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• Implementing Risk Response Strategies

Course Content
Day 1: Introduction and Expectations
0/6
• What is a Risk?
• Impact of Risks,
• Common Sources of Risks,
• What is Risk Management?
• Relationship between Risk Management and other disciplines (Strategic management, Project Management, and Operational Management)
• Case Study.
Risk Management Processes
0/6
• Plan Risk Management,
• Identify Risks,
• Perform Qualitative Risk Analysis,
• Perform Quantitative Risk Analysis,
• Plan Risk Responses,
• Monitor and Control Risks,
Planning Risk Management
0/6
• What should you consider before planning for Risk Management?
• Risk attitude (appetite, tolerance, and thresholds),
• Developing a Risk Management Plan,
• Components of Risk Management Plan,
• Creating a Risk Breakdown Structure (RBS),
• Case Study.
Identifying Risks
0/8
• Identifying Risks,
• Defining Risk Categories,
• Tools for Identifying Risks:
o Fishbone Diagram
o Checklists
o Brainstorming and Interviewing
o Delphi Technique
• Developing the Risk Register,
Day 2: Performing Qualitative Risk Assessment
0/6
• Qualitative Risk Assessment,
• Analyzing Probability and Impact of Risks,
• Probability and Impact Matrix (Heat map),
• Risk Ranking,
• Assessing Risk Urgency,
• Acceptable and Unacceptable Risks,
Performing Quantitative Risk Assessment
0/7
• Quantitative Risk Assessment,
• Quantitative tools for Risk Assessment,
• Expected Monetary Value Analysis (EMV),
• Value at Risk (VAR)
• Risk Adjusted Return
• Modeling and Simulation,
• Sensitivity Analysis,
Planning Risk Responses
0/7
• Implementing Risk Response Strategies
• Strategies for Threats (Avoid, Mitigate, Transfer, and Accept)
• Strategies for Opportunities (Exploit, Share, Accept and Enhance)
• Calculating and creating Contingency reserves,
• Determining Residual risks,
• Developing risk budget,
• Examples
Monitoring and Controlling Risks
0/7
• Who is responsible on Monitoring and Controlling Risks?
• Monitoring and Controlling risks in execution phase,
• Risk Triggers,
• Tools to determine triggered risks (Earned Value Analysis, Variance Analysis, Reserve Analysis),
• Risks and Change Control processes,
• Risk Re-assessment and Risk Audits,
• Exercise
Comprehensive Case Study.
General Risk Management Workshop
About Lesson


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