Course Details
Course Outline
5 days course
Risk Management Framework and Planning
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The Definition of Risk
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Understanding & Identifying the risks in Contracting
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Different Types of risks associated with Contracts
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Impact of Local, National and International laws on contracting
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Contract Risk Assessment Process
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Applied tools and techniques for managing contract risks
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Inadequate Contract Execution
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Purpose & Benefits of Risk
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Responsibilities in Project Risk Management
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Integrating Risk Management into the Project Management Process
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Risk Management Planning
Risk Identification Processes
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Project Context & Stakeholders
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Risk Identification Inputs
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Risk Identification Tools & Techniques
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Risk Identification Outputs
Risk Assessment Process
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Project Estimating Techniques
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Schedule Diagramming - Critical Path Method (CPM)
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Project Evaluation & Review Technique (PERT)
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Qualitative Risk Analysis
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Quantitative Risk Analysis
Risk Response Plan Development
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Risk Prioritisation
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Risk Response Strategy Guidelines
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Response Strategies for Threats & Opportunities
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Response Planning & Analysis
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Alternative Responses
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Response Validation
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Reserves - Contingency & Management
Risk Response Control
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Resource Management
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Risk Control Guidelines
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Risk Control Inputs
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Risk Control Tools & Techniques
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Risk Control Outputs
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Risk Reporting & Documenting
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Course Summation & Work Session Review
