Course Objective & Scope
In most projects the risk log is filled in at the start and then forgotten. This course turns risk into a living management tool: identifying risks and opportunities (brainstorming, SWOT, assumption analysis, pre-mortem), prioritising with a probability-impact matrix, expected monetary value and the basics of Monte Carlo thinking, avoid, mitigate, transfer and accept strategies, risk ownership and triggers.
Participants build a risk register and response plan together on a case drawn from the organisation's projects and leave with a reusable risk checklist and register template.
Who Should Attend?
- Project and programme managers
- PMO and project governance teams
- Technical leads and business representatives on critical projects
- Basic project management knowledge is recommended
Key Takeaways
- Systematically identify project risks and opportunities using multiple techniques
- Prioritise risks with a probability-impact matrix
- Calculate risk exposure with expected monetary value and justify contingency reserves
- Assign an owner, trigger and response strategy to each risk
- Embed the risk register in a regular review cadence
Curriculum
Risk, Uncertainty and Risk Appetite
- Distinguishing risks, issues and opportunities
- Organisational risk appetite and thresholds
Risk Identification Techniques
- Brainstorming, SWOT, assumption and constraint analysis
- Pre-mortem and risk breakdown structure (RBS)
Qualitative and Quantitative Risk Analysis
- Probability-impact matrix and risk scoring
- Expected monetary value, decision trees and Monte Carlo thinking
Risk Response Strategies
- Avoid, mitigate, transfer, accept and opportunity strategies
- Risk owners, triggers and contingency plans
Risk Monitoring and Register Workshop
- Risk review cadence and reporting
- Building a risk register and checklist on a case
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