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Project Risk Management

at Knowledgehut - Downtown, Washington, D.C.

(14)
Course Details
Price:
$599
Start Date:

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Location:
Downtown, Washington, D.C.
Exact Location TBD
Washington, District of Columbia 20006
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Important:
Early Bird Price, Good until May 21
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Description
Class Level: Beginner
Age Requirements: 18 and older
Average Class Size: 25

What you'll learn in this risk management training:

Not just small businesses and organizations, but even the world’s biggest enterprises are not risk averse and lose millions of dollars due to poor risk management. 

It is estimated that over 70% of global projects fail due to time delays and budget overrun, causing severe loss to the organization and the global economy. One of the main reasons for these failures is the lack of Risk Management knowledge and implementation.

Risk Management comes out as the key differentiator for successfully completing the projects on time and within budget. This course helps you not only to understand the tools and techniques of Project Risk Management but also how to apply them to develop a Project Risk Register for a sample case study under consideration. 

You will learn to tackle risks by identifying and analysing change and potential risk factors, and ways to circumvent them.

By the end of this course, you will be able to:
  • Define risk and risk management
  • Identify risks using various methods
  • Assess the potential impact of risk factors
  • Prioritize risks to determine the most important
  • Develop effective risk response strategies
  • Control risk during project execution using proven tools and techniques
Intended Audience:
  • Novices, beginners and even risk managers who want to reinforce their skills can benefit from this course.
Course Agenda
  • Introduction to projects and project risks
  • Human aspect of Risk Management (Risk Attitude – Risk Taking, Risk Neutral, Risk Averse)
  • Risk Management – A Proactive Approach for managing uncertainties
  • Threats and Opportunities
  • Known and Unknown Risks
  • Business Risks and Pure Risks
  • Understanding the sample project case study
  • Preparing to develop a Risk Register
    • Identify Risks (Threats and Opportunities)
    • Risk Categories and Risk Breakdown Structure
    • Analyse and Assess Risks (Probability and Impact)
    • Qualitative Risk Analysis
    • Probability Impact Matrix
    • Quantitative Risk Analysis
    • Expected Monetary Value and Decision Tree Analysis
    • Developing Risk Response Strategies
    • Strategies for Threats
    • Strategies for Opportunities
    • Contingent Strategies

  • Implement Risk Responses
  • Monitor Risks


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Refund Policy

A) CANCELLATIONS BY THE PARTICIPANT


All Cancellations must be notified over email and the refunds will be provided as below:

  • Within 24 hours of registration: 100% refund
  • Less than 10 days to the workshop: No refund. As a courtesy, we could allow you to apply 50% of your payment towards a future training program within one year of the cancellation date.
  • 1-3 days prior to class and no-shows: No refund and no credit.

However, please note that all cancellations will incur a 5% deduction in the refunded amount due to transactional costs applicable while refunding.

Refunds towards cancellations initiated by a customer will take up to 30 days from the receipt of written request for refund.


B) RESCHEDULES BY THE PARTICIPANT


All reschedules must be notified over email and the following rules will apply:

  • Greater than 10 days to the workshop: Credit to a future workshop
  • Less than 10 days to the workshop: Credit to a future workshop + 10% (of Standard Course Fee) Reschedule charge

Registrant substitutions may be made at any time.

Please note that if you do not cancel or do not attend, you would not be offered a refund nor will the amount be credited to a future training.


CANCELLATIONS / RESCHEDULES BY KNOWLEDGEHUT

Please Note: KnowledgeHut reserves the right to substitute previously allocated presenters with alternative qualified presenters, if deemed necessary.

KnowledgeHut also reserves the right to cancel or reschedule events in case of insufficient registrations, or if presenters cannot attend due to unforeseen circumstances. You are therefore advised to consult a KnowledgeHut agent prior to making any travel arrangements for a workshop.

In case of a cancellation, you will be notified prior to the start date and will be offered full credit to a future event or a full refund, promptly.


REFUNDS FOR E-LEARNING COURSES


All cancellations must be notified over email and the refunds will be provided as below:

  • Within 48 hours of registration and before accumulating 30 minutes training: 100% or transfer to another online course
  • After 48 hours of registration and after accumulating 30 minutes of training: No refund.

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School: Knowledgehut

Knowledgehut

In today’s dynamic world of workplace education, learning policies within organisations are evolving at rapid speed in response to emerging technologies. Traditional, formal and scheduled training methods have given way to more informal and on-demand forms of learning, with an increasing accent on...

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