Project Risk Management



The purpose of this course is to provide an overview of the project risk management process and the tools and techniques available for the systematic identification, assessment and mitigation of project risks.


Who is this for?

Project managers, project engineers, project advisors and risk management practitioners, especially those working in large, complex, high-value project environments.

Outline content

  • What is a Project? Drivers of project risk management; time, cost, quality and safety
  • Examples of major project failures and successes
  • The project lifecycle
  • The project risk management process
  • The Project Risk Register
  • The Project Business Case; relationship to Risk Register; lifecycle; reviews
  • Project Organisational Structure
  • The Project Plan; relationship to Risk Register
  • Stakeholders and how they introduce risk (e.g. HSE risk); Project Communication Plan
  • Project Controls: gate reviews, configuration control, change management, risk management tools (e.g. bowties)

At the end of the course you should be able to:

  1. Analyse the various drivers for managing project risks
  2. Understand the components of the project risk management process
  3. Compare and contrast the key tools and techniques available to identify and assess project risks
  4. Understand how effective project risk management cost-effectively implements measures that reduces residual risk to an acceptable level

In-house training

F2F (2 days)

What prior study is recommended?

Education, skills or experience equivalent to undergraduate level.

Related articles:

Enterprise risk management


Related consulting services:

Enterprise risk management

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