Learn and understand what an effective project risk management framework looks like and how it works.

This course is for project managers and risk managers seeking to understand how to embed risk in a project while minimising administrative burden.

The framework, tools and techniques you will be introduced to will provide you with a basis for managing your project risk more effectively than ever before. It will also provide you with the means to demonstrate to your key stakeholders that you understand and are managing risk for their benefit.

This is an online interactive course run over two half-days, with ample time to participate, share and network.

Part One: The good and the bad of project risk management approaches

• Risk and good governance
• Project risk management in plain English
• The Project Risk Management Journey
• Effective project risk frameworks
• The benefits of project risk management
• Group Exercise – Defining the benefits and the barriers to effective project risk management.

Part Two: Delivering value through project risk assessment

• The project risk management process
• A simple project risk register tool
• Initial analysis to establish context
• Establishing Risk Appetite for a project
• Group Exercise – Establishing the context for a project.
• Project risk assessment tools and techniques – work breakdown structures, process flow diagrams, event tree analysis, Bowtie Analysis
• Risk assessment tips and tricks
• Prioritising known risks, exposing known but unspoken risks, discovering unknown risks and making allowance for what we can’t predict – Black Swans
• Group Exercise – Project risk assessment

Part Three: Driving project performance

• Project risk treatments – developing innovative solutions
• Risk sharing via contracts – issues in negotiating acceptable indemnity clauses
• Understanding risk management performance
• Understanding and influencing risk culture within a project team
• Influencing culture through strong risk leadership
• Group Exercise – Methods for embedding a good risk culture in a project team.