Categories

Projects Risk management - Objectives, Methods, & Assessment


Summary

Probability Definitions:

In general, risk is high when the probability of occurrence is more than 70% and is moderate when the probability is 30-70% or the risk is low when less than 30%.

Impact Definitions:

If the risk is assessed on the impact, this will depend on its impact on the budget or time required to execute the project, then the risk or loss ratio can be determined.

The supervision of projects is the core of the proper management of the project. The supervision is concerned with the organization of the project works, in order to meet the objectives of achieving the appropriate return while providing value added to the customers by achieving high performance and appropriate cost for the project.

The Procurement Department of the project is interested in the search for the products and services necessary for the completion of the project. The procurement of materials for the project is done through contracts, regulations and laws issued by the project team members or contractors with stakeholders, including the technical methods for evaluating and evaluating bids, Weighing the criteria for both evaluation and selection of vendors, and applying all appropriate project management processes based on contractual relationships within the overall management.

Objectives and target group

Objectives and target group

Risks are things that are likely to occur in the future and have a significant impact on the project or the company as a whole. Project risk management is the process the company takes to identify and analyze these risks, as well as track them for full reporting.

What are the main objectives of risk management in projects?

The overall objective of risk management in projects is to protect the company and its projects from the negative impact of risk. Risk management should monitor the project in order to identify the changing dimensions, as well as know the cost of this project in order to minimize risk and understanding when necessary. Focus on priority risks and communicate with stakeholders to identify potential risks, risk management in projects should not forget to keep risk records until be submitted when requested at any stage.

Course Content

How is risk assessment performed?

Project risk management works on risk assessment based on their time frame, probability of occurrence, implications for their access, and finally the expected reaction and activity, the risk ranges from 0 to 81 where the value 81 is the highest risk for a project. Overall, the degree is between 35-81 degrees high (red), 18-35 degrees medium (yellow), 0-18 degrees low (Green)

Response Activity Definitions:

The risk can be assessed as we have seen, depending on the response activity, ie, extending the success of the risk response activities at a specific time. If the response plan is effective and works to remove the risks, we say that it is an effective and effective plan. If there is a plan but it has not yet been taken, it is not a valid plan. If there is no plan, this means that the response has not shown any progress.

Insurance and risk management in projects within a long series of courses under the title: Project Management and Strategic Planning.

  • Introduction to project control.
  • Map of the project.
  • Challenges faced by managers in controlling and controlling the project.
  • Safety standards in starting, managing and implementing the project.
  • Types of control in the project.
  • Project Context & Stakeholders
  • Project Estimating Techniques
  • Defining Scope via Work Breakdown Structure (WBS)
  • Identification Inputs & Tools
  • Risk Identification Techniques & Categories
  • Risk Identification Outputs
  • Decision Trees
  • Risk Prioritization
  • Risk Response Strategy Guidelines
  • Response Strategies for Threats & Opportunities
  • Response Planning & Analysis
  • Response and Expected Monetary Value
  • Alternative Responses
  • Response Validation
  • Reserves - Contingency & Management

Course Date

2019-12-30

2020-03-30

2020-06-29

2020-09-28

Course Cost

Note / Price varies according to the selected city

Members NO. : 1
£3200 / Member

Members NO. : 2 - 3
£2560 / Member

Members NO. : + 3
£2080 / Member

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