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Course Name: Training Course on Principles and Modern Techniques of Project Risk Management and Compliance

Special offer for group registration:
Number of participants Fees
2-5 $ 700
6 -10 $ 650
11-50 $ 500
> 50 $ 450
To register as a group, contact us through: E: trainings@vitalextralearning.com or give us a call on T: +254707053111
Course Date Duration Location Fee: Registrations
Date: 29/07/2024 - 02/08/2024 5 Days Abuja,Nigeria $ 950 Click to register
Date: 05/08/2024 - 09/08/2024 5 Days Kigali, Rwanda $ 950 Click to register
Date: 26/08/2024 - 30/08/2024 5 Days Pretoria, S/Africa $ 950 Click to register
Date: 02/09/2024 - 06/09/2024 5 Days Nairobi, Kenya $ 950 Click to register
Date: 23/09/2024 - 27/09/2024 5 Days Abuja, Nigeria $ 950 Click to register
Date: 30/09/2024 - 04/10/2024 5 Days Kigali, Rwanda $ 950 Click to register
Date: 28/10/2024 - 01/11/2024 5 Days Pretoria, S/Africa $ 950 Click to register
Date: 04/11/2024 - 08/11/2024 5 Days Nairobi, Kenya $ 950 Click to register
Date: 25/11/2024 - 29/11/2024 5 Days Abuja, Nigeria $ 950 Click to register
Date: 09/12/2024 - 13/12/2024 5 Days Mombasa, Kenya $ 950 Click to register

Duration

5 Days

Our Contacts:

Email: info@ vitalextralearning.com

Telephone:
+234 (0) 8038 066705,
+234 (0) 9039055940
+254 707 053 111

Website:
www.vitalextralearning.com

Important quick links:
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How to apply
Group registration
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Course Description

Project management is all about the management of risks; the ability to seize opportunities, minimise threats and to optimise results. This training workshop will deliver skills on project risk management to minimise negative project impacts and improve project execution. However, risk management is too often treated as a reactive process, or worse, not done at all. By better understanding the risks that may affect your projects, and how to effectively manage them, you will be better positioned to successfully deliver your projects on schedule, within budget and with a clear health, safety and environment record. During this training course, participants will work through the proactive approach to both sides of risk: threats and opportunities. The approach is based on a clear understanding of both qualitative and quantitative approaches to risk management.

 

Learning outcomes

By the end of this course the participants will be able to:

  • Understand the Risk Management Process
  • Identify risks that affect project quality, time & schedule, cost and scope
  • Apply useful techniques to identify, analyze, mitigate and monitor risks in the project life cycle
  • Create an effective risk monitoring plan and risk management strategies
  • Competently use the six-step process to manage project risk
  • Develop a risk budget based on Expected Monetary Value (EMV)

 

Who should enroll?

This course is ideal for Project Management Professionals who want to develop and refine their project risk management skills. Professionals, no matter their industry background who can benefit from both the fundamental principles and modern techniques of project risk management are also encouraged to apply.

 

Why train with us

Vital Extra Learning guarantees our clients:

  • State-of-the-art facilities and training infrastructure
  • Extended tradition of hand-holding during post engagement
  • Service delivery through highly seasoned industry experts.
  • Value for money

 

Module 1:

Introduction of project management

  • Key components of Project Management
  • Functions of a Project Management
  • The Art and Science of Project Management
  • Triple Constraints in Project Management

 

Project Management

  • Developing Project Management Plan
  • Project Plan vs Project Proposal
  • Principles of Project Planning
  • Project Scope Management
  • Project Time Management
  • Project Resources Management
  • Project Risk Management

 

Overview of Risk Management

  • Definition of project risk
  • Individual and Corporate attitudes to risk?
  • Why is risk different?
  • Risk -v- estimating uncertainty - why they must be treated separately
  • Principles of effective risk management.
  • Risk management best practices, tools, and techniques to achieve project success

 

Module 2:

Risk process

  • Overview of the process
  • Elements that are most challenging; most valuable
  • Developing an effective framework
  • Integrating risk data with budgeting; schedules and EVM
  • Using risk data at project Gates
  • Integrating risk outputs into plans and forecasts (including resource)
  • Effective measures (KPIs) for managing the overall process

 

Risk Identification

  • The life-cycle of risk and projects - key events which always drive risk
  • Types of project risk - broadening the perspective
  • Methods of identification, structured and informal
  • Methods of improving data capture, common issues with the data
  • Communicating risk effectively

 

Assessment of risks

  • Benefits of assessment before analysis
  • Assessment methods - basic and advanced

 

Module 3:

Risk Planning       

  • Options when managing risk
  • Risk mitigation - what it is and how to apply
  • Contingency planning - what it is and how to apply
  • Integrating risk planning with: project estimating, budgeting and planning
  • Risk management plan (RMP)
  • Ishikawa diagrams for risk analysis
  • Risk registers
  • Documenting and communicating risks to stakeholders

 

 

Analyzing Risks Using Qualitative Analysis

  • Probability and impact analysis
  • Probability and impact matrix
  • Prioritizing analysis results - ranking project and operations risks
  • Acceptable and unacceptable risks

 

Module 4:

Analyzing Risks Using Quantitative Methods

  • Key tools: Expected Monetary Value (EMV), three-point estimates, the Delphi technique, etc
  • Quantifying effects of risk events on projects and operations
  • The concept of probability of cost and time objectives
  • Contingency reserves calculations
  • Trends in quantitative analysis
  • Monte Carlo simulations

 

Module 5:

Making Decisions Under Uncertainty

  • Psychological factors that affect decision-making using the prospect theory 
  • Recognizing bias using utility theory 
  • Dealing with risks and uncertainties

 

Monitoring and Controlling Risk

  • Identification of emerging risks
  • Measuring risk using earned value analysis (EVA)

TRAINING CUSTOMIZATION

This training can be customized for your institution or delivered at your preferred location upon request. For training customization, contact us through
Email: info@ vitalextralearning.com
Telephone:
+234 (0) 8038 066705,
+234 (0) 9039055940
+254 707 053 111

LANGUAGE
English

_ Rwanda _

Register for a short course in Rwanda and seize a great moment where you will visit the Kigali Genocide Memorial. In addition, we will take you on a day-out to Lake Kivu where you can swim and have a boat ride. All this for free!

OUR APPROACH – TADs
We THINK
We ANALYSE
We DEVELOP AND DELIVER SOLUTIONS that satisfy our clients