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Project Risk Management Training
Rated 4.5/5 based on 87 customer reviews

Project Risk Management Training

Learn the art of effective Risk Management to pull off successful projects

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Modes of Delivery

Live Online Classroom

Collaborative, enriching virtual sessions, led by world class instructors at time slots to suit your convenience.

Classroom

Our classroom training provides you the opportunity to interact with instructors and benefit from face-to-face instruction.

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Description

Not just small businesses and organizations, but even the world’s biggest enterprises are not risk averse and lose millions of dollars due to poor risk management. It is estimated that over 70% of global projects fail due to time delays and budget overrun, causing severe loss to the organization and the global economy. One of the main reasons for these failures is the lack of Risk Management knowledge and implementation.

Risk Management comes out as the key differentiator for successfully completing the projects on time and within budget. This course helps you not only to understand the tools and techniques of Project Risk Management but also how to apply them to develop a Project Risk Register for a sample case study under consideration. You will learn to tackle risks by identifying and analysing change and potential risk factors, and ways to circumvent them.

What you will learn:
By the end of this course, you will be able to

  • Define risk and risk management
  • Identify risks using various methods
  • Assess the potential impact of risk factors
  • Prioritize risks to determine the most important
  • Develop effective risk response strategies
  • Control risk during project execution using proven tools and techniques

Key Features

8 hours training on Project Risk Management providing a holistic insight
Systematic learning method for Project Risk Management as per PMI® guidelines
Learn to identify, analyze and respond to project risks effectively
Learn the various tools and techniques for Project Risk Management
A case study driven approach with hands on exercises
This is a basic introductory course only

Curriculum

  • Introduction to projects and project risks
  • Human aspect of Risk Management (Risk Attitude – Risk Taking, Risk Neutral, Risk Averse)
  • Risk Management – A Proactive Approach for managing uncertainties
  • Threats and Opportunities
  • Known and Unknown Risks
  • Business Risks and Pure Risks
  • Understanding the sample project case study
  • Preparing to develop a Risk Register
    • Identify Risks (Threats and Opportunities)
    • Risk Categories and Risk Breakdown Structure
    • Analyse and Assess Risks (Probability and Impact)
    • Qualitative Risk Analysis
    • Probability Impact Matrix
    • Quantitative Risk Analysis
    • Expected Monetary Value and Decision Tree Analysis
    • Developing Risk Response Strategies
    • Strategies for Threats
    • Strategies for Opportunities
    • Contingent Strategies

  • Implement Risk Responses
  • Monitor Risks

reviews on our popular courses See All

Event was well delivered. Instructors are well versed in project risk management and helpful. Food and place are comforting. Overall 5 stars

Attended Project Risk Management workshop in March 2019

I know from first-hand experience that you can go from zero and just get a grasp on everything as you go and start building right away. 

Attended Full-Stack Development Bootcamp workshop in July 2021

The learning system set up everything for me. I wound up working on projects I've never done and never figured I could. 

Attended Full-Stack Development Bootcamp workshop in June 2021

The learn by doing and work-like approach throughout the bootcamp resonated well. It was indeed a work-like experience. 

Attended Front-End Development Bootcamp workshop in May 2021

Overall, the training session at KnowledgeHut was a great experience. I learnt many things. I especially appreciate the fact that KnowledgeHut offers so many modes of learning and I was able to choose what suited me best. My trainer covered all the topics with live examples. I'm glad that I invested in this training.

Attended PMP® Certification workshop in May 2020

The KnowledgeHut course covered all concepts from basic to advanced. My trainer was very knowledgeable and I really liked the way he mapped all concepts to real world situations. The tasks done during the workshops helped me a great deal to add value to my career. I also liked the way the customer support was handled, they helped me throughout the process.

Attended PMP® Certification workshop in April 2020

The workshop held at KnowledgeHut last week was very interesting. I have never come across such workshops in my career. The course materials were designed very well with all the instructions were precise and comprehenisve. Thanks to KnowledgeHut. Looking forward to more such workshops.

Attended Certified ScrumMaster (CSM)® workshop in January 2020

I really enjoyed the training session and am extremely satisfied. All my doubts on the topics were cleared with live examples. KnowledgeHut has got the best trainers in the education industry. Overall the session was a great experience.

Attended Agile and Scrum workshop in February 2020
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Mohamad Khairul Faizal

Head of Technology & Business Strategy
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Madeline R

Front-End Developer
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Tyler Wilson

Full-Stack Expert
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Matt Connely

Full Stack Engineer
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Lauritz Behan

Computer Network Architect.
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Nathaniel Sherman

Hardware Engineer.
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Alexandr Waldroop

Data Architect.
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Tilly Grigoletto

Solutions Architect.

Frequently Asked Questions

There are no prerequisites for attending this course. Any professional with a keen interest to learn project risk management with hands-on exercises can attend and benefit.

Novices, beginners and even risk managers who want to reinforce their skills can benefit from this course.

Governments and organizations lose billions of dollars annually on failed projects. Failure to identify and mitigate risks at the correct time is one of the major reasons for project failure. A risk management professional can identify risks, assess risks, implement risk responses and thus save the organization’s money and reputation. Professionals with risk management expertise are much coveted. Risk management salaries typically fall between $161,955 and $247,064 in the U.S. This is the right time to enroll for this course and get started on a great career.

On successful completion of the course you will receive a course completion certificate issued by KnowledgeHut

You will receive 1 credit per hour of learning which totals to 8 credits for the entire workshop.

Your instructors are industry veterans who have successfully led project management in organizations across sectors and will hand hold you through its practical and strategic aspects.

Any registration cancelled within 48 hours of the initial registration will be refunded in FULL (please note that all cancellations will incur a 5% deduction in the refunded amount due to transactional costs applicable while refunding) Refunds will be processed within 30 days of receipt of written request for refund. Kindly go through our Refund Policy for more details:  https://www.knowledgehut.com/refund-policy

Please send in an email to support@knowledgehut.com, and we will answer any queries you may have!

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