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Introduction to Risk Management 

Presented by: Dave Fourie (Certified PMP)

Accredited Live Interactive Webinar

On Completion of this live course professionals will receive a professional Certificate of completion, 1 ECSA CPD Point / 7 PMI PDUs, and 3 Month Access to Course Recordings for review purposes

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About This Course

In this course, you will delve into the pivotal role of effective uncertainty management in shaping the outcomes of construction projects. Emphasizing the initial stages of a project, where risks are most pronounced, you will discover how adeptly navigating these challenges requires the judicious application of suitable business and construction methodologies. By comprehensively addressing risk management, encompassing planning, identification, analysis, and response strategies, the course equips you with practical insights for implementation and vigilant monitoring throughout the entire project life cycle. Through engaging lectures, collaborative discussions, and hands-on exercises, you will grasp the vital intersection of theory and practice.

The course not only illuminates the present significance of risk management but also offers a positive outlook for its future within the construction industry. As complexities and competition in the field continue to intensify, the demand for proficient risk managers is poised to rise. Designed with this foresight, the course is tailored to empower professionals with advanced skills, positioning them to adeptly maneuver the intricate landscape of construction-related risks.

This course is based on:

  • The PMBOK® Guide – 7th Edition (2021)

  • Process Groups: A Practical Guide (2022).

  • The Standard for Risk Management in Portfolios, Programs, and Projects– 2019 Edition.

  • The Construction Extension to the PMBOK® Guide - 2016 Edition.

  • Navigating Complexity: A Practice Guide – 2014 Edition.

What are the learning objectives of this course and how can they be applied to your job.

  • Gain skills to stand out among colleagues and attract employers.

  • Receive thorough understanding and comfort in using new skills.

  • Acquire the ability to appreciate risk management in construction.

  • Learn a framework and process for managing risks.

  • Identify and prioritize potential risk events.

  • Utilize established risk management tools and techniques for analysis, management, monitoring, and reporting of risks.

  • Develop and implement risk management response strategies.

  • Understand the comprehensive risk management process.

Accreditation for this course

 

This live webinar is approved by the Engineering Council of South Africa (ECSA). Complete the course to earn 1 ECSA CPD Points. PMP Certificate holders will also receive 7 PMI PDUs. This certification boosts your standing in the engineering world, showcasing dedication and excellence. Regularly updating CPD points is vital with bodies like ECSA, as not doing so could affect your membership. Stay updated, prioritize your certification, and highlight your commitment to engineering growth.

Obtain your certificate and differentiate yourself from others

Earning a certificate in Risk Management can enhance your portfolio and LinkedIn profile, demonstrate your knowledge and skills in this field, set you apart from other candidates, and potentially open up new job opportunities. It can also show that you are dedicated to staying up-to-date on industry best practices and have the necessary skills to succeed in a project management role. Many employers prioritize hiring candidates with advanced training and certifications, making a certificate in Risk Management a valuable investment in your career.

On completion of the course, you will receive the following:

  • A certificate of completion

  • 2 ECSA CPD points

  • For PMP Certificate holders: 14 PMI PDUs

  • 3-month access to recordings of live sessions (for delegates who miss a session due to load shedding)

  • An accredited self-paced course with additional CPD points

  • This is a live interactive course, allowing you to ask the presenter questions in real-time.

Note: Live sessions must be attended to qualify for the certificate; recordings are for review only.

What is covered in this course

2015-2017

Section 1:

Introduction and Context

Introduction and Context

  • The course outline encompasses a comprehensive array of topics concerning risk management in project management.

  • The introduction establishes an overview of the course and its content, setting the stage for the forthcoming material

Background to Risks

  • Contextualizes the significance of managing risk within project contexts.

  • Explores fundamental project risk concepts and its integration into the overall project management process.

  • Covers key terminology, shedding light on benefits and barriers to achieving effective risk management.

Planning for Risk Management on Projects

  • Unveils the meticulous process of planning risk management for projects.

  • Identifies factors influencing risk and outlines the necessary inputs essential for risk management planning.

  • Selects suitable tools and techniques for comprehensive risk management and delves into the formulation of the risk management plan.

2011-2014

Section 2:

Identifying Risks

Identifying Risks

  • Illuminates the methodical process of identifying risks within project environments.

  • Demonstrates techniques for pinpointing sources of risk and utilizing relevant inputs and tools to uncover potential risks.

  • Explores the creation of vital risk statements and the compilation of a risk register.

Analyzing Risks

  • Examines the multifaceted process of evaluating the likelihood and impact of identified risks.

  • Differentiates between qualitative and quantitative risk analysis approaches.

  • Expands into exploring other essential risk parameters that contribute to a comprehensive understanding of risks.

Section 2.4: Responding to Risks

  • Encompasses the strategic development and execution of plans to tackle identified risks.

  • Strategizes risk response tactics for individual as well as overarching risks.

  • Provides insights into the implementation of these strategies to effectively manage risks.

  • Section 2.5: Monitoring and Controlling Risks

    • Explores the continuous process of overseeing and maintaining control over risks throughout project lifecycles.

    • Incorporates trend analysis to monitor risk statuses over time.

    • Emphasizes the use of appropriate inputs, tools, and techniques for vigilant risk monitoring and control.

This comprehensive course outline addresses a diverse spectrum of risk management facets within project management, progressively guiding learners through understanding, planning, identification, analysis, response, and continuous monitoring of risks.

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Your Instructor

Dave Fourie

Dave Fourie, a Certified PMP, has over 25 years of experience in project management as a consultant, including PMBOK, Method 123, and PRINCE2 in software development, service delivery, quality, and general management. He has provided training in project management, quality management, and business analysis since 1999 and has experience with various national and international training providers. Dave is certified in Project Management Professional (PMP), Portfolio, Programmed and Project Offices (P3O), Managing Successful Programs (MSP), PRINCE2, Professional Scrum Master (PSM1), IT Service Management (ITIL), Total Quality Management (TQM), NGstudy™ Certified Negotiation Associate (NGN-A), and Six Sigma Green Belt. He aims to provide a relaxed and enjoyable learning experience while sharing his passion for project management through practical examples and a touch of humor

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Company Information

Tacit Skills is an registered CPD Accredited Training Provider
 

Company Registration Number:
CSD: 2022/568336/07

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