Project Risk Manager Essential

Project Risk Manager Essential: Mastering Risk Management in Project Environments

Led by industry experts, this intensive training program covers a wide array of topics essential for project risk management. From understanding risk management fundamentals to implementing advanced risk assessment techniques, you’ll gain invaluable insights into mitigating threats and capitalizing on opportunities.

Key Learning Objectives:

Gain a deep understanding of project risk management principles and concepts.
Learn to identify and categorize various types of risks that can impact project objectives.
Master techniques for qualitative and quantitative risk analysis to prioritize and assess risks effectively.
Explore strategies for developing robust risk response plans tailored to specific project requirements.
Understand the importance of continuous risk monitoring and control to adapt to evolving project dynamics.
Acquire practical skills using industry-standard risk management tools and software.

Whether you’re a seasoned project manager looking to enhance your risk management skills or a newcomer aiming to establish a solid foundation in project risk management, this course is designed to meet your needs. Join us and take the first step towards becoming a proficient Project Risk Manager, ready to navigate challenges and drive project success in today’s complex business environment.

Course Outline
Course Duration

DAY 1	DAY 2
Project Structure Selection Planning Structures for Delivering Projects Defining a risk tolerance baseline for all activity, plus incremental procedures for high-value, complex projects Scaling risk management to the size and complexity of a programme or project Project structures to address risks from the points of view of: Sponsors Lenders Investors Contractors Concession Contract Models Foreign Direct Investments Joint Ventures Service Outsourcings Keeping Structures & Financing Flexible to Accommodate Changes	Risk Identification & Assessment Risk Identification Developing a Risk Matrix with Risk Ratings based on Probability and Impact Types of Risk Hazard Risks Financial (business) Risks Operational (technical) Risks Strategic Risks Internal & Finance Risks External Risks Risk Assessment / Analysis Sensitivity Analysis – (“what if analysis”) Identifying Risks Identifying the Impacts of Risk Estimating the Likelihood of Risks Occurring Estimate the Cost of Risk Risk Response / Mitigation Planning Monitoring and Communicating Risk

DAY 1

DAY 2

Project Structure Selection

Planning Structures for Delivering Projects
Defining a risk tolerance baseline for all activity, plus incremental procedures for high-value, complex projects
Scaling risk management to the size and complexity of a programme or project
Project structures to address risks from the points of view of:

Sponsors
Lenders
Investors
Contractors

Concession Contract Models
Foreign Direct Investments
Joint Ventures
Service Outsourcings
Keeping Structures & Financing Flexible to Accommodate Changes

Risk Identification & Assessment

Risk Identification
Developing a Risk Matrix with Risk Ratings based on Probability and Impact
Types of Risk

Hazard Risks
Financial (business) Risks
Operational (technical) Risks
Strategic Risks
Internal & Finance Risks
External Risks

Risk Assessment / Analysis
Sensitivity Analysis – (“what if analysis”)

Identifying Risks
Identifying the Impacts of Risk
Estimating the Likelihood of Risks Occurring
Estimate the Cost of Risk

Risk Response / Mitigation Planning
Monitoring and Communicating Risk

DAY 3	DAY 4
Risk Management Objective of Project Risk Management Tools and Techniques for Risk Management Avoidance – modifying a project plan Transference – shifting consequences and responsibilities Mitigation – preventative action Acceptance – accepting risk outcomes Limitations of Risk Management Use of Insurance & External / 3rd Party Mechanisms in Risk Strategies Constructing a Risk-adjusted Project Cost Model Using Risk Factors to Test Affordability The Roles of Incentives, Sanctions and Risk Sharing Using Project Design, Financial and Organizational Arrangements as Risk Management Tools	The PPP Contract Model The General Principles of How Project Appraisal, Selection, Design and Risk Management ensure more measurable, controllable, successful projects What are Public-Private Partnerships (PPPs)? The Dynamics of PPPs & How Key Risk Areas can be Managed Use of PPPs in Different Sectors and Services The Roles and Relationships of Public and Private Parties Principal Ways PPP Contracts Can Be Properly Managed What are the Lessons for Adopting and/or Adapting PPP Models Across Future Projects? Project Funding Solutions Embedding Risk Management into Normal Operations Allotting Appropriate Resources for Risk Management Activities Integrating Risk Management into Project Protocols and Controls Risk Management Monitoring and Control throughout the Project Lifecycle to Improve and Guide Risk Management Processes Evaluating Effectiveness of Risk Response Actions (and making adjustments within the project cycle)

DAY 3

DAY 4

Risk Management

Objective of Project Risk Management
Tools and Techniques for Risk Management

Avoidance – modifying a project plan
Transference – shifting consequences and responsibilities
Mitigation – preventative action
Acceptance – accepting risk outcomes

Limitations of Risk Management
Use of Insurance & External / 3rd Party Mechanisms in Risk Strategies
Constructing a Risk-adjusted Project Cost Model
Using Risk Factors to Test Affordability
The Roles of Incentives, Sanctions and Risk Sharing
Using Project Design, Financial and Organizational Arrangements as Risk Management Tools

The PPP Contract Model

The General Principles of How Project Appraisal, Selection, Design and Risk Management ensure more measurable, controllable, successful projects
What are Public-Private Partnerships (PPPs)?
The Dynamics of PPPs & How Key Risk Areas can be Managed
Use of PPPs in Different Sectors and Services
The Roles and Relationships of Public and Private Parties
Principal Ways PPP Contracts Can Be Properly Managed
What are the Lessons for Adopting and/or Adapting PPP Models Across Future Projects?

Project Funding Solutions

Embedding Risk Management into Normal Operations
Allotting Appropriate Resources for Risk Management Activities
Integrating Risk Management into Project Protocols and Controls
Risk Management Monitoring and Control throughout the Project Lifecycle to Improve and Guide Risk Management Processes
Evaluating Effectiveness of Risk Response Actions (and making adjustments within the project cycle)