The dynamic business
environment has made risk management in projects a crucial element of any project. Given
that the majority of organisations implement their strategies through the successful
development and implementation of projects, this often ignored and underestimated aspect
of project management is now more important than ever as a critical success factor. Project complexity has
increased due to a multitude of causes: ·
Greater
number of projects carried out in an organisation ·
Increased
complexity of products developed in projects ·
Shorter
acceptable project timeframes ·
Increased
levels of expected project quality and performance ·
Involvement
of more internal stakeholders in projects ·
Involvement
of more external stakeholders in projects ·
Increased
application of technology in projects ·
Increased
use of virtual teams for projects ·
Greater
involvement of cross-cultural relationships in projects All these have an impact
on the risks inherent in any project. This programme offers an
introduction to the concepts underpinning risk management as applied to projects.
Practical techniques and illustrative case studies are used to optimise the transfer of
knowledge and skills in this important area to project personnel. The emphasis is on
application of principles to practice in relation to the participant’s project
environment. This programme is based
on the framework developed by the Project Management Institute (PMI) in the U.S.A. and
described in the publication A Guide to the Project
Management Body of Knowledge, 3rd edition (PMBOK® Guide). This contents covered in
this programme is also suitable for participants who are planning to take the Project
Management Professional (PMP®)
examination. |
||
ObjectivesAt the end of this programme, you will be able to: ·
Describe the basic principles,
processes, techniques and practices of project risk management and its place in the
overall management of a project ·
Conduct a risk assessment on
projects or its components ·
Apply a selection of qualitative
and quantitative risk analysis tools to a project situation ·
Develop a practical and effective
risk response plan ·
Develop an appropriate risk
monitoring and control system for a project Who Should Attend·
First Level Manager Course Topics Introduction ·
Course Administration ·
Introduction to MIM’s Project
Management Training Framework ·
Ice-breaking |
Principles of
Risk and Risk Management in Projects ·
Definitions ·
The Nature of Risk ·
The Six Risk Management Processes ·
A Friendly Introduction to the
Basic Principles of Probability and Statistics ·
Project Failures & Risks ·
Risks during the Project Life Cycle Risk
Identification & Documentation ·
Risk Identification ·
Techniques for identifying risks ·
Documentation of risks ·
Risk registers and databases Risk
Management Planning ·
Developing project risk management
plans ·
Roles & Responsibilities ·
Determining Project Categories ·
Selecting methodologies ·
Risks in Fast-Tracked Project Plans ·
Contingency plans ·
Why Plans Fail Analysing
& Prioritising Project Risks – General ·
Risk & Decision Analysis in
Projects ·
Qualitative or Quantitative
Approaches ·
Theory of Constraints &
Critical Chain Project Management |
|
Analysing & Prioritising Project Risks -
Qualitative Methods ·
Risk Probability & Impact
Assessment ·
Risk Prioritisation ·
Impact Matrices ·
Common Techniques ·
Advanced Techniques Analysing & Prioritising Project Risks -
Quantitative Methods ·
Data Gathering & Representation
Techniques ·
Some Probability Distributions ·
Expected Value Analysis (Monetary
& Non-monetary) ·
Sensitivity Analysis ·
Decision Tree Analysis ·
Modelling & Simulation Risk Response Planning ·
Response Strategies for Negative
Risks ·
Response Strategies for Positive
Risks ·
Risk Response Techniques ·
Risk Action Plans ·
Contingency Planning ·
Planning for the Unknown Risk Monitoring and Control ·
Implementation & Monitoring of
Risk Response Plans ·
Risk Reporting, Reviews, &
Control of Changes ·
Risk Triggers ·
Corrective & Preventive Actions ·
Risk Audits |
PMBOK® Knowledge Areas Covered ·
Project Integration Management ·
Project Scope Management ·
Project Time Management ·
Project Quality Management ·
Project Risk Management ·
Project Cost Management ·
Project Procurement Management Methodology While there will be some degree of lecturing, the
main emphasis is on the development of awareness and skills through the extensive use of
exercises, participative discussions, role-play, video sessions and case studies. Participants will be encouraged to share their work
experiences and apply the principles and techniques to their work situations. Specific
models and techniques will be introduced and applied during the various activities. Strong emphasis shall be placed on the transfer of
practical skills for effective contributions to project management. Assessment
Pre- and post-course assessment There will be a pre-course assessment in the form
of a short multiple-choice questionnaire to gauge the general knowledge and perspectives
of the participants towards project risk issues. An hour-long post-course assessment will be
conducted towards the end of the final day. This
assessment requires participants to work on a paper consisting of 50 multiple-choice
questions modelled after the PMP Examination. This
assessment serves to ensure that the participants have understood the key concepts and
techniques covered in the course. It also provides some insight into the process of taking
the PMP Examination. |
Fees: MIM Member: RM2,500 Non-Member: RM2,800 Administrative Details |
PSMB
Scheme:
· SBL
|