Project Risk Management & Compliance: framework, identification, assessment, response, control, reporting.
| Date | Venue | Duration | |
|---|---|---|---|
| 31 August - 04 September 2026 | Pretoria | 5 Days | |
| 19 - 23 October 2026 | Sandton | 5 Days | |
| 30 November - 04 December 2026 | Sandton | 5 Days |
One of the key challenges in project management is the failure to adequately identify and address the routine risks that arise during project implementation. This course in Project Risk Management & Compliance is tailored to meet the unique risk profiles that emerge throughout the design and execution stages of projects. Participants will gain the necessary expertise to pinpoint and mitigate project risks by reducing uncertainty and enhancing their management capabilities. This, in consequence, will bolster their capacity to complete projects punctually, within the allocated budget, and upholding stringent health and safety standards.
Projects, by their very nature, are situated in fluid environments making them acutely susceptible to risks. It is, therefore, critical to adopt an evidence-based and proactive methodology to manage these risks. Every risk entails an element of uncertainty, and a fundamental goal of project risk management is to curtail this uncertainty to boost the probability of attaining the desired project results. Throughout the duration of this course, participants will be equipped with the skills to efficiently identify, evaluate, react to, and govern all risks that could potentially influence project outcomes, whether adversely or beneficially.
The objectives of the Project Risk Management & Compliance training course are meticulously crafted to empower Project Managers, Team Leaders, Engineers, Risk Managers, and Project Support Personnel with the acumen and competencies essential for adept risk management throughout the entire span of a project’s lifecycle. Participants in this program will:
Master the art of precisely pinpointing and articulating the nature of project risks.
Acquire and refine skills in utilizing established methods for risk analysis.
Gain a comprehensive understanding of various project risk management strategies.
Learn to discern between risks that present opportunities and those that pose threats.
Develop tailored techniques to categorize risks in alignment with the specific context of the project and established risk thresholds.
Cultivate the ability to separate actual risks from those that are merely perceived.
The intended audience for the Project Risk Management & Compliance training course includes professionals who are responsible for overseeing project progress and mitigating risks at various stages of a project. This typically encompasses:
Project Managers
Team Leaders
Engineers
Risk Managers
Project Support Members
Business Analysts
Quality Assurance Managers
Operational Managers:
Financial Analysts
Our diverse instructional approaches ensure effective learning:
– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.
Risk Management Framework and Planning
Key Definitions
The PMBOK® Six Risk Management Processes
Purpose & Benefits of Risk
Responsibilities in Project Risk Management
Integrating Risk Management into the Project Management Process
Risk Management Planning
Risk Planning Process
Risk Identification Process
The Effect of Project Macro-Environment on Risk
The Effect of Project Complexity on Risk
Risk Identification Techniques
Managing Risk through Project Estimating
Managing Risk through Earned Value Management
Schedule Risk Management – Critical Path Method & PERT
Risk Assessment Process
Qualitative Risk Analysis
Bow-Tie Risk Analysis Technique
Probability/Impact Risk Matrix Technique
Quantitative Risk Analysis
Monte Carlo Simulation
Decision Trees and Expected Monetary Value
Managing Project Risks through Integrity Assurance
Risk Response Plan Development
Risk Prioritisation
Risk Response Strategy Guidelines
Response Strategies for Threats & Opportunities
Response Planning & Analysis
Alternative Responses
Risk Response Validation
Contingency & Management Risk Reserves
Risk Response Control
Resource Management
Risk Control Guidelines
Risk Control Inputs
Risk Control Tools & Techniques
Risk Control Outputs
Risk Reporting & Documenting
Course Summation & Work Session Review
Discover how our courses enhance professionals’ effectiveness in their workplaces.
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