Project Management Programs Project Risk Management

What You will Learn?

This course provides the skills to help you enhance your skills on project risk management.

  • Manage Project Risk effectively to deliver successful Projects that meet Stakeholder needs
  • Develop Project Risk Management Plan to define the Scales, Budget, Tolerances & Guidelines for Risk Management
  • Apply customizable, industry-robust Templates to create a Risk Management Plan and Risk Register
  • Use Qualitative Risk analysis process to Identify Risk Exposure
  • Translate Risk into actual Time and Cost impact using proven Quantitative Risk Analysis Tools
  • Utilize Technique to Design your Risk Response Strategies
  • Monitor Risk Triggers to control uncertainties and maximize project payoff
  • Understand EMV and how to use it
  • Use Summary Risk Profile for Reporting
  • Define and Manage Risk Tolerances and How to and When to Escalate Risk

What is this Course about?

This course provides the skills to help you enhance your skills on project risk management. Through identifying and measuring risks in project development and implementation, you learn to quantify risks and create risk response strategies to deliver projects that meet stakeholder expectations. This course is aligned to the PMI RMP, Risk Management Professional and APMG’s M_O_R, Management of Risk Foundation and Practitioner Certification Course. Thos want to appear for these certification exams can take this course.

Who Should Attend?

Project Managers, Team Leaders, Senior Managers , Delivery Managers, PMO’s, Project Support, Team Leaders, Engagement Managers, Directors and Executives, Programme Managers and anyone who wants to appear for PMI Risk Management Professional Certification Training Exam (PMI-RMP) or APMG M_O_R Foundation Certification and M_O_R Practitioner Certification (M_O_R is Management of Risk).


Classroom Course: 1 day and 1 day for online eLearning materials for pre-course and a post training case study


  • Classroom in both public and corporate
  • Online Interactive
Program Outline
  • Project Management Context  
    • Challenges in Project Management
    • Benefits of using Best Practices and structured Management Approach
    • Project Management Framework
    • Project Charter and Business Case
    • Project Approach and Contracting
    • Project Closing
    • How Risk Management helps?
  • Introduction to Risk Management  
    • PMI’s Risk Management Professional Certification Exam – Structure, Questions, Fees and Benefits
    • APMG’s M_O_R Foundation & Practitioner Certification Exam – Structure, Style, Fees and Benefits
    • Why do Risk Management Certifications?
    • Difference between Risk and Issue Management
    • Definitions of Risk and Key Terms
    • Risk vs. Opportunities
    • Impact of Risk on Organizations
    • Internal Control and Risk Management
    • Maturity in Risk Culture
    • Risk Management Strategy
    • Perspectives – Strategic, Programme, Project, Operations
    • Risk Management Policy and Processes
    • Risk Management Responsibilities
    • Risk Management Templates for Risk Management Strategy and Risk Register
  • Risk Management Planning
    • Risk Management Planning Process
    • Inputs to Risk Planning
    • Techniques for Risk Planning
    • Tailoring the Risk Register
    • Tailoring the Probability Impact Matrix
    • Define Roles and Responsibilities
    • Develop Project Risk Management Plan
  • Identify Risks 
    • Risk Identification Process
    • Inputs to Risk Identification
    • Techniques in Risk Identification
    • Determine Project Risk and Opportunities
    • Using Expert Judgment and historical Data Analysis
    • Discuss SWOT, Taxonomy, Checklist, Delphi, Cause and Effect, Pareto analysis
    • Where to look for Project Risks
    • Risk Breakdown Structure
    • Common risks in Software Project [phase wise]
    • Update the Risk Register
  • Risk Analysis
    • Risk Analysis Process
    • Qualitative vs. Quantitative Risk Analysis
    • When to use Quantitative Risk Analysis
    • Inputs for Qualitative Risks Analysis
    • Determine Risk Probability and Impact
    • Risk Urgency Assessment
    • Categorize Risks
    • Update Risk Register
    • Quantifying with Expected Monitory Value
    • Decision Tree Analysis
    • Update Risk Register
  • Planning Risk Responses
    • Risk Response planning process
    • Inputs for Risk response planning
    • Strategies for Negative Risks
    • Strategies for Positive Risks
    • Secondary Risks and Residual Risks
    • Assigning Risk Ownership and Responsibilities
    • Contingency Planning
    • Update Risk Register
  • Monitoring and Controlling Risks

    • Risk Monitoring and Controlling Process
    • Inputs to Risk Monitoring and Controlling Process
    • Techniques in Risk Monitoring and Controlling
    • Risk Reassessment
    • Risk Audits
    • Variance and Trend Analysis
    • Documenting Risk Data for future projects
    • Managing Issues


  • Delegate Hand Outs
  • Templates
  • Checklists

Why I should do this Course?

  • Decision making is improved through the high visibility of risk exposure, both for individual activities, and major projects, across the whole of the organisation
  • A progressive management style and a culture of continuous improvement that is enhanced by the encouragement of openness in relation to risk
  • The objectives of the organisation and its stakeholders are more likely to be realised through the early identification and proactive management of threats to cost, time and performance
  • Financial benefit to the organisation through improved ‘value for money’ potential and better management of project and programme finance
  • Management of project risk is carried out within the wider context of programmes, thus minimising the risk of individual project failure through greater visibility of the potential impact of other projects
  • Consistency of approach through high-level monitoring and direction
  • Creation of an environment for the conscious acceptance of business risks on an informed basis
  • Improved contingency plans and the organisation’s business continuity plans
  • Better awareness in all personnel of the cost and benefit implications of their actions

Why ProjectingIT?

  • Trained over 5000+ professionals on best practice project management and scheduling
  • Experienced and Subject Matter Expert Trainers
  • Hands-on training based on real time Project Scenarios
  • Scenario based Step-by-Step Instructions Manual
  • Guidelines / Checklist on Best Project Management and Scheduling Practices
  • Post Training troubleshooting and hand holding