TOPIC 1: INTRODUCTION TO RISK MANAGEMENT
- Risk management
- Overview of Project Risk Management
- Importance of risk management
- Objectives of Risk Management
- Principles of risk management
- Sources of risks
- Outcome of risks
- Effects/impacts of risks
TOPIC 2: TYPES OF RISKS FOR PROJECTS
- Strategic risk Management
- Financial risks
- Operational Risk
- Reputational risks
- Regulatory risks
TOPIC 3: RISK IDENTIFICATION
- Risk identification
- Risk measurement methods
- Risk quantification
- Impact /probability matrix
- Risk response
- Risk monitoring and control measures
TOPIC 4: THE RISK MANAGEMENT PROCESS
- Meaning of terms
- Strategies to manage risks
- Risk Management Processes
- Strategies for risk management
- Tactics to mitigate risks
- Implementation and assignment of responsibilities
- Testing effectiveness of risk management strategy
- Risk control
TOPIC 5: RISK ANALYSIS
- Risk analysis
- Elements of Risk Analysis
- Data collection
- Sensitivity analysis
- How Sensitivity Analysis works
- Upside risk
- Downside risk
- Upside/downside risk
- Failure Modes and Effects Analysis (FMEA)
- When to Use FMEA
- FMEA Procedure
- Risk prioritization
- Steps in prioritizing risks
TOPIC 6: DAMAGE TO PHYSICAL ASSETS
- Definition
- Natural disasters
- Disaster response mechanism
- Determining risk tolerance
- Response matrix
- Strategies for both threat and opportunities
- Risk Response Strategies
- Response strategies for threats
- Response strategies for opportunities
- Contract Risk Management
TOPIC 7: RISK MONITORING AND CONTROL
- Risk Management Process
- Parameters for risks
- Risk reporting
- Project information system
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