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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

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

Everything was well organized. I would like to refer to some of their courses to my peers as well. The customer support was very interactive. As a small suggestion to the trainer, it will be better if we have discussions in the end like Q&A sessions.

Attended PMP® Certification workshop in May 2018

Overall, the training session at KnowledgeHut was a great experience. Learnt many things, it is the best training institution which I believe. My trainer covered all the topics with live examples. Really, the training session was worth spending.

Attended PMP® Certification workshop in May 2018

The trainer was really helpful and completed the syllabus on time and also provided live examples which helped me to remember the concepts. Now, I am in the process of completing the certification. Overall good experience.

Attended PMP® Certification workshop in May 2018

I had enrolled for the course last week. I liked the way KnowledgeHut framed the course structure. The trainer was really helpful and completed the syllabus on time and also provided live examples which helped me to remember the concepts.

Attended Agile and Scrum workshop in May 2018

The course materials were designed very well with all the instructions. The training session gave me a lot of exposure and various opportunities and helped me in growing my career.

Attended PMP® Certification workshop in May 2018

The hands-on sessions helped us understand the concepts thoroughly. Thanks to Knowledgehut. I really liked the way the trainer explained the concepts. He is very patient.

Attended Certified ScrumMaster®(CSM) workshop in May 2018

My special thanks to the trainer for his dedication, learned many things from him. I liked the way they supported me until I get certified. I would like to extend my appreciation for the support given throughout the training.

Attended Certified ScrumMaster®(CSM) workshop in May 2018
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Mohamad Khairul Faizal

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Steffen Grigoletto

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Lauritz Behan

Computer Network Architect.
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Vito Dapice

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York Bollani

Computer Systems Analyst.
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Kayne Stewart slavsky

Project Manager
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Anabel Bavaro

Senior Engineer
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Prisca Bock

Cloud Consultant

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 enrol 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

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

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