Project Risk Management Key Concepts for Project Management Professionals

introduction

This course is designed specifically for project management professionals. The assumption made here is that project management professionals here could mean project managers, project leads, project supervisors or project team members with minimum 3 years project experience. These professionals work with project stakeholders in a project and business environment. It is also assumed that these project management professionals may have a lot of experience in project management principles or practices as they may be working in project environments for a few years. They may or may not be certified.

Therefore, the main purpose of this course is to provide a structured detailed working understanding to these project management professionals regarding proper project risk management principles, key concepts and best practices and how these work in tandem with the performing organization and project teams to minimize risk exposure thereby increasing project effectiveness and business value. The course content is based on the internationally recognized Practice Standard for Project Risk Management by PMI (Project Management Institute).

TRAINING OBJECTIVES

  • Understand the definition of Project Risk Management and introduction to project risk management in alignment with the PMBOK® Guide 5th Edition and Practice Standards by PMI.

  • Have a functional understanding of the principles and key concepts especially its relevance in the project and corporate organization.

  • Have a basic understanding of the 6 project risk management processes according to PMIs PMBOK® Guide 5th Edition and the Practice Standard.

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