Principles of Risk Management

Target Audience

Team managers / members who wish to understand the concepts of risk management, and the benefits of managing risk effectively.

Learning Objectives

A two-day introductory level course designed to provide delegates with an understanding of the key principles and processes of risk management. The course uses the APM Project Risk Analysis and Management (PRAM) guide as a foundation document

Pre-Requisites

None.

Select a course date to view a detailed course outline.

Course Summary

Training Course Content

Introduction

Why Projects Fail
  • When carried out correctly, risk management will increase the likelihood of achieving time, cost and performance objectives, and hence successful project completion.
Risk Management Principles and Processes
  • Risk Identification
  • Methods
  • Work Breakdown Structure
  • Network Analysis
  • Risk Categories
  • Risk Register
Qualitative Analysis
  • Probability / Impact Diagrams
  • Key Risk Identification
  • Case Study
Quantative Analysis
  • Justification
  • Methods
  • Failure Mode Effect Analysis (FMEA)
  • Fault Tree Analysis (FTA)
  • Uncertainty - 3 Point Estimation (PERT)
  • Correlation
  • Criticality / Confidence
  • Case Study
Mitigation
  • Methods and Strategies
  • Risk Actions
  • Case Study
Application of Risk
  • Risk Management Plan
  • Risk and the Business Case
  • Management / Tolerance
  • Lessons Learned

Examinations

None

Upcoming Courses

There are no scheduled dates for this course.

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Related Courses

Related Certificates

None.