Introduction
This seminar will emphasize awareness of project risk management to minimize project cost/schedule overruns & improve project execution.
Project management is all about the management of risks; the ability to seize opportunities, minimize threats and to optimize results. However, risk management is too often treated as a reactive process, or worse, not done at all. In this Project Risk Management course, you’ll 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.
Project Risk Management will show you how to examine both the threats and opportunities facing your projects from both a top-down and bottom-up perspective using a proven six-step risk management process. You’ll learn how to evaluate and respond to risk at the project as well as the task levels.
As risk can never be eliminated from a project, project managers must be able to anticipate possible causes of cost and schedule overruns, together with poor quality of work. By identifying the warning signs to these as early as possible in the project timely corrective action can be taken to minimize or mitigate the impact.
Project scope needs to be clearly defined for budget approval. This requires risk identification, assessment & quantification for determination of cost & schedule contingencies. These are then controlled using risk control techniques.
The seminar content is in line with the Project Body of Knowledge (PMBOK Guide 2000) published by Project Management Institute.
http://www.glomacs.com/courses/PM017.asp?sj=PM017