Proactive Risk Management

Title
Proactive Risk Management
Duration 24 Training Hours
Target Audience Everybody who is involved in the identification, analysis and management of risks
Course Objectives In this training course, participants will learn and practice the following:
  1. Planning for risk management
  2. How to create the Risk Management Plan
  3. Methods and techniques for identifying risks
  4. Tools and techniques for analyzing and evaluating risks
  5. How to create and maintain the Risk Register
  6. Strategies for managing risks
Course Outline
1. Introduction
  • Definition of risk and risk management
  • Risk terminology
  • Factors of risks
  • Categories of risks
  • Proactive vs Reactive
2. The Risk Management Plan
  • What is it?
  • How to create it
  • Defining the Risk Management Process
  • Contents of the Risk Management Plan
  • 3. Setting the baseline for your project risks
  • Defining your risk classification
  • The Probability and Impact Matrix
  • Risk ranks
  • Risk urgency
  • 4. Risk Planning 
  • Identifying risks
  • Qualitative Risk Analysis
  • Quantitative Risk Analysis
  • Expected Monetary Value
  • Risk strategies
  • 5. The Risk Register
  • What is it?
  • The importance of the risk register
  • How to create it
  • How to maintain it
  • 6. Monitoring and Controlling Risks
  • What is it?
  • Types of risks
  • Assumption evaluation
  • Contingency reserves
  • Tools for controlling risks
  • 7. Tips for Risk Planning and Management
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