IT Project Risk Management Bootcamp

Project risk management is a set of management techniques aimed at ensuring that actual and planned project outcomes coincide, or better. As such, project risk management is practiced by the great majority of project planners, project managers and their staff. Risk management is embedded in nearly every facet of planning and implementing a project.

This course deals with that extra, formalized set of techniques which can be applied cost-effectively to manage the risk to those projects which are unlikely to proceed to plan without specific focus on risk. The majority of public sector defense, aerospace and infrastructure projects above a few million dollars of contract value are in this category, as are many projects for internal customers, and product development projects, in the commercial sector. This course is designed to establish a framework for application of formal risk management to significant projects and to impart to delegates, a capability to select and implement appropriate risk management techniques within that risk management framework.

Who Should Attend This Course?

This Project Risk Management course is designed for personnel of all types who make project-related decisions in the presence of uncertainty. The seminar will be of particular value to programme managers, project sponsors, project managers and their planning advisers, technical managers, project engineers, system engineers, software systems engineers, engineers of all other types, and those responsible for the development of policy and processes in the fields of development, acquisition, and supply.

Learning Objectives

At the conclusion of this seminar, delegates are expected to have a reasonable working knowledge of risk in a project context, sufficient to make or contribute from a risk perspective to decisions regarding project planning and execution. Delegates will be better equipped to perform as program managers, project managers, team leaders and leaders of functional areas. Delegates who are practicing engineers will be better equipped to make sound engineering decisions in the presence of risk.

Key Questions

• What is risk?
• Why are acquirer and supplier risk management programs fundamentally different?
• Is there any difference between project management and risk management?
• What expenditure can be justified for a risk management program?
• How do quantitative and qualitative risk analysis methods differ?
• How does risk relate to requirements?
• Which risk management techniques are most effective?
• How can the risk management function be most effectively achieved within a project organization?