Management / Project Management

Lead Project Risk Manager.

Lead Project Risk Manager training allows you to develop the knowledge and skills necessary to effectively manage risk in projects. During this training, you will gain an understanding of the principles, processes and best practices of risk management in a project context. You will learn how to identify, analyze, assess, treat and monitor risks throughout the project lifecycle to increase the likelihood of project success and achievement of business objectives.

Issues

Risk management in projects
Identification of project risks
Risk analysis and assessment
Risk response planning
Risk monitoring
Integration with project management processes
Project life cycle
Business objectives of projects
Best practices in risk management
Risk management techniques
Risk communication in the team
Documentation of risk processes

Benefits

Master the concepts, approaches, methods and techniques for effective risk management in projects
They will gain the knowledge to advise organizations and project teams on risk management best practices
Development of skills to plan, implement and manage the project risk process
They will learn how to integrate risk management with other project management processes

Who is this training for?

Project and program managers

Risk managers

Project team members

Project management consultants

Prerequisites

Basic knowledge of project management
Knowledge of design methodologies (preferred)
Experience in project work
Analytical and planning skills

Training program

Introduction to project risk management — concepts, standards (ISO 31000, PMBOK Risk Management)
Risk management framework — risk policy, appetite, tolerance, governance structure, roles
Project context — strategic objectives, stakeholders, constraints, assumptions, environmental factors
Risk management planning — risk management plan, methodology, roles, budget, schedule
Project risk categories — technical, managerial, organizational, external, Risk Breakdown Structure (RBS)
Exercises: developing a risk management plan, defining risk categories (RBS)

Risk identification — techniques (brainstorming, Delphi, checklists, SWOT analysis, assumptions analysis)
Qualitative analysis — probability and impact matrix, prioritization, urgency assessment
Quantitative analysis — Monte Carlo simulation, sensitivity analysis, decision tree, Expected Monetary Value (EMV)
Risk register — structure, risk description (cause-risk-effect), risk owner, status
Positive risks (opportunities) — identification, analysis and planning for leveraging opportunities in the project
Exercises: risk identification for a project, qualitative and quantitative analysis, building a risk register

Threat response strategies — avoidance, transfer, mitigation, acceptance (active and passive)
Opportunity response strategies — exploitation, sharing, enhancement, acceptance
Response plans — contingency plans, fallback plans, reserves (contingency and management reserve)
Integration with scope management — risk impact on WBS, scope creep, change management
Integration with schedule and costs — buffer management, Earned Value and risk, critical path analysis
Exercises: developing response strategies, contingency plans, integrating risk with the schedule

Risk monitoring — risk reviews, trigger events, risk audits, risk status, trend analysis
Risk communication — reporting to stakeholders, escalation, risk dashboard, risk appetite
Risk management in agile methodologies — risk-driven sprints, backlog refinement, velocity risk
Lessons learned — analysis of realized risks, knowledge base, knowledge transfer between projects
Risk management maturity — maturity models, benchmarking, building a risk culture
Exercises: preparing a risk dashboard, lessons learned analysis, maturity assessment

Project risk management summary — review of key concepts and tools
Case studies — analysis of risk management in projects of various scales and industries
Framework comparison — ISO 31000, PMBOK, PRINCE2 (risk themes), Agile risk management
PECB certification preparation — exam format, question types, passing strategies
Mock exam — simulation of the PECB Certified Lead Project Risk Manager exam
PECB certification exam (optional) — written exam leading to the PECB Certified Lead Project Risk Manager certificate

Delivery Methods

Online

Convenience of participating from anywhere
Interactive live sessions with trainer
Materials available for 30 days
No travel costs

On-site

Direct contact with trainer and group
Intensive hands-on workshops
Networking with other participants
Full focus on learning

Frequently asked questions

What are the prerequisites for this training?

For Lead Project Risk Manager. we recommend: Basic knowledge of project management; Knowledge of design methodologies (preferred); Experience in project work.

What is the format and duration of this training?

The training lasts 5 days and is available in online and on-site format. Sessions run from 9:00 AM to 4:00 PM. We can also customize the schedule to fit your team's needs.

Who is this training designed for?

This training is designed for: Project and program managers; Risk managers; Project team members.