In order to reduce project cost and schedule overruns and enhance project execution, this project risk management and compliance lecture will place a strong emphasis on raising understanding of project risk management. Managing risks, taking advantage of opportunities, reducing threats, and optimizing outcomes are the main goals of project management. But risk management is frequently viewed as a reactive procedure, or worse, as something that is never done. The proactive approach to risk, including both opportunities and dangers, will be covered in this project risk management and compliance certification course. The strategy is founded on a thorough comprehension of risk management methodologies, both qualitative and quantitative.
One area of the project management course that requires careful consideration is compliance concerns. In order to ensure that projects meet all legal and regulatory requirements and stay out of trouble with the law, compliance project management is an essential component. The risk of non-compliance and related expenses is reduced by being aware of the compliance risks and including compliance from the very beginning of project planning through the monitoring and control stages. Project managers may ensure that their projects fulfill regulatory and execution standards and protect their organizations from fines and damage to their reputations by implementing compliance risk analysis and management techniques.
The main objective of the project risk management course is to provide managers and project experts with the skills and tools necessary to organize, supervise, plan, and update their teams on tasks and developments. Through its specialist courses, Oxford Training Center provides the most up-to-date project management techniques, giving participants modern skills and useful tactics.
Objectives and target audience
Objectives
- Develop your ability to precisely recognize and characterize project hazards
- Gain expertise in using tried-and-true risk analysis techniques
- Recognize the various methods of project risk management
- Recognize the difference between danger and opportunity risks
- Create methods for defining risks according to risk boundaries and project context
- Recognize the difference between imagined and actual risks
Target audience
This training course is suitable for a wide range of professionals but will greatly benefit:
- Project managers
- Project risk managers
- Project engineers
- Quality assurance managers
- Contract managers
- Project consultants
- Discipline engineers
- Technical assistants
How will attendees benefit?
Through the utilization of techniques acquired and honed throughout the training program, businesses will:
- Spend less time controlling project hazards
- Boost the productivity of project execution
- Boost the effectiveness of risk management
- Preserve project values by accurately identifying and analyzing risks
- Reach project goals with efficient risk response planning and management
- Improve your understanding of project risk, which is necessary for efficient enterprise risk management
Course contents
Key terms for the framework and planning of risk management
- The six risk management procedures are based on the Project Management Body of Knowledge (PMBOK)
- Project risk management objective
- The goal of risk control
- Advantages of risk control
- Duties related to risk management
- Incorporating risk control into the project management methodology
- The elements that make up risk
Procedure for risk identification
- Project macroenvironment’s impact on risk
- Project complexity’s impact on risk
- Methods of risk identification
- Utilizing project estimating to manage risk
- Using earned value management to manage risk
Procedure for risk assessment
- Analysis of qualitative risk
- Technique for bow-tie risk analysis
- Method of the probability/impact risk matrix
- Analysis of quantitative risk
Resource management
- Risk response control
- Guidelines for risk control
- Inputs for risk control
- Techniques & tools for risk control
- Outcomes of risk control
- Risk reporting and recording
- Work session review and course summation