Course Overview
It is not uncommon for technical projects to be delivered late and to exceed budget. Significant uncertainty surrounds the development and delivery of any valuable product or service. Risk management seeks to bring that uncertainty down to manageable proportions by pro-actively identifying, analysing, planning, managing and reviewing risk throughout the project lifecycle. By applying simple ‘best practice’ principles, projects will be more under control and deliver fewer unwelcome surprises for both the project team and customer.
This intensive 2-day workshop-style course is designed to focus on the art of risk management for anyone working in a project team environment or for technical specialists, such as Engineers and Scientists, who are increasingly required to manage projects. Although applicable to any field of work, it is especially suited to technical project risk management.
The workshop provides participants with proven techniques, processes and tools to pro-actively identify, analyse, plan, manage and review risk throughout the project lifecycle which will assist in delivering challenging technical projects on time, to budget and within specification. It demonstrates how to spot potential ‘show stopping’ events, distinguish those that require managing from those that do not, and put in place effective mitigating and contingency actions to overcome the various pitfalls commonly encountered when managing technical projects.
During the workshop, various qualitative and quantitative risk management best practices are introduced without overwhelming participants with formal methodology. The aim is to convey an instinctive feel for the art of project risk management within a workable framework, so that technical projects can be delivered against tight budgetary and time constraints to exacting quality requirements with confidence and controlling known uncertainty.
Who Will Benefit?
The workshop is aimed at individuals who need to broaden their understanding of project risk management. Typically, this includes:
- Project Managers wishing to revisit the fundamental principles of business and project risk management or reinforce their existing skills and knowledge
- Project team members wising to learn more about project risk management practice
- Technical specialists, such as Engineers and Scientists, moving into project management or team leadership roles, who wish to add this valuable tool to their project management repertoire
- Technical specialists working within project teams who report to a Project Manager who need to understand how to bring the uncertainty and assumptions around a project under control
Learning Outcomes
Upon completion of this workshop, participants will be able to:
- Understand the benefits of good risk management for successful project outcomes
- Use best practices to minimise risks and negative impacts
- Describe a typical risk management lifecycle
- Explain the action required at each phase of the project risk management lifecycle and understand the significance of each phase
- List the key attributes of risk necessary to understand to manage risk effectively
- Explain the key steps required identify, analyse, plan, monitor, manage and review risk throughout a technical project lifecycle
- Specify key quantitative measures for determining the exposure of a project to risk
- Determine contingency required to deliver a technical project
Business Benefits
The workshop will deliver the following business benefits:
- Reduced project overruns or stoppages due to unexpected events
- Reduced project and development costs due to unexpected events and rework
- Reduced levels of poor design quality and system performance issues due to unexpected events
- Development of a pro-active risk awareness culture that enables teams to deliver risky projects with more confidence
- Improved project team efficiency and discipline around risk management
- Improved ability to win and deliver business more profitably
Course Programme
The workshop content covers:
- The need for effective risk management
- Approaching risks in business
- Systematic approach to risk
- Identifying risks
- Qualitative risk assessment and planning
- Risk management - Tracking and control
- Contingency (reserve) management
- Practice the various aspects of risk management
- Use of risk tools and techniques
Prerequisites
Participants should have some experience of working in project teams, although not necessarily as a Project Manager. All workshop participants are required to bring a laptop computer with Microsoft Office Project, Excel, Word and Adobe Acrobat Reader installed.
Course Level
Introductory: Assumes the participant has little or no prior knowledge of the specific areas covered.
Course Venue
Delivered on-site either at customer premises or at any suitable venue throughout the UK, Europe and Rest
of the World.
Dates
Flexible according to your requirements.
Course Fees
Please
click here or call us on +44 (0)1962 855 730 to request a quote.
What’s Included?
Course participants will each receive a set of high-quality workshop notes printed in full colour together with a free copy of the recommended course text book worth
Click to download detailed PDF course brochure