Project Risk Management & Managing Project Control Training Course

Why Choose this Training Course?

Wherever there is uncertainty there is risk, and the better we control risk the better we control the outcome. As projects exist in a dynamic environment, all projects are subject to risk, and we therefore need effective project risk management and control systems to manage the uncertainties and optimise the outcomes of our projects.

This PetroKnowledge Project Risk Management & Managing Project Control training course addresses the specific nature of uncertainty and risks that occur during projects. The training course will provide delegates with the knowledge and skills required to effectively identify project risks, and control projects through minimising uncertainty and maximising efficiency. This, in turn, will improve their ability to deliver projects on time, within budget, and with a clear health & safety record.

This training course will highlight:

Key factors in project risk & control management planning
The importance of accurate risk identification & analysis
How to apply the triple constraint for effective project control
The importance of managing & controlling project change
How to create effective risk response plans

What are the Goals?

This Project Risk Management & Managing Project Control training course is designed to provide project managers, team leaders, engineers, risk managers, and project support members with the skills and knowledge to successfully manage risks & control projects throughout their lifecycle. As such, delegates will:

Learn how to accurately identify and analyse project risks
Develop skills in applying proven project control methods
Understand different project risk management techniques
Be able to minimise project risk through effective schedule control
Learn to control projects through their macro-environmental factors
Establish project performance through accurate KPI analysis

Who is this Training Course for?

The training course is tailored for all personnel who are either involved in, or responsible for, the successful delivery of projects of all types and sizes.

This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:

Project Managers
Project Risk Managers
Project Engineers
Quality Assurance Managers
Contract Managers
Project Consultants
Discipline Engineers
Technical Assistants

How will this Training Course be Presented?

The Project Risk Management & Managing Project Control training methodology will incorporate a combination of theory and skill-based training components, applying hands-on exercises, facilitation of group discussions, practical case studies, and real-life examples.

Organisational Impact

The Project Risk Management & Managing Project Control training course will provide direct organisational benefits through improved project risk management practices. By applying the methods learned and practiced during the training sessions, organisations will:

Reduce time spent managing project risks
Improve project execution productivity
Increase project management & control efficiency
Protect project values through accurate risk identification and control
Achieve project objectives through effective change management control
Enhance overall project management knowledge

Personal Impact

Participants will develop additional and valuable project management skills, essential not only to project risk management, but to project management as a whole, including:

Developing risk & control management planning skills
Learning to effectively manage risks and control projects in a team environment
Refining their risk identification & analysis skills
Learning to balance the relationship between risk and control
Understanding how and when to apply qualitative and quantitative risk analysis techniques
Developing the necessary skills required to effectively control risks

Daily Agenda

Day 1: Project Risk & Control Management Planning

Project Life Cycles and Stage Gates
Managing the Project Triple Constraint
Responsibilities in Project Control & Risk Management
The Effect of Project Macro-Environment on Risk & Control
The Effect of Project Complexity on Risk & Control
The 20-Step Project Management Sequence

Day 2: Risk Identification & Schedule Control

The PMBOK® Six Risk Management Processes
Risk Identification Techniques
Consequential Risk Management
Managing Risk & Control through Project Estimating
Controlling Performance through Earned Value Management
Schedule Analysis & Control – Critical Path Method

Day 3: Risk Analysis Methods

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

Day 4: Risk Response Plan Development & Implementation

Risk Prioritisation
Risk Response Strategy Guidelines
Response Strategies for Threats & Opportunities
Response Planning & Analysis
Alternative Responses
Contingency & Management Risk Reserves

Day 5: Project Control & Progress Measurement

Controlling Project Resources & Meetings
Developing Effective Control Systems
Managing & Controlling Project Change
Project Performance Measurement & KPIs
Project Progress Measurement
Project Handover & Close-out

Certificate

On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

In Association With

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Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

Related Categories

Project Management

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An Interactive 5-Day Training Course

Project Risk Management & Managing Project Control

Effective Risk & Control Management on all Projects