Introduction to Risk Management
Presented by: Dave Fourie (Certified PMP)
Accredited Live Interactive Webinar
In 2023, we will start accommodating international professionals by offering course options in their local time zones based on location. For more information, go to the 'Request Quotation' page.
What's the importance of CPD Points and why should you earn them.
Tacit Skills offers courses that are accredited for Continuing Professional Development (CPD) points, which are a way to measure and demonstrate your commitment to professional development. These points are often required by professional organizations and regulatory bodies to maintain your membership or certification. By completing CPD activities, such as taking courses, you can gain new skills, knowledge, and expertise that can help you perform your job duties more effectively and efficiently. Earning CPD points also shows that you are committed to staying current and engaged in your field, and can be used as evidence of ongoing learning when seeking promotions or new job opportunities. Overall, CPD points are an important tool for helping professionals maintain their competence and provide high-quality services.
Why Evening Sessions
Tacitskills is a company that caters to busy professionals by offering live interactive courses that take place in the evenings between 19:00 and 22:00. This allows professionals to continue working on important projects during the day and complete the course in the evenings. To make the most of their time, the courses are split into 3 hour sessions per evening, rather than requiring professionals to take time off work to attend full-day training sessions. Tacitskills understands that times can be tough and is committed to accommodating professionals by working around their schedules.
Attending International Professionals
For international professionals attending our courses, we have taken timezone differences into consideration and designed a schedule based on your location to accommodate the time differences.
About This Course
This Live Interactive Webinar course is accredited by the Engineering Council of South Africa (ECSA), professionals will earn 1 ECSA CPD Points on completion and those holding a PMI Certificate will be eligible to earn 7 PDUs from the Project Management Institute (PMI) The outcome of construction projects hinges on effective management of uncertainty. Early stages of a project present the highest risks that must be managed through the use of appropriate business and construction methods. Effective risk management helps minimize negative impacts and maximize positive outcomes. This course covers all aspects of risk management including planning, identification, analysis, and response planning, with a focus on practical implementation and monitoring throughout the project life cycle through lectures, discussions, and hands-on exercises.
The future outlook for understanding risk management in the construction industry is positive, as there is a growing recognition of the importance of this skill. As the industry becomes more complex and competitive, the demand for professionals with advanced risk management skills is likely to increase. This course is designed to equip professionals with the knowledge and skills they need to effectively manage risks in the construction industry.
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.
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.
A detailed look at the course outline and contents that will be covered:
This course outline covers a wide range of topics related to risk management in project management. The introduction provides an overview of the course and sets the stage for the material that will be covered.
The background to risks section provides a context for understanding the importance of managing risk on projects. It covers the fundamental concepts of project risk and how it is managed as part of the overall project management process. It also covers key terminology and the benefits and barriers to effective risk management.
The planning for risk management on projects section covers the process of planning for risk management on a project. This includes identifying the factors that influence risk, determining the inputs required for risk management planning, and selecting the appropriate tools and techniques to use. The risk management plan is also discussed in this section.
The identifying risks section covers the process of identifying risks on a project. This includes identifying the sources of risk and using appropriate inputs and tools and techniques to identify risks. The risk statement and risk register are also discussed in this section.
The analyzing risks section covers the process of analyzing the probability of occurrence and impact of identified risks. It also covers qualitative and quantitative risk analysis, as well as other risk parameters that may be considered.
The responding to risks section covers the process of developing and implementing strategies for dealing with identified risks. This includes identifying risk response strategies for individual risks and overall risks, as well as implementing those strategies.
The monitoring and controlling risks section covers the process of monitoring and controlling risks on a project. This includes using trend analysis to track the status of risks over time and using appropriate inputs, tools, and techniques to monitor and control risks.
What are the learning objectives of this course and how can they be applied to your job.
Upon completion of this course, professionals will be comfortable with the following skills learned in this course, which will differentiate themselves from their colleagues and make them more attractive to potential employers. Tacit Skills goes the extra length to ensure that professionals understand and are comfortable using these new skills. Upon completion, delegates should be equipped to: appreciate the need for the management of risk in the construction environment; provide a framework and process for the management of risks; identify and prioritize potential risk events; use established risk management tools and techniques to assist in the analysis, management, monitoring, and reporting of identified risks; develop and implement risk management response strategies; and understand the overall management of risk process.
There are several reasons why you might want to consider a career in risk management.
The future of risk management in the construction and engineering environment is likely to see a continued emphasis on proactive and data-driven approaches. With the increasing use of technology and data analytics in the industry, professionals will have access to more information and tools to identify and assess risks. This will allow them to make more informed decisions about how to mitigate risks and effectively manage projects.
There is also likely to be a focus on adopting more integrated and collaborative approaches to risk management. As the construction and engineering industry becomes more complex and interconnected, the ability to effectively coordinate and collaborate with different stakeholders, including clients, contractors, and consultants, will be key to successful risk management.
Overall, the future of risk management in the construction and engineering environment will require professionals to have a strong understanding of both traditional risk management practices and emerging technologies and approaches. By staying current on industry trends and adopting a proactive and data-driven approach to risk management, professionals will be well-positioned to succeed in the rapidly evolving industry
Accreditation earned on completion of this course:
Earning ECSA CPD points is valuable for professionals in the construction industry as it demonstrates their commitment to staying current and continuing their professional development. By completing this course and earning ECSA CPD points, professionals can showcase their dedication to best practices and expertise in risk management.
Upon completing this course, professionals will earn 1 ECSA Continuing Professional Development (CPD) point and 7 Project Management Institute (PMI) Professional Development Units (PDUs) for PMP certificate holders.
Recordings of the live sessions will be made available for attending delegates who miss a session due to load shedding. Please note that the course live sessions must be attended in order to qualify for your certificate. Recordings are only for review purposes.
What's included in this course
1 ECSA CPD Point
Upon successful completion of this course, professionals will be eligible to earn CPD points from the Engineering Council of South Africa (ECSA). These points are important for maintaining professional status and demonstrating a commitment to ongoing learning and development
Certificate of Completion
Upon successful completion of the course, you will earn a certificate that you can add to your portfolio and showcase to prospective companies looking to hire professionals. This certificate can demonstrate your skills and knowledge, and help you stand out in the job market.
Live Online Training
A live webinar training is an interactive course that is conducted online in real-time. It allows professionals to participate remotely and engage with the instructor and other attendees through audio, video, and text-based communication. This accredited course will provide attendees with 3 months of access to recordings for review purposes after the live session has ended
Package Cost: R 799
Included in this package:
Participants will be eligible to Attend the Live Webinar Session of this course, as well as receive CPD Points and Certificate on completion of the course.
Not Included in this package
Recordings for review
Package Cost: R 999
Included in this package:
Participants will be eligible to Attend the Live Webinar Session of this course, as well as enjoy all benefits included in this package.
Included in this package:
Recordings for review
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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