Upon successful completion of this course, participants will be able to:
- Understand the content of a Risk Management Plan for a typical Multi-Disciplinary Engineering Project,
- Develop a risk breakdown structure, using different techniques and understand how to identify risks for inclusion in the Risk Register,
- Use risk prioritization techniques to rank project risks,
- Apply quantitative techniques to determine project contingency,
- Plan project risk responses, and monitor and control significant risks and implement proper mitigation strategies,
- Introduction to Project Risk Management: definitions, concepts, and applications,
- Plan Risk Management: inputs to planning risks, risk planning tools and techniques, identify defective risk management plans, probability and impact scales, risk threshold and stakeholders’ tolerance, risk owners, risk register, warning signs, and exercises,
- Identify Risks: risk breakdown structure, risk identification tools and techniques, create your risk register group exercise,
- Perform Qualitative Risk Analysis: inputs requirement, qualitative analysis tools and techniques, risk prioritization, risk register update, group exercise: Probability-Impact Matrix creation for a risky project,
- Perform Quantitative Risk Analysis: inputs requirements, quantitative risk analysis tools and techniques (Monte Carlo Simulation, Expected Monetary Value Analysis, Decision Tree Analysis, and Fault Tree Analysis), fault tree exercise,
- Plan Project Risk Responses: avoidance, mitigation, passive acceptance, proactive acceptance, transfer, examples, and case study exercise, and
- Monitor and Control Project Risks: main inputs, tools and techniques, and outputs.
Project Management Training Solutions LTD
Dr. Elbarkouky is an expert in risk management and project control. He has more than 20 years of practical experience in his field of practice. He managed and controlled risks in a large number of complex projects in Canada, the U.S., Europe, Africa, and the Middle East. He has extensive experience of oil and gas, power plants, infrastructure, and building construction projects. Dr. Elbarkouky has a PhD in construction engineering and management from the University of Alberta. He is also a professional engineer in Alberta and a Project Management Professional (PMP) of the PMI. He is the CEO of a project management training organization that is specialized in teaching professional and academic courses in project management, risk analysis, contract administration, scheduling, cost estimation, and project planning and control in Alberta, Saskatchewan, BC, and NWT.