Why Attend

This course equips participants to effectively plan, manage, and control project risks, with an emphasis on building a robust project risk management plan. Key learning areas include identifying risks linked to project scope, schedule, and resources, and developing suitable responses through risk qualification and quantification. Participants will also learn to design and calculate KPIs essential for monitoring and controlling risks.

The training employs interactive methods, including consultant-led presentations, participant discussions, group exercises, and real case study analysis, ensuring a comprehensive, hands-on learning experience in project risk management.

Event Date: 06/02/2025 – 08/02/2025

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More Dates

03/07/2025 – 05/07/2025	Price: ₦230,000.0000 VAT
04/08/2025 – 06/08/2025	Price: ₦230,000.0000 VAT
13/11/2025 – 15/11/2025	Price: ₦230,000.0000 VAT

Overview
Course Outline

PLANNING RISK MANAGEMENT

- Risk components
- Project selection
- Risk preferences
- Project risk planning processes
- Risk management plan elements

IDENTIFYING SCOPE RISKS

- Sources of scope risk
- Scope change risks
- Defining deliverables
- Work breakdown structure (WBS)
- Bottom-up approach

IDENTIFYING SCHEDULE RISKS

- Sources of schedule risk
- Activity definition
- Estimating activity duration
- Applying estimating techniques
- Activity sequencing

IDENTIFYING RESOURCE RISKS

- Sources of resource risk
- Resource planning methods
- Staff acquisition
- Cost estimating and cost budgeting
- Managing project risks

QUALIFYING AND QUANTIFYING PROJECT RISKS

- Quantitative and qualitative risk analysis
- Risk probability
- Risk impact
- Qualitative risk assessment
- Quantitative risk assessment
  - Risk assessment matrices
  - Quantifying risks using PERT analysis
  - Common continuous risk distributions
  - Expected monetary value (EMV) analysis
  - Decision tree analysis