way.

But sometimes risk also equals opportunity. So how to best identify and respond to these potential risks?

Do PMs correctly identify and understand what risks are?

What is the risk appetite of the business?

Does your business already have a risk management tool?

The inhouse training program - Risk management for businesses will honestly describe the underlying risks in project management, helping businesses access a million-dollar risk management template - something that the PMs wish to be implemented once in project executing.

COURSE IMPLEMENTATION

- Analysis of training needs of enterprises: target participants, output goals, expectations from the company. Unify and select suitable case studies to analyze in the class.

- Adjust and unify teaching content (documents - time - place)

- Implement training

- Report after training

COURSE OBJECTIVES

- Access to million dollar risk template

- The most effective way to identify and manage risks

- Have a strong background in the concept of risk

- How to convert risks into opportunities

- Effective response to risk

- Practice risk management right on the participants' case studies under the guidance of the instructor

Program duration: 3 days, or customizable according to the suitable duration for each business.

PROGRAM OUTLINE

The Program is delivered using a combination of instructor-led lectures, case study and exercises on practical implementation of the concepts discussed within the training. The topics presented below define the areas of focus under the program.

1. Introduction to PMI Risk Management Professional

2. Risk Management Framework

• Project Risk Management Definitions
• Role of Project Risk Management
• Good Risk Management Practices
• Critical Success Factors for Project Risk Management
• Organizational Structures and Associated Risks
• Different Types of Risks

3. Principles and Concepts

• Individual Risks and Overall Project Risk
• Stakeholder Risk Attitudes
• Iterative Process
• Communication
• Responsibility for Project Risk Management
• Role of Project Manager

4. Introdution to Project Risk Management Processes

• Project Risk Management and Project Management
• Project Risk Management Processes

5. Plan Risk Management

• Purpose and Objectives of the Plan Risk Management Process
• Critical Success Factors for the Plan Risk Management Process
• Inputs, Tools and Techniques, and Outputs of Plan Risk Management Process
• Document the Results of the Plan Risk Management Process
• Risk Management Plan
• Risk Categories (RBS)
• Risk Probability and Impact Matrix

6. Identify Risks

• Purpose and Objectives of Identify Risks Process
• Critical Success Factors for Identify Risks Process
• Inputs, Tools and Techniques, and Output of Identify Risks Process
• Information Gathering Techniques: Brainstorm, Delphi technique, etc.
• Remind Lists, Risk Categories, and Best Practices in Identify Risks Process
• Document the Results of Identify Risks Process
• Risk Register

7. Perform Qualitative Risk Analysis

• Purpose and Objectives of the Perform Qualitative Risk Analysis Process
• Critical Success Factors for the Perform Qualitative Risk Analysis Process
• Inputs, Tools and Techniques along with their Characteristics, and Outputs of the Perform Qualitative Risk Analysis Process
• Risk Probability and Impact Assessment
• Document the Results of the Perform Qualitative Risk Analysis Process

8. Perform Quantitative Risk Analysis

• Purpose and Objectives of the Perform Quantitative Risk Analysis Process
• Critical Success Factors for the Perform Quantitative Risk Analysis Process
• Inputs, Tools and Techniques along with their Characteristics, and Outputs of Perform Quantitative Risk Analysis Process
• Data Gathering and Representation Techniques: Interview, Probability distributions
• Quantitative Risk Analysis and Modeling Techniques: Sensitivity analysis, EMV, Modeling and simulation
• Document the Results of the Perform Quantitative Risk Analysis Process;
• Key Terminologies.

9. Plan Risk Responses

• Purpose and Objectives of the Plan Risk Responses Process
• Critical Success Factors of the Plan Risk Responses Process
• Risk Response Strategies for Negative Risks or Threats: Avoid, Transfer, Mitigate, Accept
• Risk Response Strategies for Positive Risks or Opportunities: Exploit, Enhance, Share, Accept
• Inputs, Tools and Techniques and their Categories, and Outputs of the Plan Risk Responses Process;
• Document the results of the Plan Risk Responses Process
• Key Terminologies.

10. Control Risks

• Purpose and Objectives of the Control Risks Process
• Critical Success Factors for the Control Risks Process
• Inputs, Tools and Techniques, and Outputs of the Control Risks process
• Risk Reassessment
• Risk Audits
• Variance and Trend Analysis
• Reserve Analysis
• Document the results of the Control Risks process
• Key Terminologies.

11. Recap

12. Case Study, Practice test and Discussion

Who is the trainer?

Nguyen Si Trieu Chau, PMI Young Professional Award Winner 2020, LIMC, PfMP, PgMP, PMP, PMI-ACP, PMI-PBA, PMI-RMP, PMI-SP, CAPM, DASM, DASSM, IPMO-E, PMO-CP, PSM-I, PSM-II, PSPO-I, PMI ATP Instructor - PMP, PMI ATP Instructor - DASM, PMI ATP Instructor – DASSM and associate instructors.

For more information about instructors, click here.

Contact Info:

Atoha Institute of Project Management - The key to professional project management

HCM: 69-71 Thach Thi Thanh, Tan Dinh Ward, District 1 

Hanoi: 299 Cau Giay, Dich Vong Ward, Cau Giay District 

Toronto: 10 Oakfield Dr, Toronto, ON, M8Y 1N7, Canada

Hotline: 0707 666 866 | HCM: (028) 6684 6687 | Hanoi: (024) 6686 1248