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 and commercial sector technology-based projects above a few million dollars are in this category, including 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.